REGISTERED NUMBER: 10857290 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ROBERTS MANUFACTURING LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

N S Roberts

D A Roberts

P D Roberts

M A Thomas

REGISTERED OFFICE:

Furness House

Castle Park Industrial Estate

Flint

Flintshire

CH6 5XA

REGISTERED NUMBER:

10857290 (England and Wales)

AUDITORS:

Walker Begley UK Limited

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

Roberts Manufacturing Limited operates as the manufacturing arm of the wider group, supplying products to the group’s distribution companies. This integrated structure enables the business to play a critical role in supporting the group’s overall value chain, ensuring consistency of quality, reliability of supply, and operational control. The company is recognised as a preferred supplier within its industry, reflecting its strong reputation, established customer relationships, and dependable manufacturing capabilities.

During the period under review, the company has delivered strong revenue growth, with turnover increasing by approximately £3 million. This growth indicates continued demand for the company’s products and suggests that the business has maintained its competitive position within the market. Importantly, profit margins have remained consistent, demonstrating effective cost control and operational efficiency despite increased activity levels.

A key strategic focus during the period has been investment in people, which management considers vital to the company’s long-term development and continued growth. This investment has supported skills development, capacity building, and operational resilience, all of which are essential for sustaining the company’s role as a preferred supplier.

PRINCIPAL RISKS AND UNCERTAINTIES

Given that the company operates as the manufacturing arm of the wider group, it is therefore reliant on group distribution for demand and sales volumes. Any changes in group strategy or fluctuations in internal demand could impact production levels and financial performance.

The business is exposed to margin pressure arising from increases in labour, raw material, and energy costs. Although margins have remained consistent to date, continued inflationary pressures could adversely affect profitability. As a manufacturing business and preferred supplier, the company is also subject to operational and supply chain risks, including potential disruption to the availability of materials or production capacity, which could affect service levels and reputation.

In addition, the company operates in a competitive and regulated industry environment. Changes in market conditions, customer requirements, or regulatory standards could impact demand or increase compliance costs. Management continues to monitor these risks closely and seeks to mitigate their impact through operational efficiency, workforce development, and close alignment with group strategy.

Given the straightforward nature of the business, the directors consider that analysis using key performance indicators is not necessary to provide an understanding of the development, performance, or financial position of the company.

ON BEHALF OF THE BOARD:

P D Roberts - Director

23 December 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £750,000.

RESEARCH AND DEVELOPMENT

The company is committed to innovation with a team of chemists, designers and engineers dedicated to the development of new products. The team is up to date with the latest technologies, materials and industry trends, constantly pushing boundaries in their research and development efforts.

FUTURE DEVELOPMENTS

The company’s strategic objective is to remain an industry-leading manufacturer of liquid solutions, ensuring that its position as a preferred supplier within the industry is sustained over the long term.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

N S Roberts

D A Roberts

P D Roberts

Other changes in directors holding office are as follows:

J S Westaway - resigned 27 September 2024

M A Thomas was appointed as a director after 31 March 2025 but prior to the date of this report.

S Henshaw ceased to be a director after 31 March 2025 but prior to the date of this report.

EMPLOYEES

The company is an equal opportunities employer and no discrimination is made regardless of age, gender, colour, creed, disability or sexual orientation. Any disabled employee is provided with individual appraisal and review and from this a development plan and pathway is created. The company provides support via equipment or materials as required to enable each employee to have equality with their colleagues.

All employees have regular meetings with their managers in accordance with legislative requirements.

DISCLOSURE IN THE STRATEGIC REPORT

The company has included the business review and details of risks and uncertainties, within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Walker Begley UK Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P D Roberts - Director

23 December 2025

Opinion

We have audited the financial statements of Roberts Manufacturing Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on pages three and four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- the results of our enquiries of management, covering their identification and assessment of the risk of irregularities;

- any matters we identified, having reviewed documentation available;

- relevant laws and regulations, including enquiring of any non-compliance or matters alerting us to non-compliance;

- matters discussed among the audit team regarding how and where fraud might occur in the financial statements and any indicators of fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kevin Walker (Senior Statutory Auditor)

for and on behalf of Walker Begley UK Limited

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

23 December 2025

TURNOVER

22,891,441

19,715,686

Cost of sales

15,903,341

13,717,574

GROSS PROFIT

6,988,100

5,998,112

Administrative expenses

7,143,836

5,732,357

(155,736

)

265,755

Other operating income

1,653,463

1,354,574

OPERATING PROFIT

4

1,497,727

1,620,329

Interest receivable and similar income

-

1,349

1,497,727

1,621,678

Interest payable and similar expenses

5

-

389

PROFIT BEFORE TAXATION

1,497,727

1,621,289

Tax on profit

6

290,810

289,446

PROFIT FOR THE FINANCIAL YEAR

1,206,917

1,331,843

PROFIT FOR THE YEAR

1,206,917

1,331,843

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,206,917

1,331,843

FIXED ASSETS

Tangible assets

8

40,315

66,268

CURRENT ASSETS

Stocks

9

2,223,230

2,762,688

Debtors

10

2,790,431

1,728,315

Cash at bank and in hand

1,634,418

1,172,147

6,648,079

5,663,150

CREDITORS

Amounts falling due within one year

11

3,446,415

2,940,415

NET CURRENT ASSETS

3,201,664

2,722,735

TOTAL ASSETS LESS CURRENT LIABILITIES

3,241,979

2,789,003

PROVISIONS FOR LIABILITIES

12

4,133

8,074

NET ASSETS

3,237,846

2,780,929

CAPITAL AND RESERVES

Called up share capital

13

1

1

Retained earnings

14

3,237,845

2,780,928

SHAREHOLDERS' FUNDS

3,237,846

2,780,929

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P D Roberts - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

1

2,199,085

2,199,086

Changes in equity

Dividends

-

(750,000

)

(750,000

)

Total comprehensive income

-

1,331,843

1,331,843

Balance at 31 March 2024

1

2,780,928

2,780,929

Changes in equity

Dividends

-

(750,000

)

(750,000

)

Total comprehensive income

-

1,206,917

1,206,917

Balance at 31 March 2025

1

3,237,845

3,237,846

1.	STATUTORY INFORMATION

Roberts Manufacturing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirement of paragraph 33.7.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

4% on cost

Plant and machinery

-

at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

31/3/25

31/3/24

£

£

Wages and salaries

3,607,810

2,724,873

Social security costs

409,753

292,536

Other pension costs

194,123

530,843

4,211,686

3,548,252

The average number of employees during the year was as follows:

31/3/25

31/3/24

Direct, management and admin

84

77

31/3/25

31/3/24

£

£

Directors' remuneration

600,583

456,218

Directors' pension contributions to money purchase schemes

56,824

155,614

Information regarding the highest paid director is as follows:

31/3/25

31/3/24

£

£

Emoluments etc

281,261

156,902

Pension contributions to money purchase schemes

2,642

1,871

Benefits in kind to directors total £58,098 (2024 - £48,603)

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31/3/25

31/3/24

£

£

Other operating leases

24,407

21,098

Depreciation - owned assets

31,437

21,925

Foreign exchange differences

(14,799

)

19,335

Auditor's remuneration

7,000

6,000

Research and development

325,000

430,054

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31/3/25

31/3/24

£

£

Loan

-

66

Hire purchase

-

323

-

389

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31/3/25

31/3/24

£

£

Current tax:

UK corporation tax

294,751

281,372

Deferred tax

(3,941

)

8,074

Tax on profit

290,810

289,446

UK corporation tax has been charged at 25% (2024 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31/3/25

31/3/24

£

£

Profit before tax

1,497,727

1,621,289

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

374,432

405,322

Effects of:

Depreciation in excess of capital allowances

6,319

3,217

Research and development

(86,000

)

(92,461

)

Group relief

-

(34,706

)

Deferred tax

(3,941

)

8,074

Total tax charge

290,810

289,446

7.

DIVIDENDS

31/3/25

31/3/24

£

£

Ordinary share of 1

Interim

750,000

750,000

8.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

63,525

76,296

7,036

5,517

152,374

Additions

-

1,984

3,500

-

5,484

At 31 March 2025

63,525

78,280

10,536

5,517

157,858

DEPRECIATION

At 1 April 2024

33,300

50,644

808

1,354

86,106

Charge for year

9,514

16,079

2,014

3,830

31,437

At 31 March 2025

42,814

66,723

2,822

5,184

117,543

NET BOOK VALUE

At 31 March 2025

20,711

11,557

7,714

333

40,315

At 31 March 2024

30,225

25,652

6,228

4,163

66,268

9.

STOCKS

31/3/25

31/3/24

£

£

Stocks

2,223,230

2,762,688

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

2,348

16,925

Amounts owed by group undertakings

2,572,908

1,612,159

Other debtors

86,408

2,864

Directors' current accounts

29,959

-

VAT

-

54

Prepayments

98,808

96,313

2,790,431

1,728,315

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

2,744,254

2,316,810

Tax

174,751

281,372

Social security and other taxes

97,308

91,355

Pensions

19,358

18,021

Other creditors

44,515

479

Accrued expenses

366,229

232,378

3,446,415

2,940,415

12.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

4,133

8,074

Deferred

tax

£

Balance at 1 April 2024

8,074

Provided during year

(3,941

)

Balance at 31 March 2025

4,133

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

1

Ordinary

1

1

1

14.

RESERVES

Retained

earnings

£

At 1 April 2024

2,780,928

Profit for the year

1,206,917

Dividends

(750,000

)

At 31 March 2025

3,237,845

15.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the Roberts Family Trust.

The company is a subsidiary of Roberts Group Limited. This company is incorporated in the UK. The registered address is:

Furness House

Unit 25, Castle Park Industrial Estate

Flint

Flintshire

CH6 5XA