ACCOUNTS - Final Accounts

Registered number: 11130721

RLE FUTUREMOTIV LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


RLE FUTUREMOTIV LIMITED REGISTERED NUMBER:11130721

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	5		4,592		11,103
Tangible assets	6		78,176		91,536
Investments	7		178,314		-
			261,082		102,639
Current assets
Debtors: amounts falling due within one year	8	3,416,907		3,124,633
Cash at bank and in hand	9	175,629		4,147
		3,592,536		3,128,780
Creditors: amounts falling due within one year	10	(2,840,218)		(1,987,556)
Net current assets			752,318		1,141,224
Total assets less current liabilities			1,013,400		1,243,863
Creditors: amounts falling due after more than one year	11		(647,216)		-
Provisions for liabilities
Deferred tax	12	-		(20,523)
			-		(20,523)
Net assets			366,184		1,223,340

Capital and reserves
Called up share capital	51,000	51,000
Profit and loss account	315,184	1,172,340
	366,184	1,223,340

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RLE FUTUREMOTIV LIMITED REGISTERED NUMBER:11130721

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N Cushing

Director

Date: 23 December 2025

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

RLE FutureMotiv Limited is a private company limited by shares incorporated in England and Wales. The registered office is Insight House, Riverside Business Park, Stoney Common Road, Stansted Mountfitchet, Essex, CM24 8PL.

The principal activity of the company continued to be that of providing engineering services to support vehicle programs.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The nature of the going concern uncertainty
The company is facing liquidity challenges due to a decline in sales and adverse economic conditions in the industry, which has led to concerns about its ability to meet financial obligations as they come due.

Management's assessment of the going concern assumption
Management has assessed the company’s ability to continue as a going concern for the next 12 months and, based on cash flow projections and expected funding from the sale of shareholding in one of the global subsidiaries as well as restructuring the parent company and its subsidiaries in Germany, believes that the company will be able to continue operating. However, if the funding is not received as planned, there could be a material uncertainty regarding the company’s ability to meet its obligations.

Plans to mitigate the going concern risk
The plan / strategy to mitigate the going concern risk is the sale of shareholding in one of the global subsidiaries as well as restructuring the parent company and subsidiaries in Germany.

Time frame for the going concern assessment
Management’s assessment of the company’s ability to continue as a going concern was based on a period of 12 months from the date of approval of the financial statements, with a key assumption being the successful completion of negotiations for additional funding by the end of the first quarter of 2026.

Impact of the going concern uncertainty on the financial statements
The financial statements have been prepared on the going concern basis, but there is a material uncertainty, which may cast significant doubt on the company’s ability to continue as a going concern. The impact on the carrying values of assets and liabilities has been considered, and no adjustments have been made at this stage.

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	10 years straight line
Office equipment	-	30% straight line
Computer equipment	-	20% & 30% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Employees

The average monthly number of employees, including directors, during the year was 56 (2023 - 54).

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Intangible assets

		Computer software
		£
	Cost
	At 1 January 2024	45,985
	At 31 December 2024	45,985
	Amortisation
	At 1 January 2024	34,882
	Charge for the year on owned assets	6,511
	At 31 December 2024	41,393
	Net book value
	At 31 December 2024	4,592
	At 31 December 2023	11,103

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Tangible fixed assets

		Plant and machinery etc.
		£
	Cost or valuation
	At 1 January 2024	151,257
	Additions	50,271
	At 31 December 2024	201,528
	Depreciation
	At 1 January 2024	59,721
	Charge for the year on owned assets	63,631
	At 31 December 2024	123,352
	Net book value
	At 31 December 2024	78,176
	At 31 December 2023	91,536

7.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	178,314
	At 31 December 2024	178,314

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	1,799,551	2,188,541
Amounts owed by group undertakings	1,357,704	545,222
Other debtors	2,486	161,908
Prepayments and accrued income	257,166	228,962
	3,416,907	3,124,633

9.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	175,629	4,147
Less: bank overdrafts	-	(3,531)
	175,629	616

10.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	-	3,531
Trade creditors	279,380	79,079
Amounts owed to group undertakings	787,383	907,381
Taxation and social security	480,154	367,562
Proceeds of factored debts	943,878	-
Other creditors	24,069	21,906
Accruals and deferred income	325,354	608,097
	2,840,218	1,987,556

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Other creditors	647,216	-
	647,216	-

12.	Deferred taxation

	2024	2023
	£	£

At beginning of year	20,523	18,044
Charged to profit or loss	(20,523)	2,479
At end of year	-	20,523

The deferred taxation balance is made up as follows:
	2024	2023
	£	£

Accelerated capital allowances	-	22,884
Pension surplus	-	(2,361)
	-	20,523

13.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £135,429 (2023: £124,852). Contributions totalling £24,069 (2023: £21,822) were payable to the fund at the balance sheet date and are included in creditors.

14.	Related party transactions
	The company has taken advantage of the exemption available in accordance with FRS102 Section 33 'Related Party Disclosures' not to disclose transactions entered into between two members of a group, as the company is a wholly owned subsidary of the company and fellow subsidaries which is party to the transactions.

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RLE FUTUREMOTIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15.	Controlling party

The company is a wholly owned subsidary of RLE Global Operations Limited, which is a company registered in England and Wales. Its registered office is Insight House, Riverside Business Park, Stoney Common Road, Stansted Mountfitchet, Essex, CM24 8PL.

RLE Global Operations Limited is a wholly owned subsidary of RLE International GmbH which is the ultimate parent company. RLE International GmbH is a company registered in Germany. Copies of the accounts of RLE International GmbH may be obtained from Brodhausen 1, 51491, Overath, Cologne, Germany, or at the registered office.

There is deemed to be no ultimate controlling party in the current and preceeding year due to R Laufenbeg and H-J Laufenberg, and members of their families, each holding an equal shareholding in RLE International GmbH.

On 19 December 2025 RLE International GmbH was acquired by SACHA GmbH, a company registered in Germany. Copies of the SACHA GmbH accounts can be obtained from Hery Park 3000, 86368 Gersthofen.

The ultimate controlling party from 19 December 2025 is Pawan Kumar Singh, by virture of their 100% shareholding in SACHA GmbH.

16.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

We draw attention to note 2.2 in the financial statements, which indicates that the company is facing liquidity issues due to a decline in sales and a result of adverse economic conditions in the automotive industry, thus leading to a concern over its ability to meet its financial obligations as they fall due. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 23 December 2025 by Trevor McCarthy (Senior Statutory Auditor) on behalf of Venthams.

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