Registration number: 03333366

3T Additive Manufacturing Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 11

3T Additive Manufacturing Limited

(Registration number: 03333366)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	14,647	106,521
Tangible assets	5	2,065,097	2,450,160
		2,079,744	2,556,681
Current assets
Stocks	6	529,979	758,377
Debtors	7	1,393,248	1,776,056
Cash at bank and in hand		326,502	249,224
		2,249,729	2,783,657
Creditors: Amounts falling due within one year	8	(2,381,609)	(2,192,056)
Net current (liabilities)/assets		(131,880)	591,601
Total assets less current liabilities		1,947,864	3,148,282
Creditors: Amounts falling due after more than one year	8	(119,729)	(183,078)
Provisions for liabilities	11	(464,359)	(464,359)
Net assets		1,363,776	2,500,845
Capital and reserves
Called up share capital		2,546,696	2,546,696
Share premium reserve		387,287	387,287
Capital contribution reserve		2,215,778	2,215,778
Retained earnings		(3,785,985)	(2,648,916)
Shareholders' funds		1,363,776	2,500,845

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... D M Johns Director

3T Additive Manufacturing Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fulton Court Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future. The company has continued financial support as needed from the parent company to provide capital to meet liabilities when they fall due.

Audit report

The Independent Auditor's Report was qualified. The corresponding figures and comparative financial statements in the current year were derived from the financial statements for the year ended 31 December 2023, for which there was a qualified audit opinion. Included within stock as at 31 December 2023 is £500,000 relating to work in progress. We were unable to corroborate the accuracy of the valuation and existence of this figure. Owing to the nature of the items within the financial statements we have been unable to obtain verification using other audit procedures that the opening balances do no contain misstatements that materially affect the current period's financial statements.

Our audit opinion on the financial statements for the year ended 31 December 2024 is therefore qualified solely due to the possible effects of this matter. The name of the Senior Statutory Auditor who signed the audit report on 23 December 2025 was , who signed for and on behalf of UHY Ross Brooke.

3T Additive Manufacturing Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Prior period adjustments

Expenditure has been reclassified in the previous period to enusre consistent allocation between categories in line with the current period. The adjustment has reduced administrative expenses by £49,824 and increase interest payable and similar expenses by £49,824.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefit 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, rabtes, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sales of goods
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retaines neither cotinuing mangerial involvement to the degree ususally assoicated with ownership nor effective control over the goods sold;
- the amount of reevenue can be measure reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Government grants

Grants are accounted under the accruals model as perfmitted by FRS 102 Section 1A. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

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

Page 3

3T Additive Manufacturing Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	10% straight line
Plant and machinery	10% straight line
Motor vehicles	20% straight line
Fixtures and fittings	20% straight line
Computer equipment	20% straight line

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other intangible assets	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3T Additive Manufacturing Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2023 - 38).

3T Additive Manufacturing Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Trademarks, patents and licenses  £	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	12,505	530,850	543,355
At 31 December 2024	12,505	530,850	543,355
Amortisation
At 1 January 2024	12,505	424,329	436,834
Amortisation charge	-	91,874	91,874
At 31 December 2024	12,505	516,203	528,708
Carrying amount
At 31 December 2024	-	14,647	14,647
At 31 December 2023	-	106,521	106,521

3T Additive Manufacturing Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Included within the net book value of land and buildings above is £91,266 (2023 - £119,324) in respect of long leasehold land and buildings.
 

Assets held under finance leases ad hire purchase contracts

The net carrying amount of tangible assets includes £302,652 (2023: £354,293) in respect of assets held under finance leases and hire purchase contracts.

6

Stocks

	2024 £	2023 £
Raw materials and consumables	180,672	258,377
Work in progress	349,307	500,000
	529,979	758,377

7

Debtors

Current	2024 £	2023 £
Trade debtors	883,345	1,359,974
Prepayments	175,786	204,081
Other debtors	334,117	212,001
	1,393,248	1,776,056

3T Additive Manufacturing Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	10	345,791	804,535
Trade creditors		995,394	771,588
Amounts owed to related parties	12	525,204	432,608
Taxation and social security		289,439	99,184
Other creditors		225,781	84,141
		2,381,609	2,192,056