K-Tec Automation Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of K-Tec Automation Ltd for the year ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K-Tec Automation Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of K-Tec Automation Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of K-Tec Automation Ltd and state those matters that we have agreed to state to the directors of K-Tec Automation Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K-Tec Automation Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that K-Tec Automation Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of K-Tec Automation Ltd . You consider that K-Tec Automation Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of K-Tec Automation Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

29/12/2025

MKP Accountants Ltd

Chartered Certified Accountants

2nd Floor, Gortalowry House

94 Church Street

Cookstown

BT80 8HX

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K-Tec Automation Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: NI067124

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,794		3,583
Tangible Assets	5		245,921		266,966

			247,715		270,549
CURRENT ASSETS
Debtors	6	217,164		204,624
Investments	7	13,432		13,432
Cash at bank and in hand		871		21,069

		231,467		239,125
Creditors: Amounts Falling Due Within One Year	8	(114,105 )		(88,783 )

NET CURRENT ASSETS (LIABILITIES)			117,362		150,342

TOTAL ASSETS LESS CURRENT LIABILITIES			365,077		420,891

Creditors: Amounts Falling Due After More Than One Year	9		(117,566 )		(154,029 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,975 )		(12,080 )

NET ASSETS			239,536		254,782

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			239,534		254,780

SHAREHOLDERS' FUNDS			239,536		254,782

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K-Tec Automation Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approvedand authorised for issue by the board of directors on 29 December 2025 and were signed on its behalf by:

Kyle Wenlock

Director

The notes on pages 4 to 8 form part of these financial statements.

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K-Tec Automation Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

K-Tec Automation Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI067124 . The registered office is 2nd Floor, Gortalowry House, 94 Church Street, Cookstown, BT80 8HX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 15

years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	50 Years
Plant & Machinery	4 Years
Motor Vehicles	5 Years

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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K-Tec Automation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Taxation

Tax on profit as shown in Profit & Loss Account represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Debtors/Creditors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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K-Tec Automation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.9. Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	30,500

As at 31 December 2024	30,500

Amortisation
As at 1 January 2024	26,917
Provided during the period	1,789

As at 31 December 2024	28,706

Net Book Value
As at 31 December 2024	1,794

As at 1 January 2024	3,583

Goodwill is being written off in equal annual instalments over the directors estimate of its economic life of 15 years.

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 January 2024	231,266	119,020	52,455	402,741
Additions	-	812	-	812

As at 31 December 2024	231,266	119,832	52,455	403,553

...CONTINUED

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K-Tec Automation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	12,622	96,263	26,890	135,775
Provided during the period	4,625	9,151	8,081	21,857

As at 31 December 2024	17,247	105,414	34,971	157,632

Net Book Value
As at 31 December 2024	214,019	14,418	17,484	245,921

As at 1 January 2024	218,644	22,757	25,565	266,966

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	61,725	39,702
Other debtors	5,822	921
Amounts owed by associates	149,617	164,001

	217,164	204,624

7. Current Asset Investments

	2024	2023
	£	£
Listed investments	13,432	13,432

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	11,308	11,619
Trade creditors	28,228	25,794
Bank loans and overdrafts	34,801	34,169
Corporation tax	19,883	5,339
Other taxes and social security	4,654	3,400
Accruals and deferred income	8,620	4,164
Directors' loan accounts	1,345	1,300
Amounts owed to associates	5,266	2,998

	114,105	88,783

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K-Tec Automation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	7,093	22,999
Bank loans	110,473	131,030

	117,566	154,029

Ulster Bank Limited holds a legal charge over the assets of the company as security on the bank loan.

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

11. Ultimate Controlling Party

The directors Kyle and Elaine Wenlock control the company by virtue of their ownership of 100% of the issued share capital in the company.

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