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REGISTERED NUMBER: 11200000 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

AT Research and Development Ltd

AT Research and Development Ltd (Registered number: 11200000)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

AT Research and Development Ltd

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | A S Borman

| Mrs B A Borman

| REGISTERED OFFICE: | Waterside

| Carnmenellis

| REDRUTH

| Cornwall

| TR16 6PB

| REGISTERED NUMBER: | 11200000 (England and Wales)

| ACCOUNTANTS: | Colin Truscott Accountancy Limited

| 9 Heron Close

| Tresillian

| Cornwall

| TR2 4BH

AT Research and Development Ltd (Registered number: 11200000)

Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 22,204 |  | 30,065 |  |

Investments | 5 | 5 |  | 5 |  |

22,209 |  | 30,070 |  |

CURRENT ASSETS

Debtors | 6 | 24,868 |  | 12,966 |  |

Cash at bank | 8,604 |  | 16,467 |  |

33,472 |  | 29,433 |  |

CREDITORS

Amounts falling due within one year | 7 | 18,594 |  | 9,213 |  |

NET CURRENT ASSETS | 14,878 |  | 20,220 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 37,087 |  | 50,290 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 26,398 |  | 31,245 |  |

NET ASSETS | 10,689 |  | 19,045 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 10,589 |  | 18,945 |  |

10,689 |  | 19,045 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AT Research and Development Ltd (Registered number: 11200000)

Balance Sheet - continued

30 April 2025

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2026 and were signed on its behalf by:

A S Borman - Director

AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| AT Research and Development Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

| Revenue from a contract to provide services is recognised in the period 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 they 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

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance and 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Financial instruments

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Hire purchase and leasing commitments

| Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risk and rewards of ownership to the lessees. All other leases are classified as operating leases.

| Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 May 2024

| and 30 April 2025 | 7,341 |  | 51,913 |  | 6,372 |  | 65,626 |  |

| DEPRECIATION

| At 1 May 2024 | 7,281 |  | 22,900 |  | 5,380 |  | 35,561 |  |

| Charge for year | 60 |  | 7,262 |  | 539 |  | 7,861 |  |

| At 30 April 2025 | 7,341 |  | 30,162 |  | 5,919 |  | 43,422 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  | 21,751 |  | 453 |  | 22,204 |  |

| At 30 April 2024 | 60 |  | 29,013 |  | 992 |  | 30,065 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakin

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 5 |  |

| NET BOOK VALUE

| At 30 April 2025 | 5 |  |

| At 30 April 2024 | 5 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| VAT | 713 |  | 459 |  |

| Deferred tax asset | 23,020 |  | 11,462 |  |

| Prepayments | 1,135 |  | 1,045 |  |

24,868 |  | 12,966 |  |

AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 4,846 |  | 3,976 |  |

| Trade creditors | 48 |  | - |  |

| Social security and other taxes | 894 |  | 1,115 |  |

| Other creditors | 603 |  | 759 |  |

| Directors' current accounts | 9,912 |  | 753 |  |

| Accrued expenses | 2,291 |  | 2,610 |  |

18,594 |  | 9,213 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 26,398 |  | 31,245 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase | 31,244 |  | 35,222 |  |

| Hire purchase agreements are secured against the assets to which they relate.

10. | ULTIMATE CONTROLLING PARTY

| The company is controlled by AS Borman and Mrs BA Borman, who together own 98% of the issued share capital.