IRIS Accounts Production v25.4.12.37 05598956 Board of Directors Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05598956 2024-03-31 05598956 2025-03-31 05598956 2024-04-01 2025-03-31 05598956 2023-03-31 05598956 2023-04-01 2024-03-31 05598956 2024-03-31 05598956 ns15:EnglandWales 2024-04-01 2025-03-31 05598956 ns14:PoundSterling 2024-04-01 2025-03-31 05598956 ns10:Director1 2024-04-01 2025-03-31 05598956 ns10:Director2 2024-04-01 2025-03-31 05598956 ns10:Director3 2024-04-01 2025-03-31 05598956 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05598956 ns10:SmallEntities 2024-04-01 2025-03-31 05598956 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05598956 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 05598956 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05598956 ns10:FullAccounts 2024-04-01 2025-03-31 05598956 ns10:RegisteredOffice 2024-04-01 2025-03-31 05598956 ns5:CurrentFinancialInstruments 2025-03-31 05598956 ns5:CurrentFinancialInstruments 2024-03-31 05598956 ns5:Non-currentFinancialInstruments 2025-03-31 05598956 ns5:Non-currentFinancialInstruments 2024-03-31 05598956 ns5:ShareCapital 2025-03-31 05598956 ns5:ShareCapital 2024-03-31 05598956 ns5:RevaluationReserve 2025-03-31 05598956 ns5:RevaluationReserve 2024-03-31 05598956 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 05598956 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 05598956 ns5:PlantMachinery 2024-04-01 2025-03-31 05598956 ns5:MotorVehicles 2024-04-01 2025-03-31 05598956 ns5:ComputerEquipment 2024-04-01 2025-03-31 05598956 ns5:LandBuildings 2024-03-31 05598956 ns5:PlantMachinery 2024-03-31 05598956 ns5:MotorVehicles 2024-03-31 05598956 ns5:ComputerEquipment 2024-03-31 05598956 ns5:LandBuildings 2024-04-01 2025-03-31 05598956 ns5:LandBuildings 2025-03-31 05598956 ns5:PlantMachinery 2025-03-31 05598956 ns5:MotorVehicles 2025-03-31 05598956 ns5:ComputerEquipment 2025-03-31 05598956 ns5:LandBuildings 2024-03-31 05598956 ns5:PlantMachinery 2024-03-31 05598956 ns5:MotorVehicles 2024-03-31 05598956 ns5:ComputerEquipment 2024-03-31 05598956 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-03-31 05598956 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-04-01 2025-03-31 05598956 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-03-31 05598956 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-03-31 05598956 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 05598956 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 05598956 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-03-31 05598956 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-03-31 05598956 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 05598956 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 05598956 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-03-31 05598956 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-03-31 05598956 2 2025-03-31 05598956 1 2024-03-31 05598956 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-03-31 05598956 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 05598956 ns5:Secured 2025-03-31 05598956 ns5:Secured 2024-03-31

REGISTERED NUMBER: 05598956 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS

| FOR THE YEAR ENDED 31 MARCH 2025

| FOR

| ROUTEC (GB) LIMITED

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

ROUTEC (GB) LIMITED

COMPANY INFORMATION

for the Year Ended 31 March 2025

| DIRECTORS: | D M Coleman

| P Moxon

| Mrs J M Moxon

| REGISTERED OFFICE: | Borwick Drive

| Grovehill Road

| Beverley

| East Yorkshire

| HU17 0HQ

| REGISTERED NUMBER: | 05598956 (England and Wales)

| ACCOUNTANTS: | Sowerby

| Chartered Accountants

| Beckside Court

| Annie Reed Road

| Beverley

| East Yorkshire

| HU17 0LF

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,392,763 |  | 1,681,690 |  |

CURRENT ASSETS

Stocks | 468,309 |  | 401,777 |  |

Debtors | 5 | 1,708,238 |  | 1,514,970 |  |

Cash at bank | 139,852 |  | 115,212 |  |

2,316,399 |  | 2,031,959 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,553,109 |  | 1,138,428 |  |

NET CURRENT ASSETS | 763,290 |  | 893,531 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,156,053 |  | 2,575,221 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (655,129 | ) | (773,222 | ) |

PROVISIONS FOR LIABILITIES | (94,259 | ) | (126,065 | ) |

NET ASSETS | 2,406,665 |  | 1,675,934 |  |

CAPITAL AND RESERVES

Called up share capital | 75,020 |  | 75,020 |  |

Revaluation reserve | 10 | 867,035 |  | - |  |

Retained earnings | 1,464,610 |  | 1,600,914 |  |

SHAREHOLDERS' FUNDS | 2,406,665 |  | 1,675,934 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

BALANCE SHEET - continued

31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2026 and were signed on its behalf by:

D M Coleman - Director | P Moxon - Director

Mrs J M Moxon - Director

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Routec (GB) Limited is a private company, limited by shares, incorporated and domiciled in England and has its registered office and principal place of business at Borwick Drive, Grovehill Road, Beverley, East Yorkshire.

| The principal activity of the company is the manufacture of furniture.

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 as modified by the revaluation of certain assets.

| Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

| The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

| 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 the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

| Turnover from the sale of goods is recognised at the point of sale.

| Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 20% on cost and 10% on cost

| Motor vehicles | - | 25% on cost

| Office equipment | - | 33% on cost and 20% on cost

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

| In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 21 (2024 - 31 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Office |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 1,380,150 |  | 1,862,521 |  | 25,637 |  | 78,849 |  | 3,347,157 |  |

| Additions | - |  | 10,000 |  | - |  | - |  | 10,000 |  |

| Revaluations | 619,850 |  | - |  | - |  | - |  | 619,850 |  |

| At 31 March 2025 | 2,000,000 |  | 1,872,521 |  | 25,637 |  | 78,849 |  | 3,977,007 |  |

| DEPRECIATION

| At 1 April 2024 | 221,900 |  | 1,354,668 |  | 25,637 |  | 63,262 |  | 1,665,467 |  |

| Charge for year | 25,285 |  | 136,678 |  | - |  | 3,999 |  | 165,962 |  |

| Revaluation adjustments | (247,185 | ) | - |  | - |  | - |  | (247,185 | ) |

| At 31 March 2025 | - |  | 1,491,346 |  | 25,637 |  | 67,261 |  | 1,584,244 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,000,000 |  | 381,175 |  | - |  | 11,588 |  | 2,392,763 |  |

| At 31 March 2024 | 1,158,250 |  | 507,853 |  | - |  | 15,587 |  | 1,681,690 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Freehold |  | Plant and |  | Motor |  | Office |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| Valuation in 2025 | 619,850 |  | - |  | - |  | - |  | 619,850 |  |

| Cost | 1,380,150 |  | 1,872,521 |  | 25,637 |  | 78,849 |  | 3,357,157 |  |

2,000,000 |  | 1,872,521 |  | 25,637 |  | 78,849 |  | 3,977,007 |  |

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS - continued

| If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,380,149 |  | 1,380,149 |  |

| Aggregate depreciation | (247,185 | ) | (221,900 | ) |

| Value of land in freehold land and buildings | 1,132,964 |  | 1,158,249 |  |

| Freehold land and buildings were valued on an open market basis on 25 November 2022 by Scotts Property LLP .

| The directors consider the external market valuation as at 25 November 2022 to not differ significantly or materially to the fair value as at 31 March 2025 for inclusion within the financial statements.

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST OR VALUATION

| At 1 April 2024

| and 31 March 2025 | 217,200 |  |

| DEPRECIATION

| At 1 April 2024 | 94,120 |  |

| Charge for year | 21,720 |  |

| At 31 March 2025 | 115,840 |  |

| NET BOOK VALUE

| At 31 March 2025 | 101,360 |  |

| At 31 March 2024 | 123,080 |  |

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,226,890 |  | 1,116,212 |  |

| Amounts owed by group undertakings | 460,819 |  | 367,999 |  |

| Other debtors | 15,870 |  | 15,220 |  |

| Prepayments | 4,659 |  | 15,539 |  |

1,708,238 |  | 1,514,970 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 52,870 |  | 48,509 |  |

| Other loans | 65,223 |  | 62,049 |  |

| Hire purchase contracts (see note 8) | - |  | 40,591 |  |

| Trade creditors | 355,737 |  | 364,146 |  |

| Tax | 251,158 |  | 419,902 |  |

| Social security and other taxes | 43,328 |  | 30,242 |  |

| VAT | 91,438 |  | 96,526 |  |

| Barclays sales ledger

| financing account | 668,481 |  | 50,446 |  |

| Credit card | - |  | 10,482 |  |

| Accrued expenses | 24,874 |  | 15,535 |  |

1,553,109 |  | 1,138,428 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 15,327 |  | 52,870 |  |

| Bank loans - 2-5 years | - |  | 15,327 |  |

| Other loans - 1-2 years | 68,560 |  | 65,223 |  |

| Other loans - 2-5 years | 227,454 |  | 216,383 |  |

| Other loans more 5yrs instal | 343,788 |  | 423,419 |  |

655,129 |  | 773,222 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Other loans more 5yrs instal | 343,788 |  | 423,419 |  |

ROUTEC (GB) LIMITED (REGISTERED NUMBER: 05598956)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 March 2025

8. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | - |  | 40,591 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Other loans | 705,025 |  | 767,074 |  |

| Hire purchase contracts | - |  | 40,591 |  |

705,025 |  | 807,665 |  |

| The hire purchase creditors are secured on the relevant assets that they are financing.

| The sales ledger financing, provided by Barclays Bank plc, is secured via a fixed and floating charge on the assets of the company.

| Other loans represent the mortgage obtained to acquire the company's premises. They are secured upon the freehold property of the company.

10. | RESERVES

| Revaluation

| reserve

£ |

| Freehold property | 867,035 |  |

| At 31 March 2025 | 867,035 |  |