Company Registration No. SC476452 (Scotland)
KINETICS CONTROLS AND INNOVATION (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
KINETICS CONTROLS AND INNOVATION (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
KINETICS CONTROLS AND INNOVATION (HOLDINGS) LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
800
800
Current assets
-
-
Creditors: amounts falling due within one year
5
(100)
(100)
Net current liabilities
(100)
(100)
Net assets
700
700
Capital and reserves
Called up share capital
6
700
700

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A – small entities.

The financial statements were approved by the board of directors and authorised for issue on 3 April 2026 and are signed on its behalf by:
Mr K Watt
Director
Company Registration No. SC476452
KINETICS CONTROLS AND INNOVATION (HOLDINGS) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 September 2023
700
-
0
700
Year ended 31 August 2024:
Income from shares in a Group undertaking
-
1,078,246
1,078,246
Contribution to Employee Ownership Trust
-
(1,078,246)
(1,078,246)
Total comprehensive income for the year
-
0
-
0
-
0
Balance at 31 August 2024
700
-
0
700
Year ended 31 August 2025:
Income from shares in a Group undertaking
-
1,000,000
1,000,000
Contribution to Employee Ownership Trust
-
(1,000,000)
(1,000,000)
Total comprehensive income for the year
-
0
-
0
-
0
Balance at 31 August 2025
700
-
0
700
KINETICS CONTROLS AND INNOVATION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Kinetics Controls and Innovation (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 28 Albyn Place, Aberdeen, AB10 1YL, United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries and associates are initially measured at cost and subsequently measured at cost l ess accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

KINETICS CONTROLS AND INNOVATION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Equity instruments

Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

1.5

Group accounts

The financial statements present information about the company as an individual and not about its group.

The company has not prepared group financial statements as it is exempt from the requirement to do so by virtue of its size.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Fixed asset investments
2025
2024
£
£
Investments
800
800
Movements in fixed asset investments
Shares in subsidiary and associate undertakings
£
Cost or valuation
At 1 September 2024 & 31 August 2025
800
Carrying amount
At 31 August 2025
800
At 31 August 2024
800
KINETICS CONTROLS AND INNOVATION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
4
Subsidiary and Associate

Details of the company's subsidiary and associate at 31 August 2025 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Kinetics Controls and Innovation Limited
Scotland
Design and manufacture of oilfield products and solutions
Ordinary
100.00
0
Kinetics Controls and Innovation (Europe) Limited
Scotland
Dormant
Ordinary
100.00
0
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
100
100
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
700
700
700
700
7
Parent company

Kinetics Controls and Innovation (Holdings) Limited is ultimately controlled by KCI EOT Trustee Limited.

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