Company registration number 02124501 (England and Wales)
TECHNIKRAFT LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
TECHNIKRAFT LIMITED
COMPANY INFORMATION
Directors
Mr G Walker
Mr J Clews
Mr P Fryer
Mr M Gibson
Secretary
Mr M Gibson
Company number
02124501
Registered office
Britannia Road
Goole
DN14 6ET
Auditor
MHA
Richard House
9 Winckley Square
Preston
PR1 3HP
TECHNIKRAFT LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 22
TECHNIKRAFT LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The directors present the strategic report for the year ended 30 September 2025.

Fair review of the business

Technikraft Limited is engaged in the formulation, manufacture and supply of own-label chemical products: supplying into the business-to-business sector providing products, solutions and opportunities to a wide range of companies and markets. These include automotive, janitorial, marine, engineering, hygiene and the fuel and oil additive markets.

Turnover for the current year reduced to £9,292,297 (2024: £10,109,989) and gross profit decreased to £4,385,482 (2024: £4,861,738).

Profit on ordinary activities before tax was £628,471 in the year ended 30 September 2025 compared to £1,255,688 in the previous year. Working capital remains tightly controlled and there are no concerns to raise.

Principal risks and uncertainties

The principal risks and uncertainties impacting the company along with the procedures in place to mitigate these risks and uncertainties are described below:

Market uncertainty, this is mitigated by having a wide range of customers in different sectors domestically and in the export market.

Failure of a major supplier, this is mitigated by having at least two suppliers for each strategically important material.

Reliance and retention of key personnel, this is mitigated by monitoring external market remuneration and by an increased reliance on systems and processes.

Other information and explanations

Financial instruments

The company makes use of financial instruments but its exposure to price risk, credit risk, liquidity risk and cash flow risk is not material for the assessment of the assets, liabilities, financial position and profit or loss of the company.

Future developments

The directors plan to continue to grow the business organically and where appropriate through acquisition.

Research and development

The company is fully committed to research and development and maintains a dedicated team to meet customers' changing requirements and to develop new market opportunities

On behalf of the board

Mr J Clews
Director
14 April 2026
TECHNIKRAFT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 September 2025.

Principal activities

The principal activities of the company continued to be the formulation, manufacture and supply of own-label chemical products; supplying into the business-to-business sector providing products, solutions and opportunities to a wide range of companies and markets. These include automotive, janitorial, marine, engineering, hygiene and the fuel and oil additive markets.

With an extensive range of formulations in the portfolio, Technikraft Limited provides ready-made solutions supported by a technical product development team with the knowledge and capability to design and develop bespoke products to meet customers' specific requirements and a compliance team to ensure all products meet regulatory requirements.

Results and dividends

The results for the year are set out on page 7.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D Childs
(Resigned 27 June 2025)
Mr G Walker
Mr J Clews
Mr P Fryer
Mr M Gibson
Auditor

The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.

MHA will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Mr J Clews
Director
14 April 2026
TECHNIKRAFT LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TECHNIKRAFT LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TECHNIKRAFT LIMITED
- 4 -
Opinion

We have audited the financial statements of Technikraft Limited (the 'company') for the year ended 30 September 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

TECHNIKRAFT LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TECHNIKRAFT LIMITED (CONTINUED)
- 5 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud, is detailed below:

- Enquiries with management, about any known or suspected instances of non-compliance with laws and regulations and fraud, in particular Health & Safety regulations;

- Challenging assumptions and judgements made by management in their significant accounting estimates, in particular in relation to provisions;

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.

- Reviewing board minutes and resolutions.

- Auditing the risk of fraud in revenue and revenue cut-off, through the testing of a sample of sales to assess the completeness of revenue in the financial statements and recognised in the correct accounting period

TECHNIKRAFT LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TECHNIKRAFT LIMITED (CONTINUED)
- 6 -

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Virginia Cooper FCA
Senior Statutory Auditor
For and on behalf of MHA, Statutory Auditor
Preston, United Kingdom
14 April 2026
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)
TECHNIKRAFT LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
9,292,297
10,109,989
Cost of sales
(4,906,815)
(5,248,251)
Gross profit
4,385,482
4,861,738
Administrative expenses
(3,720,350)
(3,606,050)
Operating profit
5
665,132
1,255,688
Interest receivable and similar income
8
5,091
89
Interest payable and similar expenses
9
(41,752)
(1,774)
Profit before taxation
628,471
1,254,003
Tax on profit
10
(71,510)
(298,291)
Profit for the financial year
556,961
955,712

The profit and loss account has been prepared on the basis that all operations are continuing operations.

TECHNIKRAFT LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
226,274
196,984
Current assets
Stocks
14
1,186,948
1,196,229
Debtors
15
5,957,141
4,959,798
Cash at bank and in hand
336,224
1,012,388
7,480,313
7,168,415
Creditors: amounts falling due within one year
16
(1,337,063)
(1,561,167)
Net current assets
6,143,250
5,607,248
Total assets less current liabilities
6,369,524
5,804,232
Provisions for liabilities
Deferred tax liability
18
31,248
22,917
(31,248)
(22,917)
Net assets
6,338,276
5,781,315
Capital and reserves
Called up share capital
20
1,134
1,134
Share premium account
63,886
63,886
Capital redemption reserve
40
40
Profit and loss reserves
6,273,216
5,716,255
Total equity
6,338,276
5,781,315

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
Mr J Clews
Director
Company registration number 02124501 (England and Wales)
TECHNIKRAFT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 9 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 October 2023
1,134
63,886
40
6,760,543
6,825,603
Year ended 30 September 2024:
Profit and total comprehensive income
-
-
-
955,712
955,712
Dividends
11
-
-
-
(2,000,000)
(2,000,000)
Balance at 30 September 2024
1,134
63,886
40
5,716,255
5,781,315
Year ended 30 September 2025:
Profit and total comprehensive income
-
-
-
556,961
556,961
Balance at 30 September 2025
1,134
63,886
40
6,273,216
6,338,276
TECHNIKRAFT LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 10 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
24
(472,186)
2,311,994
Interest paid
(41,752)
(1,774)
Income taxes paid
(107,919)
(312,507)
Net cash (outflow)/inflow from operating activities
(621,857)
1,997,713
Investing activities
Proceeds from disposal of intangibles
-
0
500
Purchase of tangible fixed assets
(100,937)
(131,661)
Proceeds from disposal of tangible fixed assets
5,583
-
0
Interest received
5,091
89
Net cash used in investing activities
(90,263)
(131,072)
Financing activities
Payment of finance leases obligations
35,956
(10,043)
Dividends paid
-
0
(2,000,000)
Net cash generated from/(used in) financing activities
35,956
(2,010,043)
Net decrease in cash and cash equivalents
(676,164)
(143,402)
Cash and cash equivalents at beginning of year
1,012,388
1,155,790
Cash and cash equivalents at end of year
336,224
1,012,388
TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 11 -
1
Accounting policies
Company information

Technikraft Limited is a private company limited by shares incorporated in England and Wales. The registered office is Britannia Road, Goole, DN14 6ET.

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.

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
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

When assessing the foreseeable future, the directors have looked at the period of 12 months following the signing of these financial statements, considering factors likely to affect the future development and performance including cash flows, liquidity and principal risks and uncertainties relating to its business activities. The directors continue to monitor the ever-changing situation and continue to evaluate the company's ability to continue to trade on an ongoing and foreseeable basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 12 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% per annum straight line
Plant and equipment
25% per annum straight line
Fixtures and fittings
25% per annum straight line
Computers
25% per annum straight line
Motor vehicles
25% per annum straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 13 -
1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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 and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 14 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks 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 profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 15 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Stock provision

At the end of the reporting period, management calculate a stock provision based on the age of each item. The value of stock in the accounts is recorded net of this provision.

3
Turnover
2025
2024
£
£
Turnover analysed by geographical market
UK
7,992,915
8,682,549
Europe
646,589
1,150,112
Rest of world
652,793
277,328
9,292,297
10,109,989
4
Exceptional item
2025
2024
£
£
Expenditure
Exceptional item - Recruitment costs
-
36,800
5
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses
5,026
4,132
Fees payable to the company's auditor for the audit of the company's financial statements
21,525
8,000
Depreciation of owned tangible fixed assets
71,647
80,063
Profit on disposal of tangible fixed assets
(5,583)
-
Profit on disposal of intangible assets
-
(500)
Operating lease charges
142,455
136,902
TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 16 -
6
Employees

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

2025
2024
Number
Number
Total
80
74

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,330,633
2,086,293
Social security costs
243,526
186,839
Pension costs
76,987
92,198
2,651,146
2,365,330
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
224,637
356,629
Company pension contributions to defined contribution schemes
7,333
36,717
231,970
393,346

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 4 (2024 - 4).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
119,515
107,891
Company pension contributions to defined contribution schemes
4,781
32,982
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
5,091
89
TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 17 -
9
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
2,290
-
Interest on invoice finance arrangements
36,761
-
0
39,051
-
Other finance costs:
Interest on finance leases and hire purchase contracts
2,701
1,774
41,752
1,774
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
151,620
286,614
Adjustments in respect of prior periods
(88,441)
-
0
Total current tax
63,179
286,614
Deferred tax
Origination and reversal of timing differences
8,331
11,677
Total tax charge
71,510
298,291

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
628,471
1,254,003
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
157,118
313,501
Tax effect of expenses that are not deductible in determining taxable profit
2,833
2,740
Adjustments in respect of prior years
(88,441)
60
Group relief
-
0
(19,114)
Other reliefs
-
0
1,104
Taxation charge for the year
71,510
298,291
TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 18 -
11
Dividends
2025
2024
£
£
Final paid
-
0
2,000,000
12
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024 and 30 September 2025
5,000
Amortisation and impairment
At 1 October 2024 and 30 September 2025
5,000
Carrying amount
At 30 September 2025
-
0
At 30 September 2024
-
0
13
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 October 2024
224,101
1,104,963
62,542
43,008
11,399
1,446,013
Additions
19,558
37,289
13,295
30,795
-
0
100,937
Disposals
-
0
-
0
-
0
-
0
(11,399)
(11,399)
At 30 September 2025
243,659
1,142,252
75,837
73,803
-
0
1,535,551
Depreciation and impairment
At 1 October 2024
116,483
1,044,490
47,480
29,177
11,399
1,249,029
Depreciation charged in the year
20,987
35,259
7,215
8,186
-
0
71,647
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(11,399)
(11,399)
At 30 September 2025
137,470
1,079,749
54,695
37,363
-
0
1,309,277
Carrying amount
At 30 September 2025
106,189
62,503
21,142
36,440
-
0
226,274
At 30 September 2024
107,618
60,473
15,062
13,831
-
0
196,984
TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 19 -
14
Stocks
2025
2024
£
£
Raw materials and consumables
947,723
904,827
Finished goods and goods for resale
239,225
291,402
1,186,948
1,196,229
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,401,608
1,962,016
Amounts owed by group undertakings
4,322,756
314,360
Other debtors
174,291
2,666,206
Prepayments and accrued income
58,486
17,216
5,957,141
4,959,798
16
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Obligations under finance leases
17
39,142
3,186
Trade creditors
885,610
1,055,422
Corporation tax
-
0
44,740
Other taxation and social security
200,002
256,958
Other creditors
33,220
19,264
Accruals and deferred income
179,089
181,597
1,337,063
1,561,167
17
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
39,142
3,186

Finance lease payments represent rentals payable by the company for certain items of leasehold improvements. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 20 -
18
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
31,248
22,917
2025
Movements in the year:
£
Liability at 1 October 2024
22,917
Charge to profit or loss
8,331
Liability at 30 September 2025
31,248
19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
76,987
92,198

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

20
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,134
1,134
1,134
1,134
TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 21 -
21
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
188,458
185,351
Between two and five years
365,524
487,531
In over five years
-
0
2,371
553,982
675,253
22
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Entities with control, joint control or significant influence over the company
-
0
-
0
75,600
72,000
Other related parties
6,257
-
0
177,047
135,000
23
Ultimate controlling party

The immediate parent is Technikraft Holdings Limited and ultimate parent is PHD Industrial Holdings Limited, a company incorporated in England and Wales.

PHD Industrial Holdings Limited is owned by a number of private shareholders and companies and no one person with significant control. Accordingly, there is no ultimate controlling company.

The parent of the smallest and largest group in which these financial statements are consolidated are PHD Industrial Holdings Limited, registered office 7400 Daresbury Park, Daresbury, Warrington, England, WA4 4BS. These financial statements may be obtained from Registrar of Companies, Companies Registration Office, Crown Way, Cardiff, CF14 3UZ.

TECHNIKRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 22 -
24
Cash (absorbed by)/generated from operations
2025
2024
£
£
Profit for the year after tax
556,961
955,712
Adjustments for:
Taxation charged
71,510
298,291
Finance costs
41,752
1,774
Investment income
(5,091)
(89)
Gain on disposal of tangible fixed assets
(5,583)
-
Gain on disposal of intangible assets
-
(500)
Depreciation and impairment of tangible fixed assets
71,647
80,063
Movements in working capital:
Decrease/(increase) in stocks
9,281
(53,523)
(Increase)/decrease in debtors
(997,343)
866,450
(Decrease)/increase in creditors
(215,320)
163,816
Cash (absorbed by)/generated from operations
(472,186)
2,311,994
25
Analysis of changes in net funds
1 October 2024
Cash flows
30 September 2025
£
£
£
Cash at bank and in hand
1,012,388
(676,164)
336,224
Obligations under finance leases
(3,186)
(35,956)
(39,142)
1,009,202
(712,120)
297,082
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