REGISTERED NUMBER: 07797243 (England and Wales)

Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 July 2025

for

TecQuipment Holdings Limited

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

DIRECTORS:

S R Woods

Mrs S J Dean

REGISTERED OFFICE:

Bonsall Street

Long Eaton

Nottinghamshire

NG10 2AN

REGISTERED NUMBER:

07797243 (England and Wales)

AUDITORS:

Charnwood Accountants & Business Advisors LLP

Statutory Auditor

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

The directors present their strategic report of the company and the group for the year ended 31 July 2025.

REVIEW OF BUSINESS

The principal activity of the group is the design, manufacture, installation and support of technical teaching equipment for scientific and engineering applications, primarily supplied to universities and higher education institutions worldwide. The group operates primarily from the United Kingdom and serves a global customer base.

This review provides a fair overview of the group's business, its development and performance during the financial year, and its position at the year end.

Results and performance

The results of the Group for the year show a profit on ordinary activities before tax of £0.5 million (2024 - £1.0 million).

This is before the contribution made to the Employee Ownership Trust of £0.4 million during the year (2024 - £0.4 million) which is reported in the statement of changes in equity. The distributable shareholders' funds of the Group following the payment to the Employee Ownership Trust total of £1.94 million (2024 - £1.96 million).

The results reflect the challenging economic and political conditions experienced during the year. The group has

continued to focus on cost control while maintaining investment in key areas, including staff development, product

development, and customer support.

Business environment

Turnover for the year decreased slightly compared to the prior year, reflecting market conditions. However, the group has maintained a pipeline of opportunities which is expected to support future activity.

The directors consider that the group remains well positioned within its market. Its international customer base reduces dependence on any single geographic market and supports the resilience of the business.

PRINCIPAL RISKS AND UNCERTAINTIES

The process of risk management is applied through a combination of policies, procedures and internal controls. All policies are subject to Board approval and ongoing review by management. Compliance with regulation, legal and ethical standards is a high priority for the Group to ensure they are able to continue trading. The finance team is

responsible for ensuring that effective internal controls exist to manage the financial risks and that these controls operate effectively for the benefit of the business.

The principal risks from our business are as follows:

Price risk: Whilst the Group transacts with other UK entities, much of turnover is export therefore the main uncertainty is around the threat of fluctuations in foreign exchange rates, the unpredictability of the overseas territories in which we operate and the threat of low-cost competitors emerging in foreign markets offering cheaper alternatives.

Competitor risk: The Group operates in a highly competitive market with advancements in the use and application of

technology being fast moving. As such the Group has to ensure we are balancing both customer requirements and market pressures to be able to deliver a suitable product solution to the marketplace.

Liquidity risk and going concern: The Group regularly monitors its liquidity position to ensure that sufficient funds are

available to meet both current and future working capital requirements.

Economic risk: The Group's trading is broadly linked to the performance of the UK economy and therefore, is exposed to recessionary risk when economies come into difficulties. To mitigate such a risk, management regularly review the market to assess the potential impact on the business operations.

Currency risk: Our current business model and worldwide customer base means that exports represent a significant proportion of our overall trading activity and as such the Group is exposed to fluctuations in foreign currency (this principally being US dollars). The Group currently adopts a strategy to hedge against this risk by holding a proportion of its cash in foreign currency bank accounts as well as transacting in those key currencies noted above.

Credit risk: The Group assess the credit risk of all customers at the quoting stage of the sales cycle by ensuring that we deal with long-established trading partners in our current geographical territories, agents and university backed entities which we consider the risk of a default arising to be low.

Research & development: The Group remains committed to continued investment in the development of its product range in order to meet evolving customer requirements. The principal risk in this area is that market and technological advancements may render existing products obsolete. To mitigate this risk, the Group maintains a structured and forward-looking research and development programme, ensuring that appropriate levels of investment are sustained.

With the above business risks and uncertainties in mind, we are aware that any plans for the future development of the business may be subject to unforeseen future events outside of our control.

FUTURE DEVELOPMENTS

The Group remains committed to the ongoing development of its product range and to strengthening its position within the market. Investment in fixed assets and personnel will continue where appropriate. The directors are confident in the group's ability to manage its principal risks effectively and to maintain operational continuity for the foreseeable future.

KEY PERFORMANCE INDICATORS

We consider that our key financial performance indicators are those that communicate the financial performance and strength of the Group, these being turnover, gross margin and operating profit.

During the year, the Group experienced a 12% reduction in revenue, with turnover decreasing to £9.0 million (2024: £10.2 million), reflecting prevailing market conditions. As a business with a significant proportion of revenue derived from export markets, the Group continued to benefit from the relative weakness of sterling against the US dollar.

Gross margin increased marginally to 58% (2024: 57.9%), primarily as a result of increased production costs. Throughout the year, the Group maintained a disciplined approach to cost control, with particular focus on managing overheads and operating expenses in order to mitigate the impact of rising costs, especially those relating to staffing.

Notwithstanding the decline in turnover, profit before taxation decreased to £0.5 million (2024: £1.0 million), and profit after taxation reduced to £0.38 million (2024: £0.74 million), reflecting both the lower revenue base and the impact of an increased corporation tax rate.

ON BEHALF OF THE BOARD:

S R Woods - Director

23 April 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 July 2025.

DIVIDENDS

No dividends will be distributed for the year ended 31 July 2025.

An EOT distribution was made during the year totalling £0.4m (2024 - £0.4m).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 August 2024 to the date of this report.

S R Woods

Mrs S J Dean

Other changes in directors holding office are as follows:

J Chicken - resigned 18 July 2025

BRANCHES OUTSIDE THE UK

The group includes the following foreign subsidiary undertaking at the reporting date:

Tecquipment Asia SDN. BHD. incorporated in Malaysia; registered office: Level 33A, Menara 1MK, Kompleks 1 Mont Kiara, No.1, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, W.P. Kuala Lumpur.

DISCLOSURE IN THE STRATEGIC REPORT

The Group has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of future developments and financial instruments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Charnwood Accountants & Business Advisors LLP, have expressed their willingness to continue in office as auditors and will be proposed for re-appointment at the forthcoming Annual General Meeting in accordance with Section 485 & 487 of the Companies Act 2006.

ON BEHALF OF THE BOARD:

S R Woods - Director

23 April 2026

Opinion

We have audited the financial statements of TecQuipment Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 group's and of the parent company affairs as at 31 July 2025 and of the group's 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 other 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 group's and the parent 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 directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions on other matters prescribed by the Companies Act 2006

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

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

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

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

-	the parent company 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 Statement of Directors' Responsibilities set out on page five, 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 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the Financial Statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the Financial Statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the Financial Statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs(UK).The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. As such material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment and or collusion.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks that the group operates in and how the group are complying with the legal and regulatory frameworks. Focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and UK tax legislation;

We inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;

We discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the Financial Statements may be susceptible to fraud, having obtained an understanding of the effectiveness of the control environment.

The engagement partner assessed that the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations.

We assessed the susceptibility of the group's financial statements to material misstatement, including how fraud might occur, by evaluating management's incentives and opportunities for manipulation of the financial statements. This included the evaluation of the risk of management override of controls. In assessing the potential risks of material misstatement, we obtained an understanding of the group's operations, including the nature of its income and expenditure together with its objectives and strategies to understand the classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement. Also on the group's control environment, including the policies and procedures implemented by the group to ensure compliance with the requirements of the financial reporting framework.

We determined that the principal risk in relation to areas of increased management judgement, which could be impacted by management bias, was through the use of journal entries that increase revenues in order to inflate results of the group and could help justify any performance related pay.

Our audit procedures involved:

The evaluation of the design effectiveness of controls that the group has in place to prevent and detect fraud;

To undertake journal entry testing, with a focus on higher risk journal, such as, posted by senior management, journals with unusual attributes, journals without any descriptions, journals posted by staff not in the approved list of journals posting and closing journals posted during the preparation of the financial statements, which are material and not reoccurring or common postings which fall outside of the auditor's expectations. Together with assessing whether the judgments made in making accounting estimates are indicative of a potential bias.

In response to the risk of irregularities and non-compliance with laws and regulations our procedures included, but which were not limited to;

Enquiring of management as to actual and potential litigation and claims against the group;

Completing a review of relevant legal and professional costs within the accounting records for any evidence of previously un-detected or un-reported instances of non-compliance.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Anna Brocklehurst (Senior Statutory Auditor)

for and on behalf of Charnwood Accountants & Business Advisors LLP

Statutory Auditor

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

23 April 2026

TURNOVER

3

8,965,493

10,205,799

Cost of sales

3,757,957

4,291,912

GROSS PROFIT

5,207,536

5,913,887

Administrative expenses

4,769,723

4,939,160

437,813

974,727

Other operating income

13,500

13,500

OPERATING PROFIT

5

451,313

988,227

Interest receivable and similar income

48,077

22,667

499,390

1,010,894

Interest payable and similar expenses

6

-

(87

)

PROFIT BEFORE TAXATION

499,390

1,010,981

Tax on profit

7

123,862

262,640

PROFIT FOR THE FINANCIAL YEAR

375,528

748,341

Profit attributable to:

Owners of the parent

375,528

748,341

PROFIT FOR THE YEAR

375,528

748,341

OTHER COMPREHENSIVE INCOME

Currency translation adjustment

439

-

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

439

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

375,967

748,341

Total comprehensive income attributable to:

Owners of the parent

375,967

748,341

FIXED ASSETS

Intangible assets

9

177,823

158,111

Tangible assets

10

960,382

1,005,412

Investments

11

-

-

1,138,205

1,163,523

CURRENT ASSETS

Stocks

12

2,658,870

2,511,971

Debtors

13

1,719,789

1,078,026

Cash at bank and in hand

1,782,007

2,077,196

6,160,666

5,667,193

CREDITORS

Amounts falling due within one year

14

2,264,901

1,762,992

NET CURRENT ASSETS

3,895,765

3,904,201

TOTAL ASSETS LESS CURRENT LIABILITIES

5,033,970

5,067,724

PROVISIONS FOR LIABILITIES

16

193,915

203,640

NET ASSETS

4,840,055

4,864,084

CAPITAL AND RESERVES

Called up share capital

17

1,464

1,464

Share premium

18

2,603,724

2,603,724

Revaluation reserve

18

290,553

300,736

Other reserves

18

439

-

Retained earnings

18

1,943,875

1,958,160

SHAREHOLDERS' FUNDS

4,840,055

4,864,084

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

S R Woods - Director

Mrs S J Dean - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

3,735,124

3,558,017

3,735,124

3,558,017

CURRENT ASSETS

Debtors

13

186,170

368,187

Cash at bank

1,903

909

188,073

369,096

CREDITORS

Amounts falling due within one year

14

1,751

1,668

NET CURRENT ASSETS

186,322

367,428

TOTAL ASSETS LESS CURRENT LIABILITIES

3,921,446

3,925,445

CAPITAL AND RESERVES

Called up share capital

17

1,464

1,464

Share premium

18

2,603,724

2,603,724

Retained earnings

18

1,316,258

1,320,257

SHAREHOLDERS' FUNDS

3,921,446

3,925,445

Company's profit for the financial year

395,997

397,187

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

S R Woods - Director

Mrs S J Dean - Director

Called up

share

Retained

Share

capital

earnings

premium

£

£

£

Balance at 1 August 2023

1,464

1,599,632

2,603,724

Changes in equity

Profit for the year

-

748,341

-

Other comprehensive income

-

(389,813

)

-

Total comprehensive income

-

358,528

-

Balance at 31 July 2024

1,464

1,958,160

2,603,724

Changes in equity

Profit for the year

-

375,528

-

Other comprehensive income

-

(389,813

)

-

Total comprehensive income

-

(14,285

)

-

Balance at 31 July 2025

1,464

1,943,875

2,603,724

Revaluation

Other

Total

reserve

reserves

equity

£

£

£

Balance at 1 August 2023

310,919

-

4,515,739

Changes in equity

Profit for the year

-

-

748,341

Other comprehensive income

(10,183

)

-

(399,996

)

Total comprehensive income

(10,183

)

-

348,345

Balance at 31 July 2024

300,736

-

4,864,084

Changes in equity

Profit for the year

-

-

375,528

Other comprehensive income

(10,183

)

439

(399,557

)

Total comprehensive income

(10,183

)

439

(24,029

)

Balance at 31 July 2025

290,553

439

4,840,055

Called up

share

Retained

Share

Total

capital

earnings

premium

equity

£

£

£

£

Balance at 1 August 2023

1,464

1,323,066

2,603,724

3,928,254

Changes in equity

Profit for the year

-

397,187

-

397,187

Other comprehensive income

-

(399,996

)

-

(399,996

)

Total comprehensive income

-

(2,809

)

-

(2,809

)

Balance at 31 July 2024

1,464

1,320,257

2,603,724

3,925,445

Changes in equity

Profit for the year

-

395,997

-

395,997

Other comprehensive income

-

(399,996

)

-

(399,996

)

Total comprehensive income

-

(3,999

)

-

(3,999

)

Balance at 31 July 2025

1,464

1,316,258

2,603,724

3,921,446

Cash flows from operating activities

Cash generated from operations

1

381,781

1,376,897

Interest paid

-

87

Tax paid

(238,013

)

(93,183

)

Net cash from operating activities

143,768

1,283,801

Cash flows from investing activities

Purchase of intangible fixed assets

(14,821

)

-

Purchase of tangible fixed assets

(72,217

)

(61,801

)

Interest received

48,077

22,667

Net cash from investing activities

(38,961

)

(39,134

)

Cash flows from financing activities

Contribution to Employee Ownership Trust

(399,996

)

(399,996

)

Net cash from financing activities

(399,996

)

(399,996

)

(Decrease)/increase in cash and cash equivalents

(295,189

)

844,671

Cash and cash equivalents at beginning of year

2

2,077,196

1,232,525

Cash and cash equivalents at end of year

2

1,782,007

2,077,196

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.7.25

31.7.24

£

£

Profit before taxation

499,390

1,010,981

Depreciation charges

112,094

97,611

Finance costs

-

(87

)

Finance income

(48,077

)

(22,667

)

563,407

1,085,838

Increase in stocks

(146,899

)

(220,408

)

(Increase)/decrease in trade and other debtors

(641,763

)

536,411

Increase/(decrease) in trade and other creditors

607,036

(24,944

)

Cash generated from operations

381,781

1,376,897

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2025

31.7.25

1.8.24

£

£

Cash and cash equivalents

1,782,007

2,077,196

Year ended 31 July 2024

31.7.24

1.8.23

£

£

Cash and cash equivalents

2,077,196

1,232,525

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.8.24

Cash flow

At 31.7.25

£

£

£

Net cash

Cash at bank and in hand

2,077,196

(295,189

)

1,782,007

2,077,196

(295,189

)

1,782,007

Total

2,077,196

(295,189

)

1,782,007

1.	STATUTORY INFORMATION

TecQuipment Holdings Limited 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 General Information page.

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

The nature of the Company and Group’s operations together with its principal activities are set out in the Strategic Report.

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" and the Companies Act 2006 and under the provision of The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2 below.

These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

Having completed their assessment, the directors have concluded that there are no material uncertainties that cast significant doubt about the ability of the Group to continue as a going concern.

The Group meets its day-to-day working capital requirements through its bank facilities and using existing cash and has not required any additional funds in order ot continue to be operational. The Group’s forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group should be able to operate within the level of its current facilities and available working capital levels.

The Group's business activities, together with the factors likely to affect its future development and financial position have been documented in the strategic report. The Group currently has sufficient financial resources together with strong relationships spread over a number of customers to enable future growth to continue.

After making enquiries, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial statements.