TechPoint Fast Track Solutions Limited Company accounts

COMPANY REGISTRATION NUMBER: 02048176

TechPoint Fast Track Solutions Limited

Financial Statements

For the year ended

30 July 2025

TechPoint Fast Track Solutions Limited

Financial Statements

Year ended 30 July 2025

Contents	Page

Officers and professional advisers	1

Directors' report	2

Directors' responsibilities statement	4

Independent auditor's report to the members	5

Income statement	10

Statement of financial position	11

Statement of changes in equity	12

Notes to the financial statements	13

TechPoint Fast Track Solutions Limited

Officers and Professional Advisers

The board of directors	D A Croft
	G Wearing
	J Drake
	P Duffill

Company secretary	S Wing

Registered office	Unit 1 V Park
	Jays Close
	Basingstoke
	Hampshire
	England
	RG22 4PF

Auditor	Streets Audit LLP
	Chartered accountants & statutory auditor
	Enterprise House
	38 Tyndall Court
	Commerce Road
	Lynch Wood
	Peterborough
	Cambridgeshire
	PE2 6LR

TechPoint Fast Track Solutions Limited

Directors' Report

Year ended 30 July 2025

The directors present their report and the financial statements of the company for the year ended 30 July 2025 .

Principal activities

During the year, the principal activity of the company was the design and manufacture of electronic products. As part of the TechPoint Group restructuring programme, the trade and assets of the company were transferred to TechPoint Electronic Solutions Limited on 1 December 2025. Following this transfer, the company ceased trading and is expected to remain dormant.

Directors

The directors who served the company during the year were as follows:

D A Croft
G Wearing
J Drake
P Duffill

Events after the end of the reporting period

Particulars of events after the reporting date are detailed in note 12 to the financial statements.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Small company provisions

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

This report was approved by the board of directors on 29 April 2026 and signed on behalf of the board by:

J Drake

Director

TechPoint Fast Track Solutions Limited

Directors' Responsibilities Statement

Year ended 30 July 2025

The directors are responsible for preparing the directors' 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 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 judgments 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.

TechPoint Fast Track Solutions Limited

Independent Auditor's Report to the Members of TechPoint Fast Track Solutions Limited

Year ended 30 July 2025

Opinion

We have audited the financial statements of TechPoint Fast Track Solutions Limited (the 'company') for the year ended 30 July 2025 which comprise the income statement, statement of financial position, statement of changes in equity and the related notes, 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 FRS 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 July 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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's 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 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

We draw your attention to note 3 of the financial statements which explains that the company has transferred its trade and assets to Techpoint Electronic Solutions Limited, a fellow group company, after the year and the company has ceased to trade and has become dormant. The directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 3. Our opinion is not modified in respect of this matter.

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. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. 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; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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's 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and sector in which it operates; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation. - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias; and - investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. 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. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 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.

Jonathan Day

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered accountants & statutory auditor

Enterprise House

38 Tyndall Court

Commerce Road

Lynch Wood

Peterborough

Cambridgeshire

PE2 6LR

29 April 2026

TechPoint Fast Track Solutions Limited

Income Statement

Year ended 30 July 2025

	2025	2024
Note	£	£
Turnover	4,861,157	4,692,806

Cost of sales	( 3,086,471)	( 3,161,632)
	-------------	-------------
Gross profit	1,774,686	1,531,174

Administrative expenses	( 910,965)	( 1,035,874)
	-------------	-------------
Operating profit	863,721	495,300

Waive of intercompany loan		( 500,000)	–
Interest payable and similar expenses		( 22,957)	( 13,108)
		-------------	-------------
Profit before taxation	6	340,764	482,192

Tax on profit	33,639	17,165
	----------	----------
Profit for the financial year	374,403	499,357
	----------	----------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

TechPoint Fast Track Solutions Limited

Statement of Financial Position

30 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	7	202,419	307,723

Current assets

Stocks		671,260	608,970
Debtors	8	3,019,508	2,901,079
Cash at bank and in hand		175,931	233,913
		-------------	-------------
		3,866,699	3,743,962

Creditors: amounts falling due within one year	9	1,169,685	1,488,218
		-------------	-------------
Net current assets		2,697,014	2,255,744
		-------------	-------------
Total assets less current liabilities		2,899,433	2,563,467

Provisions	193,079	231,516
	-------------	-------------
Net assets	2,706,354	2,331,951
	-------------	-------------

Capital and reserves

Called up share capital	200	200
Profit and loss account	2,706,154	2,331,751
	-------------	-------------
Shareholders funds	2,706,354	2,331,951
	-------------	-------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

J Drake

Director

Company registration number: 02048176

TechPoint Fast Track Solutions Limited

Statement of Changes in Equity

Year ended 30 July 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 August 2023	200	1,832,394	1,832,594

Profit for the year		499,357	499,357
	----	-------------	-------------
Total comprehensive income for the year	–	499,357	499,357

At 30 July 2024	200	2,331,751	2,331,951

Profit for the year		374,403	374,403
	----	-------------	-------------
Total comprehensive income for the year	–	374,403	374,403

	----	-------------	-------------
At 30 July 2025	200	2,706,154	2,706,354
	----	-------------	-------------

TechPoint Fast Track Solutions Limited

Notes to the Financial Statements

Year ended 30 July 2025

1. General information

TechPoint Fast Track Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12-14 Brooklands, Woburn Road Industrial Estate, Kempston, Bedford, England, MK42 7UH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in Sterling, which is the functional currency of the entity.

Going concern

As part of the TechPoint Group's restructuring programme to simplify the legal entity structure and consolidate operations into a single operational trading entity, the Directors approved the transfer of the trade and assets of the company to TechPoint Electronic Solutions Limited, a fellow Group undertaking. This transfer was completed on 1 December 2025. Following this transfer, the company ceased to trade and is expected to remain dormant for the foreseeable future. As a result, the Directors consider that it is not appropriate to prepare the financial statements on a going concern basis. These financial statements have therefore been prepared on a basis other than going concern. The carrying values of assets and liabilities have been reviewed and no adjustments were considered necessary as a result of this basis of preparation.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Techpoint Group Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.

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 year in which the estimate is revised where the revision affects any that year, or in the year 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. Depreciation charge The annual depreciation charge for each class of tangible fixed asset is based on an estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors. Stock provision The company sells products which are subject to changing consumer demands. As a result it is necessary to consider the recoverability of the cost of the stock and the associated provision required. When calculating the provision, management considers the nature and age of the stock as well as applying assumptions around anticipated saleability of stock. Dilapidation provision A provision for dilapidation costs has been included based on the best estimate of costs to be incurred at the end of the lease to reinstate the condition of the company's leased premises. This has been based on third party surveyor reports and discounting to amortised cost applying an appropriate rate. Warranty provision A warranty provision for finished goods is included in the financial statements based on expected returns.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% straight line and 25% straight line
Fixtures and fittings	-	25% straight line
Equipment	-	25 % 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.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	–	7,725
	----	-------

There was no auditors’ remuneration charged to the Company during the current year (2024: £7,725). The audit fee for the current year was borne by group company TechPoint Shared Services Limited, as part of a centralised cost arrangement

5. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2024: 29 ).

6. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	111,580	95,921
Operating lease charges	74,430	74,508
	----------	---------

7. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 31 July 2024	1,433,167	110,156	165,358	1,708,681
Additions	6,276	–	–	6,276
	-------------	----------	----------	-------------
At 30 July 2025	1,439,443	110,156	165,358	1,714,957
	-------------	----------	----------	-------------
Depreciation
At 31 July 2024	1,202,536	82,332	116,090	1,400,958
Charge for the year	85,891	7,759	17,930	111,580
	-------------	----------	----------	-------------
At 30 July 2025	1,288,427	90,091	134,020	1,512,538
	-------------	----------	----------	-------------
Carrying amount
At 30 July 2025	151,016	20,065	31,338	202,419
	-------------	----------	----------	-------------
At 30 July 2024	230,631	27,824	49,268	307,723
	-------------	----------	----------	-------------

8. Debtors

	2025	2024
	£	£
Trade debtors	738,884	546,614
Amounts owed by group undertakings	2,232,142	2,211,297
Other debtors	48,482	143,168
	-------------	-------------
	3,019,508	2,901,079
	-------------	-------------

Included in trade debtors are debts of £738,884 (2024 - £546,614) which are subject to a financing facility with Investec Bank Limited.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	124,434	449,696
Trade creditors	498,130	381,083
Amounts owed to group undertakings	376,762	368,403
Social security and other taxes	133,053	123,586
Other creditors	37,306	165,450
	-------------	-------------
	1,169,685	1,488,218
	-------------	-------------

Bank loans relate to invoice factoring which is secured over trade debtors of the company.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	19,700	34,475
	---------	---------

11. Financial commitments,guarantees and contingent liabilities

The company together with the following fellow group member Pod Bidco Limited, TechPoint Shared Services Limited, Golledge Electronics Limited, Interconics Limited (formerly TechPoint Manufacturing Solutions (Melksham) Limited) and TechPoint Electronic Solutions Limited entered a cross guarantee with Investec Bank in respect of a fixed and floating charge over the assets of the companies. At 30 July 2025 the total amount covered by the cross guarantee amounted to £9,036,304 (2024 - £11,667,394).

12. Events after the end of the reporting period

On 1 December 2025, the company transferred all of its trade and assets to TechPoint Electronic Solutions Limited, a fellow Group company, as part of the wider TechPoint Group restructuring programme. This programme is designed to simplify the Group's legal entity structure and enable the Group to operate through a single trading entity, improving customer experience and providing access to the full breadth of Group capabilities through one supplier relationship. Following the transfer, the company ceased trading and will remain dormant for the foreseeable future.

13. Related party transactions

The company has taken advantage of the exemption available under FRS102 from reporting transactions with members of the group that are wholly owned.

14. Controlling party

The immediate parent company is considered to be Pod Bidco Limited, a company registered in England and Wales. The ultimate parent company is considered to be Literacy Capital PLC a company incorporated in England and Wales. TechPoint Group Limited is the smallest company in the group that produces group consolidated accounts.