REGISTERED NUMBER: 06462959 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Sayers Road Tankers Engineering

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Allinson

B C Sayer

REGISTERED OFFICE:

Tutin Road

Leeming Bar Industrial Estate

NORTHALLERTON

North Yorkshire

DL7 9UJ

REGISTERED NUMBER:

06462959 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

348,014

206,900

CURRENT ASSETS

Stocks

5

1,907,873

2,061,674

Debtors

6

2,352,783

2,400,742

Cash at bank and in hand

229,057

19

4,489,713

4,462,435

CREDITORS

Amounts falling due within one year

7

2,577,054

2,810,903

NET CURRENT ASSETS

1,912,659

1,651,532

TOTAL ASSETS LESS CURRENT LIABILITIES

2,260,673

1,858,432

PROVISIONS FOR LIABILITIES

10

72,750

30,798

NET ASSETS

2,187,923

1,827,634

CAPITAL AND RESERVES

Called up share capital

11

101

202

Capital redemption reserve

101

-

Retained earnings

2,187,721

1,827,432

SHAREHOLDERS' FUNDS

2,187,923

1,827,634

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2026 and were signed on its behalf by:

J C Allinson - Director

B C Sayer - Director

1.	STATUTORY INFORMATION

Sayers Road Tankers Engineering 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 Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from this standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group, nor transactions conducted at a market rate.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Income recognition

Turnover is recognised when goods are dispatched or made available to the customer or by reference to the stage of completion of services being rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

2% - 15% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Stock and work in progress

Stock is valued at the lower of cost and net realisable value. Work in progress is valued at the cost incurred for parts and at the value of the work done to the relevant stage of completion for labour. Where losses are anticipated, then full provision is made.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

406,816

507,062

75,915

5,749

995,542

Additions

-

111,621

3,625

95,982

211,228

Disposals

-

-

-

(12,542

)

(12,542

)

At 31 October 2025

406,816

618,683

79,540

89,189

1,194,228

DEPRECIATION

At 1 November 2024

406,812

307,873

72,247

1,710

788,642

Charge for year

-

45,529

1,560

12,422

59,511

Eliminated on disposal

-

-

-

(1,939

)

(1,939

)

At 31 October 2025

406,812

353,402

73,807

12,193

846,214

NET BOOK VALUE

At 31 October 2025

4

265,281

5,733

76,996

348,014

At 31 October 2024

4

199,189

3,668

4,039

206,900

5.

STOCKS

2025

2024

£

£

Stocks

668,089

645,495

Work-in-progress

1,239,784

1,416,179

1,907,873

2,061,674

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

882,341

502,114

Amounts owed by related undertakings

1,441,990

1,793,730

Other debtors

4,869

74,998

Director's current account

5,300

-

Prepayments and accrued income

18,283

29,900

2,352,783

2,400,742

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

207,102

Trade creditors

1,152,247

982,779

Amounts owed to group undertakings

3,900

-

Taxation and social security

487,938

449,004

Other creditors

32,968

48,658

Accruals and deferred income

900,001

1,123,360

2,577,054

2,810,903

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

164,715

-

Between one and five years

658,860

-

In more than five years

727,491

-

1,551,066

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

155,250

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

72,750

30,798

Deferred

tax

£

Balance at 1 November 2024

30,798

Accelerated capital allowances

41,952

Balance at 31 October 2025

72,750

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

101

Ordinary

£1

101

101

NIL

A Ordinary

£1

-

101

101

202

During the year the company purchased, and subsequently cancelled, the A Ordinary shares for nominal value.

12.	CONTINGENT LIABILITIES

There is a group guarantee in place between SRTE Holdings Limited and Sayers Road Tankers Engineering Limited in respect of their banking facilities. At the balance sheet date SRTE Holdings Limited had bank loans of £451,210.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

J C Allinson

Balance outstanding at start of year

-

-

Amounts advanced

3,500

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,500

-

B C Sayer

Balance outstanding at start of year

-

-

Amounts advanced

1,800

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,800

-

No interest has been charged and there are no formal repayments terms.

14.	PARENT COMPANY

On 28 March 2025 the company became a wholly owned subsidiary of SRTE Holdings Limited, registered office Unit 6 Tutin Road, Leeming Bar Industrial Estate, Northallerton DL7 9UJ.