Techneat Engineering Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01826948

Techneat Engineering Limited

Unaudited financial statements

31 October 2025

Techneat Engineering Limited

Statement of financial position

31 October 2025

	31 Oct 25		30 Nov 24
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,029,960		1,075,778

Current assets

Stocks		1,682,805	1,587,447
Debtors	6	1,497,499	1,118,340
Cash at bank and in hand		1,494,455	1,350,350
		-----------	-----------
		4,674,759	4,056,137

Creditors: Amounts falling due within one year	7	( 2,756,007)		( 2,234,377)
		-----------		-----------
Net current assets			1,918,752		1,821,760
			-----------		-----------
Total assets less current liabilities			2,948,712		2,897,538

Creditors: Amounts falling due after more than one year	8		( 128,437)		( 188,316)

Provisions

Taxation including deferred tax	( 256,888)	( 268,135)
	-----------	-----------
Net assets	2,563,387	2,441,087
	-----------	-----------

Capital and reserves

Called up share capital	200	200
Profit and loss account	2,563,187	2,440,887
	-----------	-----------
Shareholders funds	2,563,387	2,441,087
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

Techneat Engineering Limited

Statement of financial position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

T W Neat

Director

Company registration number: 01826948

Techneat Engineering Limited

Notes to the financial statements

Period from 1 December 2024 to 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Henry Crabb Road, Littleport, Ely, Cambridgeshire, CB6 1SE, England.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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 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. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount 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. Where services are rendered under a contract, revenue is recognised based on the stage of completion at the reporting date-provided the outcome can be reliably estimated. If not, revenue is recognised only to the extent that expenses incurred are expected to be recoverable.

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 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.

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:

Land and buildings	-	10% straight line
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at transaction price where the arrangement has no stated interest rate or repayment terms, otherwise it is measured at amortised cost using the effective interest rate method. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the period was 43 (2024: 33 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 December 2024	175,111	2,906,766	215,935	3,297,812
Additions	4,095	176,880	65,931	246,906
Disposals	–	( 15,422)	( 11,995)	( 27,417)
	---------	-----------	---------	-----------
At 31 October 2025	179,206	3,068,224	269,871	3,517,301
	---------	-----------	---------	-----------
Depreciation
At 1 December 2024	91,349	2,004,233	126,452	2,222,034
Charge for the period	17,708	237,633	33,481	288,822
Disposals	–	( 11,874)	( 11,641)	( 23,515)
	---------	-----------	---------	-----------
At 31 October 2025	109,057	2,229,992	148,292	2,487,341
	---------	-----------	---------	-----------
Carrying amount
At 31 October 2025	70,149	838,232	121,579	1,029,960
	---------	-----------	---------	-----------
At 30 November 2024	83,762	902,533	89,483	1,075,778
	---------	-----------	---------	-----------

6. Debtors

	31 Oct 25	30 Nov 24
	£	£
Trade debtors	1,367,932	980,384
Other debtors	129,567	137,956
	-----------	-----------
	1,497,499	1,118,340
	-----------	-----------

7. Creditors: Amounts falling due within one year

	31 Oct 25	30 Nov 24
	£	£
Bank loans and overdrafts	7,008	10,148
Trade creditors	709,854	646,263
Amounts owed to group undertakings	600,771	322,811
Social security and other taxes	341,183	191,553
Other creditors	1,097,191	1,063,602
	-----------	-----------
	2,756,007	2,234,377
	-----------	-----------

Included within other creditors are hire purchase liabilities totalling £58,340 (2024: £72,433) secured against the assets to which they relate.

8. Creditors: Amounts falling due after more than one year

	31 Oct 25	30 Nov 24
	£	£
Bank loans and overdrafts	–	6,285
Other creditors	128,437	182,031
	---------	---------
	128,437	188,316
	---------	---------

Included within other creditors are hire purchase liabilities totalling £127,871 (2024: £182,031) secured against the assets to which they relate.

9. Cross company guarantees

At the reporting date, the Company has provided a cross company guarantee to secure certain creditors of Rocket AG Ltd totalling £1,712,902.

10. Operating leases

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

	31 Oct 25	30 Nov 24
	£	£
Not later than 1 year	84,280	84,280
	-------	-------

11. Related party transactions

At the reporting date the Company had an outstanding loan balance of £600,771 (2024: £322,811) due to Rocket AG Ltd, the ultimate controlling party. The Company also had an outstanding loan balance of £726,917 (2024: £737,555) due to Techneat Holdings Limited, a related party by virtue of common control. The Company also had an outstanding loan balance of £223 (2024: £223) due from Robydome Properties Limited, a related party by virtue of common control. The loans are interest free, unsecured, and repayable on demand.