ACCOUNTS - Final Accounts preparation

Company registration number: 02760332

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2025

	CALTEST INSTRUMENTS LIMITED


CALTEST INSTRUMENTS LIMITED

COMPANY INFORMATION

Directors	K Voelcker
	S Harman


Registered number	02760332


Registered office	Unit 2 Viceroy Court
	Bedford Road
	Petersfield
	GU32 3LJ


Independent auditors	Menzies LLP
	Chartered Accountants & Statutory Auditor
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


CALTEST INSTRUMENTS LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 7


CALTEST INSTRUMENTS LIMITED REGISTERED NUMBER:02760332

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		33,472		-
Tangible assets	5		404,090		354,663
			437,562		354,663
Current assets
Stocks		219,492		257,044
Debtors: amounts falling due within one year	6	337,255		827,085
Cash at bank and in hand		342,945		284,710
		899,692		1,368,839
Creditors: amounts falling due within one year	7	(409,771)		(623,600)
Net current assets			489,921		745,239
Total assets less current liabilities			927,483		1,099,902
Provisions for liabilities
Deferred tax		(31,190)		(7,653)
			(31,190)		(7,653)
Net assets			896,293		1,092,249

Capital and reserves
Called up share capital	100	100
Profit and loss account	896,193	1,092,149
	896,293	1,092,249

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S Harman

Director

Date: 7 May 2026

The notes on pages 2 to 7 form part of these financial statements.

Page 1


CALTEST INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Caltest Instruments Limited is a private company limited by shares, incorporated in the United Kingdom under the
Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2


CALTEST INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Intangible assets are set to be amortised over a period of 5 years.

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


CALTEST INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.9

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	50 years straight line
Plant and machinery	-	4 years straight line
Motor vehicles	-	5 years straight line
Fixtures and fittings	-	5 years straight line
Equipment	-	3-4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4


CALTEST INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Employees

The average monthly number of employees, including directors, during the year was 12 (2024 - 11).

4.	Intangible assets

		Development expenditure
		£
	Cost
	Additions	33,472
	At 31 December 2025	33,472

	Net book value
	At 31 December 2025	33,472
	At 31 December 2024	-

Page 5


CALTEST INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Tangible fixed assets

	Freehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 January 2025	300,000	20,483	73,644	159,539	70,032	623,698
Additions	-	93,512	-	-	-	93,512
At 31 December 2025	300,000	113,995	73,644	159,539	70,032	717,210
Depreciation
At 1 January 2025	23,333	20,483	27,867	134,786	62,566	269,035
Charge for the year on owned assets	4,000	15,315	10,697	7,601	6,472	44,085
At 31 December 2025	27,333	35,798	38,564	142,387	69,038	313,120
Net book value
At 31 December 2025	272,667	78,197	35,080	17,152	994	404,090
At 31 December 2024	276,667	-	45,777	24,753	7,466	354,663

Page 6


CALTEST INSTRUMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	262,910	730,634
Amounts owed by group undertakings	32,704	10,811
Other debtors	30,603	21,425
Prepayments and accrued income	11,038	64,215
	337,255	827,085

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	60,098	210,975
Amounts owed to group undertakings	26,712	17,314
Other taxation and social security	125,616	185,936
Other creditors	20,428	7,177
Accruals and deferred income	176,917	202,198
	409,771	623,600

8.	Parent company

The parent of the smallest group for which consolidated financial statements are drawn up is PPST Inc. The registered office of the Parent company is 17692 Fitch Irvine, CA, 92614-6022, United States.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 8 May 2026 by Tom Woods FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 7