NEUTRONIC TECHNOLOGIES LIMITED


Director	GALLANT, Neil Matthew


Company Secretary	GALLANT, Neil Matthew


Registered Address	Unit 10, Eagle Park Drive, Warrington
	Eagle Park Drive
	Warrington
	WA2 8JA


Registered Number	04294031 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1		1,427
Tangible assets	4		582,954		691,655
			582,955		693,082
Current assets
Debtors		1,053,861		839,723
Cash at bank and on hand		67,968		142,809
		1,121,829		982,532
Prepayments and accrued income		19,659		50,264
Creditors amounts falling due within one year	5	(1,373,023)		(1,170,920)
Net current assets (liabilities)			(231,535)		(138,124)
Total assets less current liabilities			351,420		554,958
Creditors amounts falling due after one year	6		(363,330)		(500,480)
Net assets			(11,910)		54,478
Capital and reserves
Called up share capital			100		100
Profit and loss account			(12,010)		54,378
Shareholders' funds			(11,910)		54,478

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 20 May 2026, and are signed on its behalf by:

GALLANT, Neil Matthew
Director
Registered Company No. 04294031

NEUTRONIC TECHNOLOGIES LIMITED

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Land and buildings	20
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	15
	Office Equipment	20

2.	Average number of employees


		2025		2024
	Average number of employees during the year	37		38

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 September 24	13,947	13,947
At 31 August 25	13,947	13,947
Amortisation and impairment
At 01 September 24	12,520	12,520
Charge for year	1,426	1,426
At 31 August 25	13,946	13,946
Net book value
At 31 August 25	1	1
At 31 August 24	1,427	1,427

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 September 24	83,503	437,216	621,109	35,273	74,789	1,251,890
Additions	12,737	39,638	93,635	886	2,018	148,914
Disposals	(43,210)	(150,667)	(97,478)	(12,925)	-	(304,280)
At 31 August 25	53,030	326,187	617,266	23,234	76,807	1,096,524
Depreciation and impairment
At 01 September 24	29,598	222,451	224,318	24,117	59,751	560,235
Charge for year	25,780	54,773	67,904	4,713	3,396	156,566
On disposals	(43,210)	(90,101)	(56,995)	(12,925)	-	(203,231)
At 31 August 25	12,168	187,123	235,227	15,905	63,147	513,570
Net book value
At 31 August 25	40,862	139,064	382,039	7,329	13,660	582,954
At 31 August 24	53,905	214,765	396,791	11,156	15,038	691,655

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	458,657	481,660
Bank borrowings and overdrafts	654,934	484,320
Taxation and social security	256,439	167,620
Other creditors	-	30,000
Accrued liabilities and deferred income	2,993	7,320
Total	1,373,023	1,170,920

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	80,000	177,301
Other creditors	283,330	323,179
Total	363,330	500,480

7.	Secured creditors
	At the year end, the company’s creditors included secured liabilities totalling £931,234 (2024: £836,255). These balances comprise hire purchase obligations amounting to £283,330 (2024: £362,853) and amounts due to invoice financing of £647,904 (2024: £473,402). All secured debts are supported by charges over the company’s assets in accordance with the respective finance agreements.

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	283,330		323,179


	Minimum lease payments under hire purchase agreements are payable within one year in the amount of £127,877, with a further £155,453 due between one and five years.