REGISTERED NUMBER: 01599946 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

TELCOAT LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

J Wright

SECRETARY:

Mrs J Wright

REGISTERED OFFICE:

Unit C4 - D4

Halesfield 23

Telford

Shropshire

TF7 4NY

REGISTERED NUMBER:

01599946 (England and Wales)

ACCOUNTANTS:

Grindrod & Company Limited

Salisbury House

11 Queen Street

Wellington

Telford

Shropshire

TF1 1EH

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Telcoat Limited for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Telcoat Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Telcoat Limited and state those matters that we have agreed to state to the director of Telcoat Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Telcoat Limited and its director for our work or for this report.

It is your duty to ensure that Telcoat Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Telcoat Limited. You consider that Telcoat Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Telcoat Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Grindrod & Company Limited

Salisbury House

11 Queen Street

Wellington

Telford

Shropshire

TF1 1EH

30 May 2026

FIXED ASSETS

Intangible assets

4

4,154

8,308

Tangible assets

5

446,439

465,908

450,593

474,216

CURRENT ASSETS

Debtors

6

167,192

150,514

Cash at bank

338,214

273,252

505,406

423,766

CREDITORS

Amounts falling due within one year

7

191,477

176,258

NET CURRENT ASSETS

313,929

247,508

TOTAL ASSETS LESS CURRENT LIABILITIES

764,522

721,724

PROVISIONS FOR LIABILITIES

6,823

8,528

NET ASSETS

757,699

713,196

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

757,599

713,096

SHAREHOLDERS' FUNDS

757,699

713,196

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2026 and were signed by:

J Wright - Director

1.	STATUTORY INFORMATION

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

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 12.5% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

and 31 August 2025

41,539

AMORTISATION

At 1 September 2024

33,231

Charge for year

4,154

At 31 August 2025

37,385

NET BOOK VALUE

At 31 August 2025

4,154

At 31 August 2024

8,308

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

632,099

485,787

1,117,886

DEPRECIATION

At 1 September 2024

200,323

451,655

651,978

Charge for year

12,642

6,827

19,469

At 31 August 2025

212,965

458,482

671,447

NET BOOK VALUE

At 31 August 2025

419,134

27,305

446,439

At 31 August 2024

431,776

34,132

465,908

The director has reviewed the carrying value of the freehold properties as at 31 August 2025 and he believes that in the current market place, they represents fair value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,969

37,200

Other debtors

123,223

113,314

167,192

150,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

24,018

24,197

Taxation and social security

47,891

32,593

Other creditors

119,568

119,468

191,477

176,258

During the year, the sole beneficiary of the defined contribution company pension scheme, Mr James Wright, who is also the sole shareholder and director of the company, instructed the company pension scheme to draw down the full value of the fund and then close the fund. The taxable element of the fund has been repaid to Telcoat Limited as the employer and is held by them awaiting instruction from Mr James Wright as to when he wishes any part of it to be paid to him.

The full amount of the taxable pension draw down is £118,318 and is currently held in the main limited company instant access deposit account. Since the sole beneficiary of the pension fund is the same person as the sole director and shareholder of the company, no independent investment advice regarding the pension fund has been taken.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

J Wright

Balance outstanding at start of year

65,940

48,736

Amounts advanced

29,814

43,704

Amounts repaid

(25,000

)

(26,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,754

65,940

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2024 - £26,500) were paid to the director .

The sole director and shareholder, Mr J Wright, is also the sole director and shareholder of Mistral Energy Products Limited and Telford Sheet Metal Limited. Both of these companies trade from adjacent commercial buildings owned by Telcoat Limited.

During the year Telcoat Limited made material, overhead, property and fixed asset recharges to these connected companies in order to recharge the respective element of those costs which related to each companies communal occupancy. These transactions have been undertaken on normal commercial terms.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Wright.

The ultimate controlling party is J Wright.