Engels Protechnic Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 2925732

Engels Protechnic Limited

Filleted Financial Statements

31 December 2025

Engels Protechnic Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	23,957	55,140
Tangible assets	6	1,983,575	360,874
		------------	---------
		2,007,532	416,014

Current assets

Stocks		329,582	291,001
Debtors	7	462,239	575,452
Cash at bank and in hand		271,693	85,516
		------------	---------
		1,063,514	951,969

Creditors: amounts falling due within one year	8	1,219,073	701,607
		------------	---------
Net current (liabilities)/assets		( 155,559)	250,362
		------------	---------
Total assets less current liabilities		1,851,973	666,376

Creditors: amounts falling due after more than one year	9	1,320,999	14,786
		------------	---------
Net assets		530,974	651,590
		------------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	520,974	641,590
	---------	---------
Shareholders funds	530,974	651,590
	---------	---------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

Mr HNJ Van Doorn

Director

Company registration number: 2925732

Engels Protechnic Limited

Notes to the Financial Statements

Year ended 31 December 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 Unit 1 West End Trading Estate, Blackfriars Road, Nailsea, Bristol, BS48 4DJ.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on the going concern basis as, in the director's opinion, future projections and cash flows indicate the company is a going concern.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and 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.

Income tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research and development expenditure is initially written off in the year in which it is incurred. Development expenditure incurred on clearly defined projects whose outcome can be assessed with reasonable certainty is carried forward and amortisation is charged from that time over the lesser of the life of the project or five years.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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	-	4% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	20% straight line

Computer equipment	-	25% straight line
Tooling equipment	-	20% straight line

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.

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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 28 (2024: 30 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 January 2025 and 31 December 2025	482,996
	---------
Amortisation
At 1 January 2025	427,858
Charge for the year	31,181
	---------
At 31 December 2025	459,039
	---------
Carrying amount
At 31 December 2025	23,957
	---------
At 31 December 2024	55,138
	---------

6. Tangible assets

	At 1 January 2025	Additions	Disposals	At 31 December 2025
	£	£	£	£
Cost
Land and buildings	456,268	1,889,381	–	2,345,649
Plant and machinery	600,497	2,212	( 85,000)	517,709
Fixtures and fittings	22,077	–	–	22,077
Motor vehicles	9,000	–	–	9,000
Computer equipment	8,761	1,938	–	10,699
Tooling Equipment	193,874	–	–	193,874
	------------	------------	--------	------------
	1,290,477	1,893,531	( 85,000)	3,099,008
	------------	------------	--------	------------

	At 1 January 2025	Charge for the year	Disposals	At 31 December 2025
	£	£	£	£
Depreciation
Land and buildings	310,340	133,614	–	443,954
Plant and machinery	403,575	119,812	( 81,001)	442,386
Fixtures and fittings	15,478	5,099	–	20,577
Motor vehicles	7,500	1,500	–	9,000
Computer equipment	4,466	2,513	–	6,979
Tooling Equipment	188,243	4,294	–	192,537
	------------	------------	--------	------------
	929,602	266,832	( 81,001)	1,115,433
	------------	------------	--------	------------

	At 31 December 2025	At 31 December 2024
	£	£
Carrying amount
Land and buildings	1,901,695	145,928
Plant and machinery	75,323	196,922
Fixtures and fittings	1,500	6,599
Motor vehicles	–	1,500
Computer equipment	3,720	4,295
Tooling Equipment	1,337	5,631
	------------	---------
	1,983,575	360,875
	------------	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Land and buildings	Plant and machinery	Total
	£	£	£
At 31 December 2025	–	–	–
	----	----	----
At 31 December 2024	51,366	12,992	64,358
	--------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	410,769	482,796
Other debtors	51,470	92,656
	---------	---------
	462,239	575,452
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	30,811
Trade creditors	173,838	316,668
Amounts owed to group undertakings and undertakings in which the company has a participating interest	891,274	248,862
Corporation tax	21,255	–
Social security and other taxes	105,920	48,599
Other creditors	26,786	56,667
	------------	---------
	1,219,073	701,607
	------------	---------

The bank loan is secured by a debenture comprising fixed and floating charges over all the assets and undertaking of the company.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,320,999	–
Other creditors	–	14,786
	------------	--------
	1,320,999	14,786
	------------	--------

10. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	21,955	128,531
Later than 1 year and not later than 5 years	12,586	130,791
	--------	---------
	34,541	259,322
	--------	---------

11. Summary audit opinion

The auditor's report dated 28 May 2026 was unqualified .

The senior statutory auditor was P Cridland FCA , for and on behalf of Charlton Baker (Bristol) Ltd .

12. Related party transactions

Mr JJM Engels a director, is also a director on Engels Group NV which has provided funds during the period, interest of £14,895 (2024: £7,400) has been charged on the outstanding balances. The balance owed to Engels Group NV as at the year end is £760,977(2024: £248,862) this amount is included in creditors in these financial statements. Engels Group NV has also advanced sums under a formal loan agreement for the purchase of the freehold property. This loan is over a period of 10 years at an interest rate of 5% per annum. The amount outstanding at the year end is £1,451,296 this amount is included in creditors in these financial statements. Interest of £30,845 has been charged in the period.

13. Controlling party

The ultimate controlling party is Engels Group NV, a company incorporated in the Netherlands.