REGISTERED NUMBER: 03611396 (England and Wales)

GROUP TWO LIMITED

T/A

ROBOWATCH

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P K J Field

Mr M J Lake

Mr D P Hughes

Mr K L J Thompson

REGISTERED OFFICE:

Units 1-5

Harden Road Industrial Estate

Harden Road

LYDD

Kent

TN29 9LX

REGISTERED NUMBER:

03611396 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Building 1063

Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

FIXED ASSETS

Tangible assets

5

1,789,931

1,793,045

Investments

6

1

1

1,789,932

1,793,046

CURRENT ASSETS

Stocks

13,816

25,145

Debtors

7

517,776

540,780

Cash at bank and in hand

1,596,009

1,267,175

2,127,601

1,833,100

CREDITORS

Amounts falling due within one year

8

659,272

593,901

NET CURRENT ASSETS

1,468,329

1,239,199

TOTAL ASSETS LESS CURRENT LIABILITIES

3,258,261

3,032,245

CREDITORS

Amounts falling due after more than one year

9

(310,042

)

(278,036

)

PROVISIONS FOR LIABILITIES

(163,560

)

(195,272

)

NET ASSETS

2,784,659

2,558,937

CAPITAL AND RESERVES

Called up share capital

12

110

103

Share premium

104,990

31,497

Retained earnings

2,679,559

2,527,337

SHAREHOLDERS' FUNDS

2,784,659

2,558,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

Mr D P Hughes - Director

1.	STATUTORY INFORMATION

Group Two 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

Turnover

Turnover represents net invoiced sales and leasing of goods and services provided, excluding value added tax. Income is recognised on a four weekly basis without any adjustment for accrued or deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Office equipment and furniture

-

straight line over 5 years

CCTV equipment

-

straight line over 2-5 years

Motor vehicles

-

straight line over 5 years and straight line over 3 years

Computer equipment

-

straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company has ceased to operate a retirement benefits pension scheme. Any contributions payable to the directors personal defined contribution schemes for the year are charged in the profit and loss account.

Operating lease income

Assets held by the company for leasing under operating leases are capitalised and depreciated over the estimated useful life of the asset. Rentals receivable under operating leases are included in turnover on an accruals basis.

Investments

Investments in subsidiary companies are included at cost. The company holds a share in Robowatch Limited which is a dormant company.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Inventories are also assessed for impairment at each reporting date. Each item of inventory is compared to the last sold date and an impairment loss recognised on a percentage basis in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit and loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2025 - 39 ) .

5.	TANGIBLE FIXED ASSETS

Office

Improvements

equipment

Freehold

to

and

property

property

furniture

£

£

£

COST

At 1 April 2025

863,494

74,239

105,546

Additions

-

65,696

3,063

Disposals

-

-

-

At 31 March 2026

863,494

139,935

108,609

DEPRECIATION

At 1 April 2025

-

6,028

73,399

Charge for year

-

8,523

10,117

Eliminated on disposal

-

-

-

At 31 March 2026

-

14,551

83,516

NET BOOK VALUE

At 31 March 2026

863,494

125,384

25,093

At 31 March 2025

863,494

68,211

32,147

CCTV

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

5,793,551

197,022

221,005

7,254,857

Additions

508,893

43,290

3,345

624,287

Disposals

(55,174

)

(18,134

)

-

(73,308

)

At 31 March 2026

6,247,270

222,178

224,350

7,805,836

DEPRECIATION

At 1 April 2025

5,040,629

152,220

189,536

5,461,812

Charge for year

500,646

42,033

10,908

572,227

Eliminated on disposal

-

(18,134

)

-

(18,134

)

At 31 March 2026

5,541,275

176,119

200,444

6,015,905

NET BOOK VALUE

At 31 March 2026

705,995

46,059

23,906

1,789,931

At 31 March 2025

752,922

44,802

31,469

1,793,045

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

CCTV

equipment

£

COST

At 1 April 2025

and 31 March 2026

184,347

DEPRECIATION

At 1 April 2025

61,449

Charge for year

95,351

At 31 March 2026

156,800

NET BOOK VALUE

At 31 March 2026

27,547

At 31 March 2025

122,898

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

461,309

482,275

Other debtors

5,167

7,667

Directors' Current Accounts

1,000

-

Prepayments and accrued income

50,300

50,838

517,776

540,780

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 10)

60,821

92,174

Trade creditors

22,982

69,075

Other creditors

12,588

11,645

Other taxes and PAYE

509,267

365,033

Accruals

13,782

12,861

Deferred income

39,832

43,113

659,272

593,901

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 10)

-

60,821

Recycling costs provision

310,042

217,215

310,042

278,036

Included within creditors amounts falling due over one year is a provision for the estimated recycling costs for the lithium batteries of £310,042 (2025: £217,215). The lithium batteries are capitalised and they will incur a charge for recycling when they are no longer required.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

60,821

92,174

Between one and five years

-

60,821

60,821

152,995

Non-cancellable

operating leases

31.3.26

31.3.25

£

£

Within one year

6,117

14,285

Between one and five years

-

6,117

6,117

20,402

11.	SECURED DEBTS

The bank overdraft facility, dated 8 July 2011 and 25 April 2015 , are secured against all assets of the company. This facility however was not used at any point during the year.

The leasehold property is subject to a charge in favour of the bank.

12.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary A

£1

10

3

110

103

7 A Ordinary shares of £1 each were allotted at a premium of £10499 per share during the year.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr K L J Thompson

Balance outstanding at start of year

-

-

Amounts advanced

1,500

-

Amounts repaid

(500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,000

-

14.	RELATED PARTY DISCLOSURES

Robowatch Limited

This is a dormant company which Group Two Limited owns 100% of the issued share capital. Costs of £192 have been incurred by the company in the year.