Company registration number 02294123 (England and Wales)
PRODEC (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PRODEC (HOLDINGS) LIMITED
COMPANY INFORMATION
Directors
Mr R J Catley
Mr J D Kelsall
Mr P Halfpenny
Secretary
Mr R J Catley
Company number
02294123
Registered office
Armstrong Buildings
Kilton Road
Worksop
Nottinghamshire
S80 2DQ
Accountants
Nicholas & Walters Limited
35 Sherwood Street
Warsop
Mansfield
Notts
NG20 0JR
PRODEC (HOLDINGS) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
PRODEC (HOLDINGS) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PRODEC (HOLDINGS) LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prodec (Holdings) Limited for the year ended 30 September 2025 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.

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

It is your duty to ensure that Prodec (Holdings) 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 Prodec (Holdings) Limited. You consider that Prodec (Holdings) 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 Prodec (Holdings) 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 f inancial statements.

Nicholas & Walters Limited
Chartered Accountants
35 Sherwood Street
Warsop
Mansfield
Notts
NG20 0JR
18 June 2026
PRODEC (HOLDINGS) LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
5
568,933
582,166
Investments
4
218,000
218,000
786,933
800,166
Current assets
Debtors
6
379,521
379,521
Cash at bank and in hand
93,069
10,367
472,590
389,888
Creditors: amounts falling due within one year
7
(462,975)
(340,708)
Net current assets
9,615
49,180
Total assets less current liabilities
796,548
849,346
Provisions for liabilities
(57,157)
(59,559)
Net assets
739,391
789,787
Capital and reserves
Called up share capital
8
21,800
21,800
Share premium account
196,200
196,200
Revaluation reserve
9
175,000
175,000
Profit and loss reserves
346,391
396,787
Total equity
739,391
789,787
PRODEC (HOLDINGS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2025
30 September 2025
- 3 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 June 2026 and are signed on its behalf by:
Mr R J Catley
Director
Company registration number 02294123 (England and Wales)
PRODEC (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
1
Accounting policies
Company information

Prodec (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Armstrong Buildings, Kilton Road, Worksop, Nottinghamshire, S80 2DQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not depreciated
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

PRODEC (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

PRODEC (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

PRODEC (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be 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 in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
218,000
218,000
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2024 and 30 September 2025
494,998
703,979
1,198,977
Depreciation and impairment
At 1 October 2024
-
0
616,813
616,813
Depreciation charged in the year
-
0
13,231
13,231
At 30 September 2025
-
0
630,044
630,044
Carrying amount
At 30 September 2025
494,998
73,935
568,933
At 30 September 2024
494,998
87,168
582,166
PRODEC (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 8 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
379,521
379,521
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
424,958
305,840
Corporation tax
4,655
6,808
Other taxation and social security
3,750
200
Other creditors
29,612
27,860
462,975
340,708
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
21800 of £1 each
21,800
21,800
21,800
21,800
9
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
175,000
175,000
10
Contingent assets and liabilities

The company is bound under a cross guarantee to support the bank borrowings of the other members

of the Prodec Group.

At 30th September, 20 25 net group bank borrowings amounted to £0 (20 24 £0).

11
Related party transactions

Prodec Holdings Limited the parent company provides Prodec Precision Manufacturing Co. Limited the

subsidiary company with the use of plant, equipment, motor vehicles and freehold property for use in its

trading activities for which management fees are charged amounting to £100,000 (20 24 £6 0,000)

Balances at the year end with related parties were as follows:-

Prodec Precision Manufacturing Co. Limited

Creditor £424,958 (20 24 £305,840)

Prodec Engineering Co. Limited - Dormant Company

Debtor £379,521 (20 24 £379,521)

2025-09-30 2024-10-01 false false false 18 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr J D Kelsall Mr P Halfpenny Mr P Halfpenny Mr R J Catley 02294123 2024-10-01 2025-09-30 02294123 bus:CompanySecretaryDirector1 2024-10-01 2025-09-30 02294123 bus:Director1 2024-10-01 2025-09-30 02294123 bus:Director2 2024-10-01 2025-09-30 02294123 bus:CompanySecretary1 2024-10-01 2025-09-30 02294123 bus:Director3 2024-10-01 2025-09-30 02294123 bus:RegisteredOffice 2024-10-01 2025-09-30 02294123 2025-09-30 02294123 2024-09-30 02294123 core:LandBuildings 2025-09-30 02294123 core:OtherPropertyPlantEquipment 2025-09-30 02294123 core:LandBuildings 2024-09-30 02294123 core:OtherPropertyPlantEquipment 2024-09-30 02294123 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 02294123 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 02294123 core:CurrentFinancialInstruments 2025-09-30 02294123 core:CurrentFinancialInstruments 2024-09-30 02294123 core:ShareCapital 2025-09-30 02294123 core:ShareCapital 2024-09-30 02294123 core:SharePremium 2025-09-30 02294123 core:SharePremium 2024-09-30 02294123 core:RevaluationReserve 2025-09-30 02294123 core:RevaluationReserve 2024-09-30 02294123 core:RetainedEarningsAccumulatedLosses 2025-09-30 02294123 core:RetainedEarningsAccumulatedLosses 2024-09-30 02294123 core:ShareCapitalOrdinaryShareClass1 2025-09-30 02294123 core:ShareCapitalOrdinaryShareClass1 2024-09-30 02294123 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-01 2025-09-30 02294123 core:PlantMachinery 2024-10-01 2025-09-30 02294123 core:FurnitureFittings 2024-10-01 2025-09-30 02294123 core:MotorVehicles 2024-10-01 2025-09-30 02294123 2023-10-01 2024-09-30 02294123 core:LandBuildings 2024-09-30 02294123 core:OtherPropertyPlantEquipment 2024-09-30 02294123 2024-09-30 02294123 core:LandBuildings 2024-10-01 2025-09-30 02294123 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 02294123 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 02294123 bus:OrdinaryShareClass1 2025-09-30 02294123 bus:OrdinaryShareClass1 2024-09-30 02294123 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 02294123 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 02294123 bus:FRS102 2024-10-01 2025-09-30 02294123 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 02294123 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP