Texture Jet Ltd Accounts






Texture Jet Ltd

	Company No. 11930684
		Information for Filing with The Registrar
		31 March 2026

The Directors present their report and the accounts for the year ended 31 March 2026.

Principal activities
The principal activity of the company during the year under review was 28490 - Manufacture of other machine tools.




Directors

The Directors who served at any time during the year were as follows:

J. Mitchell-Smith
I. Ashfak
A.T. Clare
P.J. Le Noury
L.N. Smith





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Mitchell-Smith
Director
31 March 2026

at	31 March 2026
Company No.		11930684	Notes	2026	2025
				£	£
Fixed assets
	Intangible assets		4	141,278	109,651
	Tangible assets		5	32,129	38,359


				173,407	148,010
Current assets
	Stocks		6	61,619	16,753
	Debtors		7	943,674	132,293

	Cash at bank and in hand			204,631	3,926
				1,209,924	152,972
Creditors: Amount falling due within one year			8	(399,251)	(97,806)
Net current assets				810,673	55,166
Total assets less current liabilities				984,080	203,176
Creditors: Amounts falling due after more than one year			9	(298,006)	(404,904)
Provisions for liabilities
	Deferred taxation			(6,104)	(2,967)

Net assets/(liabilities)				679,970	(204,695)

Capital and reserves
	Called up share capital			1,750	288
	Share premium account		11	3,218,478	1,517,348


	Profit and loss account		11	(2,540,258)	(1,722,331)

Total equity				679,970	(204,695)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2026 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 March 2026 and signed on its behalf by:
J. Mitchell-Smith
Director
31 March 2026

for the year ended 31 March 2026

General information

Texture Jet Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11930684

Its registered office is:

Units A & D

Heage Road Industrial Estat

Ripley

Derbushire

DE5 3GH

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• 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 transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

10% Straight line

Furniture, fittings and equipment

33.33% /20% Straight line

Fixture, fittings and office equipment depreciated at 20% straight line
Computer equipment depreciated at 33.33% straight line

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	12	12

4	Intangible fixed assets
			Patents and trade-marks	Develop-ment costs	Total
			£	£	£
		Cost
		At 1 April 2025	107,166	6,430	113,596
		Additions	33,746	-	33,746

		At 31 March 2026	140,912	6,430	147,342
		Amortisation and impairment
		At 1 April 2025	423	3,522	3,945
		Charge for the year	1,119	1,000	2,119


		At 31 March 2026	1,542	4,522	6,064
		Net book values
		At 31 March 2026	139,370	1,908	141,278
		At 31 March 2025	106,743	2,908	109,651

5	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2025	17,485	63,851	81,336
		Additions	1,608	8,115	9,723



		At 31 March 2026	19,093	71,966	91,059
		Depreciation
		At 1 April 2025	3,604	39,373	42,977
		Charge for the year	1,870	14,083	15,953



		At 31 March 2026	5,474	53,456	58,930
		Net book values
		At 31 March 2026	13,619	18,510	32,129
		At 31 March 2025	13,881	24,478	38,359

6	Stocks
			2026	2025
			£	£
		Raw materials and consumables	12,047	11,912
		Work in progress	49,572	4,841

			61,619	16,753

7	Debtors
			2026	2025
			£	£
		Trade debtors	22,825	3,846

		Corporation tax recoverable	121,935	101,329

		VAT recoverable	24,904	7,982

		Other debtors	665,993	3,600
		Prepayments and accrued income	108,017	15,536
			943,674	132,293

		Amounts included within Other debtors that fall due after more than one year	3,600	3,600

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£




		Trade creditors	230,160	53,977

		Taxes and social security	54,880	38,348
		Loans from directors	600	600
		Other creditors	14,094	2,790
		Accruals and deferred income	99,517	2,091
			399,251	97,806

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£
		Non-equity preference shares	-	75,000
		Bank loans and overdrafts	23,007	28,704
		Other loans	273,799	300,000



		Other creditors	1,200	1,200

			298,006	404,904

		Liabilities repayable in more than five years after the balance sheet date
		Amount repayable by instalments	13,007	18,704

			13,007	18,704

Share Capital

Ordinary

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

12	Guarantees and commitments
			2026	2025
			£	£




		Pension commitments, included in above total	14,094	2,789

		The company operates a defined contribution pension scheme, Smart Pension Scheme, for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions as listed above were due to the fund. They are included in other creditors.

Post balance sheet events

Subsequent to the year end, the company had in place at the balance sheet date a legally binding agreement under which it will receive further funding of £250,000. The funds are expected to be received within six months of the balance sheet date.

This to be consider a non-adjusting event after the reporting period and, accordingly, no adjustment has been made to the amounts recognised in these financial statements.