REGISTERED NUMBER: 10373070 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

TECHNICA HOLDINGS LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

4

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTOR:

J D Davison

REGISTERED OFFICE:

Cherry Tree Business Park

Estate Road No. 5

Grimsby

DN31 2TX

REGISTERED NUMBER:

10373070 (England and Wales)

AUDITORS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

The director presents his strategic report of the company and the group for the year ended 31st March 2026.

REVIEW OF BUSINESS

The principal activity of the business during the year was that of engineering design and construction activities for industrial process and production.

An independent group, built from the ground up, with hard working chartered engineers who have managed major multi-million pound projects throughout the world both for the customer and contractor.

Technica is made up of a dedicated and close knit team of multi-disciplinary engineers who come from varied backgrounds including energy, pharmaceutical, petrochemical, industrial and defence. They are led by an experienced leadership team and overseen by Chairman and owner, John Davison who joined the industry as an apprentice over 30 years ago.

The company's key performance indicators during the year were as follows:

2025/26

2024/25

Turnover

£21,773,539

£9,328,858

EBITDA

£3,744,460

£753,966

The directors considers the year to be very good and in line with the company's strategic plans. The balance sheet has significantly increased and is very strong. The company does not have any external funding requirements or reliance on any external creditors.

The director is confident in the future outlook of the group.

PRINCIPAL RISKS AND UNCERTAINTIES

The commercial risks and uncertainties faced by the company include the economic climate, government policies, increases in the cost of raw materials, increases in the costs of employment related costs and volatility of energy and transport prices. The directors and wider management team monitors these risks in order to respond and react to changes in the marketplace.

FINANCIAL RISK MANAGEMENT

The company operations expose it to a variety of financial risks that include the effects of credit, currency, interest rate and liquidity risk. The directors actively manage these risks by monitoring levels of risk and related costs of mitigating these.

EMPLOYEES

The director continues to develop employees using both external and in house resources. The company continues to appraise all systems to actively promote equality, well-being at the workplace, integration of people with different capacities, employee training, professional development and the prevention of occupational risks.

ON BEHALF OF THE BOARD:

J D Davison - Director

16th July 2026

The director presents his report with the financial statements of the company and the group for the year ended 31st March 2026.

DIVIDENDS

An interim dividend of £4,135 per share was paid on 25th September 2025. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31st March 2026 will be £ 413,500 .

DIRECTOR

J D Davison held office during the whole of the period from 1st April 2025 to the date of this report.

DONATIONS

During the year the company made donations of £3,207.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Ainsworths Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

J D Davison - Director

16th July 2026

Opinion

We have audited the financial statements of Technica Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31st March 2026 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and the nature of the sector in which it operates, we have identified that the principal risks of non-compliance with laws and regulations related to, but were not limited to, the Companies Act 2006 and tax legislation. We have evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to inappropriate journal entries, improper application of revenue cut-off procedure, management bias in accounting estimates and judgements, inappropriate disclosure of related party transactions and improper use of the going concern basis. Our audit procedures designed to address these risks included, but were not limited to:

-

Enquiries with management, regarding any known or suspected instances of non-compliance with laws and regulations, and fraud;

-

Agreement of the financial statement disclosures to the underlying supporting documentation;

-

Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud;

-

Challenging assumptions and judgements made by management in particular within their significant accounting estimates and going concern assessments;

-

Revenue year end cut-off procedures;

-

Obtaining an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal controls;

-

Auditing the risk of management override of controls, including through the testing of journal entries and other adjustments for appropriateness.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve concealment by misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matter

The prior period financial statements were not audited.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Sunter FCA (Senior Statutory Auditor)

for and on behalf of Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

16th July 2026

TURNOVER

21,773,539

9,328,858

Cost of sales

15,402,732

6,715,775

GROSS PROFIT

6,370,807

2,613,083

Administrative expenses

2,798,511

2,014,050

3,572,296

599,033

Other operating income

29,049

32,287

OPERATING PROFIT

5

3,601,345

631,320

Interest receivable and similar income

15,551

8,599

3,616,896

639,919

Interest payable and similar expenses

6

29,428

39,932

PROFIT BEFORE TAXATION

3,587,468

599,987

Tax on profit

7

611,622

13,042

PROFIT FOR THE FINANCIAL YEAR

2,975,846

586,945

Profit attributable to:

Owners of the parent

2,975,846

586,945

PROFIT FOR THE YEAR

2,975,846

586,945

OTHER COMPREHENSIVE INCOME

Revaluation

200,000

-

Income tax relating to other comprehensive income

(50,000

)

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

150,000

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,125,846

586,945

Total comprehensive income attributable to:

Owners of the parent

3,125,846

586,945

FIXED ASSETS

Intangible assets

10

25,664

51,328

Tangible assets

11

1,575,910

1,117,049

Investments

12

-

-

1,601,574

1,168,377

CURRENT ASSETS

Debtors

13

5,657,661

2,738,547

Cash at bank and in hand

4,369,138

591,645

10,026,799

3,330,192

CREDITORS

Amounts falling due within one year

14

7,680,211

3,144,173

NET CURRENT ASSETS

2,346,588

186,019

TOTAL ASSETS LESS CURRENT LIABILITIES

3,948,162

1,354,396

CREDITORS

Amounts falling due after more than one year

15

(448,182

)

(600,983

)

PROVISIONS FOR LIABILITIES

19

(137,415

)

(103,194

)

NET ASSETS

3,362,565

650,219

CAPITAL AND RESERVES

Called up share capital

20

106

106

Capital redemption reserve

21

100

100

Other reserves

21

292,753

142,753

Retained earnings

21

3,069,606

507,260

SHAREHOLDERS' FUNDS

3,362,565

650,219

The financial statements were approved by the director and authorised for issue on 16th July 2026 and were signed by:

J D Davison - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

122,396

-

Investments

12

1,140,267

1,140,267

1,262,663

1,140,267

CURRENT ASSETS

Debtors

13

434,262

413,451

Cash at bank

360,514

5,446

794,776

418,897

CREDITORS

Amounts falling due within one year

14

100

1,545,665

NET CURRENT ASSETS/(LIABILITIES)

794,676

(1,126,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,057,339

13,499

CAPITAL AND RESERVES

Called up share capital

20

106

106

Retained earnings

21

2,057,233

13,393

SHAREHOLDERS' FUNDS

2,057,339

13,499

Company's profit for the financial year

2,457,340

241,495

The financial statements were approved by the director and authorised for issue on 16th July 2026 and were signed by:

J D Davison - Director

Called up

Capital

share

Retained

redemption

Other

Total

capital

earnings

reserve

reserves

equity

£

£

£

£

£

Balance at 1st April 2024

106

153,815

100

142,753

296,774

Changes in equity

Dividends

-

(233,500

)

-

-

(233,500

)

Total comprehensive income

-

586,945

-

-

586,945

Balance at 31st March 2025

106

507,260

100

142,753

650,219

Changes in equity

Dividends

-

(413,500

)

-

-

(413,500

)

Total comprehensive income

-

2,975,846

-

150,000

3,125,846

Balance at 31st March 2026

106

3,069,606

100

292,753

3,362,565

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2024

106

5,398

5,504

Changes in equity

Dividends

-

(233,500

)

(233,500

)

Total comprehensive income

-

241,495

241,495

Balance at 31st March 2025

106

13,393

13,499

Changes in equity

Dividends

-

(413,500

)

(413,500

)

Total comprehensive income

-

2,457,340

2,457,340

Balance at 31st March 2026

106

2,057,233

2,057,339

Cash flows from operating activities

Cash generated from operations

1

4,581,396

953,730

Interest paid

(19,212

)

(30,740

)

Interest element of hire purchase payments paid

(10,216

)

(9,192

)

Taxation refund

24,145

187,169

Net cash from operating activities

4,576,113

1,100,967

Cash flows from investing activities

Purchase of tangible fixed assets

(501,734

)

(337,892

)

Sale of tangible fixed assets

140,973

13,000

Interest received

15,551

8,599

Net cash from investing activities

(345,210

)

(316,293

)

Cash flows from financing activities

Movement in HP and loans

(19,099

)

80,783

Amount withdrawn by directors

(20,811

)

(179,968

)

Equity dividends paid

(413,500

)

(233,500

)

Net cash from financing activities

(453,410

)

(332,685

)

Increase in cash and cash equivalents

3,777,493

451,989

Cash and cash equivalents at beginning of year

2

591,645

139,656

Cash and cash equivalents at end of year

2

4,369,138

591,645

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.3.26

31.3.25

£

£

Profit before taxation

3,587,468

599,987

Depreciation charges

126,273

105,581

Loss on disposal of fixed assets

1,291

8,466

Finance costs

29,428

39,932

Finance income

(15,551

)

(8,599

)

3,728,909

745,367

(Increase)/decrease in trade and other debtors

(2,922,448

)

168,143

Increase in trade and other creditors

3,774,935

40,220

Cash generated from operations

4,581,396

953,730

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st March 2026

31.3.26

1.4.25

£

£

Cash and cash equivalents

4,369,138

591,645

Year ended 31st March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

591,645

139,656

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

591,645

3,777,493

4,369,138

591,645

3,777,493

4,369,138

Debt

Finance leases

(220,448

)

(95,691

)

(316,139

)

Debts falling due within 1 year

(114,676

)

36,004

(78,672

)

Debts falling due after 1 year

(78,786

)

78,786

-

(413,910

)

19,099

(394,811

)

Total

177,735

3,796,592

3,974,327

1.	STATUTORY INFORMATION

Technica Holdings 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

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

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits can be reliably measured, and it is probable that future economic benefits will flow to the entity. For longer term contracts that straddle the company's year end, the amount of revenue recognised is calculated with reference to the stage of completion of the contracts, with any differences in the timing of actual invoicing deferred or accrued in the financial statements. The stage of completion is ascertained by reference to independent certification of work done, or where not available, by reference to the amount of costs incurred on the contracts by the company with reference to the total contract price and budget.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

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.

Long leasehold

-

Straight line over 12 years

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

33% on cost and 25% on cost

Computer equipment

-

33% on cost

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation.

Government grants

The company receives government grants in respect of apprenticeships. These grants are recognised based on the amount received or receivable when there is a reasonable assurance that the company will comply with conditions attaching to them.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.