IRIS Accounts Production v26.1.10.61 04671849 Board of Directors Board of Directors 1.1.25 31.12.25 31.12.25 16.7.26 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04671849 2024-12-31 04671849 2025-12-31 04671849 2025-01-01 2025-12-31 04671849 2023-12-31 04671849 2024-01-01 2024-12-31 04671849 2024-12-31 04671849 ns15:EnglandWales 2025-01-01 2025-12-31 04671849 ns14:PoundSterling 2025-01-01 2025-12-31 04671849 ns10:Director1 2025-01-01 2025-12-31 04671849 ns10:Director2 2025-01-01 2025-12-31 04671849 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04671849 ns10:SmallEntities 2025-01-01 2025-12-31 04671849 ns10:Audited 2025-01-01 2025-12-31 04671849 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 04671849 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04671849 ns10:FullAccounts 2025-01-01 2025-12-31 04671849 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 04671849 ns10:Director3 2025-01-01 2025-12-31 04671849 ns10:Director4 2025-01-01 2025-12-31 04671849 ns10:Director5 2025-01-01 2025-12-31 04671849 ns10:Director6 2025-01-01 2025-12-31 04671849 ns10:CompanySecretary1 2025-01-01 2025-12-31 04671849 ns10:RegisteredOffice 2025-01-01 2025-12-31 04671849 ns5:CurrentFinancialInstruments 2025-12-31 04671849 ns5:CurrentFinancialInstruments 2024-12-31 04671849 ns5:ShareCapital 2025-12-31 04671849 ns5:ShareCapital 2024-12-31 04671849 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 04671849 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 04671849 ns5:NetGoodwill 2025-01-01 2025-12-31 04671849 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 04671849 ns5:LeaseholdImprovements 2024-12-31 04671849 ns5:PlantMachinery 2024-12-31 04671849 ns5:FurnitureFittings 2024-12-31 04671849 ns5:ComputerEquipment 2024-12-31 04671849 ns5:LeaseholdImprovements 2025-01-01 2025-12-31 04671849 ns5:PlantMachinery 2025-01-01 2025-12-31 04671849 ns5:FurnitureFittings 2025-01-01 2025-12-31 04671849 ns5:ComputerEquipment 2025-01-01 2025-12-31 04671849 ns5:LeaseholdImprovements 2025-12-31 04671849 ns5:PlantMachinery 2025-12-31 04671849 ns5:FurnitureFittings 2025-12-31 04671849 ns5:ComputerEquipment 2025-12-31 04671849 ns5:LeaseholdImprovements 2024-12-31 04671849 ns5:PlantMachinery 2024-12-31 04671849 ns5:FurnitureFittings 2024-12-31 04671849 ns5:ComputerEquipment 2024-12-31 04671849 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 04671849 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 04671849 ns5:WithinOneYear 2025-12-31 04671849 ns5:WithinOneYear 2024-12-31 04671849 ns5:BetweenOneFiveYears 2025-12-31 04671849 ns5:BetweenOneFiveYears 2024-12-31 04671849 ns5:MoreThanFiveYears 2025-12-31 04671849 ns5:MoreThanFiveYears 2024-12-31 04671849 ns5:AllPeriods 2025-12-31 04671849 ns5:AllPeriods 2024-12-31 04671849 ns5:Secured 2025-12-31 04671849 ns5:Secured 2024-12-31 04671849 ns5:DeferredTaxation 2024-12-31 04671849 ns5:DeferredTaxation 2025-01-01 2025-12-31 04671849 ns5:DeferredTaxation 2025-12-31 04671849 ns10:OrdinaryShareClass1 2025-12-31 04671849 5 ns10:Director5 2024-12-31 04671849 5 ns10:Director5 2023-12-31 04671849 5 ns10:Director5 2025-01-01 2025-12-31 04671849 5 ns10:Director5 2024-01-01 2024-12-31 04671849 5 ns10:Director5 2025-12-31 04671849 5 ns10:Director5 2024-12-31

REGISTERED NUMBER: 04671849 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CORSAIR ENGINEERING LIMITED

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| CORSAIR ENGINEERING LIMITED |

COMPANY INFORMATION

For The Year Ended 31 December 2025

| DIRECTORS: | M Imlah

| A M Imlah

| A Levin

| G Sahajpal

| M A J Street

| P Taylor

| SECRETARY: | M A J Street

| REGISTERED OFFICE: | Unitech House

| Prospect Road

| Burntwood

| Staffordshire

| WS7 0AU

| REGISTERED NUMBER: | 04671849 (England and Wales)

| AUDITORS: | TC Group, Statutory Auditor

| 1 Rushmills

| Bedford Road

| Northampton

| Northamptonshire

| NN4 7YB

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 78,301 |  | 62,396 |  |

CURRENT ASSETS

Stocks | 5 | 274,926 |  | 266,437 |  |

Debtors: amounts falling due within one year | 6 | 561,203 |  | 541,039 |  |

Cash at bank and in hand | 156,526 |  | 500 |  |

992,655 |  | 807,976 |  |

CREDITORS

Amounts falling due within one year | 7 | 676,320 |  | 572,951 |  |

NET CURRENT ASSETS | 316,335 |  | 235,025 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 394,636 |  | 297,421 |  |

PROVISIONS FOR LIABILITIES | 10 | 6,187 |  | 2,479 |  |

NET ASSETS | 388,449 |  | 294,942 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 120,000 |  | 120,000 |  |

Retained earnings | 268,449 |  | 174,942 |  |

SHAREHOLDERS' FUNDS | 388,449 |  | 294,942 |  |

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 15 July 2026 and were signed on its behalf by:

A M Imlah - Director

M A J Street - Director

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Corsair Engineering 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 (£).

| The company's place of business is Beaumont Close, Banbury, OX16 1SH.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| There were no material departures from that standard.

| Turnover

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

| Revenue recognition - long term contracts

| Revenue is recognised on long term contracts where the outcome of the contract can reliably be estimated. Revenue and costs are recognised based on the work performed at the date of the balance sheet. This is measured looking at the actual costs incurred to date as a percentage of the total estimated costs of the project. The estimated costs of a contract are based on detailed models of expected costs, which are regularly reviewed as the project progresses. Adjustments to total expected costs are updated as required.

| Revenue is based on contracted amounts, and variations to the extent that they are considered reliable and the receipt can be considered probable. Management assess the likelihood that variations will be recovered considering: the contractual position, success rate of similar claims and the ability of the customer to accept the variation.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business, has been amortised in full.

| 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.

| Plant and machinery - 20% on reducing balance

| Computer equipment - 50% on reducing balance

| Fixtures and fittings - 25% on reducing balance

| Leasehold improvements - 20% on reducing balance

| Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stock is valued using the first in first out method.

| Stock provisioning

| The group supplies, installs and maintains equipment which is subject to changing customer demands and technological change. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. Management consider the nature and condition of stock, as well as apply assumptions around expected future demand for the stock, when calculating the level stock provisioning.

| Financial instruments

| Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Basic financial liabilities, including trade and other payables, and loans from fellow group companies, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Financial assets and liabilities are offset and 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.

| 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 balance sheet date.

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| 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

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

| Going concern

| As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 22 (2024 - 22 ) .

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Computer |

| property |  | machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | - |  | 122,607 |  | 32,791 |  | 19,224 |  | 174,622 |  |

| Additions | 9,450 |  | 16,855 |  | 5,133 |  | 3,020 |  | 34,458 |  |

| At 31 December 2025 | 9,450 |  | 139,462 |  | 37,924 |  | 22,244 |  | 209,080 |  |

| DEPRECIATION

| At 1 January 2025 | - |  | 66,728 |  | 27,267 |  | 18,231 |  | 112,226 |  |

| Charge for year | 358 |  | 13,525 |  | 2,664 |  | 2,006 |  | 18,553 |  |

| At 31 December 2025 | 358 |  | 80,253 |  | 29,931 |  | 20,237 |  | 130,779 |  |

| NET BOOK VALUE

| At 31 December 2025 | 9,092 |  | 59,209 |  | 7,993 |  | 2,007 |  | 78,301 |  |

| At 31 December 2024 | - |  | 55,879 |  | 5,524 |  | 993 |  | 62,396 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Raw materials | 158,469 |  | 187,004 |  |

| Work-in-progress | 13,827 |  | 12,128 |  |

| Amounts recoverable on contrac

| ts | 102,630 |  | 67,305 |  |

274,926 |  | 266,437 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 487,028 |  | 456,521 |  |

| Amounts owed by group undertakings | 39,829 |  | 31,558 |  |

| Other debtors | - |  | 14,306 |  |

| Prepayments | 34,346 |  | 38,654 |  |

561,203 |  | 541,039 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 105,441 |  |

| Trade creditors | 304,797 |  | 197,123 |  |

| Amounts owed to group undertakings | 16,058 |  | - |  |

| Corporation tax | 15,601 |  | - |  |

| Social security and other taxes | 51,024 |  | 35,531 |  |

| VAT | 118,781 |  | 25,674 |  |

| Other creditors | 145,059 |  | 184,182 |  |

| Directors' current accounts | 25,000 |  | 25,000 |  |

676,320 |  | 572,951 |  |

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 75,000 |  | - |  |

| Between one and five years | 300,000 |  | - |  |

| In more than five years | 87,329 |  | - |  |

462,329 |  | - |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdraft | - |  | 105,441 |  |

| The bank borrowings are secured by a fixed and floating charge over all the company's assets in favour National Westminster Bank Plc.

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 6,187 |  | 2,479 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 2,479 |  |

| Provided during year | 3,708 |  |

| Balance at 31 December 2025 | 6,187 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 120,000 | Ordinary | £1 | 120,000 |  | 120,000 |  |

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Antonia Aldridge-Brown FCCA (Senior Statutory Auditor)

| for and on behalf of TC Group, Statutory Auditor

CORSAIR ENGINEERING LIMITED (REGISTERED NUMBER: 04671849) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2025

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025 | 2024 |

£ | £ |

| G Sahajpal

| Balance outstanding at start of year | (25,000 | ) | (25,000 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (25,000 | ) | (25,000 | ) |

14. | RELATED PARTY DISCLOSURES

| 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.

| During the year the company made sales to group entities not wholly owned by the Unitech group

| of £36,097 (2024: £15,605) and purchases of £153,375 (2024: £100,343). At the year end £39,829 was owed from these companies and £16,058 was owed to these companies.

15. | ULTIMATE CONTROLLING PARTY

| The controlling party is Unitech Industries Limited.

| The ultimate controlling party is A M Imlah.

| Unitech Industries Limited prepares group financial statements and copies can be obtained from Unitech House, Prospect Road, Burntwood, Staffordshire, WS7 0AU.