Company No: 05337637 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	D Demetriou
	A Kenyon

SECRETARY

A Kenyon

REGISTERED OFFICE	Unit 70 Hillgrove Business Park Nazeing Road
	Nazeing
	Waltham Abbey
	EN9 2HB
	United Kingdom

COMPANY NUMBER

05337637 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	698,208		666,835
		698,208		666,835
Current assets
Stocks		37,500		39,792
Debtors	4	258,430		93,519
Cash at bank and in hand		960,688		915,313
		1,256,618		1,048,624
Creditors: amounts falling due within one year	5	( 329,768)		( 247,334)
Net current assets		926,850		801,290
Total assets less current liabilities		1,625,058		1,468,125
Creditors: amounts falling due after more than one year	6	( 32,145)		0
Provision for liabilities		( 22,814)		( 22,814)
Net assets		1,570,099		1,445,311
Capital and reserves
Called-up share capital		202		202
Fair value reserve		68,441		68,441
Profit and loss account		1,501,456		1,376,668
Total shareholders' funds		1,570,099		1,445,311

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Neotek Electrics Limited (registered number: 05337637) were approved and authorised for issue by the Board of Directors on 05 June 2026. They were signed on its behalf by:

D Demetriou Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Neotek Electrics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 70 Hillgrove Business Park Nazeing Road, Nazeing, Waltham Abbey, EN9 2HB, United Kingdom.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	25 % reducing balance

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		5

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost/Valuation
At 01 January 2025	600,000		194,769		794,769
Additions	0		45,680		45,680
At 31 December 2025	600,000		240,449		840,449
Accumulated depreciation
At 01 January 2025	0		127,934		127,934
Charge for the financial year	0		14,307		14,307
At 31 December 2025	0		142,241		142,241
Net book value
At 31 December 2025	600,000		98,208		698,208
At 31 December 2024	600,000		66,835		666,835

Revaluation of tangible assets

If freehold property had not been revalued it would have been included at the following historical cost:

	2025		2024
	£		£
Historical cost	508,746		508,746
Carrying value	508,746		508,746

Freehold property was valued on fair value basis on 31st December 2025 by directors.

4. Debtors

	2025		2024
	£		£
Trade debtors	173,224		83,445
Other debtors	85,206		10,074
	258,430		93,519

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	55,936		39,957
Taxation and social security	106,237		88,754
Obligations under finance leases and hire purchase contracts	3,623		0
Other creditors	163,972		118,623
	329,768		247,334

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	32,145		0

There are no amounts included above in respect of which any security has been given by the small entity.