REGISTERED NUMBER: 05506845 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

NEUTEQ EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Bristow

S D Kerr

M A Hendel

SECRETARY:

B Clague

REGISTERED OFFICE:

34-36 Sandy Way

Amington Industrial Estate

Tamworth

Staffordshire

B77 4DS

REGISTERED NUMBER:

05506845 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

12,295

11,726

Investments

5

100

100

12,395

11,826

CURRENT ASSETS

Stocks

51,320

146,286

Debtors

6

238,172

319,112

Cash at bank

111,783

112,267

401,275

577,665

CREDITORS

Amounts falling due within one year

7

321,742

491,588

NET CURRENT ASSETS

79,533

86,077

TOTAL ASSETS LESS CURRENT LIABILITIES

91,928

97,903

CAPITAL AND RESERVES

Called up share capital

8

500

500

Retained earnings

91,428

97,403

SHAREHOLDERS' FUNDS

91,928

97,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

R M Bristow - Director

1.	STATUTORY INFORMATION

Neuteq Europe 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.

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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

The amount recognised as turnover represents the value of work carried out during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

straight line over 3 years

Computer equipment

-

straight line over 3 years

Stocks and work in progress

Work in progress and stocks (excluding long-term contract balances) are valued at the lower of cost and estimated selling price less costs to sell.

Long-term contract shall be assessed on a contract - by - contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover is ascertained in a manner appropriate to the stage of completion of the contract, the business and the industry in which it operates.

Where it is considered that the outcome of a long - term contract can be assessed with reasonable certainty before its conclusion, the prudently calculated attributable profit shall be recognised in the profit and loss account as the difference between the reported turnover and the related costs for that contract.

The amount by which the recorded turnover is in excess of payments on account shall be classified as 'amounts recoverable on contracts' and separately disclosed within debtors.

The balance of payments on account (in excess of the amounts matched with turnover and offset against long term contract balances) shall be classified as payments on account and separately disclosed within creditors.

The amount of long term contracts, at cost incurred, net of amounts transferred to cost of sales, after deducting foreseeable losses and payments on account not matched with turnover, shall be classified as 'long - term contract balances' and separately disclosed in the balance sheet heading 'stocks'.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.

EMPLOYEES

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 November 2024

54,127

-

153,139

Additions

-

758

-

At 31 October 2025

54,127

758

153,139

DEPRECIATION

At 1 November 2024

54,127

-

150,386

Charge for year

-

114

301

At 31 October 2025

54,127

114

150,687

NET BOOK VALUE

At 31 October 2025

-

644

2,452

At 31 October 2024

-

-

2,753

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

35,509

12,789

101,542

357,106

Additions

117

-

3,211

4,086

At 31 October 2025

35,626

12,789

104,753

361,192

DEPRECIATION

At 1 November 2024

32,025

12,789

96,053

345,380

Charge for year

426

-

2,676

3,517

At 31 October 2025

32,451

12,789

98,729

348,897

NET BOOK VALUE

At 31 October 2025

3,175

-

6,024

12,295

At 31 October 2024

3,484

-

5,489

11,726

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

100

NET BOOK VALUE

At 31 October 2025

100

At 31 October 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

207,803

264,557

Amounts owed by group undertakings

300

300

Other debtors

30,069

54,255

238,172

319,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

-

45,000

Trade creditors

97,753

227,540

Taxation and social security

34,085

29,893

Other creditors

189,904

189,155

321,742

491,588

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary

£1

500

500

9.	RELATED PARTY DISCLOSURES

Within other creditors is an amount of £54,262 (2024 - £54,796) owed to the directors of the company, including £33,643 upon which no interest was paid.