REGISTERED NUMBER: 11803869 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Exploration & Testing Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss N Hodson

Mrs L C Hughes

Miss A D Hughes

REGISTERED OFFICE:

Unit 8b Bowburn South Industrial Estate

Bowburn

Durham

DH6 5AD

REGISTERED NUMBER:

11803869 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Intangible assets

4

76,600

69,615

Tangible assets

5

735,318

650,266

811,918

719,881

CURRENT ASSETS

Stocks

84,283

25,672

Debtors

6

571,885

524,009

Cash at bank

8,815

91,894

664,983

641,575

CREDITORS

Amounts falling due within one year

7

760,040

612,473

NET CURRENT (LIABILITIES)/ASSETS

(95,057

)

29,102

TOTAL ASSETS LESS CURRENT LIABILITIES

716,861

748,983

CREDITORS

Amounts falling due after more than one year

8

36,985

107,545

NET ASSETS

679,876

641,438

CAPITAL AND RESERVES

Called up share capital

190

74,016

Share premium

150,844

150,844

Retained earnings

528,842

416,578

SHAREHOLDERS' FUNDS

679,876

641,438

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 May 2026 and were signed on its behalf by:

Miss N Hodson - Director

1.	STATUTORY INFORMATION

Exploration & Testing Associates 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 accounts have been prepared on a going concern basis. Since the balance sheet date, the Directors have introduced significant funds to support the company and the current year shows profits being reported each month.

Turnover

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

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.

Accreditation are being amortised evenly over their estimated useful life of ten years.

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.

Short leasehold

-

over period of the lease

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 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.

Invoice financing

The invoice financing creditor represents amounts received in respect of financed debts. There is full recourse to the company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. Interest and other charges relating to invoice financing are recognised in the profit and loss account over the relevant period.

Government grants

Revenue based grants are credited to the profit and loss account on receipt.

Capital based grants are credited to the profit and loss account when the conditions of the grant have been met.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

114,813

Additions

19,483

At 31 December 2025

134,296

AMORTISATION

At 1 January 2025

45,198

Charge for year

12,498

At 31 December 2025

57,696

NET BOOK VALUE

At 31 December 2025

76,600

At 31 December 2024

69,615

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

163,122

676,587

839,709

Additions

77,239

144,784

222,023

At 31 December 2025

240,361

821,371

1,061,732

DEPRECIATION

At 1 January 2025

20,178

169,265

189,443

Charge for year

12,018

124,953

136,971

At 31 December 2025

32,196

294,218

326,414

NET BOOK VALUE

At 31 December 2025

208,165

527,153

735,318

At 31 December 2024

142,944

507,322

650,266

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

397,447

Additions

64,117

Transfer to ownership

(16,880

)

At 31 December 2025

444,684

DEPRECIATION

At 1 January 2025

91,567

Charge for year

84,258

Transfer to ownership

(6,604

)

At 31 December 2025

169,221

NET BOOK VALUE

At 31 December 2025

275,463

At 31 December 2024

305,880

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

487,850

444,852

Other debtors

84,035

79,157

571,885

524,009

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

72,681

9,546

Hire purchase contracts

89,998

81,854

Trade creditors

235,265

193,947

Taxation and social security

61,510

70,428

Other creditors

300,586

256,698

760,040

612,473

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

2,589

13,690

Hire purchase contracts

34,396

93,855

36,985

107,545

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/25

31/12/24

£

£

Hire purchase contracts

124,394

175,709

Included within other creditors is amounts which relate to a ID facility and these are secured against the book debts of the company.

HP obligations are secured against the assets to which they relate.