Company registration number 04996264 (England and Wales)
RADICAL MATERIALS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
RADICAL MATERIALS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
RADICAL MATERIALS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
148,604
199,341
Tangible assets
4
37,987
49,802
186,591
249,143
Current assets
Stocks
114,352
125,171
Debtors
5
38,396
100,083
Cash at bank and in hand
42,472
32,961
195,220
258,215
Creditors: amounts falling due within one year
6
(386,783)
(301,205)
Net current liabilities
(191,563)
(42,990)
Total assets less current liabilities
(4,972)
206,153
Creditors: amounts falling due after more than one year
7
(46,278)
(52,566)
Provisions for liabilities
(8,172)
(59,309)
Net (liabilities)/assets
(59,422)
94,278
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
(60,422)
93,278
Total equity
(59,422)
94,278

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 August 2026 and are signed on its behalf by:
Mr H Durban
Director
Company registration number 04996264 (England and Wales)
RADICAL MATERIALS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Radical Materials Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 10, Rassau Industrial Estate, Rassau, Ebbw Vale, NP23 5SD.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for goods provided. Turnover represents amounts receivable for goods and services provided in the normal course of business, net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

Development costs incurred on specific projects are capitalised when recoverability can be assessed with reasonable certainty and amortised in line with expected sales arising from the project which is usually a 5 year cycle. All other development costs are written off in the year of expenditure.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
20% straight line
1.6
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

RADICAL MATERIALS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on reducing balance
Fixtures, fittings & equipment
20% on reducing balance
Computer equipment
20% on reducing balance
1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

RADICAL MATERIALS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.11
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 9 (2024 - 9).

2025
2024
Number
Number
Total
9
9
3
Intangible fixed assets
Development costs
£
Cost
At 1 January 2025 and 31 December 2025
261,285
Amortisation and impairment
At 1 January 2025
61,944
Amortisation charged for the year
50,737
At 31 December 2025
112,681
Carrying amount
At 31 December 2025
148,604
At 31 December 2024
199,341
RADICAL MATERIALS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2025
85,844
50,296
15,662
151,802
Additions
189
762
-
0
951
Disposals
(2,128)
-
0
-
0
(2,128)
At 31 December 2025
83,905
51,058
15,662
150,625
Depreciation and impairment
At 1 January 2025
56,190
36,329
9,481
102,000
Depreciation charged in the year
5,754
3,546
3,132
12,432
Eliminated in respect of disposals
(1,794)
-
0
-
0
(1,794)
At 31 December 2025
60,150
39,875
12,613
112,638
Carrying amount
At 31 December 2025
23,755
11,183
3,049
37,987
At 31 December 2024
29,654
13,967
6,181
49,802
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
23,740
15,080
Other debtors
14,656
85,003
38,396
100,083
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
17,513
17,177
Trade creditors
27,847
72,401
Amounts owed to group undertakings
247,871
168,706
Taxation and social security
3,792
7,806
Other creditors
89,760
35,115
386,783
301,205
RADICAL MATERIALS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
46,278
52,566
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
9
Directors' transactions

The directors operate a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director fees. At the year end the amount outstanding to the directors was £28,167 (2024 : £28,192) this amount being included in creditors: amounts falling due within one year.

10
Parent company

T he ultimate controlling party of Radical Materials Limited is Radical IP Limited and its registered office is Unit 10 Rassau Industrial Estate, Rassau, Ebbw Vale, Gwent, United Kingdom, NP23 5SD.

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