REGISTERED NUMBER: 05698732 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Revcoat Technologies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Clark

Mrs P C Clark

Mr P W Newby

REGISTERED OFFICE:

Units 2 & 3 Parklands Industrial Estate

Forest Road

Denmead

Waterlooville

Hampshire

PO7 6TJ

REGISTERED NUMBER:

05698732 (England and Wales)

ACCOUNTANTS:

Andrew Spencer Associates Limited

Chartered Certified Accountants

328 Chatsworth Avenue

Cosham

Portsmouth

Hampshire

PO6 2UP

FIXED ASSETS

Intangible assets

4

111,469

94,953

Tangible assets

5

180,961

260,600

292,430

355,553

CURRENT ASSETS

Stocks

984,597

1,072,949

Debtors

6

444,651

645,224

Cash at bank and in hand

24,617

22,836

1,453,865

1,741,009

CREDITORS

Amounts falling due within one year

7

(2,553,164

)

(2,524,192

)

NET CURRENT LIABILITIES

(1,099,299

)

(783,183

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(806,869

)

(427,630

)

CREDITORS

Amounts falling due after more than one year

8

(56,915

)

(126,410

)

NET LIABILITIES

(863,784

)

(554,040

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(863,785

)

(554,041

)

SHAREHOLDERS' FUNDS

(863,784

)

(554,040

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

Mr P M Clark - Director

1.	STATUTORY INFORMATION

Revcoat Technologies 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 (£).

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 financial statements relate to Revcoat Technologies Limited as an individual entity.

Turnover

Turnover represents the value of goods and services supplied from ordinary activities, and stated after trade discounts, other sales taxes and net of value added tax. Turnover is recognised at the point of delivery which is also the date of raising the invoice.

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.

Type Approval Costs are being amortised evenly over their estimated useful life of five 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.

Plant and machinery

-

33% on cost and 20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

33% on cost

Equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is capitalised as an Intangible asset and written off on a 5 year straight line basis.

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

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 contributions pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Going concern

At 30 November 2025 the company had net liabilities of £863,784 (2024:£554,040)

The director of the holding company, JCGS No 2 Ltd, has confirmed that the company will continue to provide financial support to Revcoat Technologies Ltd for the foreseeable future and that they will not seek full repayment of the inter-company loan until Revcoat Technologies Ltd is in a financial position to enable the loan to be repaid. Included within the above, as detailed in Note 10 are amounts owed to the holding company of £2,033,653 (2024: £2,076,104).

The director has considered the future position of the company and is of the opinion that the company will return to profitability in the foreseeable future.

In view of the above and as the holding company has sufficient assets to be able to support this, the director considers that the going concern basis for the preparation of the accounts is appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2024

780,416

Additions

62,306

At 30 November 2025

842,722

AMORTISATION

At 1 December 2024

685,463

Charge for year

45,790

At 30 November 2025

731,253

NET BOOK VALUE

At 30 November 2025

111,469

At 30 November 2024

94,953

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

1,434,624

1,609

77,745

10,934

1,524,912

Additions

19,000

-

-

121

19,121

At 30 November 2025

1,453,624

1,609

77,745

11,055

1,544,033

DEPRECIATION

At 1 December 2024

1,224,622

1,609

27,147

10,934

1,264,312

Charge for year

78,006

-

20,748

6

98,760

At 30 November 2025

1,302,628

1,609

47,895

10,940

1,363,072

NET BOOK VALUE

At 30 November 2025

150,996

-

29,850

115

180,961

At 30 November 2024

210,002

-

50,598

-

260,600

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

Plant and

machinery

£

COST

At 1 December 2024

and 30 November 2025

348,000

DEPRECIATION

At 1 December 2024

151,800

Charge for year

67,200

At 30 November 2025

219,000

NET BOOK VALUE

At 30 November 2025

129,000

At 30 November 2024

196,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

92,911

98,907

Amounts owed by participating interests

-

228,703

Other debtors

351,740

317,614

444,651

645,224

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts (see note 9)

5,242

10,364

Hire purchase contracts (see note 10)

64,266

59,869

Trade creditors

257,250

270,663

Amounts owed to group undertakings

2,033,653

2,076,104

Amounts owed to participating interests

3,858

-

Taxation and social security

155,441

76,098

Other creditors

33,454

31,094

2,553,164

2,524,192

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans (see note 9)

-

5,229

Hire purchase contracts (see note 10)

56,915

121,181

56,915

126,410

9.

LOANS

Bounceback Loan

The company has received a bounceback loan. This loan is unsecured, interest and repayment free for the first 12 months, followed by 60 repayments with an interest rate of 2.5%.

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.11.25

30.11.24

£

£

Net obligations repayable:

Within one year

64,266

59,869

Between one and five years

56,915

121,181

121,181

181,050

Non-cancellable

operating leases

30.11.25

30.11.24

£

£

Within one year

88,437

100,662

Between one and five years

154,305

115,659

242,742

216,321

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

121,181

181,050

12.	DEFERRED TAX

£

Balance at 1 December 2024

(147,493

)

Excess of capital allowances

(14,141

)

over depreciation

Losses (added)/utilised

(35,320

)

Balance at 30 November 2025

(196,954

)

13.	CONTINGENT LIABILITIES

The company has provided a cross guarantee to the company's bankers on behalf of European Exhaust and Catalyst Limited for the value of it's overdraft facility which at 30 November 2025 was £Nil (2024: £Nil).

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan made to the director is interest free and is repayable on demand.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P C Clark.