REGISTERED NUMBER: 05394680 (England and Wales)

Test Meter Group Limited

Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R Turnbull

L Tonnesen

SECRETARY:

Mrs C Jemmeson

REGISTERED OFFICE:

1 Aston Court

Town End Close

Leeds

West Yorkshire

LS13 2AF

REGISTERED NUMBER:

05394680 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

783,483

798,499

783,483

798,499

CURRENT ASSETS

Stocks

2,058,549

1,631,326

Debtors

6

1,008,521

777,827

Cash at bank and in hand

1,509,073

1,273,282

4,576,143

3,682,435

CREDITORS

Amounts falling due within one year

7

3,148,196

2,695,716

NET CURRENT ASSETS

1,427,947

986,719

TOTAL ASSETS LESS CURRENT LIABILITIES

2,211,430

1,785,218

PROVISIONS FOR LIABILITIES

62,804

51,464

NET ASSETS

2,148,626

1,733,754

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,148,526

1,733,654

2,148,626

1,733,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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:

N R Turnbull - Director

L Tonnesen - Director

1.	STATUTORY INFORMATION

Test Meter Group 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005 has been fully amortised.

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.

Website is being amortised evenly over its 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.

Freehold property

-

5% on cost

Hire equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 written off in the year in which it is incurred.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2025 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

8,000

89,245

97,245

AMORTISATION

At 1 April 2025

and 31 March 2026

8,000

89,245

97,245

NET BOOK VALUE

At 31 March 2026

-

-

-

At 31 March 2025

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Hire

and

property

equipment

fittings

£

£

£

COST

At 1 April 2025

536,662

140,215

283,972

Additions

-

57,677

57,502

Disposals

-

(1,564

)

-

At 31 March 2026

536,662

196,328

341,474

DEPRECIATION

At 1 April 2025

-

78,031

216,659

Charge for year

77,332

29,923

31,213

Eliminated on disposal

-

(1,364

)

-

At 31 March 2026

77,332

106,590

247,872

NET BOOK VALUE

At 31 March 2026

459,330

89,738

93,602

At 31 March 2025

536,662

62,184

67,313

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

214,402

159,611

1,334,862

Additions

47,829

7,591

170,599

Disposals

-

-

(1,564

)

At 31 March 2026

262,231

167,202

1,503,897

DEPRECIATION

At 1 April 2025

113,410

128,263

536,363

Charge for year

37,206

9,741

185,415

Eliminated on disposal

-

-

(1,364

)

At 31 March 2026

150,616

138,004

720,414

NET BOOK VALUE

At 31 March 2026

111,615

29,198

783,483

At 31 March 2025

100,992

31,348

798,499

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

893,448

719,370

Other debtors

115,073

58,457

1,008,521

777,827

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

2,284,196

1,771,749

Taxation and social security

472,581

540,466

Other creditors

391,419

383,501

3,148,196

2,695,716

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

29,628

29,628

Between one and five years

88,884

118,512

118,512

148,140