Company registration number 06493063 (England and Wales)
TECHMOTION LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
TECHMOTION LIMITED
COMPANY INFORMATION
Directors
Richard John Hindle
David Hindle
Peter Bingham
Company number
06493063
Registered office
Hapco Works
Caledonia Street
Bradford
West Yorkshire
BD5 0EL
Auditor
BHP
14 London Road
Newark
Nottinghamshire
NG24 1TW
TECHMOTION LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Profit and loss account
7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Notes to the financial statements
14 - 35
TECHMOTION LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 1 -

The directors present the strategic report for the year ended 30 November 2025.

Review of the business

Despite continued difficult trading conditions, the group recorded a profit before tax of £1,308,611.

The directors have made efforts to secure future turnover increases by looking to make customer gains.

The directors believe that the group enjoys a good reputation within the sectors it operates.

The group takes its environmental and pollution responsibilities seriously and is continually working to reduce its energy usage.

The business works very hard to provide customers with ever demanding needs in these difficult times with our sales in the UK remaining on a level and our overseas operation increasing. We see this continuing for the foreseeable, but still face challenges with material, shipping and staffing levels being our main obstacles.

Principal risks and uncertainties

The group is affected by several factors, the principal ones are:

The group is exposed to the risk of negative developments in the financial markets and the sectors in which we operate, either directly or through the impact on the group’s bankers, suppliers or customers.

The group operates in a competitive market and failure to compete effectively in terms of price, product specification and quality can have an adverse effect on demand and margins.

The group has in place an organisational structure with clearly defined lines of responsibility and delegation of authority. There are established policies and procedures for setting of strategies; financial, information & reporting, assessment of risk and monitoring performance.

Management and staff work closely with customers and suppliers to operate as effectively and efficiently as possible, whilst maintaining long-term working relationships and good lines of communication.

Key performance indicators

The group's key financial and other performance indicators during the year were as follows:

|  | Unit |  | 2025 |  | 202 4
Turnover |  | £ |  | 7,283,831 |  | 6,672,481
Gross Profit |  | £ |  | 4,530,618 |  | 4,510,920
Profit before tax |  | £ |  | 1,308,611 |  | 1,258,302

On behalf of the board

David Hindle
Director
12 August 2026
TECHMOTION LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 November 2025.

Principal activities

The principal activity of the group continued to be that of general engineers, engine re-manufacturers, distributors of engineering products and manufacturers of industrial products. Techmotion Limited provides management services to the group.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Richard John Hindle
David Hindle
Peter Bingham
Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £523,350. The directors do not recommend payment of a further dividend.

Financial instruments

T he group's principal financial instruments comprise bank balances, trade debtors, trade creditors, loans to the group and lease purchase agreements. The main purpose of these instruments is to raise funds for the group's operations and finance the company's operations.

Due to the nature of the financial instruments used by the group there is no exposure to price risk. The group's approach to managing other risks applicable to the financial instruments is shown below.

Liquidity risk

In respect of loans, the liquidity risk is managed by virtue of the flexible terms inherent within these facilities.

Trade creditors and amounts owed to related undertakings all arise from trading transactions and the liquidity risk is managed from income generation and the use of the group's borrowing facilities.

Credit risk

Trade debtors, credit and cash flow risks are managed by policies concerning the credit offered to customers and the monitoring of amounts outstanding in terms of time and credit limits.

Future developments

The directors anticipate that the group will continue to trade profitably.

Auditor

In accordance with the company's articles, a resolution proposing that BHP be reappointed as auditor of the group will be put at a General Meeting.

TECHMOTION LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have prepared the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
David Hindle
Director
12 August 2026
TECHMOTION LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TECHMOTION LIMITED
- 4 -
Opinion

We have audited the financial statements of Techmotion Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 November 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 30 November 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

TECHMOTION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TECHMOTION LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience, knowledge of the sector, a review of regulatory and legal correspondence and through discussions with Directors and other management obtained as part of the work required by auditing standards. We have also discussed with the Directors and other management the policies and procedures relating to compliance with laws and regulations. We communicated laws and regulations throughout the team and remained alert to any indications of non-compliance throughout the audit.

The potential impact of different laws and regulations varies considerably. Firstly, the group and parent company is subject to laws and regulations that directly impact the financial statements (for example financial reporting legislation) and we have assessed the extent of compliance with such laws as part of our financial statements audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgemental areas of the financial statements such as depreciation of tangible fixed assets, as well as the risk of inappropriate journal entries to increase reported profitability. Audit procedures performed by the engagement team included the identification and testing of material and unusual journal entries and challenging management on key accounting estimates, assumptions and judgements made in the preparation of the financial statements. We carried out detailed substantive tests on accounting estimates, including reviewing the methods used by management to make those estimates, re-performing the calculation, and reviewing the outcome of prior year estimates.

TECHMOTION LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TECHMOTION LIMITED
- 6 -

Secondly, the group and parent company is subject to other laws and regulations where the consequence for noncompliance could have a material effect on the amounts or disclosures in the financial statements. We identified the following areas as those most likely to have such an effect: Health and Safety regulations and Employment laws.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Directors and other management and inspection. This inspection included a review of company minutes, review of legal expenses and health and safety expenses and a review of provisions. Through these procedures, if we became aware of any non-compliance, we considered the impact on the procedures performed on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. The further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. As with any audit, there is a greater risk of non-detection of irregularities as these may involve collusion, intentional omissions of the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Rachel Rudkin FCCA (Senior Statutory Auditor)
For and on behalf of BHP, Statutory Auditor
14 London Road
Newark
Nottinghamshire
NG24 1TW
16 August 2026
TECHMOTION LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
7,283,831
6,672,481
Cost of sales
(2,753,213)
(2,161,561)
Gross profit
4,530,618
4,510,920
Distribution costs
(206,403)
(198,154)
Administrative expenses
(3,225,728)
(3,154,384)
Other operating income
307,264
305,389
Exceptional item
4
(120,295)
(201,150)
Operating profit
5
1,285,456
1,262,621
Interest receivable and similar income
9
37,466
38,439
Interest payable and similar expenses
10
(14,311)
(42,758)
Profit before taxation
1,308,611
1,258,302
Tax on profit
11
(64,742)
(68,327)
Profit for the financial year
1,243,869
1,189,975
Profit for the financial year is all attributable to the owners of the parent company.

The profit and loss account has been prepared on the basis that all operations are continuing operations.

TECHMOTION LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
2025
2024
£
£
Profit for the year
1,243,869
1,189,975
Other comprehensive income
Actuarial loss on defined benefit pension schemes
(594,000)
(542,000)
Currency translation loss taken to retained earnings
(51,651)
(155,768)
Cash flow hedges gain arising in the year
-
0
-
0
Tax relating to other comprehensive income
(16,750)
(44,300)
Other comprehensive income for the year
(662,401)
(742,068)
Total comprehensive income for the year
581,468
447,907
Total comprehensive income for the year is all attributable to the owners of the parent company.
TECHMOTION LIMITED
GROUP BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
13
196,822
241,026
Total intangible assets
196,822
241,026
Tangible assets
14
4,587,563
4,415,730
4,784,385
4,656,756
Current assets
Stocks
17
669,529
754,453
Debtors
18
1,694,769
1,546,034
Cash at bank and in hand
496,040
353,589
2,860,338
2,654,076
Creditors: amounts falling due within one year
19
(1,930,632)
(1,613,551)
Net current assets
929,706
1,040,525
Total assets less current liabilities
5,714,091
5,697,281
Creditors: amounts falling due after more than one year
20
-
(31,823)
Provisions for liabilities
Deferred tax liability
24
161,650
238,135
(161,650)
(238,135)
Net assets excluding pension surplus
5,552,441
5,427,323
Defined benefit pension surplus
25
189,000
256,000
Net assets
5,741,441
5,683,323
Capital and reserves
Called up share capital
26
10,000
10,000
Revaluation reserve
78,598
79,392
Capital redemption reserve
4,000
4,000
Profit and loss reserves
5,648,843
5,589,931
Total equity
5,741,441
5,683,323
The financial statements were approved by the board of directors and authorised for issue on 12 August 2026 and are signed on its behalf by:
12 August 2026
David Hindle
Director
Company registration number 06493063 (England and Wales)
TECHMOTION LIMITED
COMPANY BALANCE SHEET
AS AT 30 NOVEMBER 2025
30 November 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
14
2,474,693
2,502,189
Investments
15
4,931,919
4,931,919
7,406,612
7,434,108
Current assets
Debtors
18
25,327
1,474
Cash at bank and in hand
1
1
25,328
1,475
Creditors: amounts falling due within one year
19
(7,013,257)
(7,179,811)
Net current liabilities
(6,987,929)
(7,178,336)
Total assets less current liabilities
418,683
255,772
Creditors: amounts falling due after more than one year
20
-
0
(31,823)
Provisions for liabilities
Deferred tax liability
24
143,000
143,000
(143,000)
(143,000)
Net assets
275,683
80,949
Capital and reserves
Called up share capital
26
10,000
10,000
Capital redemption reserve
4,000
4,000
Profit and loss reserves
261,683
66,949
Total equity
275,683
80,949

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £344,733 (2024 - £712,288 profit).

The financial statements were approved by the board of directors and authorised for issue on 12 August 2026 and are signed on its behalf by:
12 August 2026
David Hindle
Director
Company registration number 06493063 (England and Wales)
TECHMOTION LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 11 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 December 2023
10,000
80,202
4,000
5,923,695
6,017,897
Year ended 30 November 2024:
Profit for the year
-
-
-
1,189,975
1,189,975
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
-
(542,000)
(542,000)
Currency translation differences
-
-
-
(155,768)
(155,768)
Tax relating to other comprehensive income
-
-
0
-
(44,300)
(44,300)
Total comprehensive income
-
-
-
447,907
447,907
Dividends
12
-
-
-
(782,481)
(782,481)
Transfers
-
(810)
-
810
-
Balance at 30 November 2024
10,000
79,392
4,000
5,589,931
5,683,323
Year ended 30 November 2025:
Profit for the year
-
-
-
1,243,869
1,243,869
Other comprehensive income:
Actuarial gains on defined benefit plans
-
-
-
(594,000)
(594,000)
Currency translation differences
-
-
-
(51,651)
(51,651)
Tax relating to other comprehensive income
-
-
0
-
(16,750)
(16,750)
Total comprehensive income
-
-
-
581,468
581,468
Dividends
12
-
-
-
(523,350)
(523,350)
Transfers
-
(794)
-
794
-
Balance at 30 November 2025
10,000
78,598
4,000
5,648,843
5,741,441
TECHMOTION LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 12 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 December 2023
10,000
4,000
137,142
151,142
Year ended 30 November 2024:
Profit and total comprehensive income for the year
-
-
712,288
712,288
Dividends
12
-
-
(782,481)
(782,481)
Balance at 30 November 2024
10,000
4,000
66,949
80,949
Year ended 30 November 2025:
Profit and total comprehensive income
-
-
344,734
344,734
Dividends
12
-
-
(150,000)
(150,000)
Balance at 30 November 2025
10,000
4,000
261,683
275,683
TECHMOTION LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
1,501,453
2,062,222
Interest paid
(14,311)
(42,758)
Income taxes paid
(41,401)
(330,716)
Net cash inflow from operating activities
1,445,741
1,688,748
Investing activities
Purchase of tangible fixed assets
(633,717)
(336,840)
Proceeds from disposal of tangible fixed assets
71,287
1,250
Interest received
37,466
38,439
Net cash used in investing activities
(524,964)
(297,151)
Financing activities
Repayment of bank loans
(210,580)
(322,312)
Payment of finance leases obligations
(44,396)
(48,556)
Dividends paid to equity shareholders
(523,350)
(782,481)
Net cash used in financing activities
(778,326)
(1,153,349)
Net increase in cash and cash equivalents
142,451
238,248
Cash and cash equivalents at beginning of year
353,589
115,341
Cash and cash equivalents at end of year
496,040
353,589
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 14 -
1
Accounting policies
Company information

Techmotion Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is Hapco Works, Caledonia Street, Bradford, West Yorkshire, BD5 0EL.

The group consists of Techmotion Limited and all of its subsidiaries.

1.1
Accounting convention

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.

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Basis of consolidation

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

The consolidated financial statements incorporate those of Techmotion Limited and all of its subsidiaries (ie entities that the g roup controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

The consolidated financial statements for the company and it's UK subsidiary, Hindle Group Limited, are made up to 30 November 20 25. The results for the Chinese subsidiary, Hindle Gears (China) Limited, are made up to 31 December 202 5. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 15 -

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.3
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the group and parent company ha ve adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

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.

1.5
Intangible fixed assets - goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

If a subsidiary, associate or business is subsequently sold or closed, any goodwill arising on acquisition that was written off directly to reserves or that has not been amortised through the profit and loss account is taken into account in determining the profit or loss on sale or closure.

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life of 20 years on a straight line basis.

1.6
Tangible fixed assets

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

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:

Freehold land and buildings
over 100 years straight line
Plant and machinery
over 5-10 years straight line
Fixtures, fittings & equipment
over 5-10 years straight line
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 16 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 17 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 18 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 19 -
1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.13
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 group’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.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

The pension costs charged against profits are based on actuarial methods and assumptions designed to spread the anticipated pension costs over the service lives of the employees in the scheme, so as to ensure that the regular pension cost represents a substantially level percentage of the current and expected future pensionable payroll. Variations from regular cost are spread over the average remaining services lives of current employees in the scheme. The scheme was made paid up on 31 October 2003 and no further benefits will accrue for employees in the scheme.

The net interest element is determined by multiplying the net defined benefit liability by the discount rate, taking into account any changes in the net defined benefit liability during the period as a result of contribution and benefit payments. The net interest is recognised in profit or loss as other finance revenue or cost.

Remeasurement changes comprise actuarial gains and losses, the effect of the asset ceiling and the return on the net defined benefit liability excluding amounts included in net interest. These are recognised immediately in other comprehensive income in the period in which they occur and are not reclassified to profit and loss in subsequent periods.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 20 -

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

1.16
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.17
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.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.18
Foreign exchange

Company

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Group

The financial statements of overseas subsidiary undertakings are translated at the rate ruling at the balance sheet date. The exchange differences arising on the retranslation of opening net assets is taken directly to reserves. All other translation differences are taken to the profit and loss account with the exception of differences on foreign currency borrowings to the extent that they are used to finance or provide a hedge against group equity investments in foreign enterprises, which are taken to reserves together with the exchange difference on the net investment in these enterprises. Tax charges and credits attributable to exchange differences on those borrowings are also taken to reserves.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 21 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Stock provisioning

The group is that of general engineers, engine component remanufactures distributors of engineering products and manufacturer of industrial products. As a result, it is necessary to consider the recoverability of the cost and associated provision required. When calculating the stock provision, management consider the nature and condition of the stock, as well as applying assumptions around anticipated usability and saleability of finished goods.

3
Turnover and other revenue

An analysis of the group's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Manufacture
7,283,831
6,672,481
2025
2024
£
£
Turnover analysed by geographical market
Sales - UK
4,487,262
3,396,609
Sales - Europe
396,632
593,127
Sales - Rest of world
2,399,937
2,682,745
7,283,831
6,672,481
2025
2024
£
£
Other revenue
Interest income
37,466
38,439
Grants received
1,112
1,031
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 22 -
4
Exceptional item
2025
2024
£
£
Expenditure
Bulk annuity purchase
120,295
201,150
Other exceptional costs
118,575
-
238,870
201,150
5
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange gains
(49,520)
(46,866)
Government grants
(1,112)
(1,031)
Depreciation of tangible fixed assets
361,841
343,770
Profit on disposal of tangible fixed assets
(22,895)
(1,250)
Amortisation of intangible assets
44,204
44,204
Operating lease charges
81,937
68,512
6
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
15,800
13,300
Audit of the financial statements of the company's subsidiaries
18,401
14,450
34,201
27,750
7
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Production
60
62
-
-
Other departments
19
19
-
-
Total
79
81
0
0
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
7
Employees
(Continued)
- 23 -

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
1,948,701
1,948,108
-
0
-
0
Social security costs
172,902
131,823
-
-
Pension costs
202,575
265,167
-
0
-
0
2,324,178
2,345,098
-
0
-
0
8
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
53,143
39,346
Company pension contributions to defined contribution schemes
22,185
21,488
75,328
60,834
9
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
10,466
439
Other interest income
27,000
38,000
Total income
37,466
38,439
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
10,466
439
10
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
14,237
40,272
Other finance costs:
Interest on finance leases and hire purchase contracts
74
2,486
Total finance costs
14,311
42,758
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 24 -
11
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
153,778
203,181
Adjustments in respect of prior periods
-
0
214
Total current tax
153,778
203,395
Deferred tax
Origination and reversal of timing differences
(89,036)
(135,068)
Total tax charge
64,742
68,327

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
1,308,611
1,258,302
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
327,153
314,576
Tax effect of expenses that are not deductible in determining taxable profit
-
0
13,663
Gains not taxable
(278)
(258)
Adjustments in respect of prior years
-
0
214
Other permanent differences
12,549
7,403
Effect of overseas tax rates
(107,570)
(118,285)
Group income
(1,862)
(27,892)
Remeasurement of deferred tax for changes in tax rates
-
0
24,506
Deferred tax charged direcrly to STRGL
(33,500)
(88,600)
Adjustments to brought forward values
(6,750)
(57,000)
Fixed Asset Differences
(125,000)
-
Taxation charge
64,742
68,327

In addition to the amount charged to the profit and loss account, the following amounts relating to tax have been recognised directly in other comprehensive income:

2025
2024
£
£
Deferred tax arising on:
Actuarial differences recognised as other comprehensive income
16,750
44,300
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 25 -
12
Dividends and distributions
2025
2024
£
£
Final paid
150,000
782,481
13
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 December 2024 and 30 November 2025
798,582
Amortisation and impairment
At 1 December 2024
557,556
Amortisation charged for the year
44,204
At 30 November 2025
601,760
Carrying amount
At 30 November 2025
196,822
At 30 November 2024
241,026
The company had no intangible fixed assets at 30 November 2025 or 30 November 2024.
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 26 -
14
Tangible fixed assets
Group
Freehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 1 December 2024
2,749,657
3,958,316
636,522
7,344,495
Additions
-
0
65,111
568,606
633,717
Disposals
-
0
(104,923)
(116,996)
(221,919)
Revaluation
-
0
-
0
(51,651)
(51,651)
At 30 November 2025
2,749,657
3,918,504
1,036,481
7,704,642
Depreciation and impairment
At 1 December 2024
247,468
2,066,181
615,116
2,928,765
Depreciation charged in the year
27,496
58,247
276,098
361,841
Eliminated in respect of disposals
-
0
(70,778)
(102,749)
(173,527)
At 30 November 2025
274,964
2,053,650
788,465
3,117,079
Carrying amount
At 30 November 2025
2,474,693
1,864,854
248,016
4,587,563
At 30 November 2024
2,502,189
1,892,135
21,406
4,415,730
Company
Freehold land and buildings
£
Cost
At 1 December 2024 and 30 November 2025
2,749,657
Depreciation and impairment
At 1 December 2024
247,468
Depreciation charged in the year
27,496
At 30 November 2025
274,964
Carrying amount
At 30 November 2025
2,474,693
At 30 November 2024
2,502,189

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Plant and machinery
-
0
87,176
-
0
-
0
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 27 -
15
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
16
-
0
-
0
4,931,919
4,931,919
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 December 2024 and 30 November 2025
4,931,919
Carrying amount
At 30 November 2025
4,931,919
At 30 November 2024
4,931,919
16
Subsidiaries

Details of the company's subsidiaries at 30 November 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Hindle Gears (China) Co.Limited
China
General engineers
Ordinary
0
100.00
Hindle Group Limited
UK
General engineers
Ordinary
100.00
0
17
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
212,418
196,991
-
-
Work in progress
95,339
99,321
-
-
Finished goods and goods for resale
485,628
578,615
-
0
-
0
Stock provision
(123,856)
(120,474)
-
0
-
0
669,529
754,453
-
-
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 28 -
18
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,405,157
1,151,163
327
1,474
Other debtors
159,707
253,027
25,000
-
0
Prepayments and accrued income
129,905
141,844
-
0
-
0
1,694,769
1,546,034
25,327
1,474
19
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
21
317,646
496,403
-
0
167,816
Obligations under finance leases
22
-
0
44,396
-
0
-
0
Trade creditors
1,071,550
716,171
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
6,982,687
6,983,228
Corporation tax payable
116,576
-
0
-
0
-
0
Other taxation and social security
98,321
66,455
13,418
14,267
Other creditors
154,722
183,289
-
0
-
0
Accruals and deferred income
171,817
106,837
17,152
14,500
1,930,632
1,613,551
7,013,257
7,179,811
20
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
21
-
0
31,823
-
0
31,823

Bank loans are secured against the assets of the group.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 29 -
21
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
317,646
528,226
-
0
199,639
Payable within one year
317,646
496,403
-
0
167,816
Payable after one year
-
0
31,823
-
0
31,823
22
Finance lease obligations
Group
Company
2025
2024
2025
2024
Amounts due:
£
£
£
£
Current liabilities
-
0
44,396
-
0
-
0
Non-current liabilities
-
0
-
0
-
0
-
0
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
-
0
44,396
-
0
-
0

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

23
Provisions for liabilities
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Retirement benefit obligations
(189,000)
(256,000)
-
-
Deferred tax liabilities
24
161,650
238,135
143,000
143,000
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 30 -
24
Deferred taxation

Deferred tax assets and liabilities are offset where the group or company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
58,800
46,313
Tax losses
(87,400)
(14,372)
Revaluations
143,000
143,000
Retirement benefit obligations
47,250
63,194
161,650
238,135
Liabilities
Liabilities
2025
2024
Company
£
£
Revaluations
143,000
143,000
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 December 2024
238,135
143,000
Credit to profit or loss
(93,235)
-
Charge to other comprehensive income
16,750
-
Liability at 30 November 2025
161,650
143,000

25
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
202,575
265,167

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
25
Retirement benefit schemes
(Continued)
- 31 -
Defined benefit schemes

A defined benefit scheme is operated for qualifying employees. The scheme was closed to new members from 1 November 2000 and was made paid up on 31 October 2003. No further benefits will accrue for employees in the scheme.

The most recent actuarial valuations of plan assets and the present value of the defined benefit obligation were carried out at 31 October 2024 by Louise Mackie. The present value of the defined benefit obligation, the related current service cost and past service cost were measured using the projected unit method.

Valuation

The actuarial valuation showed that the value of the scheme assets was £5,739,000 and that this value represents 109% of the value of benefits that had accrued to members, after allowing for expected future increases in salaries. The scheme's assets are invested predominantly in managed funds. The actuarial value of the scheme assets in relation to liabilities applies only on the ongoing basis if the pension scheme assets are invested in accordance with the funding objective.

Insured pensions assets and liabilities are included in the assets and obligations set out below, based on Disclosure Reports obtained from the actuary dated 30 November 2022 and 30 November 2023 respectively.

2025
2024
Key assumptions
%
%
Discount rate
5.60
5.20
Expected rate of increase of pensions in payment
2.60
2.80
Retail price inflation
2.85
3.10
Consumer price inflation
2.60
2.80
Mortality assumptions
2025
2024

Assumed life expectations on retirement at age 65:

Years
Years
Retiring today
- Males
20.9
20.4
- Females
23.2
23.1
Retiring in 20 years
- Males
22.2
21.6
- Females
24.6
24.6

The amounts included in the balance sheet arising from obligations in respect of defined benefit plans are as follows:

2025
2024
Group
£
£
Present value of defined benefit obligations
5,608,000
5,596,000
Fair value of plan assets
(5,797,000)
(5,852,000)
Deficit in scheme
(189,000)
(256,000)
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
25
Retirement benefit schemes
(Continued)
- 32 -
The company had no post employment benefits at 30 November 2025 or 1 December 2024.
Group
2025
2024
Amounts recognised in the profit and loss account
£
£
Costs/(income):
Net interest on net defined benefit liability/(asset)
(27,000)
(38,000)
Other costs and income
-
58,000
Total costs/(income)
(27,000)
20,000
Group
2025
2024
Amounts recognised in other comprehensive income
£
£
Costs/(income):
Actual return on scheme assets
70,000
109,000
Less: calculated interest element
305,000
326,000
Return on scheme assets excluding interest income
375,000
435,000
Actuarial changes related to obligations
219,000
49,000
Total costs
594,000
484,000
Group
2025
Movements in the present value of defined benefit obligations
Liabilities at 1 December 2024
5,596,000
Benefits paid
(485,000)
Actuarial gains and losses
219,000
Interest cost
278,000
At 30 November 2025
5,608,000
Group
2025
The defined benefit obligations arise from plans funded as follows:
£
Wholly unfunded obligations
5,608,000
Wholly or partly funded obligations
-
5,608,000
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
25
Retirement benefit schemes
(Continued)
- 33 -
Group
2025
Movements in the fair value of plan assets
£
Fair value of assets at 1 December 2024
5,852,000
Interest income
305,000
Return on plan assets (excluding amounts included in net interest)
(375,000)
Benefits paid
(485,000)
Contributions by the employer
500,000
At 30 November 2025
5,797,000

The actual return on plan assets was an actuarial loss of £70,000 (2024 - actual loss of £109,000).

Group
2025
2024
Fair value of plan assets
£
£
Debt instruments
5,643,000
5,726,000
Property
37,000
37,000
Cash
117,000
89,000
5,797,000
5,852,000
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 34 -
26
Share capital
Group and company
2025
2024
Ordinary share capital
£
£
Issued and fully paid
4,000 A Ordinary shares of £1 each
4,000
4,000
2,000 B Ordinary shares of £1 each
2,000
2,000
2,000 C Ordinary shares of £1 each
2,000
2,000
2,000 D Ordinary shares of £1 each
2,000
2,000
10,000
10,000

Each share is entitled to one vote in any circumstances.

Each share is entitled parri passi to participate in dividend payments or any other distribution.

Each share is entitled parri passi to participate in a distribution arising from a winding up of the company.

27
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Group
Other related parties
588,612
445,044
67,223
79,779
Rent receivable
2025
2024
£
£
Group
Other related parties
-
412,703
Company
Other related parties
-
412,703

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
Other related parties
5,298
23,861
TECHMOTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 35 -
28
Directors' transactions

Dividends totalling £150,000 (2024: £782,481) were paid in the year in respect of shares held by the company's directors.

29
Controlling party

The company is controlled by the directors.

30
Cash generated from group operations
2025
2024
£
£
Profit after taxation
1,243,869
1,189,975
Adjustments for:
Taxation charged
64,742
68,327
Finance costs
14,311
42,758
Investment income
(37,466)
(38,439)
Gain on disposal of tangible fixed assets
(22,895)
(1,250)
Amortisation and impairment of intangible assets
44,204
44,204
Depreciation and impairment of tangible fixed assets
361,841
343,770
Pension scheme non-cash movement
(527,000)
(38,000)
Movements in working capital:
Decrease/(increase) in stocks
84,924
(229,876)
(Increase)/decrease in debtors
(148,735)
1,528,155
Increase/(decrease) in creditors
423,658
(847,402)
Cash generated from operations
1,501,453
2,062,222
31
Analysis of changes in net funds/(debt) - group
1 December 2024
Cash flows
30 November 2025
£
£
£
Cash at bank and in hand
353,589
142,451
496,040
Borrowings excluding overdrafts
(528,226)
210,580
(317,646)
Obligations under finance leases
(44,396)
44,396
-
(219,033)
397,427
178,394
2025-11-30 2024-12-01 false false CCH Software CCH Accounts Production 2026.100 Richard John Hindle David Hindle Peter Bingham false 06493063 bus:Consolidated 2024-12-01 2025-11-30 06493063 2024-12-01 2025-11-30 06493063 bus:Director1 2024-12-01 2025-11-30 06493063 bus:Director2 2024-12-01 2025-11-30 06493063 bus:Director3 2024-12-01 2025-11-30 06493063 bus:RegisteredOffice 2024-12-01 2025-11-30 06493063 2025-11-30 06493063 bus:Consolidated 2023-12-01 2024-11-30 06493063 bus:Consolidated 1 2024-12-01 2025-11-30 06493063 bus:Consolidated 1 2023-12-01 2024-11-30 06493063 2023-12-01 2024-11-30 06493063 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-12-01 2025-11-30 06493063 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2023-12-01 2024-11-30 06493063 core:RevaluationReserve bus:Consolidated 2023-12-01 2024-11-30 06493063 core:RevenueReservesInvestmentFundsOnly bus:Consolidated 2023-12-01 2024-11-30 06493063 core:RevaluationReserve bus:Consolidated 2024-12-01 2025-11-30 06493063 bus:Consolidated 2025-11-30 06493063 core:Goodwill bus:Consolidated 2025-11-30 06493063 core:Goodwill bus:Consolidated 2024-11-30 06493063 bus:Consolidated 2024-11-30 06493063 2024-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2025-11-30 06493063 core:PlantMachinery bus:Consolidated 2025-11-30 06493063 core:FurnitureFittings bus:Consolidated 2025-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-11-30 06493063 core:PlantMachinery bus:Consolidated 2024-11-30 06493063 core:FurnitureFittings bus:Consolidated 2024-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets 2025-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 06493063 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-11-30 06493063 core:CurrentFinancialInstruments bus:Consolidated 2024-11-30 06493063 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-11-30 06493063 core:Non-currentFinancialInstruments core:AfterOneYear 2025-11-30 06493063 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 06493063 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 06493063 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 06493063 core:ShareCapital bus:Consolidated 2025-11-30 06493063 core:ShareCapital bus:Consolidated 2024-11-30 06493063 core:RevaluationReserve bus:Consolidated 2025-11-30 06493063 core:RevaluationReserve bus:Consolidated 2024-11-30 06493063 core:CapitalRedemptionReserve bus:Consolidated 2025-11-30 06493063 core:CapitalRedemptionReserve bus:Consolidated 2024-11-30 06493063 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-11-30 06493063 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-11-30 06493063 core:ShareCapital 2025-11-30 06493063 core:ShareCapital 2024-11-30 06493063 core:CapitalRedemptionReserve 2025-11-30 06493063 core:CapitalRedemptionReserve 2024-11-30 06493063 core:RetainedEarningsAccumulatedLosses 2025-11-30 06493063 core:RetainedEarningsAccumulatedLosses 2024-11-30 06493063 core:ShareCapital bus:Consolidated 2023-11-30 06493063 core:SharePremium bus:Consolidated 2023-11-30 06493063 core:CapitalRedemptionReserve bus:Consolidated 2023-11-30 06493063 2023-11-30 06493063 core:ShareCapital 2023-11-30 06493063 core:CapitalRedemptionReserve 2023-11-30 06493063 core:RetainedEarningsAccumulatedLosses 2023-11-30 06493063 bus:Consolidated 2023-11-30 06493063 core:Goodwill 2024-12-01 2025-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 06493063 core:PlantMachinery 2024-12-01 2025-11-30 06493063 core:FurnitureFittings 2024-12-01 2025-11-30 06493063 core:UKTax bus:Consolidated 2024-12-01 2025-11-30 06493063 core:UKTax bus:Consolidated 2023-12-01 2024-11-30 06493063 bus:Consolidated 2 2024-12-01 2025-11-30 06493063 bus:Consolidated 2 2023-12-01 2024-11-30 06493063 bus:Consolidated 3 2024-12-01 2025-11-30 06493063 bus:Consolidated 3 2023-12-01 2024-11-30 06493063 bus:Consolidated 4 2024-12-01 2025-11-30 06493063 bus:Consolidated 4 2023-12-01 2024-11-30 06493063 bus:Consolidated 5 2024-12-01 2025-11-30 06493063 bus:Consolidated 5 2023-12-01 2024-11-30 06493063 core:Goodwill bus:Consolidated 2024-11-30 06493063 core:Goodwill bus:Consolidated 2024-12-01 2025-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-11-30 06493063 core:PlantMachinery bus:Consolidated 2024-11-30 06493063 core:FurnitureFittings bus:Consolidated 2024-11-30 06493063 bus:Consolidated 2024-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 06493063 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-12-01 2025-11-30 06493063 core:PlantMachinery bus:Consolidated 2024-12-01 2025-11-30 06493063 core:FurnitureFittings bus:Consolidated 2024-12-01 2025-11-30 06493063 core:PlantMachinery 2025-11-30 06493063 core:PlantMachinery 2024-11-30 06493063 core:Subsidiary1 2024-12-01 2025-11-30 06493063 core:Subsidiary2 2024-12-01 2025-11-30 06493063 core:Subsidiary1 1 2024-12-01 2025-11-30 06493063 core:Subsidiary2 2 2024-12-01 2025-11-30 06493063 core:CurrentFinancialInstruments bus:Consolidated 2025-11-30 06493063 core:CurrentFinancialInstruments 2025-11-30 06493063 core:CurrentFinancialInstruments 2024-11-30 06493063 core:CurrentFinancialInstruments bus:Consolidated 1 2025-11-30 06493063 core:CurrentFinancialInstruments bus:Consolidated 1 2024-11-30 06493063 core:CurrentFinancialInstruments 2 2025-11-30 06493063 core:CurrentFinancialInstruments 2 2024-11-30 06493063 core:WithinOneYear bus:Consolidated 2025-11-30 06493063 core:WithinOneYear bus:Consolidated 2024-11-30 06493063 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2025-11-30 06493063 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2024-11-30 06493063 core:Non-currentFinancialInstruments bus:Consolidated 2025-11-30 06493063 core:Non-currentFinancialInstruments bus:Consolidated 2024-11-30 06493063 core:Non-currentFinancialInstruments 2025-11-30 06493063 core:Non-currentFinancialInstruments 2024-11-30 06493063 core:WithinOneYear 2025-11-30 06493063 core:WithinOneYear 2024-11-30 06493063 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 06493063 bus:FRS102 2024-12-01 2025-11-30 06493063 bus:Audited 2024-12-01 2025-11-30 06493063 bus:ConsolidatedGroupCompanyAccounts 2024-12-01 2025-11-30 06493063 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP