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Registration number: 05797607

Mowtec Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2026

Mowtec Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

Mowtec Limited

Company Information

Directors | Mr Malcolm Lord Alexander Hooley Debbie McClellan Mr Garry Allen Shaw Mr Andrew Holmes

Registered office | Unit 3 Garden Court Gee Road Coalville Leicestershire England LE67 4NB

Accountants | Evolve Accountants and Business Advisors Limited Unit 10 Phoenix Park Stephenson Industrial Estate Telford Way Coalville Leicestershire LE67 3HB

Mowtec Limited

(Registration number: 05797607)
Abridged Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 53,849 | 67,532
Current assets |  |  |
Stocks | 5 | 27,052 | 25,239
Debtors |  | 493,103 | 448,422
Cash at bank and in hand |  | 176,694 | 110,119
|  | 696,849 | 583,780
Prepayments and accrued income |  | 3,440 | 2,840
Creditors: Amounts falling due within one year |  | (229,824) | (154,319)
Net current assets |  | 470,465 | 432,301
Total assets less current liabilities |  | 524,314 | 499,833
Provisions for liabilities |  | (13,462) | (16,883)
Accruals and deferred income |  | (43,570) | (49,583)
Net assets |  | 467,282 | 433,367
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 467,182 | 433,267
Shareholders' funds |  | 467,282 | 433,367

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2026 and signed on its behalf by:

Mowtec Limited

(Registration number: 05797607)
Abridged Balance Sheet as at 31 March 2026

......................................... Mr Andrew Holmes Director

Mowtec Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3 Garden Court
Gee Road
Coalville
Leicestershire
LE67 4NB
England

These financial statements were authorised for issue by the Board on 14 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Mowtec Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Short leasehold land and buildings | 33.33% Straight Line
Plant and machinery | 20% Straight Line
Office equipment | 25% Straight Line
Fixtures and fittings | 25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Mowtec Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2025 - 13).

Mowtec Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Short leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 April 2025 | 8,035 | 8,535 | 119,570 | 1,668
Additions | - | - | 2,885 | 274
At 31 March 2026 | 8,035 | 8,535 | 122,455 | 1,942
Depreciation
At 1 April 2025 | 8,035 | 3,303 | 57,519 | 1,419
Charge for the year | - | 1,452 | 15,171 | 219
At 31 March 2026 | 8,035 | 4,755 | 72,690 | 1,638
Carrying amount
At 31 March 2026 | - | 3,780 | 49,765 | 304
At 31 March 2025 | - | 5,232 | 62,051 | 249

| Total £
Cost or valuation
At 1 April 2025 | 137,808
Additions | 3,159
At 31 March 2026 | 140,967
Depreciation
At 1 April 2025 | 70,276
Charge for the year | 16,842
At 31 March 2026 | 87,118
Carrying amount
At 31 March 2026 | 53,849
At 31 March 2025 | 67,532

5 | Stocks

| 2026 £ | 2025 £
Other inventories | 27,052 | 25,239

Mowtec Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

6 | Dividends

Interim dividends paid

|  | 2026 £ |  | 2025 £
Interim dividend of £4,666.67 (2025 - £2,666.67) per each Ordinary A Shares |  | 350,000 |  | 200,000
Interim dividend of £Nil per each Ordinary B Shares |  | - |  | -
|  | 350,000 |  | 200,000