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Registered number: 02750402
Terradat (UK) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr C L Bird
Dr R J McDonald
Mr N R Russill
Dr J W Thomas
Dr S R Hughes
Secretary Mr N R Russill
Company Number 02750402
Registered Office Unit 1 Link Trade Park,
Penarth Road
Cardiff
CF11 8TQ
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
Page 2
Balance Sheet
Registered number: 02750402
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 757,326 798,335
Investments 5 7,924 7,924
765,250 806,259
CURRENT ASSETS
Stocks 6 87,570 118,270
Debtors 343,110 446,031
Cash at bank and in hand 531,515 490,974
962,195 1,055,275
Creditors: Amounts Falling Due Within One Year (273,082 ) (292,184 )
NET CURRENT ASSETS (LIABILITIES) 689,113 763,091
TOTAL ASSETS LESS CURRENT LIABILITIES 1,454,363 1,569,350
Creditors: Amounts Falling Due After More Than One Year (185,852 ) (226,936 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (93,261 ) (103,440 )
NET ASSETS 1,175,250 1,238,974
CAPITAL AND RESERVES
Called up share capital 9 1,911 1,911
Capital redemption reserve 36 26
Profit and Loss Account 1,173,303 1,237,037
SHAREHOLDERS' FUNDS 1,175,250 1,238,974
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For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 19 August 2026 and were signed on its behalf by:
Mr N R Russill
Director
19 August 2026
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Terradat (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02750402 . The registered office is Unit 1 Link Trade Park,, Penarth Road, Cardiff, CF11 8TQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is 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 the revision and future periods where the revisions affects both current and future periods
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Straight line
Fixtures & Fittings 15% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2025: 22)
23 22
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2025 379,708 897,464 166,707 264,228 1,708,107
Additions - 27,716 24,669 8,729 61,114
Disposals - - (24,390 ) - (24,390 )
As at 28 February 2026 379,708 925,180 166,986 272,957 1,744,831
Depreciation
As at 1 March 2025 - 583,179 105,222 221,371 909,772
Provided during the period - 47,726 23,130 6,877 77,733
As at 28 February 2026 - 630,905 128,352 228,248 987,505
Net Book Value
As at 28 February 2026 379,708 294,275 38,634 44,709 757,326
As at 1 March 2025 379,708 314,285 61,485 42,857 798,335
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5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 March 2025 7,924
As at 28 February 2026 7,924
Provision
As at 1 March 2025 -
As at 28 February 2026 -
Net Book Value
As at 28 February 2026 7,924
As at 1 March 2025 7,924
6. Stocks
2026 2025
£ £
Stock 17,000 18,270
Work in progress 70,570 100,000
87,570 118,270
7. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 81,669 120,103
Bank loans and overdrafts 145,040 153,246
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 34,092 39,648
Later than one year and not later than five years 47,578 80,455
81,670 120,103
81,670 120,103
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,911 1,911
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