BrightAccountsProduction v1.0.0 v1.0.0 2025-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continued to be the manufacture and repair of trailers. 20 July 2026 13 13 NI042897 2026-04-30 NI042897 2025-04-30 NI042897 2024-04-30 NI042897 2025-05-01 2026-04-30 NI042897 2024-05-01 2025-04-30 NI042897 uk-bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 NI042897 uk-curr:PoundSterling 2025-05-01 2026-04-30 NI042897 uk-bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 NI042897 uk-bus:FullAccounts 2025-05-01 2026-04-30 NI042897 uk-bus:CompanySecretaryDirector1 2025-05-01 2026-04-30 NI042897 uk-bus:Director2 2025-05-01 2026-04-30 NI042897 uk-bus:Director3 2025-05-01 2026-04-30 NI042897 uk-bus:CompanySecretary1 2025-05-01 2026-04-30 NI042897 uk-bus:RegisteredOffice 2025-05-01 2026-04-30 NI042897 uk-bus:Agent1 2025-05-01 2026-04-30 NI042897 uk-core:ShareCapital 2026-04-30 NI042897 uk-core:ShareCapital 2025-04-30 NI042897 uk-core:RetainedEarningsAccumulatedLosses 2026-04-30 NI042897 uk-core:RetainedEarningsAccumulatedLosses 2025-04-30 NI042897 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2026-04-30 NI042897 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-04-30 NI042897 uk-bus:FRS102 2025-05-01 2026-04-30 NI042897 uk-core:Goodwill 2025-05-01 2026-04-30 NI042897 uk-core:VehiclesPlantMachinery 2025-05-01 2026-04-30 NI042897 uk-core:PlantMachinery 2025-05-01 2026-04-30 NI042897 uk-core:FurnitureFittingsToolsEquipment 2025-05-01 2026-04-30 NI042897 uk-core:MotorVehicles 2025-05-01 2026-04-30 NI042897 uk-core:Goodwill 2025-04-30 NI042897 uk-core:Goodwill 2026-04-30 NI042897 uk-core:CurrentFinancialInstruments 2026-04-30 NI042897 uk-core:CurrentFinancialInstruments 2025-04-30 NI042897 uk-core:WithinOneYear 2026-04-30 NI042897 uk-core:WithinOneYear 2025-04-30 NI042897 uk-core:WithinOneYear 2026-04-30 NI042897 uk-core:WithinOneYear 2025-04-30 NI042897 uk-core:OtherMiscellaneousReserve 2025-04-30 NI042897 uk-core:OtherMiscellaneousReserve 2025-05-01 2026-04-30 NI042897 uk-core:AcceleratedTaxDepreciationDeferredTax 2026-04-30 NI042897 uk-core:TaxLossesCarry-forwardsDeferredTax 2026-04-30 NI042897 uk-core:OtherDeferredTax 2026-04-30 NI042897 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2026-04-30 NI042897 uk-core:OtherMiscellaneousReserve 2026-04-30 NI042897 2025-05-01 2026-04-30 NI042897 uk-bus:AuditExempt-NoAccountantsReport 2025-05-01 2026-04-30 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI042897

C-Tec Commercial Vehicle Engineering Limited

Directors' Report and Unaudited Financial Statements

for the financial year ended 30 April 2026

C-Tec Commercial Vehicle Engineering Limited

DIRECTORS AND OTHER INFORMATION

Directors | Mr. Peter Connery
| Mr. Michael Connery
| Mr. Eugene Connery
Company Secretary | Mr. Peter Connery
Company Registration Number | NI042897
Registered Office | 16 Mount Charles
| Belfast
| BT7 1NZ
Business Address | Unit 5
| Station Rd Industrial Estate
| Station Road
| Magherafelt
| BT45 5EY
Accountants | Azets NI Limited
| 16 Mount Charles
| Belfast
| BT7 1NZ
Bankers | Ulster Bank Ltd
| 20 William Street
| Cookstown
| Co Tyrone
| BT80 8ND

C-Tec Commercial Vehicle Engineering Limited

DIRECTORS' REPORT

for the financial year ended 30 April 2026

The directors present their report and the unaudited financial statements for the financial year ended 30 April 2026.

Principal Activity

The principal activity of the company continued to be the manufacture and repair of trailers.

Results and Dividends

The profit for the financial year after providing for depreciation and taxation amounted to £429,035 (2025 - £242,599).

Directors

The directors who served during the financial year are as follows:

Mr. Peter Connery

Mr. Michael Connery

Mr. Eugene Connery

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' 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 elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and apply them consistently;
- | make judgements and accounting estimates that are reasonable and prudent;
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mr. Peter Connery

Director

20 July 2026

C-Tec Commercial Vehicle Engineering Limited

Company Registration Number: NI042897

BALANCE SHEET

as at 30 April 2026

|  |  | 2026 |  | 2025
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 5 | 48,311 |  | 54,272
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 6 | 79,000 |  | 150,000
Debtors |  | 7 | 327,785 |  | 347,432
Cash and cash equivalents |  |  | 3,244,915 |  | 2,874,129
|  |  | ───────── |  | ─────────
|  |  | 3,651,700 |  | 3,371,561
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 8 | (1,609,732) |  | (1,699,299)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 2,041,968 |  | 1,672,262
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 2,090,279 |  | 1,726,534
Provisions for liabilities |  | 10 | (4,192) |  | (4,232)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 2,086,087 |  | 1,722,302
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 3 |  | 3
Retained earnings |  |  | 2,086,084 |  | 1,722,299
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 2,086,087 |  | 1,722,302
|  |  | ═════════ |  | ═════════
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 20 July 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mr. Peter Connery |  |  |  |  |
Director |  |  |  |  |

C-Tec Commercial Vehicle Engineering Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 April 2026

1. | General Information
| C-Tec Commercial Vehicle Engineering Limited is a company limited by shares incorporated in Northern Ireland. 16 Mount Charles, Belfast, BT7 1NZ is the registered office.The principal place of busienss is Unit 5, Station Road Industrial Estate, Magherafelt, BT45 5EY. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the year ended 30 April 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Revenue is recognised upon customer receipt.
| Goodwill
| Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Short leasehold property | - | 2% Straight line
|  | Plant and machinery | - | 20% Reducing Balance
|  | Fixtures, fittings and equipment | - | 20% Reducing Balance
|  | Motor vehicles | - | 25% Reducing Balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Leasing
| Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was:
|  | 2026 | 2025
|  | Number | Number
| Employees | 13 | 13
|  | ═════════ | ═════════

4. | Intangible assets
|  | Goodwill | Total
|  | £ | £
| Cost
| At 1 May 2025 | 100,000 | 100,000
|  | ───────── | ─────────
| At 30 April 2026 | 100,000 | 100,000
|  | ───────── | ─────────
| Amortisation
| At 30 April 2026 | 100,000 | 100,000
|  | ───────── | ─────────
| Net book value
| At 30 April 2026 | - | -
|  | ═════════ | ═════════

5. | Tangible assets
|  | Short | Plant and | Fixtures, | Motor | Total
|  | leasehold | machinery | fittings and | vehicles |
|  | property |  | equipment |  |
|  | £ | £ | £ | £ | £
| Cost
| At 1 May 2025 | 37,775 | 157,211 | 31,836 | 32,700 | 259,522
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 30 April 2026 | 37,775 | 157,211 | 31,836 | 32,700 | 259,522
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Depreciation
| At 1 May 2025 | 8,310 | 141,108 | 28,008 | 27,824 | 205,250
| Charge for the financial year | 756 | 3,221 | 765 | 1,219 | 5,961
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| At 30 April 2026 | 9,066 | 144,329 | 28,773 | 29,043 | 211,211
|  | ───────── | ───────── | ───────── | ───────── | ─────────
| Net book value
| At 30 April 2026 | 28,709 | 12,882 | 3,063 | 3,657 | 48,311
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════
| At 30 April 2025 | 29,465 | 16,103 | 3,828 | 4,876 | 54,272
|  | ═════════ | ═════════ | ═════════ | ═════════ | ═════════

6. | Stocks | 2026 | 2025
|  | £ | £
| Finished goods and goods for resale | 79,000 | 150,000
|  | ═════════ | ═════════
| The replacement cost of stock did not differ significantly from the figures shown.

7. | Debtors | 2026 | 2025
|  | £ | £
| Trade debtors | 326,085 | 255,378
| Prepayments and accrued income | 1,700 | 92,054
|  | ───────── | ─────────
|  | 327,785 | 347,432
|  | ═════════ | ═════════

8. | Creditors | 2026 | 2025
| Amounts falling due within one year | £ | £
| Bank overdrafts | 86,915 | 189,988
| Bank loan | 2,137 | 2,585
| Trade creditors | 303,991 | 335,355
| Taxation and social security costs (Note 9) | 178,173 | 124,300
| Directors' current accounts | 999,896 | 1,008,696
| Accruals | 38,620 | 38,375
|  | ───────── | ─────────
|  | 1,609,732 | 1,699,299
|  | ═════════ | ═════════

9. | Taxation and social security | 2026 | 2025
|  | £ | £
| Creditors:
| VAT | 20,276 | 46,824
| Corporation tax | 150,399 | 70,160
| PAYE / NI | 7,498 | 7,316
|  | ───────── | ─────────
|  | 178,173 | 124,300
|  | ═════════ | ═════════

10. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Total | Total
|  | allowances |  |
|  |  | 2026 | 2025
|  | £ | £ | £
| At financial year start | 4,232 | 4,232 | 3,960
| Charged to profit and loss | (40) | (40) | 272
|  | ───────── | ───────── | ─────────
| At financial year end | 4,192 | 4,192 | 4,232
|  | ═════════ | ═════════ | ═════════

11. | Related party transactions
| During the year the company was charged rent of £20,400 (2024: £20,400) by C-Tec Rental Partnership, a partnership in which all 3 directors are also partners. The balance due to C-Tec Rental Partnership at the balance sheet date was £0 (2025: £0).