Fluid Science Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Fluid Science Limited for the year ended 30 November 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fluid Science Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Fluid Science Limited , as a body, in accordance with the terms of our engagement letter dated 31/03/2025. Our work has been undertaken solely to prepare for your approval the accounts of Fluid Science Limited and state those matters that we have agreed to state to the directors of Fluid Science Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fluid Science Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Fluid Science Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fluid Science Limited . You consider that Fluid Science Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Fluid Science Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

25th August 2026

Ascendis Accountants, Business & Tax Advisors Ltd

Chartered Certified Accountants, Taxation and Business Advisors

Unit 3, Building 2, The Colony Wilmslow

Altrincham Road

Wilmslow

SK9 4LY

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Fluid Science Limited

Balance Sheet

As At 30 November 2025

Balance Sheet

Registered number: 10274044

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		6,563		10,938
Tangible Assets	5		231,341		263,193

			237,904		274,131
CURRENT ASSETS
Stocks	6	560,015		498,487
Debtors	7	387,265		341,015
Cash at bank and in hand		40,191		116,775

		987,471		956,277
Creditors: Amounts Falling Due Within One Year	8	(722,796 )		(595,368 )

NET CURRENT ASSETS (LIABILITIES)			264,675		360,909

TOTAL ASSETS LESS CURRENT LIABILITIES			502,579		635,040

Creditors: Amounts Falling Due After More Than One Year	9		(82,635 )		(164,090 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,392 )		(42,919 )

NET ASSETS			389,552		428,031

CAPITAL AND RESERVES
Called up share capital	13		110		110
Profit and Loss Account			389,442		427,921

SHAREHOLDERS' FUNDS			389,552		428,031

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Fluid Science Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 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.

On behalf of the board

Mr Morgan Gray

Director

25th August 2026

The notes on pages 4 to 8 form part of these financial statements.

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Fluid Science Limited

Notes to the Financial Statements

For The Year Ended 30 November 2025

Notes to the Financial Statements

1. General Information

Fluid Science Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10274044 . The registered office is Unit 3b, Arbour Court, Knowsley Industrial Park, Kirkby, Liverpool, L33 7XE.

The company's principal place of business is Unit 3b, Arbour Court, Knowsley Industrial Park, Kirkby, L33 7XE.

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. Turnover

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

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

2.5. 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:

Building costs - plant & machinery	10% on Straight line
Leasehold	10% on Reducing balance
Plant & Machinery	10% on Reducing balance
Motor Vehicles	25% on Reducing balance
Fixtures & Fittings	25% on Reducing balance
Computer Equipment	25% on Straight line

2.6. 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 the profit and loss account as incurred.

2.7. 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.

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Fluid Science Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.8. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2024: 18)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 December 2024	43,752	20,000	63,752

As at 30 November 2025	43,752	20,000	63,752

Amortisation
As at 1 December 2024	32,814	20,000	52,814
Provided during the period	4,375	-	4,375

As at 30 November 2025	37,189	20,000	57,189

Net Book Value
As at 30 November 2025	6,563	-	6,563

As at 1 December 2024	10,938	-	10,938

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Fluid Science Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 December 2024	27,794	206,446	90,710	25,437
Additions	-	24,126	-	1,833
Disposals	-	(20,000 )	-	-
Revaluation	(350 )	-	-	-

As at 30 November 2025	27,444	210,572	90,710	27,270

Depreciation
As at 1 December 2024	4,731	57,150	31,512	8,561
Provided during the period	2,277	13,289	-	19,477
Disposals	-	(866 )	-	-

As at 30 November 2025	7,008	69,573	31,512	28,038

Net Book Value
As at 30 November 2025	20,436	140,999	59,198	(768 )

As at 1 December 2024	23,063	149,296	59,198	16,876


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 December 2024	28,433	378,820
Additions	2,759	28,718
Disposals	-	(20,000 )
Revaluation	-	(350 )

As at 30 November 2025	31,192	387,188

Depreciation
As at 1 December 2024	13,673	115,627
Provided during the period	6,043	41,086
Disposals	-	(866 )

As at 30 November 2025	19,716	155,847

Net Book Value
As at 30 November 2025	11,476	231,341

As at 1 December 2024	14,760	263,193

6. Stocks

	2025	2024
	£	£
Stock	560,015	498,487

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Fluid Science Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	340,288	301,394
Amounts owed by group undertakings	21,922	21,922
Other debtors	25,055	17,699

	387,265	341,015

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,928	13,928
Trade creditors	331,941	240,508
Bank loans and overdrafts	16,448	16,631
Amounts owed to group undertakings	22,012	52,214
Other creditors	243,636	161,000
Taxation and social security	94,831	111,087

	722,796	595,368

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,088	29,016
Bank loans	33,587	46,728
Other loans	33,960	88,346

	82,635	164,090

10. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Other Creditors	225,852		128,917

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,928	13,928
Later than one year and not later than five years	15,088	29,016

	29,016	42,944

	29,016	42,944

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Fluid Science Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 December 2024	42,919	42,919
Deferred taxation	(12,527 )	(12,527 )

Balance at 30 November 2025	30,392	30,392

13. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100
10 Ordinary B shares of £ 1 each	10	10

	110	110

14. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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