Custom Technology Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03147562

Custom Technology Solutions Limited

Filleted Financial Statements

31 August 2025

Custom Technology Solutions Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Custom Technology Solutions Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	108,454	137,341

Current assets

Stocks		326,507	284,256
Debtors	6	5,282,723	4,859,554
Cash at bank and in hand		523,531	190,821
		------------	------------
		6,132,761	5,334,631

Creditors: amounts falling due within one year	7	2,241,508	1,557,211
		------------	------------
Net current assets		3,891,253	3,777,420
		------------	------------
Total assets less current liabilities		3,999,707	3,914,761

Creditors: amounts falling due after more than one year	8	65,679	594,331

Provisions

Taxation including deferred tax	27,113	34,252
	------------	------------
Net assets	3,906,915	3,286,178
	------------	------------

Capital and reserves

Called up share capital	200	200
Profit and loss account	3,906,715	3,285,978
	------------	------------
Shareholders funds	3,906,915	3,286,178
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Custom Technology Solutions Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 30 March 2026 , and are signed on behalf of the board by:

Mr B L Evans	Mr M A H Kachingwe
Director	Director

Mr A J Marston
Director

Company registration number: 03147562

Custom Technology Solutions Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Belfont House, Mucklow Hill, Halesowen, West Midlands, B62 8DD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Borrowing costs All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Going concern

The directors have considered going concern with particular reference to the amounts owed to the company by other group companies. The directors have received confirmation of support from the other companies in the group and the group has also received confirmation from the ultimate shareholder that they will continue to support the entity to meet its liabilities as they fall due. The directors have no reason to believe that this will not be received, if required, and continue to prepare the accounts on this basis.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Ilektra Limited as at 31st August 2025 which can be obtained from 27 New Dover Road, Canterbury, England, CT1 3DN. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel. These exemptions have been applied on the basis that Ilektra Limited includes equivalent disclosures for Custom Technology Solutions Limited in its consolidated financial statements prepared in accordance with UK GAAP.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Inventories are measured at the lower of cost and net realisable value. The cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition and is assigned by using the weighted average cost formula. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. When inventories are sold, the carrying amount of those inventories is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of inventories to net realisable value and all losses of inventories are recognised as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realisable value, is recognised as a reduction in the number of inventories recognised as an expense in the period in which the reversal occurs.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 18 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	50,823	7,420	224,872	11,860	294,975
Additions	–	1,620	–	11,827	13,447
	--------	-------	---------	--------	---------
At 31 August 2025	50,823	9,040	224,872	23,687	308,422
	--------	-------	---------	--------	---------
Depreciation
At 1 September 2024	28,737	7,420	115,526	5,951	157,634
Charge for the year	10,005	236	28,525	3,568	42,334
	--------	-------	---------	--------	---------
At 31 August 2025	38,742	7,656	144,051	9,519	199,968
	--------	-------	---------	--------	---------
Carrying amount
At 31 August 2025	12,081	1,384	80,821	14,168	108,454
	--------	-------	---------	--------	---------
At 31 August 2024	22,086	–	109,346	5,909	137,341
	--------	-------	---------	--------	---------

Finance leases and hire purchase contracts Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

6. Debtors

	2025	2024
	£	£
Trade debtors	1,481,443	722,950
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,702,984	4,098,748
Other debtors	98,296	37,856
	------------	------------
	5,282,723	4,859,554
	------------	------------

Included in trade debtors is £1,299,749 (2024: £568,530) of book debts purchased by IGF Business Credit Ltd. The factor has a full recourse on the company for unpaid debts.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	739,752	377,281
Trade creditors	555,871	681,366
Amounts owed to group undertakings and undertakings in which the company has a participating interest	184,247	8,793
Corporation tax	16,397	103,985
Social security and other taxes	157,063	88,083
Other creditors	588,178	297,703
	------------	------------
	2,241,508	1,557,211
	------------	------------

The company has a charge, both fixed and floating, as security against its liabilities. IGF Invoice Finance Limited (Charge number: 0314 7562 0002), a fixed charge over the property owned by Custom Technology Solutions Limited , all land vested in or charged to the owner including all fixtures and fittings and rents receivable, all plant and machinery including any associated warranties and maintenance contracts, all the goodwill of the owner’s business, any uncalled capital, all stock, shares and other securities held by the owner or by a subsidiary of the owner, all intellectual property, licenses, claims, insurance policies, proceeds of any insurance and any other legal rights. Charge number 0314 7562 002 also contains a floating charge over all of the other property, assets and rights of Custom Technology Solutions Limited which are not subject to a fixed charge by any party. The balance due at the period end is £739,752 (2024: £852,260) Prefequity LLP (Charge number: 0314 7562 0003), a fixed charge over the property owned by Custom Technology Solutions Limited , all estates and interests in freehold, leasehold, heritable and other immovable property, all buildings, fixtures (including trade fixtures), fittings, and fixed plant or machinery at any time on that property, all easements, servitudes, rights and agreements in respect of that property, all rents from and proceeds of sale of that property, and the benefit of all covenants given in respect of that property, all intellectual property including; patents, trademarks, service marks, designs, business names, copyrights, database rights, design rights, domain names, moral rights, inventions, confidential information, know-how and other intellectual property rights and interests, the benefits of all applications and rights to use such assets of the Chargers. Charge number 0314 7562 0003 also contains a floating charge over all of the other property, assets and rights of Custom Technology Solutions Limited which are not subject to a fixed charge by any party.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	495,833
Other creditors	65,679	98,498
	--------	---------
	65,679	594,331
	--------	---------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	33,333	16,263
Later than 1 year and not later than 5 years	70,400	–
	---------	--------
	103,733	16,263
	---------	--------

10. Contingencies

The company has contingent liabilities of £579,108 (2024: £1,795,236) relating to consolidated group debt to the group's factoring providers. The company has contingent liabilities of £7,815,439 (2024: £Nil) relating to consolidated group debt to the group's finance providers.

11. Summary audit opinion

The auditor's report dated 27 August 2026 was unqualified .

The senior statutory auditor was Andrew Collyer MSc ACA , for and on behalf of Burgess Hodgson Audit Limited .

12. Related party transactions

Related party transactions with group companies have not been disclosed as consolidated accounts are prepared by the parent entity. Rent of £31,992 (2024: £31,992) was paid to a director during the period.

13. Controlling party

The immediate parent of the company is Eberbach Limited. The ultimate parent and controlling party, and the parent of both the largest and smallest group for which consolidated accounts are available, is Ilektra Limited . Both companies are registered at 27 New Dover Road, Canterbury, Kent, CT1 3DN .