REGISTERED NUMBER: 15660146 (England and Wales)

Sweeptech North East Limited

Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S D Carter

Mrs S Gilbert

Mr M A Smith

REGISTERED OFFICE:

Sweeptech House

London Road

Hickstead

Haywards Heath

West Sussex

RH17 5LZ

REGISTERED NUMBER:

15660146 (England and Wales)

AUDITORS:

Swindells LLP

Chartered Accountants

and Statutory Auditor

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

541,236

608,191

Tangible assets

5

54,413

90,404

595,649

698,595

CURRENT ASSETS

Stocks

9,987

9,987

Debtors

6

2,404,483

968,402

Cash at bank

155

155

2,414,625

978,544

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

975,310

202,491

NET CURRENT ASSETS

1,439,315

776,053

TOTAL ASSETS LESS CURRENT LIABILITIES

2,034,964

1,474,648

CAPITAL AND RESERVES

Called up share capital

10

100

100

Share premium

11

779,793

779,793

Retained earnings

11

1,255,071

694,755

SHAREHOLDERS' FUNDS

2,034,964

1,474,648

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr S D Carter - Director

1.	STATUTORY INFORMATION

Sweeptech North East Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

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.

Significant judgements and estimates

In the application of the company’s accounting policies, the directors are 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 of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

50% on cost, 33% on cost and 20% on cost

Fixtures and fittings

-

50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial liabilities

Basic financial liabilities, including creditors, bank and other loans, are recognised at transaction price including transaction costs

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2025 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

669,571

AMORTISATION

At 1 April 2025

61,380

Charge for year

66,955

At 31 March 2026

128,335

NET BOOK VALUE

At 31 March 2026

541,236

At 31 March 2025

608,191

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

99,735

21,165

120,900

DEPRECIATION

At 1 April 2025

23,292

7,204

30,496

Charge for year

25,409

10,582

35,991

At 31 March 2026

48,701

17,786

66,487

NET BOOK VALUE

At 31 March 2026

51,034

3,379

54,413

At 31 March 2025

76,443

13,961

90,404

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

470,318

418,240

Amounts owed by group undertakings

1,917,766

540,296

Other debtors

16,399

9,866

2,404,483

968,402

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

222,814

6,047

Amounts owed to group undertakings

36,440

36,955

Taxation and social security

346,621

101,331

Other creditors

369,435

58,158

975,310

202,491

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

1,300,964

1,300,964

Between one and five years

2,735,480

4,036,444

4,036,444

5,337,408

9.	SECURED DEBTS

Bank borrowings are secured by way of a fixed and floating charge over the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2025

694,755

779,793

1,474,548

Profit for the year

560,316

-

560,316

At 31 March 2026

1,255,071

779,793

2,034,864

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melanie Richardson BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Swindells LLP

13.	CONTINGENT LIABILITIES

The company has provided an unlimited multilateral guarantee dated 8 May 2024 to the group bankers, in respect of its fellow subsidiaries and the group parent company.

14.	ULTIMATE CONTROLLING PARTY

The company's parent undertaking is Sweeptech Environmental Services Limited, a company

registered in England and Wales with the registration number 08444296.

The ultimate controlling party is Mr M A Smith.