Alto Energy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Alto Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10510963 . The registered office is Orchard Works Carterton Industrial Estate, Black Bourton Road, Carterton, Oxfordshire, OX18 3EZ.

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. Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.3. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.4. 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.

Rendering of services

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are the development costs of an app to assist plumbing and heating installers to access the accreditation services of the UK regulatory framework for installing heat pumps. The app had not gone live at the year end so consequently there has been no charge of amortisation in the period. Once the app is operational it will be amortised to the profit and loss account over its estimated economic life of 5 years.

2.6. 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:

Leasehold	5 years and 20 years - Straight line
Plant & Machinery	5 years and 20 years - Straight line
Motor Vehicles	3, 4 and 5 years - Straight line
Computer Equipment	3 years - Straight line

2.7. Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

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Alto Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. 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.

2.9. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Cost is determined using the first-in, first-out (FIFO) method. Appropriate provision is made for obsolete, slow-moving and defective items where necessary. Work in progress is valued at the lower of cost and net realisable value and is recognised on a contract-by-contract basis by recording turnover and the related costs as contract activity progresses.

2.10. 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.

2.11. 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.

2.12. 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: 47 (2024: 46)

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Alto Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	135,450
Additions	14,250

As at 31 December 2025	149,700

Net Book Value
As at 31 December 2025	149,700

As at 1 January 2025	135,450

There is no amortisation in the period as the asset was not in use at the year end.

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	91,366	96,248	471,084	13,828	672,526
Additions	-	-	38,399	-	38,399
Disposals	-	-	(56,936 )	-	(56,936 )

As at 31 December 2025	91,366	96,248	452,547	13,828	653,989

Depreciation
As at 1 January 2025	5,467	18,916	188,044	11,252	223,679
Provided during the period	7,942	9,770	93,738	2,576	114,026
Disposals	-	-	(47,447 )	-	(47,447 )

As at 31 December 2025	13,409	28,686	234,335	13,828	290,258

Net Book Value
As at 31 December 2025	77,957	67,562	218,212	-	363,731

As at 1 January 2025	85,899	77,332	283,040	2,576	448,847

6. Investments

	Subsidiaries
	£
Cost
As at 1 January 2025	62,950

As at 31 December 2025	62,950

Provision
As at 1 January 2025	-

As at 31 December 2025	-

...CONTINUED

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Alto Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	62,950

As at 1 January 2025	62,950

Subsidiaries

Details of the company's subsidiaries as at 31 December 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
Arcus Underfloor Limited	Orchard Works, Carterton Industrial Estate, Carterton OX18 3EZ	Ordinary £1 shares	60.00%	-
V4 Renewable Solutions Limited	Orchard Works, Carterton Industrial Estate, Carterton OX18 3EZ	Ordinary £1 shares	67.55%	-

7. Stocks

	2025	2024
	£	£
Stock	931,669	1,016,471
Work in progress	53,972	68,463

	985,641	1,084,934

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	454,218	847,768
Amounts owed by group undertakings	30,000	30,000
Other debtors	54,677	69,087

	538,895	946,855

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	90,638	111,431
Trade creditors	423,135	944,509
Other creditors	250,131	436,338
Taxation and social security	112,123	78,398

	876,027	1,570,676

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	35,041	96,588

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Alto Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	90,638	111,431
Later than one year and not later than five years	35,041	96,588

	125,679	208,019

	125,679	208,019

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2025	75,910	75,910
Utilised	(2,585 )	(2,585)

Balance at 31 December 2025	73,325	73,325

13. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,961	1,961

14. Other Commitments

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

	2025	2024
	£	£
Not later than one year	93,432	60,000
Later than one year and not later than five years	270,720	135,000
Later than five years	152,280	-

	516,432	195,000

15. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	98,040	264,708

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Alto Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

16. Related Party Disclosures

V4 Renewable Solutions Limited

Subsidiary company

During the year ended 31 December 2024 a loan of £30,000 was made to V4 Renewable Solutions Limited and this remains outstanding at the year end. The Company made sales of £270,616 (2024:£19,382) to V4 Renewable Solutions Limited. At the year end included in Trade debtors was £22,336 (2024: £9,252). During the year the Company bought supplies and services to the value of £129,794 (2024: £412,435) from V4 Renewable Solutions Limited. At the year end, included in Trade creditors was £Nil (2024: £30,945).

Alto Investment & Property Limited

The above named entity has been identified as a related party through common control with one of the directors

Alto Investment & Property Limited purchased the Orchard Works long leasehold from the Company on 7 April 2023 for £385,000. During the period the Company was charged rent of £64,662 (2024: £62,211) by Alto Investment & Property Limited. Included in Trade creditors at the year end was £NIL (2024: £NIL).

M Group Energy (Agility Eco Services) Limited

The above named entity holds a 15% shareholding in the Company

During the year the Company made sales of £620,309 (2024: £250,292) to Agility Eco Services Ltd. At the year end included in Trade debtors was £103,770 (2024: -£8,285). During the year the Company bought services of £1,088 (2024: £5,872) from Agility Eco Services Ltd.

Arcus Underfloor Limited

Subsidiary company

During the year the Company made sales of £52,840 (2024: £37,514) and purchases of £170,768 (2024: £Nil) to Arcus Underfloor Limited. At the year end included in Trade debtors was £8,375 (2024: £Nil). During the year the Company bought supplies and services to the value of £170,768 (2024: £143,698) from Arcus Underfloor Limited. At the year end, included in Trade creditors was £18,504 (2024: £13,018).

Mr R G Lowe

Director and shareholder

During the period the Company sold goods and services valued at £Nil (2024: £275) to the Director. There are no amounts unpaid at the year end.

Mr S J Greening

Director and shareholder

During the period the Company sold goods valued at £Nil (2024: £7,500) to the Director. There are no amounts unpaid at the year end.

17. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

18. Audit Information

The auditor's report on the accounts of Alto Energy Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Oliver White (Senior Statutory Auditor) for and on behalf of Affinia , Statutory Auditor.

Affinia

Henge Barn, Pury Hill Business Park

Alderton Road

Towcester

NN12 7LS

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		149,700		135,450
Tangible Assets	5		363,731		448,847
Investments	6		62,950		62,950

			576,381		647,247
CURRENT ASSETS
Stocks	7	985,641		1,084,934
Debtors	8	538,895		946,855
Cash at bank and in hand		912,652		1,150,374

		2,437,188		3,182,163
Creditors: Amounts Falling Due Within One Year	9	(876,027 )		(1,570,676 )

NET CURRENT ASSETS (LIABILITIES)			1,561,161		1,611,487

TOTAL ASSETS LESS CURRENT LIABILITIES			2,137,542		2,258,734

Creditors: Amounts Falling Due After More Than One Year	10		(35,041 )		(96,588 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(73,325 )		(75,910 )

NET ASSETS			2,029,176		2,086,236

CAPITAL AND RESERVES
Called up share capital	13		1,961		1,961
Share premium account			47,500		47,500
Capital redemption reserve			539		539
Profit and Loss Account			1,979,176		2,036,236

SHAREHOLDERS' FUNDS			2,029,176		2,086,236