REGISTERED NUMBER: 02100158 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LARCHTOWER ENGINEERING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P F Miles

J G Zaslawski

J R Zaslawski

SECRETARY:

J R Zaslawski

REGISTERED OFFICE:

Unit 1a Ashville Industrial Estate

Ashville Road

Gloucester

GL2 5EU

REGISTERED NUMBER:

02100158 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

England

GL50 3PR

FIXED ASSETS

Intangible assets

4

2,083

4,840

Tangible assets

5

684,433

582,983

686,516

587,823

CURRENT ASSETS

Stocks

1,354,695

1,734,835

Debtors

6

1,002,945

667,132

Cash at bank and in hand

112,126

43,762

2,469,766

2,445,729

CREDITORS

Amounts falling due within one year

7

946,413

899,465

NET CURRENT ASSETS

1,523,353

1,546,264

TOTAL ASSETS LESS CURRENT LIABILITIES

2,209,869

2,134,087

CREDITORS

Amounts falling due after more than one year

8

(294,641

)

(204,680

)

PROVISIONS FOR LIABILITIES

(158,517

)

(83,587

)

NET ASSETS

1,756,711

1,845,820

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,756,709

1,845,818

SHAREHOLDERS' FUNDS

1,756,711

1,845,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

P F Miles - Director

1.	STATUTORY INFORMATION

Larchtower Engineering 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.

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

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.

Intellectual Property are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost and 10% on cost

Motor vehicles

-

25% on cost and 20% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax

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, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 59 (2024 - 54 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

Computer

Goodwill

Property

software

Totals

£

£

£

£

Cost

At 1 January 2025

260,000

11,880

48,456

320,336

Disposals

(260,000

)

-

(29,745

)

(289,745

)

At 31 December 2025

-

11,880

18,711

30,591

Amortisation

At 1 January 2025

260,000

10,436

45,060

315,496

Amortisation for year

-

144

2,059

2,203

Eliminated on disposal

(260,000

)

-

(29,191

)

(289,191

)

At 31 December 2025

-

10,580

17,928

28,508

Net book value

At 31 December 2025

-

1,300

783

2,083

At 31 December 2024

-

1,444

3,396

4,840

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 January 2025

1,224,959

380,778

155,951

1,761,688

Additions

236,842

8,139

5,000

249,981

Disposals

(594,076

)

(132,351

)

(12,682

)

(739,109

)

At 31 December 2025

867,725

256,566

148,269

1,272,560

Depreciation

At 1 January 2025

809,320

277,438

91,947

1,178,705

Charge for year

86,342

33,770

26,920

147,032

Eliminated on disposal

(592,948

)

(131,980

)

(12,682

)

(737,610

)

At 31 December 2025

302,714

179,228

106,185

588,127

Net book value

At 31 December 2025

565,011

77,338

42,084

684,433

At 31 December 2024

415,639

103,340

64,004

582,983

During the year, the directors completed a review of the useful economic lives of the company’s plant and machinery assets. As a result of this review, it was determined that a straight-line depreciation rate of 10% per annum is the most appropriate basis for all items of plant and machinery.

Previously, plant and machinery assets were depreciated using a range of rates. The change has been treated as a change in accounting estimate and has therefore been applied prospectively in the current year.

The effect of the change has been recognised in the current year’s profit and loss account. There has been no impact on prior year figures.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1 January 2025

219,427

102,377

321,804

Additions

211,536

-

211,536

At 31 December 2025

430,963

102,377

533,340

Depreciation

At 1 January 2025

47,020

39,828

86,848

Charge for year

43,097

25,594

68,691

Transfer to ownership

(21,000

)

-

(21,000

)

At 31 December 2025

69,117

65,422

134,539

Net book value

At 31 December 2025

361,846

36,955

398,801

At 31 December 2024

172,407

62,549

234,956

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

418,163

222,200

Other debtors

584,782

444,932

1,002,945

667,132

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

191,196

80,173

Hire purchase contracts (see note 9)

86,555

50,321

Trade creditors

495,793

648,865

Taxation and social security

62,581

47,932

Other creditors

110,288

72,174

946,413

899,465

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

294,641

204,680

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

86,555

50,321

Between one and five years

294,641

204,680

381,196

255,001

Non-cancellable

operating leases

2025

2024

£

£

Within one year

7,214

8,214

Between one and five years

1,202

7,816

8,416

16,030

10.	RELATED PARTY DISCLOSURES