REGISTERED NUMBER: NI699609 (Northern Ireland)

Audited Financial Statements

for the Year Ended

31 December 2025

for

Reliance Automation Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Peter Creighton

Mark Kenworthy

Horace Kenworthy

William Walsh

REGISTERED OFFICE:

Unit B6 Kilbegs Business Park

Fergusons Way

Antrim

BT41 4LZ

REGISTERED NUMBER:

NI699609 (Northern Ireland)

AUDITORS:

M.B.McGrady & Co

Chartered Accountants

Statutory Auditors

Suite 2B

Cadogan House

322 Lisburn Road

Belfast

Co. Antrim

BT9 6GH

FIXED ASSETS

Tangible assets

4

137,362

172,859

CURRENT ASSETS

Debtors

5

130,389

47,031

Cash at bank and in hand

23,589

12,385

153,978

59,416

CREDITORS

Amounts falling due within one year

6

605,442

389,692

NET CURRENT LIABILITIES

(451,464

)

(330,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(314,102

)

(157,417

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(314,202

)

(157,517

)

(314,102

)

(157,417

)

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 11 September 2026 and were signed on its behalf by:

William Walsh - Director

1.	STATUTORY INFORMATION

Reliance Automation Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates may not equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the financial period are listed below:

(a) Establishing lives for depreciation purposes of tangible fixed assets

Long lived assets, consisting primarily of property, plant and equipment and motor vehicles comprise a significant portion of the total assets. The annual depreciation charge depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly reviews these asset lives and changes them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation charges for the period. Details of the useful lives is included in the accounting policies.

Going concern

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.

Tangible fixed assets

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

Leasehold improvements

-

20% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

12.5% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

When a provision is measured at present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs and in the profit and loss in the period it arises.

Contingent assets and liabilities

Contingent liabilities, arising as a result of past events, are not recognised when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date, or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company's control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.

Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 January 2025

89,197

46,495

8,089

Additions

-

425

-

At 31 December 2025

89,197

46,920

8,089

DEPRECIATION

At 1 January 2025

17,839

4,595

932

Charge for year

17,841

4,185

1,008

At 31 December 2025

35,680

8,780

1,940

NET BOOK VALUE

At 31 December 2025

53,517

38,140

6,149

At 31 December 2024

71,358

41,900

7,157

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

60,600

3,836

208,217

Additions

-

-

425

At 31 December 2025

60,600

3,836

208,642

DEPRECIATION

At 1 January 2025

11,190

802

35,358

Charge for year

12,120

768

35,922

At 31 December 2025

23,310

1,570

71,280

NET BOOK VALUE

At 31 December 2025

37,290

2,266

137,362

At 31 December 2024

49,410

3,034

172,859

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

(Unaudited)

£

£

Trade debtors

42,434

77

Amounts owed by group

undertakings

85,717

2,406

Other debtors

2,238

44,548

130,389

47,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

(Unaudited)

£

£

Trade creditors

944

3,178

Amounts owed to group undertakings

577,872

377,654

Taxation and social security

14,648

2,793

Other creditors

11,978

6,067

605,442

389,692

7.	LEASING AGREEMENTS

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

31/12/25

31/12/24

(Unaudited)

£

£

Within one year

15,000

15,000

Between one and five years

26,250

41,250

41,250

56,250

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

The Report of the Auditors was unqualified.

We draw attention to Note 10 to the financial statements, which describes the company’s net liability position and its reliance on the continued financial support of its parent company and fellow subsidiary. Our opinion is not modified in respect of this matter.

Kim Rainey (Senior Statutory Auditor)

for and on behalf of M.B.McGrady & Co

9.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is Reliance Industrial Holdings Limited, a company incorporated in the Republic of Ireland. The registered office of Reliance Industrial Holdings Limited is 50 Eastgate Drive, Eastgate Business Park, Little Island, Cork, Ireland.

10.	GOING CONCERN

The directors have considered the company’s net liability position and deficiency of shareholder funds as at 31 December 2025 of £314,102 (2024: £157,417). The directors have reviewed cash flow forecasts covering a period of 12 months from the expected date of approval of these financial statements.

The company is reliant upon the continued financial support of its immediate parent undertaking, Reliance Industrial Holdings Limited, and its fellow group undertaking, The Reliance Bearing and Gear Co. Ltd. They have provided letters of support confirming their intention to provide financial and operational support as may be necessary to enable the company to meet its liabilities as they fall due, and not to demand repayment of the balances currently due to them until the company has sufficient cash reserves to do so, for a period of 12 months from the date of approval of these financial statements.

Having made enquiries and considered the capacity of related parties to provide support, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

The financial statements do not include any adjustments that would result if the company was unable to continue as a going concern.