REGISTERED NUMBER: 00217422 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

POWER TORQUE ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P. Varney

A. Varney

J. Townley

H. Varney

Dr M. Varney

REGISTERED OFFICE:

27 Herald Way

Binley Industrial Estate

Coventry

West Midlands

CV3 2RQ

REGISTERED NUMBER:

00217422 (England and Wales)

AUDITORS:

Dafferns Audit Limited

Chartered Accountants

Statutory Auditor

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

4

733,043

662,602

CURRENT ASSETS

Stocks

2,570,189

2,293,145

Debtors

5

1,713,999

1,772,706

Cash at bank and in hand

2,589,764

2,142,308

6,873,952

6,208,159

CREDITORS

Amounts falling due within one year

6

1,784,514

1,291,057

NET CURRENT ASSETS

5,089,438

4,917,102

TOTAL ASSETS LESS CURRENT LIABILITIES

5,822,481

5,579,704

PROVISIONS FOR LIABILITIES

52,000

39,000

NET ASSETS

5,770,481

5,540,704

CAPITAL AND RESERVES

Called up share capital

7

66,667

66,667

Capital redemption reserve

33,333

33,333

Retained earnings

5,670,481

5,440,704

SHAREHOLDERS' FUNDS

5,770,481

5,540,704

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 20 October 2026 and were signed on its behalf by:

P. Varney - Director

1.	STATUTORY INFORMATION

Power Torque 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.

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.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, typically on dispatch of the goods.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Income Statement in the year in which they are incurred.

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

Freehold property

- 2% on cost

Plant & machinery

- 10% on cost

Fixtures & fittings

- 10% on cost

Motor vehicles

- 20% on cost

Computer equipment

- 25% on cost

Any gains and losses on the disposal of tangible fixed assets are recognised in the Income Statement in the year that the disposal takes place.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of finished goods available for distribution includes all costs in bringing the product to its current location and condition. The cost of modified goods incudes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Stocks are maintained on a first in, first out basis.

As stocks are sold, the carrying amount of those stocks is recognised as an expense in the year in which the related revenue is recognised.

At each reporting date, stocks are assessed for impairment and due allowances are made for obsolete and slow-moving items to reduce the carrying amount of these goods to their estimated selling price less costs to complete and sell. The amount of any write-down is recognised as an expense in the year that the write-down occurs. The reversal of any previous write-down is recognised as a reduction in the amount of stock expensed in the year that the reversal occurs.

Financial instruments

Basic financial instruments in 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 Statement of Comprehensive Income in other administrative expenses.

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.

Research and development expenditure

Research and development expenditure is charged to the Income Statement when as incurred.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The company has no further obligations once contributions have been paid.

Contributions to the defined contribution scheme are charged to the Income Statement as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2025 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2025

1,229,885

636,913

1,866,798

Additions

-

203,633

203,633

Disposals

-

(88,524

)

(88,524

)

At 30 April 2026

1,229,885

752,022

1,981,907

DEPRECIATION

At 1 May 2025

865,944

338,252

1,204,196

Charge for year

24,120

97,590

121,710

Eliminated on disposal

-

(77,042

)

(77,042

)

At 30 April 2026

890,064

358,800

1,248,864

NET BOOK VALUE

At 30 April 2026

339,821

393,222

733,043

At 30 April 2025

363,941

298,661

662,602

Included in cost of land and buildings is freehold land of £ 23,904 (2025 - £ 23,904 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,241,166

1,338,256

Other debtors

94,105

6,474

Tax

-

17,404

Prepayments

378,728

410,572

1,713,999

1,772,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,547,455

1,107,635

Taxation

55,978

-

Social security and other taxes

21,528

78,888

Other creditors

16,530

16,934

Accruals

143,023

87,600

1,784,514

1,291,057

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

16,667

Ordinary A

£1

16,667

16,667

50,000

Ordinary B

£1

50,000

50,000

66,667

66,667

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

The Report of the Auditors was unqualified.

Geoffrey Cox BA FCA (Senior Statutory Auditor)

for and on behalf of Dafferns Audit Limited

9.	CAPITAL COMMITMENTS

At 30 April 2026, the company had contracted capital commitments of £10,155 (2025: £nil) which had not been provided for in these financial statements.

10.	LEASING COMMITMENTS

At 30 April 2026, the company had total commitments under non-cancellable operating leases of £8,981(2025: £19,343).