REGISTERED NUMBER: 01000995 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2026

for

Silteq Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Dunbar

Mr D Russell

Mr J King

Mrs J Caldwell

Mr M Hurst

Mr S Speak

SECRETARY:

Mr S J Dunbar

REGISTERED OFFICE:

Lynstock Way

Lostock

Bolton

Lancashire

BL6 4QR

REGISTERED NUMBER:

01000995 (England and Wales)

ACCOUNTANTS:

Fact3

3 Hardman Square

Spinningfields

Manchester

M3 3EB

FIXED ASSETS

Intangible assets

4

3,181

8,239

Tangible assets

5

1,064,324

167,225

1,067,505

175,464

CURRENT ASSETS

Stocks

648,664

782,239

Debtors

6

1,174,646

1,360,642

Cash at bank

588,329

826,468

2,411,639

2,969,349

CREDITORS

Amounts falling due within one year

7

879,640

1,047,492

NET CURRENT ASSETS

1,531,999

1,921,857

TOTAL ASSETS LESS CURRENT LIABILITIES

2,599,504

2,097,321

CREDITORS

Amounts falling due after more than one year

8

(195,833

)

-

PROVISIONS FOR LIABILITIES

9

(122,873

)

(45,811

)

NET ASSETS

2,280,798

2,051,510

CAPITAL AND RESERVES

Called up share capital

526

526

Retained earnings

10

2,280,272

2,050,984

2,280,798

2,051,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by:

Mr D Russell - Director

1.	STATUTORY INFORMATION

Silteq 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.

Turnover

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

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.

Computer software 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 etc - 25% on cost and 10% on costs

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 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.

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 19 (2025 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

53,542

AMORTISATION

At 1 April 2025

45,303

Charge for year

5,058

At 31 March 2026

50,361

NET BOOK VALUE

At 31 March 2026

3,181

At 31 March 2025

8,239

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

586,603

Additions

953,474

Disposals

15,239

At 31 March 2026

1,555,316

DEPRECIATION

At 1 April 2025

419,378

Charge for year

73,595

Eliminated on disposal

(1,981

)

At 31 March 2026

490,992

NET BOOK VALUE

At 31 March 2026

1,064,324

At 31 March 2025

167,225

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

982,407

966,698

Amounts owed by group undertakings

119,752

116,847

Other debtors

72,487

277,097

1,174,646

1,360,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

50,000

-

Trade creditors

323,542

339,329

Amounts owed to group undertakings

165,000

323,337

Taxation and social security

209,681

240,107

Other creditors

131,417

144,719

879,640

1,047,492

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

195,833

-

The company's obligations under hire purchase and asset finance agreements included within creditors falling due within and after more than one year are secured against the assets financed under the respective agreements.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Tax losses carried forward

(143,337

)

-

Deferred tax

266,210

45,811

122,873

45,811

Deferred

tax

£

Balance at 1 April 2025

45,811

Charge to Income Statement during year

220,399

Deferred tax assets at 25%

(143,337

)

Balance at 31 March 2026

122,873

Deferred tax asset

A deferred tax asset has been recognised in respect of the trading losses carried forward. The losses arose primarily as a result of the accelerated capital allowances claimed on qualifying additions to plant and machinery during the financial year.

At the balance sheet date, the company had trading losses carried forward of £573,347. The related deferred tax asset has been recognised to the extent that it is considered probable that the losses will be recoverable against the reversal of taxable timing differences and/or future taxable profits.

The deferred tax asset has been measured using the corporation tax rate expected to apply when the timing differences reverse.

10.

RESERVES

Retained

earnings

£

At 1 April 2025

2,050,984

Profit for the year

229,288

At 31 March 2026

2,280,272

11.	RELATED PARTY DISCLOSURES

During the year, the company was charged £44,000 (2025: £44,000) management charges along with £89,250 (2025: £89,250) rent by its ultimate holding company, Richard Threlfall Group Limited. The Company has received interest of £nil (2025: £nil) on its loan account during the year. The balance due from Richard Threlfall Group Limited as at 31 March 2026 was £119,752 (2025 due from: £116,847).

The balance due to Orseal Limited was £165,000 (2025 due to: £323,337).

All transactions occurred on an arm's length basis.

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Richard Threlfall Group Limited by virtue of owing 100% of the issued share capital of the company.