REGISTERED NUMBER: 03644687 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

NCS TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Cardno

V P O'Toole

S Roberts

P A A Tomsett

REGISTERED OFFICE:

Unit 19 2m Trade Park

Beddow Way

Aylesford

Kent

ME20 7BT

REGISTERED NUMBER:

03644687 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

72,944

75,257

72,944

75,257

CURRENT ASSETS

Stocks

71,231

117,216

Debtors

6

269,926

227,615

Cash at bank and in hand

225,432

377,320

566,589

722,151

CREDITORS

Amounts falling due within one year

7

250,383

234,205

NET CURRENT ASSETS

316,206

487,946

TOTAL ASSETS LESS CURRENT LIABILITIES

389,150

563,203

CREDITORS

Amounts falling due after more than one year

8

(13,588

)

(6,664

)

PROVISIONS FOR LIABILITIES

(17,722

)

(18,214

)

NET ASSETS

357,840

538,325

CAPITAL AND RESERVES

Called up share capital

10

1,110

1,110

Share premium

9,172

9,172

Capital redemption reserve

100

100

Retained earnings

347,458

527,943

SHAREHOLDERS' FUNDS

357,840

538,325

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 and authorised for issue by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

M J Cardno - Director

1.	STATUTORY INFORMATION

NCS Technology 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.

Going concern

Accounting standards require the directors to assess the appropriateness of the going concern basis when preparing the financial statements. The directors have undertaken this assessment, covering a period of at least 12 months from the date of approval of these financial statements, and consider the going concern basis to remain appropriate.

Turnover in the year was lower than in the previous period, which benefited from a number of non-recurring projects that have since been completed. In response, the directors undertook a review of the business and implemented measures to improve efficiency, align the cost base with current levels of activity, and strengthen operational performance. Since the year end, trading has performed in line with management expectations.

The company maintains positive reserves, adequate cash balances, and access to banking facilities. The directors consider that the company's financial resources, together with its order book, trading prospects, and established relationships with customers, suppliers and lender, provide sufficient support for the business to meets its obligations as they fall due.

The directors have prepared profit and cash flow forecasts for the assessment period. These forecasts take account of the company's expected trading activity and commitments and indicate that the company will be able to operate within its available financial resources through the period under review.

In reaching their conclusion, the directors have also considered the company's obligations under the Employee Ownership Trust arrangements and are satisfied that these commitments can be managed in a manner consistent with maintaining appropriate levels of liquidity and working capital

Accordingly, the directors continue to adopt the going concern basis in preparing these financial statements.

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 is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax. Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue invoiced to customers in advance of performance of duties or delivery of good is recognised in deferred income in creditors. Any services or goods provided before the year end which have not been invoiced at the year end are recognised in accrued income in debtors.

Income that is contingent on events outside the control of the company is recognised when the contingent event occurs.

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.

Development costs are being amortised evenly over their estimated useful life of five 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.

Demo equipment

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

33.33% on cost

Stocks and work in progress

Stock is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress is valued at the lower of cost and net realisable value.

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

Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on the straight line basis over the anticipated life of the benefits arising from the completed product or project.

Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the profit and loss account.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2025 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

Cost

At 1 February 2025

7,111

2,726

9,837

Disposals

(7,111

)

(2,726

)

(9,837

)

At 31 January 2026

-

-

-

Amortisation

At 1 February 2025

7,111

2,726

9,837

Eliminated on disposal

(7,111

)

(2,726

)

(9,837

)

At 31 January 2026

-

-

-

Net book value

At 31 January 2026

-

-

-

At 31 January 2025

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Demo

Plant and

and

equipment

machinery

fittings

£

£

£

Cost

At 1 February 2025

33,575

108,300

52,440

Additions

-

1,180

-

Disposals

(5,125

)

(32,145

)

(38,427

)

At 31 January 2026

28,450

77,335

14,013

Depreciation

At 1 February 2025

29,309

100,682

49,950

Charge for year

532

1,853

291

Eliminated on disposal

(4,404

)

(31,698

)

(37,538

)

At 31 January 2026

25,437

70,837

12,703

Net book value

At 31 January 2026

3,013

6,498

1,310

At 31 January 2025

4,266

7,618

2,490

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1 February 2025

152,264

304,945

651,524

Additions

24,140

5,211

30,531

Disposals

(53,339

)

(252,190

)

(381,226

)

At 31 January 2026

123,065

57,966

300,829

Depreciation

At 1 February 2025

94,360

301,966

576,267

Charge for year

17,811

3,839

24,326

Eliminated on disposal

(46,888

)

(252,180

)

(372,708

)

At 31 January 2026

65,283

53,625

227,885

Net book value

At 31 January 2026

57,782

4,341

72,944

At 31 January 2025

57,904

2,979

75,257

The net book value of assets held under HP agreements was £35,317 (2025: £20,937).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

195,436

122,443

Other debtors

74,490

105,172

269,926

227,615

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 9)

6,244

2,971

Trade creditors

147,500

116,467

Taxation and social security

73,477

85,027

Other creditors

23,162

29,740

250,383

234,205

The hire purchase creditor is secured upon the assets to which it relates.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 9)

13,588

6,664

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

6,244

2,971

Between one and five years

13,588

6,664

19,832

9,635

Non-cancellable

operating leases

2026

2025

£

£

Within one year

17,500

15,625

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,110

Ordinary

1

1,110

1,110

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by NCS Employee Ownership Trustee Limited.