REGISTERED NUMBER: 04599167 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

NEED2 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O P Syner

P Cresswell

SECRETARY:

C A Brearley

REGISTERED OFFICE:

Charter House

161 Newhall Street

Birmingham

West Midlands

B3 1SW

REGISTERED NUMBER:

04599167 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

CURRENT ASSETS

Cash at bank

35

6

CREDITORS

Amounts falling due within one year

4

182,429

83,203

NET CURRENT LIABILITIES

(182,394

)

(83,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(182,394

)

(83,197

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(182,494

)

(83,297

)

SHAREHOLDERS' FUNDS

(182,394

)

(83,197

)

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 29 October 2026 and were signed on its behalf by:

O P Syner - Director

1.	STATUTORY INFORMATION

Need2 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland", issued by the Financial Reporting Council and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Whilst the company had net liabilities at the year end, the main creditor, a fellow subsidiary has expressed their intention to continue supporting the company for the foreseeable future and hence the director considers the going concern basis to remain appropriate for preparation of the financial statements.

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.

Current 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - NIL ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

282

-

Amounts owed to group undertakings

179,147

79,193

Taxation and social security

-

1,010

Other creditors

3,000

3,000

182,429

83,203

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

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)

for and on behalf of Prime

6.	FINANCIAL COMMITMENTS

The company's bankers have an absolute assignment to the bank, and secondly a first fixed charge over all present and future property, book and other debts, chattels and unclaimed capital; and a first floating charge over all present and future assets and undertakings.

An unlimited multilateral guarantee exists between the bank and Need2 Limited, its fellow subsidiary companies, Entec International Limited and International Cargo Limited, and its parent company Entec Global Limited. At the year end £909,523 (2025: £1,023,593) was due to the bank under this arrangement.

7.	ULTIMATE PARENT COMPANY

The company is a subsidiary undertaking of Entec Global Limited, a company incorporated in England & Wales.

The group financial statements are prepared under Entec Global Limited. Copies of the financial statements can be obtained from the Companies House website, or alternatively, by contacting the company at their registered office at Charter House, 161 Newhall Street, Birmingham, England, B3 1SW.