REGISTERED NUMBER: 04126555 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Naylor Technical Solutions Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E G Naylor

R Hadley

SECRETARY:

R Hadley

REGISTERED OFFICE:

Naylor House Valley Road

Wombwell

Barnsley

S73 0BS

REGISTERED NUMBER:

04126555 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

973,030

516,510

CURRENT ASSETS

Stocks

408,259

360,941

Debtors

5

541,793

709,727

Cash at bank and in hand

624,696

739,724

1,574,748

1,810,392

CREDITORS

Amounts falling due within one year

6

2,575,601

1,986,889

NET CURRENT LIABILITIES

(1,000,853

)

(176,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,823

)

340,013

PROVISIONS FOR LIABILITIES

81,898

97,856

NET (LIABILITIES)/ASSETS

(109,721

)

242,157

CAPITAL AND RESERVES

Called up share capital

112,500

112,500

Retained earnings

(222,221

)

129,657

SHAREHOLDERS' FUNDS

(109,721

)

242,157

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 November 2025 and were signed on its behalf by:

E G Naylor - Director

1.	STATUTORY INFORMATION

Naylor Technical Solutions Ltd. 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.

At 28 February 2025, the Company had Net Current Liabilities of £1,000,853 and negative Retained Earnings of £222,221. Despite this, the directors believe that the Going Concern basis remains appropriate, as the wider Naylor's Group will continue to provide the support required to enable Naylor Technical Solutions Limited to continue to operate as a Going Concern for at least the next twelve months.

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.

Plant and machinery

-

50% on cost, 33% on cost, 25% on cost, 20% on cost, 10% on cost and not provided

Office equipment

-

50% on cost, 33% on cost and not provided

Assets under construction

-

not provided

Assets under construction represents components for a lattice girder machine that have not yet been delivered in full. Once the remaining components have been delivered and the machine is in operation, it is transferred to plant and machinery. As a result, assets in the course of construction are not depreciated because they are not in use. Once transferred to plant and machinery, they are depreciated over their expected useful life as described above.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 the income statement 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Assets

Plant and

Office

under

machinery

equipment

construction

Totals

£

£

£

£

COST

At 1 March 2024

872,502

50,556

-

923,058

Additions

-

-

540,779

540,779

Disposals

(28,422

)

-

-

(28,422

)

At 28 February 2025

844,080

50,556

540,779

1,435,415

DEPRECIATION

At 1 March 2024

356,531

50,017

-

406,548

Charge for year

62,143

220

-

62,363

Eliminated on disposal

(6,526

)

-

-

(6,526

)

At 28 February 2025

412,148

50,237

-

462,385

NET BOOK VALUE

At 28 February 2025

431,932

319

540,779

973,030

At 29 February 2024

515,971

539

-

516,510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

500,428

677,856

Other debtors

41,365

31,871

541,793

709,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

356,348

243,471

Amounts owed to group undertakings

2,137,558

1,505,125

Taxation and social security

-

19,092

Other creditors

81,695

219,201

2,575,601

1,986,889

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

212,961

166,749

Between one and five years

781,708

610,066

In more than five years

840,875

858,771

1,835,544

1,635,586

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

The Report of the Auditors was unqualified.

Matthew Chadwick BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

9.	RELATED PARTY DISCLOSURES

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.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party throughout the financial year was Naylor Specialist Plastics Limited, the registered office is Naylor House Valley Road, Wombwell, Barnsley, England, S73 0BS.

The ultimate controlling party post year-end is Naylor Industries Ltd (formally Naylor Tradeco Ltd), the registered office address is Naylor House Valley Road, Wombwell, Barnsley, England, S73 0BS.

11.	REGISTRATION OF CHARGE

HSBC Invoice Finance (UK) LTD have a fixed charge over non vesting debts and floating charge secured on the property, plant and machinery and fixtures and fittings of Naylor Technical Solutions Ltd.

12.	GOING CONCERN

There was a net deficiency of assets at the balance sheet date. The group have confirmed their continued support for the business and a letter of support is in place. We therefore determine that the going concern basis is appropriate.