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REGISTERED NUMBER: 10068881 (England and Wales)






















Comtec Int UK Limited

Financial Statements for the Year Ended 31st December 2024






Comtec Int UK Limited (Registered number: 10068881)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Comtec Int UK Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: M Espersen
J I Isaac





REGISTERED OFFICE: Unit B2 Chamberlain Road Business Park
Chamberlain Road
Hull
HU8 8HL





REGISTERED NUMBER: 10068881 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Comtec Int UK Limited (Registered number: 10068881)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 79,151 6,983

CURRENT ASSETS
Stocks 669,100 761,992
Debtors 5 484,055 315,155
Cash at bank 39,358 76,705
1,192,513 1,153,852
CREDITORS
Amounts falling due within one year 6 978,760 826,292
NET CURRENT ASSETS 213,753 327,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,904

334,543

PROVISIONS FOR LIABILITIES 18,617 -
NET ASSETS 274,287 334,543

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 174,287 234,543
274,287 334,543

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 22nd May 2025 and were signed on its behalf by:





M Espersen - Director


Comtec Int UK Limited (Registered number: 10068881)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Comtec Int UK 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.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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

LeaseholdStraight line over 10 years
Plant and Machinery etcStraight line over 3 years

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.

Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Comtec Int UK Limited (Registered number: 10068881)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

2. ACCOUNTING POLICIES - continued

Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.

Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1st January 2024 12,088 47,049 59,137
Additions 71,489 16,979 88,468
Disposals (6,714 ) (3,863 ) (10,577 )
At 31st December 2024 76,863 60,165 137,028
DEPRECIATION
At 1st January 2024 10,942 41,212 52,154
Charge for year 7,722 8,578 16,300
Eliminated on disposal (6,714 ) (3,863 ) (10,577 )
At 31st December 2024 11,950 45,927 57,877
NET BOOK VALUE
At 31st December 2024 64,913 14,238 79,151
At 31st December 2023 1,146 5,837 6,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 435,585 310,570
Other debtors 48,470 4,585
484,055 315,155

Comtec Int UK Limited (Registered number: 10068881)

Notes to the Financial Statements - continued
for the year ended 31st December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 77,864 197,525
Amounts owed to group undertakings 827,781 588,186
Taxation and social security 70,768 38,781
Other creditors 2,347 1,800
978,760 826,292

7. LEASING AGREEMENTS

The total amount of financial commitments not included in the balance sheet is £1,013,261 (2023 - £83,392). This relates to the minimum rent due on the lease of a building at the earliest break clause date in April 2034. The lease on the company's premises is guaranteed by the ultimate parent company.

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

The Report of the Auditors was unqualified.

William Cowell ACA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. ULTIMATE CONTROLLING PARTY

The parent of the smallest and largest group in which the results of the company are consolidated is Comtec International A/S incorporated in Denmark. The company's immediate and ultimate parent is Comtec International A/S.
The address of Comtec International A/S is:
Vesterhavsgade 153, DK-6700 Esbjerg, Denmark