REGISTERED NUMBER: 04534240 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COMTEC TRANSLATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S I Howe

Mr D J Howe

SECRETARY:

Mrs S I Howe

REGISTERED OFFICE:

3 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

REGISTERED NUMBER:

04534240 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

85,640

124,383

85,640

124,383

CURRENT ASSETS

Debtors

6

892,320

1,344,850

Cash at bank and in hand

739,699

747,000

1,632,019

2,091,850

CREDITORS

Amounts falling due within one year

7

531,984

837,702

NET CURRENT ASSETS

1,100,035

1,254,148

TOTAL ASSETS LESS CURRENT LIABILITIES

1,185,675

1,378,531

CREDITORS

Amounts falling due after more than one year

8

-

(57,167

)

PROVISIONS FOR LIABILITIES

(21,075

)

(30,687

)

NET ASSETS

1,164,600

1,290,677

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,164,500

1,290,577

SHAREHOLDERS' FUNDS

1,164,600

1,290,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 16 September 2025 and were signed on its behalf by:

Mrs S I Howe - Director

1.	STATUTORY INFORMATION

Comtec Translations 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. Except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount in connection with the acquisitions of a business in 2007 and 2015, has been fully amortised over its estimated useful life of ten years and two years respectively.

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 three years.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

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.

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.

Work in progress

Work in progress is valued at selling price and is shown within turnover with the corresponding amount receivable shown within Debtors under 'Amounts recoverable on long term contracts'.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

224,184

24,204

248,388

AMORTISATION

At 1 April 2024

and 31 March 2025

224,184

24,204

248,388

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

77,038

77,413

30,071

137,352

321,874

DEPRECIATION

At 1 April 2024

34,226

50,597

18,043

94,625

197,491

Charge for year

15,407

6,711

6,014

10,611

38,743

At 31 March 2025

49,633

57,308

24,057

105,236

236,234

NET BOOK VALUE

At 31 March 2025

27,405

20,105

6,014

32,116

85,640

At 31 March 2024

42,812

26,816

12,028

42,727

124,383

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

526,644

827,530

Amounts recoverable on contract

270,365

422,879

Other debtors

95,311

94,441

892,320

1,344,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

49,000

Trade creditors

202,762

309,997

Amounts owed to group undertakings

7,513

10,493

Taxation and social security

166,057

140,218

Other creditors

155,652

327,994

531,984

837,702

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

57,167

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Between one and five years

151,587

223,987

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs S I Howe

Balance outstanding at start of year

9,654

(105

)

Amounts advanced

614

11,108

Amounts repaid

(1,561

)

(1,349

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,707

9,654

Mr D J Howe

Balance outstanding at start of year

9,187

(464

)

Amounts advanced

-

10,500

Amounts repaid

(1,256

)

(849

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,931

9,187

11.	ULTIMATE PARENT COMPANY

The ultimate parent company is Noodle Bear Limited (14407624).