REGISTERED NUMBER: 12092128 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Teksan UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Basegmezler

D Ar

Y Teksan

E Ata Erduran

SECRETARY:

L P Round

REGISTERED OFFICE:

Unit 8 Frankley Industrial Estate

Tay Road

Frankley

Birmingham

B45 0LD

REGISTERED NUMBER:

12092128 (England and Wales)

AUDITORS:

Smith & Goulding Limited

2 Southport Road

Chorley

Lancashire

PR7 1LB

FIXED ASSETS

Tangible assets

4

21,069

23,419

CURRENT ASSETS

Stocks

514,463

530,547

Debtors

5

336,657

559,791

Cash at bank

269,775

128,801

1,120,895

1,219,139

CREDITORS

Amounts falling due within one year

6

528,785

375,630

NET CURRENT ASSETS

592,110

843,509

TOTAL ASSETS LESS CURRENT LIABILITIES

613,179

866,928

PROVISIONS FOR LIABILITIES

5,148

5,855

NET ASSETS

608,031

861,073

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

608,030

861,072

SHAREHOLDERS' FUNDS

608,031

861,073

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 26 September 2025 and were signed on its behalf by:

Y Teksan - Director

1.	STATUTORY INFORMATION

Teksan UK 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The company meets its day to day working capital requirements via its trading activities and extended credit terms provided by its parent company, which is also its main supplier. The Directors have obtained assurances of the continued support of the parent company for at least 12 months from the date of signing these accounts.

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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

20,667

5,505

17,074

-

43,246

Additions

-

1,098

-

2,978

4,076

At 31 December 2024

20,667

6,603

17,074

2,978

47,322

DEPRECIATION

At 1 January 2024

13,251

2,307

4,269

-

19,827

Charge for year

1,854

983

3,201

388

6,426

At 31 December 2024

15,105

3,290

7,470

388

26,253

NET BOOK VALUE

At 31 December 2024

5,562

3,313

9,604

2,590

21,069

At 31 December 2023

7,416

3,198

12,805

-

23,419

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

234,206

519,530

Other debtors

14,950

21,775

Tax

75,563

-

Prepayments

11,938

18,486

336,657

559,791

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

434,264

50,827

Taxation

-

105,019

VAT

66,050

188,849

Pension fund

1,766

817

Accrued expenses

26,705

30,118

528,785

375,630

7.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

59,161

21,124

Between one and five years

191,795

2,715

250,956

23,839

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

The Report of the Auditors was unqualified.

Andrew Simm FCA (Senior Statutory Auditor)

for and on behalf of Smith & Goulding Limited

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Teksan Jenerator Elektrik Sanayi ve Ticaret A.S., incorporated in Turkey and located at Yenidogan Mahallesi, Edebali Caddesi No: 12, 34791 Sancaktepe, Istanbul, Turkey.