Company registration number 08862285 (England and Wales)
SEALED TIGHT SOLUTIONS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SEALED TIGHT SOLUTIONS LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
SEALED TIGHT SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
593,448
398,943
Current assets
Stocks
566,587
502,575
Debtors
4
2,652,802
2,531,977
Cash at bank and in hand
714,392
372,523
3,933,781
3,407,075
Creditors: amounts falling due within one year
5
(879,047)
(857,567)
Net current assets
3,054,734
2,549,508
Total assets less current liabilities
3,648,182
2,948,451
Provisions for liabilities
(133,408)
(84,954)
Net assets
3,514,774
2,863,497
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
3,513,774
2,862,497
Total equity
3,514,774
2,863,497

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
2026-04-14
D Jones
Director
Company registration number 08862285 (England and Wales)
SEALED TIGHT SOLUTIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
1,000
2,302,404
2,303,404
Year ended 31 December 2024:
Profit and total comprehensive income
-
560,093
560,093
Balance at 31 December 2024
1,000
2,862,497
2,863,497
Year ended 31 December 2025:
Profit and total comprehensive income
-
751,277
751,277
Dividends
-
(100,000)
(100,000)
Balance at 31 December 2025
1,000
3,513,774
3,514,774
SEALED TIGHT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Sealed Tight Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sealed Tight Solutions House, Stargate Industrial Estate, Ryton, Tyne and Wear, NE40 3DG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
25% reducing balance
Plant and equipment
25% reducing balance
Fixtures and fittings
20% reducing balance
Computers
25% reducing balance
Motor vehicles
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SEALED TIGHT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

SEALED TIGHT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
17
SEALED TIGHT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
-
0
593,263
24,910
31,067
94,225
743,465
Additions
15,150
299,011
32,159
6,258
-
0
352,578
At 31 December 2025
15,150
892,274
57,069
37,325
94,225
1,096,043
Depreciation and impairment
At 1 January 2025
-
0
239,601
13,086
24,219
67,616
344,522
Depreciation charged in the year
3,788
123,310
5,249
2,528
23,198
158,073
At 31 December 2025
3,788
362,911
18,335
26,747
90,814
502,595
Carrying amount
At 31 December 2025
11,362
529,363
38,734
10,578
3,411
593,448
At 31 December 2024
-
0
353,662
11,824
6,848
26,609
398,943
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
952,183
817,185
Amounts owed by group undertakings
1,582,526
1,191,653
Other debtors
75,651
511,090
Prepayments and accrued income
42,442
12,049
2,652,802
2,531,977
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
585,856
561,285
Corporation tax
203,340
160,800
Other taxation and social security
76,315
58,172
Accruals and deferred income
13,536
77,310
879,047
857,567
SEALED TIGHT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is qualified and includes the following:

Qualified of opinion on financial statements

In our opinion, except for the effects of the matters described in the matters described in the basis for qualified opinion section of our report, the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

We were not appointed as auditor of the company until after 31 December 2023 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities of £446,479 held at 31 December 2023, by using other audit procedures.

Consequently we were unable to determine whether there was any consequential effect on the cost of sales for the year ended 31 December 2024. Our audit opinion on the financial statements for the period ended 31 December 2024 was modified accordingly. Our opinion on the current period’s financial statements is also modified because of the possible effect of this matter on the comparability of the current period’s figures and the corresponding figures.

Matters on which we are required to report by exception

Arising solely from the limitation on the scope of our work relating to stock, described above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

- we were unable to determine whether adequate accounting records had been retained.

Senior Statutory Auditor:
Simon Brown BA ACA DChA
Statutory Auditor:
Azets Audit Services
Date of audit report:
14 April 2026
SEALED TIGHT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
1,198,894
1,348,602
8
Related party transactions
The company has not disclosed transactions with other group companies and key management personnel, as it has taken advantage of the exemptions contained within FRS 102.33.1A and FRS 102.33.7 respectively on the grounds that the company is a wholly owned subsidiary.
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2025
2024
£
£
Other related parties
535,197
188,514

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Other related parties
60,851
55,083
9
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
-
56,771
(56,771)
-
56,771
(56,771)
-
10
Parent company

The most senior parent entity producing publicly available financial statements is NGP Inc, incorporated in the USA, These financial statements are available upon request from 4985 East Raines Road, Memphis, TN 38118, USA.

2025-12-31 2025-01-01 false false false 14 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity D Jones L Smith C Smith III 08862285 2025-01-01 2025-12-31 08862285 2025-12-31 08862285 2024-12-31 08862285 core:LandBuildings core:OwnedOrFreeholdAssets 2025-12-31 08862285 core:PlantMachinery 2025-12-31 08862285 core:FurnitureFittings 2025-12-31 08862285 core:ComputerEquipment 2025-12-31 08862285 core:MotorVehicles 2025-12-31 08862285 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 08862285 core:PlantMachinery 2024-12-31 08862285 core:FurnitureFittings 2024-12-31 08862285 core:ComputerEquipment 2024-12-31 08862285 core:MotorVehicles 2024-12-31 08862285 core:WithinOneYear 2025-12-31 08862285 core:WithinOneYear 2024-12-31 08862285 core:CurrentFinancialInstruments 2025-12-31 08862285 core:CurrentFinancialInstruments 2024-12-31 08862285 core:ShareCapital 2025-12-31 08862285 core:ShareCapital 2024-12-31 08862285 core:RetainedEarningsAccumulatedLosses 2025-12-31 08862285 core:RetainedEarningsAccumulatedLosses 2024-12-31 08862285 core:ShareCapital 2023-12-31 08862285 core:RetainedEarningsAccumulatedLosses 2023-12-31 08862285 bus:Director1 2025-01-01 2025-12-31 08862285 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08862285 2024-01-01 2024-12-31 08862285 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08862285 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 08862285 core:PlantMachinery 2025-01-01 2025-12-31 08862285 core:FurnitureFittings 2025-01-01 2025-12-31 08862285 core:ComputerEquipment 2025-01-01 2025-12-31 08862285 core:MotorVehicles 2025-01-01 2025-12-31 08862285 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 08862285 core:PlantMachinery 2024-12-31 08862285 core:FurnitureFittings 2024-12-31 08862285 core:ComputerEquipment 2024-12-31 08862285 core:MotorVehicles 2024-12-31 08862285 2024-12-31 08862285 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08862285 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08862285 bus:FRS102 2025-01-01 2025-12-31 08862285 bus:Audited 2025-01-01 2025-12-31 08862285 bus:Director2 2025-01-01 2025-12-31 08862285 bus:Director3 2025-01-01 2025-12-31 08862285 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP