REGISTERED NUMBER: 10068881 (England and Wales)

Comtec Int UK Limited

Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

94,855

79,151

CURRENT ASSETS

Stocks

533,438

669,100

Debtors

5

438,057

484,055

Cash at bank

35,999

39,358

1,007,494

1,192,513

CREDITORS

Amounts falling due within one year

6

742,863

978,760

NET CURRENT ASSETS

264,631

213,753

TOTAL ASSETS LESS CURRENT LIABILITIES

359,486

292,904

PROVISIONS FOR LIABILITIES

23,407

18,617

NET ASSETS

336,079

274,287

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

236,079

174,287

336,079

274,287

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 25th March 2026 and were signed on its behalf by:

M Espersen - Director

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.

The directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on the going concern basis.

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.

Leasehold

Straight line over 10 years

Plant and Machinery etc

Straight line over 3 years

Rental equipment

Straight line over 7 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.

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 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Rental

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1st January 2025

76,863

60,165

-

137,028

Additions

-

1,678

36,033

37,711

At 31st December 2025

76,863

61,843

36,033

174,739

DEPRECIATION

At 1st January 2025

11,950

45,927

-

57,877

Charge for year

7,722

9,137

5,148

22,007

At 31st December 2025

19,672

55,064

5,148

79,884

NET BOOK VALUE

At 31st December 2025

57,191

6,779

30,885

94,855

At 31st December 2024

64,913

14,238

-

79,151

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

425,600

435,585

Other debtors

12,457

48,470

438,057

484,055

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

108,231

77,864

Amounts owed to group undertakings

543,209

827,781

Taxation and social security

79,123

70,768

Other creditors

12,300

2,347

742,863

978,760

Amounts owed to group undertakings are unsecured and repayable on demand. Interest is charged at base rate plus 2%.

7.	LEASING AGREEMENTS

The total amount of financial commitments not included in the balance sheet is £916,942 (2024 - £1,013,261). 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 FCA (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:

Fiskebrogade 19, 6700 Esbjerg, Denmark