Registration number:
Tennants UK Limited
for the Year Ended 30 November 2025
Tennants UK Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Tennants UK Limited
Company Information
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Directors |
Mr Jeremy James Curtis Mr Anthony John Beecroft Ms Donna Friskney |
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Company secretary |
Mr Anthony John Beecroft |
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Registered office |
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Auditors |
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Tennants UK Limited
Strategic Report for the Year Ended 30 November 2025
The directors present their strategic report for the year ended 30 November 2025.
Principal activity
The principal activity of the company is the manufacture, design and distribution of number plates and road traffic signs, and the distribution of reflective sheeting.
Fair review of the business
The directors report that due to challenging conditions within the industry, the company's annual turnover reduced to £13.8m (2024: £14.4m). Gross profit margin also decreased, again due to the challenging conditions to 25.1% (2024: 26.0%), with pre-tax profits decreasing from £1.45m (2024) to £1.15m (2025). Despite these decreases the company is still in a strong position for future expansion and further investment in research and development.
The company's balance sheet also shows a satisfactory position overall, with net assets being maintained at a level required to adequately finance the company £4.6m (2024: £4.5m).
Future developments
The company constantly looks at the products it provides in order to maintain or increase market share. The board are focused on improving profitability and efficiencies in the business.
Research and development
The company continues to carry out research and develop new print solutions for reflective media.
Tennants UK Limited
Strategic Report for the Year Ended 30 November 2025
Principal risks and uncertainties
The management of the business and the execution of the company's strategy are subject to a number of risks. The key business risks affecting the company are considered to relate to competition and the supply of raw materials. Competition puts pressure on the gross profit margin, and current events in Eastern Europe and more recently the Middle East have had or are expected to have an impact on the supply chain. In order to minimise the impact of the inherent risks the directors continue to review pricing and material availability to improve supply chain management, to manage gross margin and reduce the risk of stock shortages.
Interest Rate Risk
The company has no borrowings or finance leases. The directors believe the risk associated with interest rate alterations is not significant to the company.
Credit Risk
The company has significant trade debtor balances at any point in time. The directors, assisted by the finance team, keep close control of customer credit limits and use credit insurance to help reduce the credit risk to an acceptable level.
Liquidity Risk
The company maintains adequate cash and bank balances to meet its day to day working capital requirement. The directors view the main risk to liquidity is if the company fails to collect trade debtor balances in a timely fashion. The directors manage this as part of the credit risk procedures by monitoring customer credit, and in turn taking advantage of supplier credit where necessary.
Foreign Currency Risk
The company sources some materials from overseas and has some overseas customers. The directors manage foreign currency risk by buying foreign currency in anticipation of requirement. The company does not hold excessive amounts of foreign currency, beyond expected operational use.
Inflation Risk
The company has experienced inflationary increases in direct costs during the financial year. It is expected inflationary pressures will continue in the next financial year. The directors are anticipating cost of sale price increases. Inflation risk is mitigated by regular product sales price adjustments in line with cost price increases.
Approved and authorised by the
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Tennants UK Limited
Directors' Report for the Year Ended 30 November 2025
The directors present their report and the financial statements for the year ended 30 November 2025.
Directors of the company
The directors who held office during the year were as follows:
The following director was appointed after the year end:
Dividends
The directors recommend a final dividend payment of £Nil be made in respect of the financial year ended 30 November 2025. This dividend has not been recognised as a liability in the financial statements.
Going concern
The financial statements have been prepared on a going concern basis
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information (as defined by Section 418 of the Companies Act 2006) that they know of and of which they know the auditors are unaware.
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Atkinson Evans Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Approved and authorised by the
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Tennants UK Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Tennants UK Limited
Independent Auditor's Report to the Members of Tennants UK Limited
Opinion
We have audited the financial statements of Tennants UK Limited (the 'company') for the year ended 30 November 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 November 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 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 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 opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
Tennants UK Limited
Independent Auditor's Report to the Members of Tennants UK Limited
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Tennants UK Limited
Independent Auditor's Report to the Members of Tennants UK Limited
Our assessment focused on key laws and regulations the entity has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant tax legislation.
We are not responsible for preventing irregularities. Our approach to detect irregularity included, but was not limited to, the following:
- obtaining an understanding of the legal and regulatory framework applicable to the entity and how the entity is complying with that framework;
- obtaining an understanding of the entity's policies and procedures and how the entity has complied with these, through discussions and sample testing of controls;
- an understanding of the entity's risk assessment process, including the risk of fraud;
- designing our audit procedures to respond to our risk assessment; and;
- performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias, specifically the carrying value of stock and recoverability of trade debtors.
Whilst considering how our audit work addressed the detection of irregularities, we also consider the likelihood of detection based on our approach. Irregularities from fraud are inherently more difficult to detect than those arising from error.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Tennants UK Limited
Independent Auditor's Report to the Members of Tennants UK Limited
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For and on behalf of
Chartered Certified Accountants
The Old Drill Hall
10 Arnot Hill Road
Arnold
Nottinghamshire
NG5 6LJ
Tennants UK Limited
Profit and Loss Account for the Year Ended 30 November 2025
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Note |
2025 |
2024 |
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Turnover |
13,188,751 |
14,391,228 |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
1,151,687 |
1,426,928 |
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Other interest receivable and similar income |
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|
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Interest payable and similar expenses |
( |
( |
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(6,375) |
20,157 |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Tennants UK Limited
Statement of Comprehensive Income for the Year Ended 30 November 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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Tennants UK Limited
(Registration number: 00924063)
Balance Sheet as at 30 November 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
|||
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Called up share capital |
5,001 |
5,001 |
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Capital redemption reserve |
4,999 |
4,999 |
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Retained earnings |
4,598,434 |
4,520,606 |
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Shareholders' funds |
4,608,434 |
4,530,606 |
Approved and authorised by the
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Tennants UK Limited
Statement of Changes in Equity for the Year Ended 30 November 2025
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Share capital |
Capital redemption reserve |
Retained earnings |
Total |
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At 1 December 2024 |
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Profit for the year |
- |
- |
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Dividends |
- |
- |
( |
( |
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At 30 November 2025 |
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|
|
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Share capital |
Capital redemption reserve |
Retained earnings |
Total |
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At 1 December 2023 |
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|
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Profit for the year |
- |
- |
|
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Dividends |
- |
- |
( |
( |
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At 30 November 2024 |
5,001 |
4,999 |
4,520,606 |
4,530,606 |
Tennants UK Limited
Statement of Cash Flows for the Year Ended 30 November 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
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|
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Profit on disposal of tangible assets |
( |
( |
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Finance income |
( |
( |
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Finance costs |
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- |
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Income tax expense |
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|
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|
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||
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Working capital adjustments |
|||
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Decrease/(increase) in stocks |
687,745 |
(58,638) |
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Decrease in trade debtors |
|
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(Decrease)/increase in trade creditors |
( |
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Cash generated from operations |
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
|||
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Interest received |
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
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Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
- |
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Dividends paid |
( |
( |
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Net cash flows from financing activities |
( |
( |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at 1 December |
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Cash and cash equivalents at 30 November |
1,681,676 |
922,557 |
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Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
The financial statements have been prepared on a going concern basis.
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the profit in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
Revenue recognition
Turnover is recognised at 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 following accounting policies are applied to the principal revenue generating activities of the company:
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Where consideration is received in advance of the performance of obligations being satisfied, a contract liability is recognised.
Revenue 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.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Improvements to property |
2% on cost |
|
Plant and machinery |
20% on cost |
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Fixtures and fittings |
10% on cost |
|
Motor vehicles |
25% on cost |
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Office equipment |
25% on cost |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
Fully depreciated |
|
Trademarks, patents and licences |
20% on cost |
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
Recognition and measurement
Impairment
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Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
|
Sale of goods |
|
|
The analysis of the company's turnover for the year by market is as follows:
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2025 |
2024 |
|
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UK |
|
|
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Rest of world |
|
|
|
|
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain on disposal of tangible assets |
|
|
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
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Amortisation expense |
|
|
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Research and development cost |
|
|
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Profit on disposal of property, plant and equipment |
( |
( |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
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Other finance income |
|
|
|
|
|
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Interest payable and similar expenses |
|
2025 |
2024 |
|
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Interest expense on other finance liabilities |
|
- |
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Foreign exchange gains |
|
|
|
|
|
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
|
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Wages and salaries |
|
|
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Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
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Other employee expense |
|
|
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|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
2025 |
2024 |
|
|
Production |
|
|
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Administration and support |
|
|
|
|
|
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Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
203,397 |
301,226 |
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
( |
|
250,240 |
382,195 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense in the income statement |
|
|
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax decrease from effect of adjustment in research and development tax credit |
( |
( |
|
Total tax charge |
|
|
|
Intangible assets |
|
Goodwill |
Trademarks, patents and licenses |
Total |
|
|
Cost or valuation |
|||
|
At 1 December 2024 |
|
|
|
|
At 30 November 2025 |
|
|
|
|
Amortisation |
|||
|
At 1 December 2024 |
|
|
|
|
Amortisation charge |
- |
|
|
|
At 30 November 2025 |
|
|
|
|
Carrying amount |
|||
|
At 30 November 2025 |
- |
|
|
|
At 30 November 2024 |
- |
|
|
The aggregate amount of research and development expenditure recognised as an expense during the period is £
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Tangible assets |
|
Improvements to property |
Fixtures and fittings |
Plant and machinery |
Office equipment |
|||
|
Cost or valuation |
||||||
|
At 1 December 2024 |
|
|
|
|
||
|
Additions |
- |
|
|
|
||
|
Disposals |
- |
- |
( |
- |
||
|
At 30 November 2025 |
|
|
|
|
||
|
Depreciation |
||||||
|
At 1 December 2024 |
|
|
|
|
||
|
Charge for the year |
|
|
|
|
||
|
Eliminated on disposal |
- |
- |
( |
- |
||
|
At 30 November 2025 |
|
|
|
|
||
|
Carrying amount |
||||||
|
At 30 November 2025 |
|
|
|
|
||
|
At 30 November 2024 |
|
|
|
|
||
|
Motor vehicles |
Total |
|||||
|
Cost or valuation |
||||||
|
At 1 December 2024 |
|
|
||||
|
Additions |
|
|
||||
|
Disposals |
( |
( |
||||
|
At 30 November 2025 |
|
|
||||
|
Depreciation |
||||||
|
At 1 December 2024 |
|
|
||||
|
Charge for the year |
|
|
||||
|
Eliminated on disposal |
( |
( |
||||
|
At 30 November 2025 |
|
|
||||
|
Carrying amount |
||||||
|
At 30 November 2025 |
|
|
||||
|
At 30 November 2024 |
|
|
||||
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Stocks |
|
2025 |
2024 |
|
|
Finished goods and goods for resale |
1,709,587 |
2,397,332 |
Impairment of stocks
The amount of impairment loss included in profit or loss is £35,200 (2024 - £36,141).
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Income tax liability |
121,957 |
219,661 |
|
|
|
|
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 December 2024 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 30 November 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
5,001 |
|
5,001 |
|
Reserves |
Capital redemption reserve
This reserve records the nominal value of shares repurchased by the company
Retained earnings
This reserve records retained earnings and accumulated losses
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Tennants UK Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Related party transactions |
The company has taken advantage of the exemption in Financial Reporting Standard 102 Section 33.1A not to disclose related party transactions with its parent company. Tennants UK Limited is a wholly owned subsidiary of Tennants Holdings Limited.
Expenditure with and payables to related parties
|
2025 |
Other related parties |
|
Leases |
|
|
|
|
|
2024 |
Other related parties |
|
Leases |
|
|
|
|
|
Relationship between entity and parents |
The parent of the largest group in which these financial statements are consolidated is
The address of Tennants Holdings Limited is:
Mount Street
New Basford
Nottingham
Nottinghamshire
NG77HX
United Kingdom
prepared is Tennants Holdings Limited. Consolidated accounts are available from Companies House,
Cardiff, CF14 3UZ