REGISTERED NUMBER: 05279435 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Tite Fix Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

Chartered Accountants' Report

11

DIRECTORS:

I J Hutchinson

R M Hutchinson

R A Rhodes

REGISTERED OFFICE:

Unit 1 Ghyll Way

Airedale Business Centre

Skipton

North Yorkshire

BD23 2DD

REGISTERED NUMBER:

05279435 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

114,825

131,702

Tangible assets

6

47,973

58,390

162,798

190,092

CURRENT ASSETS

Stocks

1,352,097

1,081,069

Debtors

7

298,963

334,660

Cash at bank

137,793

110,694

1,788,853

1,526,423

CREDITORS

Amounts falling due within one year

8

596,837

391,758

NET CURRENT ASSETS

1,192,016

1,134,665

TOTAL ASSETS LESS CURRENT LIABILITIES

1,354,814

1,324,757

CREDITORS

Amounts falling due after more than one year

9

(87,983

)

(99,222

)

PROVISIONS FOR LIABILITIES

10

(12,000

)

(10,800

)

NET ASSETS

1,254,831

1,214,735

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Other reserves

17,317

22,278

Retained earnings

1,236,514

1,191,457

1,254,831

1,214,735

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by:

R M Hutchinson - Director

1.	STATUTORY INFORMATION

Tite Fix 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations over at least the next 12 months from the date of approval of the accounts. The directors have made an informed judgement, at the time of approving the financial statements that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discount, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sales of goods:

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- The amount of revenue can be measured reliably;

- It is probable that the company will receive the consideration due under the transaction;

- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the assets will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Software

25% straight line

Patents & licenses

10% straight line

Tangible fixed assets

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

Merchanidsers

-

50% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a part to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transactions price, unless the arrangement constitutes a financing transaction., where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 exchange

Foreign currency transactions are translated into the functional currency using the spot exchange rates as at the date of the transactions.

At each period end the foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income withing 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Hire purchase and leasing commitments

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate

benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line

basis.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

The company operates a defined contribution plan for it's employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible or intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reverse if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

181,960

AMORTISATION

At 1 January 2025

50,258

Charge for year

16,877

At 31 December 2025

67,135

NET BOOK VALUE

At 31 December 2025

114,825

At 31 December 2024

131,702

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Merchanidsers

machinery

fittings

£

£

£

COST

At 1 January 2025

28,880

9,096

68,196

Additions

-

325

-

At 31 December 2025

28,880

9,421

68,196

DEPRECIATION

At 1 January 2025

28,880

4,830

37,266

Charge for year

-

659

8,637

At 31 December 2025

28,880

5,489

45,903

NET BOOK VALUE

At 31 December 2025

-

3,932

22,293

At 31 December 2024

-

4,266

30,930

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

20,250

13,009

139,431

Additions

-

12,995

13,320

At 31 December 2025

20,250

26,004

152,751

DEPRECIATION

At 1 January 2025

844

9,221

81,041

Charge for year

4,851

9,590

23,737

At 31 December 2025

5,695

18,811

104,778

NET BOOK VALUE

At 31 December 2025

14,555

7,193

47,973

At 31 December 2024

19,406

3,788

58,390

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

264,067

303,373

Prepayments

34,896

31,287

298,963

334,660

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

38,838

122,070

Amounts owed to group undertakings

60,311

62,040

Tax

30,209

9,400

Social security and other taxes

11,102

18,018

VAT

79,260

55,144

Accrued expenses

377,117

125,086

596,837

391,758

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

87,983

99,222

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

12,000

10,800

Deferred

tax

£

Balance at 1 January 2025

10,800

Provided during year

1,200

Balance at 31 December 2025

12,000

11.	RELATED PARTY DISCLOSURES

The controlling party is not known.

Tite Fix Ltd is a wholly owned subsidiary of Heathfield Holdings Ltd. The registered office and principal place

of business of Heathfield Holdings Ltd is Unit 1 Ghyll Way, Airedale Business Centre, Skipton, BD23 2DD.

At the 31 December 2025 the company owed Heathfield Holdings Limited £104,182 by way of an interest free intercompany loan. Repayments of £16,200 were made during the year.

Other reserves

Other reserves relates to a capital contribution regarding the discounting of an intercompany loan. The

reserves balance as at 31 December 2025 is £17,317 (2024: £22,279).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tite Fix Limited for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tite Fix Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tite Fix Limited and state those matters that we have agreed to state to the Board of Directors of Tite Fix Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tite Fix Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tite Fix Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tite Fix Limited. You consider that Tite Fix Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tite Fix Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

7 May 2026