REGISTERED NUMBER: 13279588 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

T.E.K. MILITARY SEATING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Fleming

Mrs L F Fleming

REGISTERED OFFICE:

14 Decimus Park

Kingstanding Way

Tunbridge Wells

Kent

TN2 3GP

REGISTERED NUMBER:

13279588 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Intangible assets

4

1,261,786

1,515,693

Tangible assets

5

15,343

3,397

1,277,129

1,519,090

CURRENT ASSETS

Stocks

556,518

349,529

Debtors

6

898,994

336,421

Cash at bank

65,958

165,955

1,521,470

851,905

CREDITORS

Amounts falling due within one year

7

(1,613,611

)

(1,728,243

)

NET CURRENT LIABILITIES

(92,141

)

(876,338

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,184,988

642,752

PROVISIONS FOR LIABILITIES

(2,915

)

(645

)

NET ASSETS

1,182,073

642,107

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,181,973

642,007

1,182,073

642,107

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

P Fleming - Director

1.	STATUTORY INFORMATION

T.E.K. Military Seating 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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point that the customer has received the goods and the legal title has passed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Goodwill represents the valuation on the acquisition of T.E.K Military Seating LLP

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Intangible assets are being amortised evenly over their estimated useful life of ten years.

Intangible assets represent the valuation of the registered trademarks and designs acquired from T.E.K Military Seating LLP.

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

Computer equipment

-

33.33% 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.

Foreign currencies

The financial statements of the company are presented in the currency of the primary economic environment in which it operates (its functional currency). For the purpose of the financial statements, the results and financial position are presented in sterling.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Non-monetary assets and liabilities in foreign currencies that are measured at historic cost are not retranslated. Exchange differences are taken into account in arriving at the operating result.

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

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

2,123,572

407,233

2,530,805

AMORTISATION

At 1 January 2025

849,429

165,683

1,015,112

Charge for year

212,357

41,550

253,907

At 31 December 2025

1,061,786

207,233

1,269,019

NET BOOK VALUE

At 31 December 2025

1,061,786

200,000

1,261,786

At 31 December 2024

1,274,143

241,550

1,515,693

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2025

10,737

2,543

13,280

Additions

17,060

-

17,060

At 31 December 2025

27,797

2,543

30,340

DEPRECIATION

At 1 January 2025

7,340

2,543

9,883

Charge for year

5,114

-

5,114

At 31 December 2025

12,454

2,543

14,997

NET BOOK VALUE

At 31 December 2025

15,343

-

15,343

At 31 December 2024

3,397

-

3,397

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

673,582

305,040

Other debtors

225,412

31,381

898,994

336,421

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts (see note 8)

-

20,834

Trade creditors

855,128

735,914

Taxation and social security

386,329

237,007

Other creditors

372,154

734,488

1,613,611

1,728,243

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

as restated

£

£

Amounts falling due within one year or on demand:

Bank loans

-

20,834

Bank loan represents the Coronovirus Business Interruption Loan as provided by NatWest and guaranteed by the UK Government for 80% of the loan amount.