REGISTERED NUMBER: 01153016 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TETTIX TURBO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr NJ Hammond

Mr DE Friend

Mrs JE Friend

Mrs JM Hammond

Mr JC Bostock

SECRETARY:

Mr NJ Hammond

REGISTERED OFFICE:

Unit 6

Royal Way

Belton Road West Extension

Loughborough

Leicestershire

LE11 5XR

REGISTERED NUMBER:

01153016 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Westleigh Scales FCA FMAAT

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

FIXED ASSETS

Tangible assets

4

288,472

459,172

CURRENT ASSETS

Stocks

5

1,376,578

1,297,731

Debtors

6

377,472

602,410

Cash at bank and in hand

32,135

18,684

1,786,185

1,918,825

CREDITORS

Amounts falling due within one year

7

575,485

845,433

NET CURRENT ASSETS

1,210,700

1,073,392

TOTAL ASSETS LESS CURRENT LIABILITIES

1,499,172

1,532,564

CREDITORS

Amounts falling due after more than one year

8

(25,192

)

(57,391

)

PROVISIONS FOR LIABILITIES

11

(69,317

)

(67,994

)

NET ASSETS

1,404,663

1,407,179

CAPITAL AND RESERVES

Called up share capital

1,111

1,111

Share premium

147,589

147,589

Capital redemption reserve

500

500

Retained earnings

1,255,463

1,257,979

1,404,663

1,407,179

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 12 May 2026 and were signed on its behalf by:

Mr NJ Hammond - Director

1.	STATUTORY INFORMATION

Tettix Turbo 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 (£).

The principal activity of the company during the year is that of fuel injection specialists and distributor of automotive technical parts.

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.

Significant judgements and estimates

There were no areas in which the preparation of the financial statements required to make significant judgements or estimates.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised at the point of delivery to the customer.

Sale of goods

Turnover 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 turnover can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Straight line over the period of lease

Plant and machinery

-

10% and 25% straight line

Motor vehicles

-

25% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis. Work in progress exclude labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

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.

Current and deferred tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Current or deferred taxation assets and liabilities are not discounted.

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

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

At each period end 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 year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement except when deferred in other comprehensive income qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the income statement.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

378,439

2,821,820

39,815

3,240,074

Additions

41,516

62,340

-

103,856

Disposals

(408,462

)

-

-

(408,462

)

At 31 December 2025

11,493

2,884,160

39,815

2,935,468

DEPRECIATION

At 1 January 2025

205,818

2,542,485

32,599

2,780,902

Charge for year

287

69,783

1,842

71,912

Eliminated on disposal

(205,818

)

-

-

(205,818

)

At 31 December 2025

287

2,612,268

34,441

2,646,996

NET BOOK VALUE

At 31 December 2025

11,206

271,892

5,374

288,472

At 31 December 2024

172,621

279,335

7,216

459,172

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2025

and 31 December 2025

116,257

DEPRECIATION

At 1 January 2025

22,858

Charge for year

11,626

At 31 December 2025

34,484

NET BOOK VALUE

At 31 December 2025

81,773

At 31 December 2024

93,399

5.

STOCKS

2025

2024

£

£

Goods for resale

1,376,578

1,297,731

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

369,293

583,836

Other debtors

6,357

6,357

Prepayments and accrued income

1,822

12,217

377,472

602,410

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

38,801

49,745

Other loans - less than 1 year

20,834

50,000

Hire purchase contracts (see note 9)

32,154

26,989

Trade creditors

285,217

507,317

Taxation

24,493

23,537

Paye/Ni payable

19,315

12,520

VAT

33,257

30,696

Other creditors

3,352

94,310

Directors' current accounts

97,755

30,023

Accruals and deferred income

20,307

20,296

575,485

845,433

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

-

20,834

Hire purchase contracts (see note 9)

25,192

36,557

25,192

57,391

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

32,154

26,989

Between one and five years

25,192

36,557

57,346

63,546

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

38,801

49,745

Hire purchase contracts

57,346

63,546

96,147

113,291

Obligations under hire purchase contracts are secured on plant and motor vehicles to which they relate.

The bank loans and overdraft are secured by a fixed and floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

69,317

67,994

Deferred

tax

£

Balance at 1 January 2025

67,994

Movement during year

1,323

Balance at 31 December 2025

69,317

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Westleigh Scales FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

13.	RELATED PARTY DISCLOSURES

The freehold property is owned by a related party, during the year property rent was paid amounting to £96,624 (2024: £96,624).

Amounts owed to the Directors on their Directors loan account at the year end amounted to £97,755 (2024: £30,023).

14.	ULTIMATE CONTROLLING PARTY

The directors consider that there is no single ultimate controlling party of the company as at the balance sheet date.

15.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme, The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions made by the company during the period to the scheme amounted to £15,244 (2024: £14,693). The total unpaid contributions at the year end amounted to £3,338 (2024: £6,645).