REGISTERED NUMBER: 01895572 (England and Wales)

HARLTEX LIMITED

Audited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs V L Dufty

M F Dufty

L Henman

P M O'Connor

S D Smith

REGISTERED OFFICE:

37 Tything Road East

Kinwarton

Alcester

B49 6ES

REGISTERED NUMBER:

01895572 (England and Wales)

AUDITORS:

BK Plus Audit Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

43,186

76,536

Investments

5

100

161,958

43,286

238,494

CURRENT ASSETS

Stocks

141,002

162,337

Debtors

6

823,053

918,421

Cash at bank

90,054

115,716

1,054,109

1,196,474

CREDITORS

Amounts falling due within one year

7

183,423

329,471

NET CURRENT ASSETS

870,686

867,003

TOTAL ASSETS LESS CURRENT LIABILITIES

913,972

1,105,497

PROVISIONS FOR LIABILITIES

5,109

9,561

NET ASSETS

908,863

1,095,936

CAPITAL AND RESERVES

Called up share capital

9

950

950

Retained earnings

907,913

1,094,986

SHAREHOLDERS' FUNDS

908,863

1,095,936

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 26 May 2026 and were signed on its behalf by:

M F Dufty - Director

1.	STATUTORY INFORMATION

Harltex 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.	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.

Preparation of consolidated financial statements

The financial statements contain information about Harltex Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Goodflex (Holdings) Limited, 37, Tything Road East, Kinwarton, Alcester, England, B49 6ES.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of goods is recognised at the point of sale, when the delivery note is raised.

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 cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern

These financial statements have been prepared on a going concern basis. The directors anticipate that the company will continue to be profitable in the forthcoming period and in the foreseeable future. It is anticipated that the company will maintain positive cash flow, sufficient to meet finance obligations as they fall due

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

1,328,096

20,435

15,216

1,363,747

DEPRECIATION

At 1 September 2024

1,252,427

20,435

14,349

1,287,211

Charge for year

33,117

-

233

33,350

At 31 August 2025

1,285,544

20,435

14,582

1,320,561

NET BOOK VALUE

At 31 August 2025

42,552

-

634

43,186

At 31 August 2024

75,669

-

867

76,536

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

161,958

Impairments

(161,858

)

At 31 August 2025

100

NET BOOK VALUE

At 31 August 2025

100

At 31 August 2024

161,958

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

292,780

370,498

Amounts owed by group undertakings

523,728

536,978

Other debtors

-

7,775

Tax

4,516

-

Prepayments

2,029

3,170

823,053

918,421

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

84,289

66,390

Amounts owed to group undertakings

-

46,682

Tax

-

78,188

Social security and other taxes

72,417

68,724

Other creditors

1,183

915

Accrued expenses

25,534

68,572

183,423

329,471

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

as restated

£

£

Within one year

44,245

44,005

Between one and five years

40,000

80,000

84,245

124,005

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

950

Ordinary Shares

£1

950

950

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

The company was exempt from audit for the period ended 31 August 2024 and thus we did not observe the counting of physical inventories at the end of that period. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 August 2024, which are included in the balance sheet at £162,337, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary. In addition, were any adjustment to the inventory balance to be required, the strategic report would also need to be amended.

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’s 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 qualified opinion.

Arran Jones FCCA (Senior Statutory Auditor)

for and on behalf of BK Plus Audit Limited

11.	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. The pension cost charge represents contributions payable by the company to the fund and amounted to £25,704 (2024: £50,252). Contributions totalling £1,183 (2024: £915) were payable to the fund at the reporting date.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE PARENT COMPANY

The company's ultimate parent company is Goodflex (Holdings) Limited, which prepares group financial statements. The registered office of the parent is 37 Tything Road East, Kinwarton, Alcester, B49 6E.