Colltex Limited

(Registration number: 04421603)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	184,838	220,918
Current assets
Debtors	6	890,889	806,517
Cash at bank and in hand		196,604	195,141
		1,087,493	1,001,658
Creditors: Amounts falling due within one year	7	(221,793)	(158,429)
Net current assets		865,700	843,229
Total assets less current liabilities		1,050,538	1,064,147
Creditors: Amounts falling due after more than one year	7	(9,954)	(18,852)
Provisions for liabilities		(44,762)	(53,527)
Net assets		995,822	991,768
Capital and reserves
Called up share capital		2	2
Retained earnings		995,820	991,766
Shareholders' funds		995,822	991,768

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Colltex Limited

(Registration number: 04421603)
Balance Sheet as at 31 January 2026

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 May 2026
 

......................................... HL Smith Director

Colltex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1054 Manchester Road
Linthwaite
Huddersfield
HD7 5QQ
England

These financial statements were authorised for issue by the director on 27 May 2026.

2	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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Colltex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance
Fixtures and fittings	20% on straight line
Motor vehicles	25% on reducing balance
Computer equipment	20% on reducing balance

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.

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	20 years

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.

Colltex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Colltex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2025 - 18).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2025	58,000	58,000
At 31 January 2026	58,000	58,000
Amortisation
At 1 February 2025	58,000	58,000
At 31 January 2026	58,000	58,000
Carrying amount
At 31 January 2026	-	-

Colltex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	135,025	697,917	832,942
Additions	2,989	29,625	32,614
Disposals	(1,091)	(45,868)	(46,959)
At 31 January 2026	136,923	681,674	818,597
Depreciation
At 1 February 2025	75,038	536,986	612,024
Charge for the year	10,501	44,308	54,809
Eliminated on disposal	(532)	(32,542)	(33,074)
At 31 January 2026	85,007	548,752	633,759
Carrying amount
At 31 January 2026	51,916	132,922	184,838
At 31 January 2025	59,987	160,931	220,918

Colltex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Debtors

Current	Note	2026 £	2025 £
Trade debtors		144,411	169,540
Amounts owed by related parties	9	665,955	560,831
Prepayments		4,140	6,429
Other debtors		76,383	69,717
		890,889	806,517

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	9,873	17,500
Trade creditors		23,022	31,553
Taxation and social security		139,862	92,332
Accruals and deferred income		44,145	4,270
Other creditors		4,891	12,774
		221,793	158,429

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	9,954	18,852

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	9,954	18,852

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	9,873	17,500

Colltex Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

9	Related party transactions

Transactions with the director

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
HL Smith
Interest on the overdrawn directors loan account is charged at 2.25% p.a	133,715	-	(133,715)	-

Summary of transactions with parent

Colltex Fox Holdings Limited Parent company

Loans to related parties

2026	Parent £	Total £
At start of period	560,831	560,831
Advanced	729,608	729,608
Repaid	(635,414)	(635,414)
At end of period	655,025	655,025

2025	Parent £	Total £
At start of period	640,000	640,000
Advanced	305,831	305,831
Repaid	(385,000)	(385,000)
At end of period	560,831	560,831