REGISTERED NUMBER: 05763831

TEDDINGTON ELECTRONICS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr J I Henderson

Mrs T Pollitt

Mr T Wyatt

REGISTERED OFFICE:

Teddington Building

Stennack Road

Holmbush

St. Austell

Cornwall

PL25 3HG

REGISTERED NUMBER:

05763831

ACCOUNTANTS:

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

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 Teddington Electronics Limited for the year ended 30 September 2025 which comprise the Income Statement, 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 Teddington Electronics 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 Teddington Electronics Limited and state those matters that we have agreed to state to the Board of Directors of Teddington Electronics 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 Teddington Electronics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Teddington Electronics 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 loss of Teddington Electronics Limited. You consider that Teddington Electronics 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 Teddington Electronics 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.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

2 February 2026

FIXED ASSETS

Tangible assets

3

60,511

83,515

CURRENT ASSETS

Stocks

4

265,627

253,513

Debtors

5

523,426

693,047

Cash at bank and in hand

2,288

4,588

791,341

951,148

CREDITORS

Amounts falling due within one year

6

1,014,216

897,221

NET CURRENT (LIABILITIES)/ASSETS

(222,875

)

53,927

TOTAL ASSETS LESS CURRENT LIABILITIES

(162,364

)

137,442

CREDITORS

Amounts falling due after more than one year

7

121,469

158,441

NET LIABILITIES

(283,833

)

(20,999

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(283,933

)

(21,099

)

SHAREHOLDERS' FUNDS

(283,833

)

(20,999

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 2 February 2026 and were signed on its behalf by:

Mr J I Henderson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A ''Small entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency is £ sterling.

Going concern

The company has negative reserves and is reliant on the support of its parent company and directors. The directors review the financial position of the company regularly and are of the opinion that there are sufficient orders in place to allow the company to be able to continue to trade for at least 12 months from the date of approval of the financial statements. The financial statements have therefore been prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Leases

A lease that does not transfer substantially all of the risks and rewards of ownership is classified as an operating lease and is therefore not included in the balance sheet.

Turnover

Turnover, which excludes value added tax, trade discounts and sales agents' commission, represents the value of goods supplied during the year, as adjusted for accrued and deferred income. Revenue is recognised in the accounts on dispatch of the product.

Tangible fixed assets

All tangible fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of tangible fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery

3 to 10 years straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Income Statement.

Stocks and work in progress

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. Costs include all direct material and direct labour costs. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

Taxation

The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Where taxable losses are available these are relieved against taxable profits in other group companies. No charge is made for the losses surrendered.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date except that the recognition of deferred tax assets is limited to the extent that the company anticipates generating sufficient taxable profits in the future to fully absorb the reversal of the underlying timing difference.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Foreign currency transactions during the year are translated into sterling at the exchange rate ruling on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. All exchange differences are dealt with through the Income Statement.

Leasing commitments

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the Income Statement in the period to which they relate.

Financial instruments

The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Grants

Grants of a capital nature are credited to the Income Statement at the same rate as the depreciation on the assets to which the grant relates. The deferred element of the grant is included within creditors as deferred income.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 16 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 October 2024

446,625

Additions

792

Disposals

(3,917

)

At 30 September 2025

443,500

DEPRECIATION

At 1 October 2024

363,110

Charge for year

22,653

Eliminated on disposal

(2,774

)

At 30 September 2025

382,989

NET BOOK VALUE

At 30 September 2025

60,511

At 30 September 2024

83,515

4.

STOCKS

2025

2024

£

£

Raw materials

219,677

191,709

Work-in-progress

35,090

48,963

Finished goods

10,860

12,841

265,627

253,513

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

96,561

146,120

Amounts owed by group undertakings

403,816

507,095

Other debtors

17,184

15,838

Prepayments and accrued income

5,865

23,994

523,426

693,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank facilities

68,803

144,916

Other loans

36,972

33,637

Trade creditors

135,434

62,514

Amounts owed to group undertakings

646,615

620,950

Social security and other taxes

5,900

9,302

VAT

9,338

7,705

Accruals and deferred income

111,154

18,197

1,014,216

897,221

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

40,613

36,972

Other loans - 2-5 years

80,856

121,469

121,469

158,441

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

66,937

66,937

Between one and five years

236,086

244,170

In more than five years

117,706

176,559

420,729

487,666

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank facilities

68,803

144,916

The bank facilities are secured by a debenture over the property, assets and undertaking of the company.

10.	CONTINGENT LIABILITIES

The company has entered into a cross guarantee arrangement with its fellow group company, Teddington Appliance Controls Limited, in respect of their bank facilities. The balance as at 30 September 2025 is £448,713 (2024: £583,897).

11.	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.