Hectic (Europe) Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 11

Hectic (Europe) Ltd

(Registration number: 10121389)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	275,365	171,902
Investments	6	82,040	90,504
		357,405	262,406
Current assets
Stocks		146,899	134,325
Debtors: Amounts falling due within one year	7	1,208,153	801,960
Debtors: Amounts falling due after more than one year	7	274,396	195,658
Cash at bank and in hand		66,761	175,319
		1,696,209	1,307,262
Creditors: Amounts falling due within one year	8	(1,087,555)	(295,464)
Net current assets		608,654	1,011,798
Total assets less current liabilities		966,059	1,274,204
Creditors: Amounts falling due after more than one year	8	(50,321)	(76,353)
Provisions for liabilities		-	(19,301)
Net assets		915,738	1,178,550
Capital and reserves
Called up share capital		100	100
Profit and loss account		915,638	1,178,450
Shareholders' funds		915,738	1,178,550

Hectic (Europe) Ltd

(Registration number: 10121389)
Statement of Financial Position as at 31 December 2025 (continued)

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 9 July 2026 and signed on its behalf by:
 

H W Caldwell Director

Hectic (Europe) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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:
Unit 7
Sonar Portsmouth
Limberline Road
Portsmouth
PO3 5GR
England

Principal activity

The principal activity of the company is service management.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Hectic (Europe) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

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 statement of financial position 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
Fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance

Hectic (Europe) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Computer equipment

20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any
accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount,
are recorded at the fair value at the date of revaluation, as determined by reference to an active market,
less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from
goodwill when they arise from contractual or other legal rights, are separable, the expected future
economic benefits are probable and the cost or value can be measured reliably.

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
Computer Software	4 years Useful Economic Life

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and
subsequently measured at cost less any accumulated impairment losses. The investments are
assessed for impairment at each reporting date and any impairment losses or reversals of impairment
losses are recognised immediately in profit or loss

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and
operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a
long term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual
arrangement are classified as jointly controlled entities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Hectic (Europe) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past
event; it is probable that the entity will be required to transfer economic benefits in settlement and the
amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the
statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at
the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally
recognised as part of the cost of an asset. When a provision is measured at the present value of the
amount expected to be required to settle the obligation, the unwinding of the discount is recognised in
finance costs in profit or loss in the period it arises.

Leases

Lease payments are recognised as an expense over the term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Hectic (Europe) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 23).

4	Intangible assets

	Computer software costs £	Total £
Cost or valuation
At 1 January 2025	4,975	4,975
At 31 December 2025	4,975	4,975
Amortisation
At 1 January 2025	4,975	4,975
At 31 December 2025	4,975	4,975
Carrying amount
At 31 December 2025	-	-

Hectic (Europe) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5	Tangible assets

	Short leasehold land and buildings £	Fixtures,fittings and equipment £	Computer equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	-	50,802	89,797	216,120	356,719
Additions	153,940	1,850	4,816	-	160,606
Disposals	-	-	-	(30,708)	(30,708)
At 31 December 2025	153,940	52,652	94,613	185,412	486,617
Depreciation
At 1 January 2025	-	28,096	64,133	92,588	184,817
Charge for the year	10,263	5,800	5,420	29,292	50,775
Eliminated on disposal	-	-	-	(24,340)	(24,340)
At 31 December 2025	10,263	33,896	69,553	97,540	211,252
Carrying amount
At 31 December 2025	143,677	18,756	25,060	87,872	275,365
At 31 December 2024	-	22,706	25,664	123,532	171,902

The net carrying value of tangible fixed assets includes the following amount of motor vehicles held under finance leases - £62,726 (2024: £101,770).

Hectic (Europe) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6	Investments

	Other investments other than loans £	Total £
Cost or valuation
At 1 January 2025	90,504	90,504
Fair value adjustments	(6,068)	(6,068)
Disposals	(2,396)	(2,396)
At 31 December 2025	82,040	82,040
Impairment
Carrying amount
At 31 December 2025	82,040	82,040

The costs of investments held are 110,000 USD and 300 Euros.

7

Debtors

Debtors falling due within one year as follows:

	2025 £	2024 £
Trade debtors	477,488	316,869
Amounts owed by related parties	53,105	37,867
Other debtors	399,014	297,792
Prepayments	260,241	149,432
Income tax asset	18,305	-
	1,208,153	801,960