REGISTERED NUMBER: 01651618 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

TUBE GEAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Stanley

A Varndell

SECRETARY:

Mrs S L Card

REGISTERED OFFICE:

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

BUSINESS ADDRESS:

Ground Floor Office 1, Orchard House

Courtyard V, Springhead Enterprise Park

Springhead Road

Northfleet

Kent

DA11 8HN

REGISTERED NUMBER:

01651618 (England and Wales)

ACCOUNTANTS:

GKP (Ampthill) Limited

Chartered Accountants

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Intangible assets

4

25,885

30,199

Tangible assets

5

648,060

635,174

Investments

6

1

1

673,946

665,374

CURRENT ASSETS

Stocks

670,721

704,612

Debtors

7

2,477,570

2,296,655

Cash at bank and in hand

48,051

160,700

3,196,342

3,161,967

CREDITORS

Amounts falling due within one year

8

(1,964,437

)

(1,954,316

)

NET CURRENT ASSETS

1,231,905

1,207,651

TOTAL ASSETS LESS CURRENT LIABILITIES

1,905,851

1,873,025

PROVISIONS FOR LIABILITIES

11

(97,211

)

(97,513

)

NET ASSETS

1,808,640

1,775,512

CAPITAL AND RESERVES

Called up share capital

12

10,000

10,000

Capital redemption reserve

10,000

10,000

Retained earnings

1,788,640

1,755,512

SHAREHOLDERS' FUNDS

1,808,640

1,775,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 7 July 2026 and were signed on its behalf by:

A Varndell - Director

1.	STATUTORY INFORMATION

Tube Gear 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. It is calculated at the following rates:

Plant & machinery

- 30% on cost and 15% on reducing balance

Motor vehicles

- 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2025 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

43,141

AMORTISATION

At 1 March 2025

12,942

Charge for year

4,314

At 28 February 2026

17,256

NET BOOK VALUE

At 28 February 2026

25,885

At 28 February 2025

30,199

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2025

825,043

397,921

1,222,964

Additions

117,783

45,087

162,870

Disposals

(8,020

)

-

(8,020

)

At 28 February 2026

934,806

443,008

1,377,814

DEPRECIATION

At 1 March 2025

369,612

218,178

587,790

Charge for year

93,967

55,268

149,235

Eliminated on disposal

(7,271

)

-

(7,271

)

At 28 February 2026

456,308

273,446

729,754

NET BOOK VALUE

At 28 February 2026

478,498

169,562

648,060

At 28 February 2025

455,431

179,743

635,174

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2025

and 28 February 2026

1

NET BOOK VALUE

At 28 February 2026

1

At 28 February 2025

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,274,287

1,313,751

Amounts owed by group undertakings

1,153,921

934,384

Other debtors

49,362

48,520

2,477,570

2,296,655

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

353

Trade creditors

655,664

706,448

Amounts owed to group undertakings

-

168,787

Social security and other taxes

128,842

135,418

Other creditors

1,099,931

943,310

Directors' current accounts

80,000

-

1,964,437

1,954,316

Trade creditors include £6,396 due to group companies.

9.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

85,630

32,411

Between one and five years

58,694

34,470

144,324

66,881

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Invoice discounting company

950,996

839,783

The invoice discounting company has first legal right in respect of trade debtors and a fixed and floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

97,211

97,513

Deferred tax

£

Balance at 1 March 2025

97,513

Credit to Income Statement during year

(302

)

Balance at 28 February 2026

97,211

The provision for deferred taxation consists of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation of fixed assets.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

10,000

Ordinary

£1

10,000

10,000

13.	CAPITAL COMMITMENTS

2026

2025

£

£

Contracted but not provided for in the

financial statements

-

39,166

14.	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.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Standell Components (Holdings) Limited.