CE International Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

CE International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13035877 . The registered office is The Cotton Works Unit 1 & 2, Vallis Road, Frome, BA11 3EN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Financial Instruments

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the debt instrument is measured at the present value of the future payments discounted at a market rate

of interest. Such instruments are subsequently carried at amortised cost using the effective interest method,

less any impairment.

Cash at bank and in hand

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term highly liquid investments that mature in no more than three months from the date of

acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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CE International Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	307,023	69,252	52,856	429,131
Disposals	(302,747 )	(69,252 )	(13,355 )	(385,354 )

As at 31 December 2025	4,276	-	39,501	43,777

Depreciation
As at 1 January 2025	176,965	30,298	25,181	232,444
Provided during the period	(10,936 )	-	-	(10,936 )
Disposals	(163,868 )	(30,298 )	(3,709 )	(197,875 )

As at 31 December 2025	2,161	-	21,472	23,633

Net Book Value
As at 31 December 2025	2,115	-	18,029	20,144

As at 1 January 2025	130,058	38,954	27,675	196,687

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CE International Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	300

As at 31 December 2025	300

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	300

As at 1 January 2025	300

Investments in subsidiaries are carried at cost less impairments.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,125	8,818
Other debtors	169,044	173,781

	199,169	182,599

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	48,117
Trade creditors	393	1,826
Bank loans and overdrafts	26	-
Tax and social security	7,187	8,341
Other creditors	4,346	1,899

	11,952	60,183

Hire purchase liabilities are secured on the assets purchased.

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	69,594

Hire purchase liabilities are secured on the assets purchased.

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CE International Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following. The company has a corresponding sublease to a related entity on the same lease terms.

	2025	2024
	£	£
Not later than one year	-	54,500
Later than one year and not later than five years	-	45,417

	-	99,917

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,144		196,687
Investments	5		300		300

			20,444		196,987
CURRENT ASSETS
Debtors	6	199,169		182,599
Cash at bank and in hand		-		2,858

		199,169		185,457
Creditors: Amounts Falling Due Within One Year	7	(11,952 )		(60,183 )

NET CURRENT ASSETS (LIABILITIES)			187,217		125,274

TOTAL ASSETS LESS CURRENT LIABILITIES			207,661		322,261

Creditors: Amounts Falling Due After More Than One Year	8		-		(69,594 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(37,726 )		(37,726 )

NET ASSETS			169,935		214,941

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			169,835		214,841

SHAREHOLDERS' FUNDS			169,935		214,941