Registration number: 00336260

Antiference Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Antiference Limited

Company Information

Directors

Mr Kazik Bialecki Mrs Helena Bialecki Mr Martin Jackson Mr Trevor John Paintain Mr Daniel Winterton

Registered office

Unit 2 Common lane Fradley Park Lichfield Staffordshire WS13 8NQ

Accountants

David Evans & Co Limited Business & Tax AdvisorsStowegate House Lombard Street Lichfield Staffs WS13 6DP

Antiference Limited

(Registration number: 00336260)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	97,163	23,309
Current assets
Stocks	5	1,501,626	1,681,467
Debtors	6	564,526	613,229
Cash at bank and in hand		7,704	40,187
		2,073,856	2,334,883
Creditors: Amounts falling due within one year	7	(521,483)	(774,358)
Net current assets		1,552,373	1,560,525
Total assets less current liabilities		1,649,536	1,583,834
Creditors: Amounts falling due after more than one year	7	(1,006,985)	(876,957)
Net assets		642,551	706,877
Capital and reserves
Called up share capital	8	25,025	25,025
Capital redemption reserve		98,000	98,000
Retained earnings		519,526	583,852
Shareholders' funds		642,551	706,877

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 Profit and Loss Account.

Approved and authorised by the Board on 12 June 2026 and signed on its behalf by:
 

......................................... Mr Trevor John Paintain Director

Antiference Limited

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.

The address of its registered office is:
Unit 2
Common lane
Fradley Park
Lichfield
Staffordshire
WS13 8NQ

These financial statements were authorised for issue by the Board on 12 June 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.

Going concern

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.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liablities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current 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.

Antiference Limited

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

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.

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	20% straight line method
Fixtures and fittings	20% straight line method
Motor Vehicles	25% straight line method
Office equipment	20% straight line method

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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Antiference Limited

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

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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 directors) during the year, was 7 (2024 - 7).

Antiference Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	58,930	11,270	70,200
Additions	105,259	-	105,259
Disposals	(2,954)	-	(2,954)
At 31 December 2025	161,235	11,270	172,505
Depreciation
At 1 January 2025	35,622	11,269	46,891
Charge for the year	31,399	-	31,399
Eliminated on disposal	(2,948)	-	(2,948)
At 31 December 2025	64,073	11,269	75,342
Carrying amount
At 31 December 2025	97,162	1	97,163
At 31 December 2024	23,308	1	23,309

5

Stocks

	2025 £	2024 £
Other inventories	1,501,626	1,681,467

6

Debtors

Current	2025 £	2024 £
Trade debtors	542,510	577,297
Prepayments	22,016	20,328
Other debtors	-	15,604
	564,526	613,229

7

Creditors

Creditors: amounts falling due within one year

Antiference Limited

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

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	8,187	20,000
Trade creditors		316,438	607,805
Taxation and social security		66,278	67,057
Accruals and deferred income		75,549	11,587
Other creditors		55,031	67,909
		521,483	774,358

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	287,982	302,315
Other financial liabilities		719,003	574,642
		1,006,985	876,957

Included within loans and borrowings is £287,982 (2024: £295,648) relating to an invoice financing facility. The facility is secured against the company’s trade receivables.

Included within other financial liabilities is £719,003 (2024: £574,642) owed to the company's ultimate parent undertaking. Interest of £60,180 (2024: £0) has been accrued during the year. The interest charge has been determined by reference to the ATO benchmark interest rate of 8.37%.The lender has the right to charge interest at its discretion. The loan is unsecured.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	25,000	25,000	25,000	25,000
Ordinary B shares of £1 each	15	15	15	15
Ordinary C shares of £1 each	5	5	5	5
Ordinary D shares of £1 each	5	5	5	5
	25,025	25,025	25,025	25,025

Antiference Limited

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

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	6,667
Other borrowings	287,982	295,648
	287,982	302,315

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,667	20,000
Other borrowings	1,520	-
	8,187	20,000

10	Related party transactions

The company is a subsidiary of Antiference Holdings Pty Limited, incorporated in Australia.
The ultimate parent undertaking is Digitek Pty Limited, incorporated in Australia.

Summary of transactions with parent

During the year the company purchased goods from its ultimate parent undertaking in the normal course of business. At the year end £277,734 (2024: £427,241) was outstanding within trade creditors in respect of these transactions.

Summary of transactions with other related parties

Loans from related parties

2025	Parent £	Total £
At start of period	574,642	574,642
Advanced	144,361	144,361
At end of period	719,003	719,003

2024	Parent £	Total £
At start of period	585,955	585,955
Repaid	(11,313)	(11,313)
At end of period	574,642	574,642

Terms of loans from related parties

Antiference Limited

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

The loan is unsecured and interest is charged at the lender's discretion. Interest of £60,180 (2024: £0) has been accrued during the year. The interest charge has been determined by reference to the ATO benchmark interest rate of 8.37%