REGISTERED NUMBER: 10544792 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HILTEX LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

29,005

16,147

CURRENT ASSETS

Stocks

398,842

250,632

Debtors

5

272,099

210,515

Cash at bank

353,735

317,162

1,024,676

778,309

CREDITORS

Amounts falling due within one year

6

(493,422

)

(440,365

)

NET CURRENT ASSETS

531,254

337,944

TOTAL ASSETS LESS CURRENT LIABILITIES

560,259

354,091

PROVISIONS FOR LIABILITIES

8

(5,422

)

(794

)

NET ASSETS

554,837

353,297

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

554,737

353,197

SHAREHOLDERS' FUNDS

554,837

353,297

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

M Lyons - Director

1.	STATUTORY INFORMATION

Hiltex Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 10544792 and the company's registered office is Unit 16, Norbury Court, Welcomb Street, City Works Business Park, Ashton Old Road, Openshaw, Manchester, M11 2NB. The company's principal activity is the sale of textiles.

The results results are presented for the company as a single entity.

The financial statements are presented in Pound Sterling (£), which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest whole pound.

The financial statements have been prepared on the going concern basis and under the historical cost convention.

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There have been no material judgements, estimates, or assumptions concerning the carrying amount of assets or liabilities in the period.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment - 25% per annum straight line

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade creditors, bank loans, and accrued expenses, that are classified as debt, are initially recognised at the 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.

Financial liabilities are derecognised when, and only when, the company's contractual obligation are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Going concern

Based on the current trading and future expectations the director consider that the company has sufficient working capital to enable it to continue to trade and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

31,753

Additions

20,313

At 31 December 2025

52,066

DEPRECIATION

At 1 January 2025

15,606

Charge for year

7,455

At 31 December 2025

23,061

NET BOOK VALUE

At 31 December 2025

29,005

At 31 December 2024

16,147

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

265,488

203,883

Other debtors

6,611

6,632

272,099

210,515

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

311,029

319,670

Taxation and social security

158,997

113,800

Other creditors

23,396

6,895

493,422

440,365

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

23,967

23,967

Between one and five years

5,992

29,959

29,959

53,926

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

5,422

794

Deferred

tax

£

Balance at 1 January 2025

794

Provided during year

4,628

Balance at 31 December 2025

5,422

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary share capital

1

100

100

Ordinary shares have full voting, dividend, and capital rights.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frederick Norman (Senior Statutory Auditor)

for and on behalf of Harold Sharp Limited

11.	RELATED PARTY DISCLOSURES

The company makes purchases from its parent company. As at the yearend date the company owed £305,562 (2024: £264,986) to its parent company.

12.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Hiltex Beheer B.V., a company incorporated in The Netherlands.

The contact address for Hiltex Beheer B.V. is Handelsweg 37, 1525 RG West-Knollendam, The Netherlands.

The ultimate controlling party is Denise Hildering.