REGISTERED NUMBER: 00359637 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ANDANTEX LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B C Grandjean

P Spencer

Ms S Grandjean

REGISTERED OFFICE:

Unit 3B

Lythalls Lane Industrial Estate

Lythalls Lane

Coventry

West Midlands

CV6 6FL

REGISTERED NUMBER:

00359637 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mark Ashfield BA FCA

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditor

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

BANKERS:

Lloyds Bank plc

Level 3, Citymark

150 Fountainbridge

Edinburgh

EH3 9PE

FIXED ASSETS

Tangible assets

4

4,935

7,067

Investments

5

863,729

863,729

868,664

870,796

CURRENT ASSETS

Stocks

172,639

153,947

Debtors

183,834

130,103

Cash at bank and in hand

240,866

401,361

597,339

685,411

CREDITORS

Amounts falling due within one year

329,900

395,629

NET CURRENT ASSETS

267,439

289,782

TOTAL ASSETS LESS CURRENT LIABILITIES

1,136,103

1,160,578

PROVISIONS FOR LIABILITIES

7

1,234

1,767

NET ASSETS

1,134,869

1,158,811

CAPITAL AND RESERVES

Called up share capital

51,000

51,000

Capital redemption reserve

18,000

18,000

Retained earnings

1,065,869

1,089,811

SHAREHOLDERS' FUNDS

1,134,869

1,158,811

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 February 2026 and were signed on its behalf by:

Ms S Grandjean - Director

1.	STATUTORY INFORMATION

Andantex 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.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT. Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

Tangible fixed assets

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

Leasehold improvements

-

over the lease term

Plant and machinery

-

15% on reducing balance and Straight line over 5 years

Fixtures & fittings

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

and 31 December 2025

226,247

DEPRECIATION

At 1 January 2025

219,180

Charge for year

2,132

At 31 December 2025

221,312

NET BOOK VALUE

At 31 December 2025

4,935

At 31 December 2024

7,067

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2025

and 31 December 2025

863,729

NET BOOK VALUE

At 31 December 2025

863,729

At 31 December 2024

863,729

Fixed asset investments represent the company's holding of 27.03% (2024 - 27.03%) of the share capital of SECO SAS, a company incorporated in France.

6.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

39,885

39,890

Between one and five years

21,692

61,577

61,577

101,467

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,234

1,767

Deferred

tax

£

Balance at 1 January 2025

1,767

Credit to Income Statement during year

(533

)

Balance at 31 December 2025

1,234

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

The Report of the Auditors was unqualified.

Mark Ashfield BA FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

9.	PENSION COMMITMENTS

During the year under review the company made contributions of £22,153 (2024 - £21,714). As at the current year end, included within creditors are outstanding contributions totalling £134 (2024 - £210).

10.	ULTIMATE CONTROLLING PARTY

BG Holding (incorporated in France) is regarded by the directors as being the company's immediate and ultimate parent company.