Company registration number: 05552894
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Setic Limited
Pages for filing with the Registrar
Company registration number: 05552894
Setic Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 98,286 91,657
98,286 91,657
Current assets
Stocks 538,368 505,414
Debtors 5 533,366 424,988
Cash at bank and in hand 453,103 572,194
1,524,837 1,502,596
Creditors: amounts falling due within one year
6 (472,465) (521,384)
Net current assets 1,052,372 981,212
Total assets less current liabilities 1,150,658 1,072,869
Provisions for liabilities (18,800) (17,145)
NET ASSETS 1,131,858 1,055,724
Capital and reserves
Called up share capital 65,000 65,000
Profit and loss account 1,066,858 990,724
TOTAL EQUITY 1,131,858 1,055,724
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05552894
Setic Limited
Balance sheet - continued
as at 31 December 2025
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 to the Registrar.
Signed by:
Mr M Preece, Director
3 September 2026
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Setic Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Setic Limited is a private company registered in England and Wales. Its registered number is 05552894. The company is limited by shares. Its registered office is Redwood Suite, Llancayo Court, Usk, Monmouthshire, NP15 1HY. Its principal place of business is Unit 57, Symondscliffe Way, Caldicot, Monmouthshire, NP26 5PW.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% straight line
Fixtures & fittings - 10% straight line
Motor vehicles - 20% straight line
Computer equipment - 25% 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.
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Setic Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 6 (2024 - 5).
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Setic Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 January 2025 163,461
Additions 57,095
Disposals (20,488)
At 31 December 2025 200,068
Depreciation
At 1 January 2025 71,804
Charge for year 34,075
Eliminated on disposal (4,097)
At 31 December 2025 101,782
Net book value
At 31 December 2025 98,286
At 31 December 2024 91,657
5 Debtors
2025 2024
£ £
Trade debtors 504,171 396,401
Other debtors 17,734 17,734
Prepayments and accrued income 11,461 10,853
533,366 424,988
6 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 249,041 188,569
Amounts owed to directors 1,488 2,784
Other creditors - 1,847
Taxation 46,049 150,059
Social security and other tax 162,221 170,710
Accruals and deferred income 13,666 7,415
472,465 521,384
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Setic Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
7 Related party transactions
1. Transactions with director. During the period dividends totalling £38,533 were paid to the company director Mr M Preece. (2024: £41,525). 2. Transactions with Parent Undertaking. The ultimate controlling party is MAFIS Trading S.L., a company registered in Spain, by virtue of their 90% shareholding. During the period dividends totalling £Nil were paid to MAFIS Trading S.L. (2024: £139,500).
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