TECE Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04323895

TECE Limited

Filleted Financial Statements

For the year ended

31 December 2025

TECE Limited

Directors' Responsibilities Statement

Year ended 31 December 2025

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TECE Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		134,366	112,757

Current assets

Stocks		423,885	381,949
Debtors	6	503,742	455,009
Cash at bank and in hand		384,323	626,212
		------------	------------
		1,311,950	1,463,170

Creditors: amounts falling due within one year	7	500,702		696,040
		------------		------------
Net current assets			811,248	767,130
			---------	---------
Total assets less current liabilities			945,614	879,887

Creditors: amounts falling due after more than one year	8		257,693	304,179

Provisions	9	180,000	–
		---------	---------
Net assets		507,921	575,708
		---------	---------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account	11	507,821	575,608
		---------	---------
Shareholders funds		507,921	575,708
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 7 September 2026 , and are signed on behalf of the board by:

Mr F Ulbrich

Director

Company registration number: 04323895

TECE Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Chamberlain Street, Wells, Somerset, BA5 2PF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company's going concern status has been considered. A major part of the company's working capital required to fund the company's plans for considerable growth have been provided by way of a loan from it's parent company. There is a formal loan agreement in place which contains structured repayment terms and the amount borrowed is not repayable on demand. The director, having considered the above, continue to adopt the going concern basis in preparing the financial statements on the basis that the company will continue in operation for a period of at least 12 months from the date of approving the financial statements.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of TECE GmbH which can be obtained from TECE GmbH, Hollefeldstr.57, 48282 Emsdetten, Germany. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	10 Years Straight Line
Plant and Machinery	-	5 Years Straight Line
Fixtures and Fittings	-	10 Years Straight Line
Motor Vehicles	-	5 Years Straight Line
Equipment	-	5 Years Straight Line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 15 ).

5. Tangible assets

	Leasehold improvements	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2025	151,028	13,044	18,356	18,410	37,652	238,490
Additions	28,621	–	2,345	–	13,807	44,773
Disposals	–	–	–	–	( 6,353)	( 6,353)
	---------	--------	--------	--------	--------	---------
At 31 Dec 2025	179,649	13,044	20,701	18,410	45,106	276,910
	---------	--------	--------	--------	--------	---------
Depreciation
At 1 Jan 2025	57,929	9,821	8,270	18,410	31,303	125,733
Charge for the year	15,917	1,201	1,768	–	4,249	23,135
Disposals	–	–	–	–	( 6,324)	( 6,324)
	---------	--------	--------	--------	--------	---------
At 31 Dec 2025	73,846	11,022	10,038	18,410	29,228	142,544
	---------	--------	--------	--------	--------	---------
Carrying amount
At 31 Dec 2025	105,803	2,022	10,663	–	15,878	134,366
	---------	--------	--------	--------	--------	---------
At 31 Dec 2024	93,099	3,223	10,086	–	6,349	112,757
	---------	--------	--------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	411,451	383,946
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	11,050
Other debtors	92,291	60,013
	---------	---------
	503,742	455,009
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	57,362	38,803
Amounts owed to group undertakings and undertakings in which the company has a participating interest	140,461	318,033
Corporation tax	–	70,769
Social security and other taxes	190,117	145,717
Pension creditor	4,011	2,487
Other creditors - Loan (see loan note)	64,423	60,836
Other creditors	44,328	59,395
	---------	---------
	500,702	696,040
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors - Loan (see loan note)	257,693	304,179
	---------	---------

9. Provisions

Provisions include amounts relating to a settlement agreement with a former employee.

10. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	116,990	82,723
Later than 1 year and not later than 5 years	227,956	218,975
	---------	---------
	344,946	301,698
	---------	---------

13. Loan note

The company has a loan provided by its parent company TECE GmbH. At the year end the company owed an amount of £322,116 (2024-£365,015) in respect of amounts drawn to date.

Interest on the loan is charged at 5.04% per annum with an amount of £17,389 (2024-£19,787) being paid in the year.

The loan is unsecured and not payable on demand. It is due for repayment in full by 31 December 2030.

14. Ultimate controlling party

The Ultimate Parent Company and Ultimate Controlling Party is TECE GmbH, whose registered office and principal place of business is Hollefeldstr.57, 48282 Emsdetten, Germany.

15. Summary audit opinion

The auditor's report dated 11 September 2026 was unqualified .

The senior statutory auditor was Simon Cunningham (Senior Statutory Auditor) , for and on behalf of Sumer AuditCo Limited .

16. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr R D Herring	5	( 5)	–
	----	----	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr R D Herring	( 2,091)	2,096	5
	-------	-------	----

17. Related party transactions

During the year the company incurred costs from Riverbed Ltd, amounts totalling £20,229 (2024-£30,730) for the provision of management charges. No amounts (2024-£NIL) were owed by the company as at the year end. During the year the company incurred costs from MAC Wizard Ltd, amounts totalling £46,070 (2024-£137,860) for the provision of premises and management charges. As at the year end the company owed MAC Wizard Ltd £7,208 (2024-£10,170). Both Riverbed Ltd and MAC Wizard Ltd are 100% owned by Mr R D Herring . The company has taken advantage of the exemption contained in IAS 24 Related Party Transactions and has therefore not disclosed transactions or balances with wholly owned entities which form part of the group headed by TECE GmbH, and which are included within the consolidated financial statements of that company.