Registration number: 02028529
Unilite Limited
Filleted Financial Statements
For The Year Ended 31 December 2025
Unilite Limited
Company information
2
Balance sheet
3
Notes to the financial statements
4
Unilite Limited
Company information
Directors
M J Hill (appointed on 12 August 2025)
B A Hindle (appointed on 12 August 2025)
R C Waters (appointed on 12 August 2025)
A R Insley (resigned on 12 August 2025)
Company secretary
J J M P Grainger
Registered office
Aspen Building
Apex Way
Hailsham
BN27 3WA
Independent auditors
Ballards LLP
Chartered Accountants
15 Colmore Row
Birmingham
West Midlands
B3 2BH
2
Unilite Limited
Registered number: 02028529
Balance sheet as at 31 December 2025
Note
| 2025
£
| 2024
£
| ||||
|---|---|---|---|---|---|---|
Fixed assets
|
)
|
)
| ||||
Tangible fixed assets
|
5
|
129,614
)
|
184,949
)
| |||
Current assets
|
)
|
)
| ||||
Stocks
|
6
|
1,901,082
)
|
2,559,630
)
| |||
Debtors: amounts falling due within one year
|
7
|
939,882
)
|
1,102,785
)
| |||
Cash at bank and in hand
|
717,901
)
|
894,589
)
| ||||
3,558,865
)
|
4,557,004
)
| |||||
Creditors: amounts falling due within one year
|
8
|
(1,897,751)
|
(1,629,344)
| |||
Net current assets
|
1,661,114
)
|
2,927,660
)
| ||||
Total assets less current liabilities
|
1,790,728
)
|
3,112,609
)
| ||||
Provisions for liabilities
|
)
|
)
| ||||
Deferred taxation
|
10
|
(2,421)
|
(15,612)
| |||
Net assets
|
1,788,307
)
|
3,096,997
)
| ||||
Capital and reserves
|
)
|
)
| ||||
Called up share capital
|
11
|
25,000
)
|
25,000
)
| |||
Profit and loss account
|
1,763,307
)
|
3,071,997
)
| ||||
Total capital and reserves
|
1,788,307
)
|
3,096,997
)
|
These financial statements have been prepared 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.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 September 2026.
.....................................
R C Waters
Director
The notes on pages 4 to 14 form part of these financial statements.
3
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
1.
General information
Unilite Limited is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is
Aspen Building
Apex Way
Hailsham
BN27 3WA
England
2.
Accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated.
a.
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.
b.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
c.
Basis of preparation of financial statements
The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The Company's functional and presentational currency is the Pound Sterling.
4
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
2.
Accounting policies
d.
Going concern
The financial statements are prepared on a basis other than going concern.
The trade and assets of the company were transferred to a fellow group company following the year end. As a result, the directors do not intend for the company to continue trading in its current form and have therefore prepared the financial statements on a basis other than going concern
e.
Judgements
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.
f.
Revenue
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.
g.
Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end, foreign currency monetary items are translated using the closing rate, non-monetary items measured on a historical cost basis are translated using the exchange rate at the date of the transaction, and non-monetary items measured at fair value in a foreign currency are translated using the rate at the date when the fair value was determined.
5
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
2.
Accounting policies
h.
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset, which is an asset which necessarily takes a substantial period of time to get ready for its intended use or sale, are capitalised as part of the cost of that asset. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
i.
Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item recognised in other comprehensive income or directly in equity. In this case, the tax is recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
j.
Intangible assets
Intangible assets are initially recognised at cost. Subsequently, they are measured using the cost model. Under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the life must not exceed 10 years.
6
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
2.
Accounting policies
j.
Intangible assets
If factors such as a change in how an intangible asset is used, technological advancement, or changes in market prices indicate that the residual value or useful life of an asset has changed since the most recent balance sheet date, the Company reviews its previous estimates and, if current expectations differ, amends the residual value, amortisation method or useful life, accounting for this as a change in an accounting estimate.
k.
Tangible fixed assets
Tangible fixed assets are initially recognised at cost. Cost includes the purchase price and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Subsequently, tangible fixed assets are measured using the cost model. Under the cost model, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation is calculated to allocate the depreciable amount of tangible fixed assets to their residual values over their estimated useful lives on the following bases:
Freehold property
|
Over the term of the lease
|
Fixtures and fittings
|
15-33
|
%
|
Straight line
|
Plant and machinery
|
20
|
%
|
Straight line
|
Motor vehicles
|
Over the term of the lease
|
Mould cost
|
33.3
|
%
|
Straight line
|
If factors such as a change in how an asset is used, technological advancement, or changes in market prices indicate that the residual value or useful life of an asset has changed since the most recent balance sheet date, the Company reviews its previous estimates and, if current expectations differ, amends the residual value, amortisation method or useful life, accounting for this as a change in an accounting estimate.
7
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
2.
Accounting policies
l.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'.
m.
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.
n.
Stocks
Stocks are stated at the lower of costs incurred in bringing each product to its present location and condition and their net realisable value.
- Raw materials, consumables and good for resale - average cost basis.
- Work in progress and finished goods - costs of direct materials and labour plus attributable overheads based on a normal level of activity.
Net realisable value is based on an estimated selling price less any further costs expected to be incurred for completion and disposal.
o.
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.
8
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
2.
Accounting policies
p.
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.
q.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when a shareholders' written resolution is passed.
r.
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.
9
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
3.
Employees
The average number of persons employed by the company (including directors) during the year, was 22 (2024 - 28 ).
4.
Intangible assets
Computer software
£
| Total
£
| |||
|---|---|---|---|---|
Cost
|
)
|
)
| ||
At 1 January 2025
|
27,700
)
|
27,700
)
| ||
At 31 December 2025
|
27,700
)
|
27,700
)
| ||
Amortisation and impairment
|
)
|
)
| ||
At 1 January 2025
|
(27,700)
|
(27,700)
| ||
At 31 December 2025
|
(27,700)
|
(27,700)
| ||
Net book value
|
)
|
)
| ||
At 31 December 2025
|
-
)
|
-
)
| ||
At 31 December 2024
|
-
)
|
-
)
|
10
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
5.
Tangible fixed assets
Plant and machinery
£
| Motor vehicles
£
| Fixtures and fittings
£
| Mould Cost
£
| Assets under construction
£
| Total
£
| |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost
|
)
|
)
|
)
|
)
|
)
|
)
| ||||||
At 1 January 2025
|
26,079
)
|
95,004
)
|
366,746
)
|
85,000
)
|
17,582
)
|
590,411
)
| ||||||
Additions
|
-
)
|
-
)
|
13,655
)
|
15,577
)
|
6,201
)
|
35,433
)
| ||||||
Disposals
|
-
)
|
(50,115)
|
-
)
|
-
)
|
-
)
|
(50,115)
| ||||||
At 31 December 2025
|
26,079
)
|
44,889
)
|
380,401
)
|
100,577
)
|
23,783
)
|
575,729
)
| ||||||
Depreciation and impairment
|
)
|
)
|
)
|
)
|
)
|
)
| ||||||
At 1 January 2025
|
(18,741)
|
(82,109)
|
(271,084)
|
(33,528)
|
-
)
|
(405,462)
| ||||||
Charge for the year on owned assets
|
(210)
|
(5,588)
|
(60,663)
|
(17,000)
|
-
)
|
(83,461)
| ||||||
Disposals
|
-
)
|
42,808
)
|
-
)
|
-
)
|
-
)
|
42,808
)
| ||||||
At 31 December 2025
|
(18,951)
|
(44,889)
|
(331,747)
|
(50,528)
|
-
)
|
(446,115)
| ||||||
Net book value
|
)
|
)
|
)
|
)
|
)
|
)
| ||||||
At 31 December 2025
|
7,128
)
|
-
)
|
48,654
)
|
50,049
)
|
23,783
)
|
129,614
)
| ||||||
At 31 December 2024
|
7,338
)
|
12,895
)
|
95,662
)
|
51,472
)
|
17,582
)
|
184,949
)
|
6.
Stocks
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Finished goods and goods for resale
|
1,901,082
)
|
2,559,630
)
|
11
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
7.
Debtors
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Due within one year
|
)
|
)
| ||
Trade debtors
|
865,963
)
|
956,420
)
| ||
Amounts owed by related parties
|
11,294
)
|
-
)
| ||
Other debtors
|
1,545
)
|
1,158
)
| ||
Prepayments and accrued income
|
61,052
)
|
145,207
)
| ||
Corporation tax receivable
|
28
)
|
-
)
| ||
939,882
)
|
1,102,785
)
|
8.
Creditors: amounts falling due within one year
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Trade creditors
|
77,711
)
|
131,718
)
| ||
Amounts owed to group undertakings
|
1,373,338
)
|
1,035,921
)
| ||
Other taxation and social security
|
60,732
)
|
72,666
)
| ||
Accruals and deferred income
|
385,970
)
|
389,039
)
| ||
1,897,751
)
|
1,629,344
)
|
9.
Operating lease comittments
Lessee
At the reporting end date the entity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which falls due as follows:
2025
£
| 2024
£
| |||
|---|---|---|---|---|
890,000
)
|
1,010,000
)
|
12
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
10.
Deferred taxation
The deferred tax balance is made up as follows:
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Accelerated capital allowances
|
2,421
)
|
15,611
)
|
11.
Share capital
2025 Par Value
£
| 2025 Number
| 2025
£
| 2024 Number
| 2024
£
| |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
)
|
)
|
)
|
)
|
)
| |||||||
Ordinary shares
|
1
)
|
25,000
)
|
25,000
)
|
25,000
)
|
25,000
)
|
12.
Events after the end of the reporting period
Subsequent to the reporting date, the trade and assets of the company were transferred to a fellow group company. As a result, the directors do not intend for the company to continue trading in its current form and have therefore prepared the financial statements on a basis other than going concern.
13.
Related party transactions
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 other wholly-owned members of the Group.
14.
Parent and ultimate parent undertaking
The company's immediate parent is Unilite Holdco Limited, incorporated in England and Wales.
The Ultimate parent is Inflexion Continuation I Investments LP, a company registered in
Guernsey. These financial statements are available upon request from Inflexion Continuation I Investments, Box 286, Floor 2, Trafalgar Court, Les Banques, St. Peter Port, GY1 4LY, Guernsey
13
Unilite Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
15.
Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
The audit report was signed on 08 September 2026 by Adrian Sidaway BFP ACA (Senior statutory auditor) on behalf of Ballards LLP.
14