REGISTERED NUMBER: 04596823 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

THE VALIDATION CENTRE (TVC) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

231,669

96,397

231,669

96,397

CURRENT ASSETS

Stocks

410,841

363,029

Debtors

6

604,280

884,416

Cash at bank and in hand

150,550

40,574

1,165,671

1,288,019

CREDITORS

Amounts falling due within one year

7

(295,704

)

(483,931

)

NET CURRENT ASSETS

869,967

804,088

TOTAL ASSETS LESS CURRENT LIABILITIES

1,101,636

900,485

PROVISIONS FOR LIABILITIES

(53,036

)

(23,990

)

NET ASSETS

1,048,600

876,495

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,048,500

876,395

SHAREHOLDERS' FUNDS

1,048,600

876,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

Mr C J Cathles - Director

1.	STATUTORY INFORMATION

The Validation Centre (TVC) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04596823

Registered office:

Ingram House

Meridian Way

Norwich

Norfolk

NR7 0TA

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies of the company 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.

Basis of accounting

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements are presented in pound sterling which is the company's functional currency.

These financial statements are prepared in accordance with FRS 102 including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

Comparatives

The accounts cover the period from 1 January 2025 to 31 December 2025. The comparatives cover the period from 1 December 2023 to 31 December 2024.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added tax.

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; and (d) it is probable that future economic benefits will flow to the entity.

Intangible assets

Goodwill, being the amount paid in connection with the acquisition of a business, was fully written down in the year ended 30 November 2008.

Other intangible assets are initially measured at cost. After initial recognition, other intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Other intangible assets are being amortised evenly over their estimated useful life of five years.

Tangible assets

Tangible assets are recorded at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Depreciation on assets is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc

- 25% on reducing balance

Stocks and work in progress

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Transactions denominated in foreign currencies are translated and recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the balance sheet date. Gains and losses on retranslation are recognised in profit or loss for the year.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

Short term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is received.

The obligations for contributions to defined contribution pension schemes are recognised as an expense in the period they are incurred. Amounts not paid at the balance sheet date are included in other creditors.

Government grants

Government grants are recognised when there is reasonable assurance that the grant conditions will be met and the grant will be received. These grants are recognised within other operating income on a systematic basis over the periods in which the related costs towards which they are intended to compensate are recognised as expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 23 ) .

4.	INTANGIBLE ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

2,000

33,718

35,718

AMORTISATION

At 1 January 2025

and 31 December 2025

2,000

33,718

35,718

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

-

-

-

5.	TANGIBLE ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

738,967

Additions

187,667

Disposals

(7,895

)

At 31 December 2025

918,739

DEPRECIATION

At 1 January 2025

642,570

Charge for year

52,259

Eliminated on disposal

(7,759

)

At 31 December 2025

687,070

NET BOOK VALUE

At 31 December 2025

231,669

At 31 December 2024

96,397

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

571,416

817,461

Other debtors

32,864

66,955

604,280

884,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

97

Trade creditors

190,216

341,358

Taxation and social security

39,015

90,071

Other creditors

66,473

52,405

295,704

483,931

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

40

Ordinary A

£1

40

40

10

Ordinary B

£1

10

10

40

Ordinary C

£1

40

40

10

Ordinary D

£1

10

10

100

100

9.	OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies is £238,060 (2024 - £298,235).

10.	RELATED PARTY DISCLOSURES

During the year dividends amounting to £nil (2024 - £9,136) were paid to Mr C Cathles.

During the year dividends amounting to £4,370 (2024 - £4,535) were paid to Mrs J Cathles, shareholder and wife of Mr C Cathles.

WB Alloy Welding Products Limited

During the year, the company made sales of £677,622 (2024 - £1,155,772) and purchases of £nil (2024 - £70,270) to and from WB Alloy Welding Products Limited. At the period end, the company was owed £342,970 (2024 - £596,255) by WB Alloy Welding Products Limited and owed £nil (2024 - £84,047) to WB Alloy Welding Products Limited, a company with common directors, Mr P H Houston and Mrs K M Murphy.