REGISTERED NUMBER: 05052697 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

TECSEAL (CHORLEY) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K E Hill

G D Hill

M D Hill

Mrs E E Leigh

SECRETARY:

Mrs K E Hill

REGISTERED OFFICE:

Unit 4

Chorley East Business Park

East Way

Chorley

PR6 0BJ

REGISTERED NUMBER:

05052697 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Tangible assets

4

506,329

441,870

CURRENT ASSETS

Stocks

54,675

55,863

Debtors

89,237

77,545

Cash in hand

77

830

143,989

134,238

CREDITORS

Amounts falling due within one year

262,113

233,214

NET CURRENT LIABILITIES

(118,124

)

(98,976

)

TOTAL ASSETS LESS CURRENT LIABILITIES

388,205

342,894

CREDITORS

Amounts falling due after more than one year

5

(198,544

)

(180,167

)

PROVISIONS FOR LIABILITIES

(23,971

)

(6,466

)

NET ASSETS

165,690

156,261

CAPITAL AND RESERVES

Called up share capital

7

202

202

Revaluation reserve

8

137,397

88,382

Retained earnings

28,091

67,677

SHAREHOLDERS' FUNDS

165,690

156,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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

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 14th September 2026 and were signed on its behalf by:

Mrs K E Hill - Director

1.	STATUTORY INFORMATION

Tecseal (Chorley) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation

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.

Freehold property

-

not provided

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on cost

Following the revaluation of the company's freehold property, the directors are now of the opinion that the residual value is not less than the revalued amount. Accordingly no further depreciation will be provided.

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 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st January 2025

563,586

Additions

4,390

Revaluations

70,000

At 31st December 2025

637,976

DEPRECIATION

At 1st January 2025

121,716

Charge for year

9,931

At 31st December 2025

131,647

NET BOOK VALUE

At 31st December 2025

506,329

At 31st December 2024

441,870

Cost or valuation at 31st December 2025 is represented by:

Totals

£

Valuation in 2022

41,130

Valuation in 2025

70,000

Cost

526,846

637,976

The freehold property was valued at £470,000 by Lea, Hough & Co, Chartered Surveyors, in February 2026.

The directors are of the opinion that this valuation also reflected the carrying value as at 31st December 2025 and the valuation has been adjusted accordingly.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST OR VALUATION

At 1st January 2025

and 31st December 2025

110,752

DEPRECIATION

At 1st January 2025

80,719

Charge for year

7,509

At 31st December 2025

88,228

NET BOOK VALUE

At 31st December 2025

22,524

At 31st December 2024

30,033

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loan

94,920

97,044

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

6,052

8,122

The bank loan is secured against the company's freehold property and by a fixed charge over all of the company's tangible fixed assets.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

202

Ordinary

£1

202

202

8.

RESERVES

Revaluation

reserve

£

At 1st January 2025

88,382

Revaluation in the year

49,015

At 31st December 2025

137,397

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2025 and 31st December 2024:

2025

2024

£

£

Mrs K E Hill and G D Hill

Balance outstanding at start of year

4,089

-

Amounts advanced

50,667

53,722

Amounts repaid

(49,956

)

(49,633

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,800

4,089

M D Hill

Balance outstanding at start of year

3,805

-

Amounts advanced

42,894

42,521

Amounts repaid

(40,955

)

(38,716

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,744

3,805

Mrs E E Leigh

Balance outstanding at start of year

2,096

-

Amounts advanced

27,421

31,553

Amounts repaid

(28,988

)

(29,457

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

529

2,096

Interest is charged on directors loans at HMRC approved rates where appropriate.

10.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by its directors who, between them, own all of the issued share capital.