REGISTERED NUMBER: 03539836 (England and Wales)

Claytex Services Limited

Financial Statements for the Year Ended 31st December 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

M G Falkman

M Brown

Registered office:

Edmund House, Rugby Road

Leamington Spa

Warwickshire

CV32 6EL

Registered number:

03539836 (England and Wales)

Auditors:

MHA

Statutory Auditors

Northampton

United Kingdom

Fixed assets

Intangible assets

4

197,935

-

Tangible assets

5

44,676

83,131

Investments

6

-

37,060

242,611

120,191

Current assets

Debtors

7

528,695

560,541

Cash at bank

392,017

490,435

920,712

1,050,976

Creditors

Amounts falling due within one year

8

1,055,740

1,101,415

Net current liabilities

(135,028

)

(50,439

)

Total assets less current liabilities

107,583

69,752

Capital and reserves

Called up share capital

2

2

Share premium

2,750

2,750

Retained earnings

104,831

67,000

107,583

69,752

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2026 and were signed on its behalf by:

M Brown - Director

1.	Statutory information

Claytex Services 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	Accounting policies

Basis of preparing the financial statements

Going Concern

The financial statements have been prepared on a basis other than going concern.

At the balance sheet date, the Company continued to hold its trading assets and liabilities. However, following the year end, all of the Company's trade and assets were transferred to TECHNIA, a sister company, or sold to third parties as part of the Group's strategic plans for the business.

As a result of these transactions, the Company no longer undertakes trading activities and does not expect to generate future trading revenues. However, the Company expects to receive royalty income from third party over the next few years under existing contractual arrangements.

At the date of approval of these financial statements, the Company retains a limited number of employees and obligations under an office lease. The costs associated with these arrangements are recharged to TECHNIA and are expected to cease once the remaining employee contracts and lease commitments have ended.

The directors intend that the Company will continue to operate only to administer its remaining contractual obligations, including the receipt of royalty income, before becoming dormant. The longer-term intention is to wind up the Company once these matters have been concluded.

Accordingly, the directors consider that it is not appropriate to prepare the financial statements on the going concern basis, as the Company has ceased trading and there is no intention to undertake future trading activities. As required by UK accounting standards, the director has prepared the financial statements on a basis that the company is no longer a going concern. The directors consider that the carrying values of the assets and liabilities are not materially different from the amounts expected to be realised and settled and therefore no adjustments have been made as a result of ceasing to apply the going concern basis.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

the Company has transferred the significant risks and rewards of ownership to the buyer;

the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

the amount of revenue can be measured reliably;

it is probable that the Company will receive the consideration due under the transaction; and

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;

it is probable that the Company will receive the consideration due under the contract;

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income statement, 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.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective method, less any impairment,

Foreign currencies

Foreign currency translations are translated in 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 exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effetive interest method.

3.	Employees and directors

The average number of employees during the year was 21 (2024 - 23 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

Additions

229,408

At 31st December 2025

229,408

Amortisation

Charge for year

31,473

At 31st December 2025

31,473

Net book value

At 31st December 2025

197,935

5.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1st January 2025

135,208

Additions

2,407

At 31st December 2025

137,615

Depreciation

At 1st January 2025

52,077

Charge for year

40,862

At 31st December 2025

92,939

Net book value

At 31st December 2025

44,676

At 31st December 2024

83,131

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1st January 2025

37,060

Disposals

(37,060

)

At 31st December 2025

-

Net book value

At 31st December 2025

-

At 31st December 2024

37,060

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

280,481

112,064

Amounts owed by group undertakings

-

106,943

Other debtors

248,214

341,534

528,695

560,541

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

3

16,871

Trade creditors

114,702

97,747

Amounts owed to group undertakings

160,555

138,046

Taxation and social security

54,283

48,629

Other creditors

726,197

800,122

1,055,740

1,101,415

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

24,220

23,509

Between one and five years

18,566

42,781

42,786

66,290

10.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Richard Powell BA FCA (Senior Statutory Auditor)

for and on behalf of MHA

MHA is the trading name of MHA Audit Services LLP, a limited liability

partnership in England and Wales (registered number OC455542)

11.	Pension commitments

The Company operates a defined contribution pension scheme. Contributions payable to the Company's pension scheme during the year were £56,668 (2024: £60,986). The amounts outstanding at the balance sheet date were £NIL (2024: £7,247).

12.	Related party disclosures

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 wholly owned subsidiaries within the group.

13.	Subsequent events

On 1 January 2026, all assets, liabilities, and employees associated with the Modelica business were transferred to TECHNIA Limited. Subsequently, on 15 June 2026, all assets and employees related to the AV business were sold to rFpro, leaving the company with no ongoing trading activities.

14.	Ultimate controlling party

The ultimate parent undertaking is Addnode Group AB, Hudiksvallsagatan 4B, SE113 30 Stockholm, Sweden, which is the parent undertaking of the smallest and largest group to consolidate these financial statements. Consolidated accounts can be obtained from the Addnode Group AB registered address.

The directors consider that there is no controlling party.