REGISTERED NUMBER: 04450710 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WELCH AND TIDY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P S Suri

REGISTERED OFFICE:

Europa House

18 Wadsworth Road

Perivale

Greenford

Middlesex

UB6 7JD

REGISTERED NUMBER:

04450710 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

53 Theobald Street

Borehamwood

WD6 4RT

FIXED ASSETS

Intangible assets

4

1

3,415

Tangible assets

5

489,299

552,295

489,300

555,710

CURRENT ASSETS

Stocks

2,839,808

2,316,320

Debtors

6

2,367,489

2,333,532

Cash at bank and in hand

5,217

122,082

5,212,514

4,771,934

CREDITORS

Amounts falling due within one year

7

2,605,463

2,121,757

NET CURRENT ASSETS

2,607,051

2,650,177

TOTAL ASSETS LESS CURRENT LIABILITIES

3,096,351

3,205,887

CREDITORS

Amounts falling due after more than one year

8

(30,668

)

(156,722

)

PROVISIONS FOR LIABILITIES

(128,245

)

(128,245

)

NET ASSETS

2,937,438

2,920,920

CAPITAL AND RESERVES

Called up share capital

200,000

200,000

Retained earnings

2,737,438

2,720,920

2,937,438

2,920,920

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2026 and were signed by:

P S Suri - Director

1.	STATUTORY INFORMATION

Welch and Tidy 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Welch and Tidy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Acquired goodwill written off at 10% on straight line basis.

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.

Tangible fixed assets

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.

Plant and machinery - 20% on reducing balance basis

Fixture and fittings - 10% on reducing balance basis

Motor vehicle - 20% on reducing balance basis

Stocks

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

Financial instruments

The Company only enters into basic financial instrument transaction that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from banks and other third parties, loans to and from related parties and investments in ordinary shares.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of tangible and intangible assets

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an assets may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior period may no longer exist or may have decreased.

Debtors, creditors, provision for liabilities

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

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

Provision for liabilities: Provisions are made where an event has taken place that gives the Company a legal obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provision are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure to settle the obligation, taking into account relevant risks and uncertainties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

298,795

AMORTISATION

At 1 January 2025

295,380

Charge for year

3,414

At 31 December 2025

298,794

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

3,415

A value of £298,795 was capitalised on acquisition of the company in 2002. However, on 31 December 2022, an assessment in regards to the current market value of the company was carried out by an external valuer, who has put the value of the company in the region of £860,000.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,687,750

Additions

1,350

At 31 December 2025

1,689,100

DEPRECIATION

At 1 January 2025

1,135,455

Charge for year

64,346

At 31 December 2025

1,199,801

NET BOOK VALUE

At 31 December 2025

489,299

At 31 December 2024

552,295

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

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

27,000

DEPRECIATION

At 1 January 2025

and 31 December 2025

10,419

NET BOOK VALUE

At 31 December 2025

16,581

At 31 December 2024

16,581

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

505,595

484,794

Amounts owed by group undertakings

1,825,107

1,813,457

Other debtors

36,787

35,281

2,367,489

2,333,532

Included within other debtors are prepaid expenses of £22,789 (2024: £19,681).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

922,820

427,169

Hire purchase contracts

20,214

5,277

Trade creditors

620,610

702,316

Taxation and social security

229,841

159,338

Other creditors

811,978

827,657

2,605,463

2,121,757

Included within other creditors are accrued expenses of £17,048 (2024: £7,200).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

88,493

Hire purchase contracts

30,668

68,229

30,668

156,722

9.	FINANCIAL INSTRUMENTS

On August 2024, the company entered into an invoice financing agreement with HSBC Invoice Finance Ltd, the factor, at 15% discount rate..The company also entered into a trade financing agreement with HSBC Bank Ltd for a facility of £900,000 (2024: £500,000). This facility has been secured by way of fixed and floating charge including that of negative pledge against Company's assets. At the balance sheet date, the total trade finance debt owed by the company is £845,947 (2024: £280,840).

10.	ULTIMATE CONTROLLING PARTY

The parent company is CCL (WT) Newco 4 Limited, a company registered in England and Wales.

The ultimate controlling party is the Suri family.