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REGISTERED NUMBER: 11097731 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

COMPLEO CHARGING SOLUTIONS UK LIMITED

COMPLEO CHARGING SOLUTIONS UK LIMITED (REGISTERED NUMBER: 11097731)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPLEO CHARGING SOLUTIONS UK LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: S J Robertshaw
J A Cowan
B Dietrich
M A J Gerhard





REGISTERED OFFICE: The Lambourn
Wyndyke Furlong
Abingdon
OX14 1UJ





REGISTERED NUMBER: 11097731 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

COMPLEO CHARGING SOLUTIONS UK LIMITED (REGISTERED NUMBER: 11097731)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,232 57,084
42,232 57,084

CURRENT ASSETS
Stocks 6 447,599 1,023,004
Debtors 7 1,051,035 1,375,202
Cash at bank 337,141 205,278
1,835,775 2,603,484
CREDITORS
Amounts falling due within one year 8 1,748,701 2,948,330
NET CURRENT ASSETS/(LIABILITIES) 87,074 (344,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,306

(287,762

)

CAPITAL AND RESERVES
Called up share capital 9 4,700,000 4,500,000
Retained earnings (4,570,694 ) (4,787,762 )
SHAREHOLDERS' FUNDS 129,306 (287,762 )

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 7 March 2025 and were signed on its behalf by:





S J Robertshaw - Director


COMPLEO CHARGING SOLUTIONS UK LIMITED (REGISTERED NUMBER: 11097731)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Compleo Charging Solutions UK 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.

Going Concern
The company continues to develop its position in the EV charging market and would be loss making in the year, without the support from invoicing its sister company Compleo KG for c£1.2m of sales support costs. Budgets have been prepared and profits are anticipated in the coming years.

The parent company has confirmed the intention to continue to support the company until a profit
making position is reached, and has confirmed the facilities in place will remain until the company is in a position to repay them.

On this basis the directors are satisfied that the company is a going concern and therefore the financial statements are prepared on a going concern basis.

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.

Sale of goods
Turnover is recognised when control of products has transferred.

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.

Computer software is being amortised evenly over the remainder of its estimated useful life of one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on cost

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

COMPLEO CHARGING SOLUTIONS UK LIMITED (REGISTERED NUMBER: 11097731)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

COMPLEO CHARGING SOLUTIONS UK LIMITED (REGISTERED NUMBER: 11097731)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 114,092
AMORTISATION
At 1 January 2024
and 31 December 2024 114,092
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 January 2024 89,438
Additions 7,834
At 31 December 2024 97,272
DEPRECIATION
At 1 January 2024 32,354
Charge for year 22,686
At 31 December 2024 55,040
NET BOOK VALUE
At 31 December 2024 42,232
At 31 December 2023 57,084

6. STOCKS
2024 2023
£    £   
Stocks 447,599 1,023,004

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 386,862 818,136
Other debtors 31,215 30,614
Prepayments 28,549 22,043
446,626 870,793

COMPLEO CHARGING SOLUTIONS UK LIMITED (REGISTERED NUMBER: 11097731)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Deferred tax asset 604,409 504,409

Aggregate amounts 1,051,035 1,375,202

The deferred tax asset represents the anticipated benefit of the tax losses carried forwards.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42,895 186,417
Amounts owed to group undertakings 1,295,153 2,371,483
Social security and other taxes 23,550 18,781
VAT 36,475 64,174
Other creditors - 434
Accruals and deferred income 350,628 307,041
1,748,701 2,948,330

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,700,000 Ordinary £1 4,700,000 4,500,000

200,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)
for and on behalf of Richardson Swift Audit Ltd

11. OTHER FINANCIAL COMMITMENTS

At the period end, the total of future minimum lease payments under non-cancellable operating leases was £60,834 (2023: £175,782).

12. PARENT COMPANY

The immediate parent company is KOSTAL Energy Solutions GmbH.

The ultimate parent company is KOSTAL Industrie GmbH & Co. KG, a company incorporated in Germany. The results of the company are included in the consolidated financial statements of the ultimate parent company.