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REGISTERED NUMBER: 04742645 (England and Wales)















INTOCAST UK LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024






INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


INTOCAST UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M Normann
T Johnson





SECRETARY: T Johnson





REGISTERED OFFICE: Chesterton Road
Eastwood Trading Estate
Rotherham
South Yorkshire
S65 1ST





REGISTERED NUMBER: 04742645 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,175 -
Tangible assets 5 181,322 210,293
197,497 210,293

CURRENT ASSETS
Stocks 2,442,433 2,889,579
Debtors 2,091,698 2,122,699
Cash at bank and in hand 260,246 413,230
4,794,377 5,425,508
CREDITORS
Amounts falling due within one year 2,847,960 3,803,059
NET CURRENT ASSETS 1,946,417 1,622,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,143,914

1,832,742

PROVISIONS FOR LIABILITIES 41,193 44,195
NET ASSETS 2,102,721 1,788,547

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 2,101,720 1,787,546
SHAREHOLDERS' FUNDS 2,102,721 1,788,547

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 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 February 2025 and were signed on its behalf by:





T Johnson - Director


INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Intocast 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.

The accounts have been prepared on the going concern basis as in the directors opinion this is the most appropriate basis for their preparation. The company meets its day to day working capital requirements together with long term funding by reliance on loans from Intocast AG. The directors of the ultimate holding company have given their assurance of continued financial and technical support for the foreseeable future.

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

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 its 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.
Improvements to property - Straight line over the life of the lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 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.


INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 17,645
At 31 December 2024 17,645
AMORTISATION
Amortisation for year 1,470
At 31 December 2024 1,470
NET BOOK VALUE

At 31 December 2024 16,175

INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 409,689
Additions 7,407
At 31 December 2024 417,096
DEPRECIATION
At 1 January 2024 199,396
Charge for year 36,378
At 31 December 2024 235,774
NET BOOK VALUE
At 31 December 2024 181,322
At 31 December 2023 210,293

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 49,882 49,975
Between one and five years 103,314 101,358
153,196 151,333

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

The Report of the Auditors was unqualified.

Andrew Cribb FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

8. RELATED PARTY DISCLOSURES

Intocast AG

Parent undertaking


During the year the company made purchases totalling £1,889,917 (2023: £4,111,992), and sales amounting to £296,633 (2023: £349,743).

2024 2023
£    £   
Amount due to related party at the balance sheet date 2,215,640 2,744,580

INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. RELATED PARTY DISCLOSURES - continued

Alsical Huttenwerkstechnik GmbH

Subsidiary of the parent undertaking


During the year the company made purchases of £63,287 (2023: £84,543) and sales amounting to £nil (2023: £nil).

Slovmag

Subsidiary of the parent company


During the year the company made purchases totalling £424,054 (2023: £146,275) and made sales amounting to £nil (2023: £12,724).

2024 2023
£    £   
Amount due to related party at the balance sheet date 52,082 -

Intocast South Africa

Subsidiary of the parent company


During the year the company made purchases totalling £nil (2023: £nil) and sales amounting to £10,402 (2023: £17,009)

2024 2023
£    £   
Amount due from related party at the balance sheet date 169 169

Intocast Slovakia

Subsidiary of the parent undertaking


During the year the company made purchases of £28,538 (2023: £56,127) and sales amounting to £739 (2023: £nil).

Pyrol SA DE CV

Subsidiary of the parent company


During the year the company made purchases totalling £nil (2023: £nil) and made sales amounting to £4,822 (2023: £4,921).

2024 2023
£    £   
Amount due from related party at the balance sheet date - 4,910

INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. RELATED PARTY DISCLOSURES - continued

Hamag Vertriebs GmbH

Subsidiary of the parent company


During the year the company purchased materials totalling £108,437 (2023: £259,042) and made sales to amounting to £10,508 (2023: £11,645).

2024 2023
£    £   
Amount due to related party at the balance sheet date - 25,329

Mapeko Feuer GmbH

Subsidiary of the parent company


During the year the company made purchases totalling £3,318 (2023: £16,128) and made sales amounting to £401 (2023: £nil).

Dolomite Franchi Spa

Subsidiary of the parent company


During the year the company made purchases totalling £nil (2023: £81,026) and sales amounting to £1,116 (2023: £480).

2024 2023
£    £   
Amount due from related party at the balance sheet date - 483

Intocast Iberica

Subsidiary of the parent company


During the year the company made purchases totalling £656,321 (2023: £964,030) and sales amounting to £nil (2023: £nil).

2024 2023
£    £   
Amount due to related party at the balance sheet date 166,390 261,787

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

INTOCAST UK LIMITED (REGISTERED NUMBER: 04742645)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hellas Investments Limited, a company incorporated and registered in Guernsey.

The immediate parent undertaking of this company is Intocast AG, a company incorporated and registered in Germany. The consolidated accounts of the parent undertaking can be obtained from Pempelfurtstraße 1, 40880 Ratingen, Germany.