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REGISTERED NUMBER: 11835210 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KLS MARTIN IPS SERVICE UK LIMITED

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

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


KLS MARTIN IPS SERVICE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C Leibinger
F Reinauer





REGISTERED OFFICE: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 11835210 (England and Wales)





AUDITORS: Cooper Parry Group Limited
Statutory Auditor
First Floor, Davidson House
Forbury Square
Reading
Berkshire
RG1 3EU

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 38,470 41,445

CURRENT ASSETS
Stocks 5,000 49,000
Debtors 5 292,167 160,065
Cash at bank 6,558 35,431
303,725 244,496
CREDITORS
Amounts falling due within one year 6 59,092 17,504
NET CURRENT ASSETS 244,633 226,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,103

268,437

PROVISIONS FOR LIABILITIES 9,280 1,277
NET ASSETS 273,823 267,160

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Retained earnings 248,823 242,160
SHAREHOLDERS' FUNDS 273,823 267,160

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 and authorised for issue by the Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:





C Leibinger - Director


KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

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


1. STATUTORY INFORMATION

KLS Martin IPS Service 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.

The financial statements are prepared in pounds Sterling, which is the functional currency of the
Company. Monetary amounts in these financial statements are rounded to the nearest '£'.

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, with all balances being rounded to the nearest pound.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 services
Turnover from the sale of services 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.

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

- Fixtures and fittings - 4 years straight line
- Computer equipment - 3 years straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value

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.


KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

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.

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 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 121,424
Additions 7,617
At 31 December 2024 129,041
DEPRECIATION
At 1 January 2024 79,979
Charge for year 10,592
At 31 December 2024 90,571
NET BOOK VALUE
At 31 December 2024 38,470
At 31 December 2023 41,445

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 233,987 125,047
Other debtors 58,180 35,018
292,167 160,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 35,839 -
Taxation and social security 2,000 -
Other creditors 21,253 17,504
59,092 17,504

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year - 14,538

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
25,000 Ordinary £1 25,000 25,000

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

The Report of the Auditors was unqualified.

Mark Newbold FCA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

10. PENSION COMMITMENTS

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.

KLS MARTIN IPS SERVICE UK LIMITED (REGISTERED NUMBER: 11835210)

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


11. ULTIMATE CONTROLLING PARTY

The Company's immediate parent undertaking is KLS Martin SE & Co. KG, a privately owned company incorporated in Germany.

Karl Leibinger GmbH & Co. KG (incorporated in Germany) is regarded by the directors as being the Company's ultimate parent company.

Karl Leibinger GmbH & Co. KG is both the smallest and largest group of undertakings for which consolidated financial statements, including KLS Martin IPS Service UK Limited, are produced. The registered address of Karl Leibinger GmbH & Co. KG is Kolbinger Str. 10, 78570 Mühlheim an der Donau, Germany.

The ultimate controlling party is deemed to be Christian Leibinger by virtue of his controlling stake in the ultimate parent company.