REGISTERED NUMBER: 13794679 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

IMS Robotics UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M I Douglas

S O Tucker

REGISTERED OFFICE:

8 Overland Park

Gelderd Road

Leeds

West Yorkshire

LS27 7FE

REGISTERED NUMBER:

13794679 (England and Wales)

SENIOR STATUTORY AUDITOR:

Andrew Wilkinson FCA

AUDITORS:

Malcolm Jones & Co Limited

Statutory Auditors

Accountants and Business Advisers

West Hill House

Allerton Hill

Chapel Allerton

Leeds

West Yorkshire

LS7 3QB

FIXED ASSETS

Tangible assets

4

1,345,087

1,334,340

Investments

5

1

1

1,345,088

1,334,341

CURRENT ASSETS

Stocks

234,673

400,751

Debtors

6

635,907

658,964

Cash at bank and in hand

726,450

353,207

1,597,030

1,412,922

CREDITORS

Amounts falling due within one year

7

1,124,585

1,460,182

NET CURRENT ASSETS/(LIABILITIES)

472,445

(47,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,817,533

1,287,081

CREDITORS

Amounts falling due after more than one year

8

(26,272

)

(35,583

)

PROVISIONS FOR LIABILITIES

(331,791

)

(322,302

)

NET ASSETS

1,459,470

929,196

CAPITAL AND RESERVES

Called up share capital

9

101

101

Retained earnings

1,459,369

929,095

SHAREHOLDERS' FUNDS

1,459,470

929,196

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

M I Douglas - Director

S O Tucker - Director

1.	STATUTORY INFORMATION

IMS Robotics 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.

Turnover

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

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.

Land and buildings

-

Over the term of the lease

Plant and machinery etc

-

25% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

3,225

1,569,143

1,572,368

Additions

4,300

391,215

395,515

Disposals

-

(53,000

)

(53,000

)

At 31 December 2024

7,525

1,907,358

1,914,883

DEPRECIATION

At 1 January 2024

1,964

236,064

238,028

Charge for year

2,389

349,579

351,968

Eliminated on disposal

-

(20,200

)

(20,200

)

At 31 December 2024

4,353

565,443

569,796

NET BOOK VALUE

At 31 December 2024

3,172

1,341,915

1,345,087

At 31 December 2023

1,261

1,333,079

1,334,340

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

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

53,500

DEPRECIATION

At 1 January 2024

3,344

Charge for year

13,381

At 31 December 2024

16,725

NET BOOK VALUE

At 31 December 2024

36,775

At 31 December 2023

50,156

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

579,262

437,671

Other debtors

56,645

221,293

635,907

658,964

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

8,594

8,594

Trade creditors

341,371

1,248,654

Taxation and social security

453,090

138,408

Other creditors

321,530

64,526

1,124,585

1,460,182

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

26,272

35,583

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

510

"A" Ordinary

10p

51

51

245

"B" Ordinary

10p

25

25

245

"C" Ordinary

10p

25

25

101

101

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

The Report of the Auditors was qualified on the following basis:

Basis for opinion

We were not appointed as auditor of the company until after 31 December 2022 and thus did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities of £302,816 held at 31 December 2022 by using other audit procedures. Consequently, we were unable to determine whether there was any consequential effect on the cost of sales for the year ended 31 December 2023. Our audit opinion on the financial statements for the year ended 31 December 2023 was modified accordingly. Our opinion on the current year's financial statements is also modified because of the possible effect of this matter on the comparability of the current year's figures and the corresponding figures.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Andrew Wilkinson FCA (Senior Statutory Auditor)

for and on behalf of Malcolm Jones & Co Limited

11.	ULTIMATE CONTROLLING PARTY

The controlling party is IMS Verwaltungs GmbH.

The parent undertaking for which group accounts are drawn up is IMS Verwaltungs GmbH of Am Bauhof 6, 01458 Ottendorf-Okrilla, Germany.