REGISTERED NUMBER: 03204417 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KONTRON UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Johnson

REGISTERED OFFICE:

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

REGISTERED NUMBER:

03204417 (England and Wales)

AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Intangible assets

4

579,921

-

Tangible assets

5

36,547

67,321

Investments

6

9,500

9,500

625,968

76,821

CURRENT ASSETS

Stocks

1,415,779

1,507,568

Debtors

7

708,611

1,084,470

Cash at bank

1,823,573

2,337,535

3,947,963

4,929,573

CREDITORS

Amounts falling due within one year

8

371,124

1,418,238

NET CURRENT ASSETS

3,576,839

3,511,335

TOTAL ASSETS LESS CURRENT LIABILITIES

4,202,807

3,588,156

PROVISIONS FOR LIABILITIES

10

250,202

2,051

NET ASSETS

3,952,605

3,586,105

CAPITAL AND RESERVES

Called up share capital

172,550

172,550

Share premium

144,525

144,525

Capital contribution reserve

128,272

-

Retained earnings

3,507,258

3,269,030

SHAREHOLDERS' FUNDS

3,952,605

3,586,105

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 24 September 2025 and were signed by:

D Johnson - Director

1.	STATUTORY INFORMATION

Kontron 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 financial statements are presented in Sterling (£), which is also the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest whole £1.

Preparation of consolidated financial statements

The financial statements contain information about Kontron UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Kontron AG, 4021 Linz, Austria.

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.

Turnover from the sales of goods is recognised when all of the following conditions are satisfied:

- The company has transferred to the buyer the significant risks and rewards of ownership of the goods;

- The amount of revenue can be measured reliably;

- It is probable that the economic benefits associated with the transactions will flow to the company; and

- The costs incurred in respect of the transaction can be measured reliably.

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.

Development expenditure is recognised as an intangible asset when the company can demonstrate that the technical feasibility, and availability of adequate technical, financial and other resources, of completing the intangible asset is met, with the intention, and ability, to complete and use or sell it, and where the asset will generate probable future economic benefits. Capitalised development costs are amortised on a straight-line basis over their estimated useful economic life of 10 years but is only charged when the asset has been brought into use.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property lease

Fixtures and fittings

-

33% on cost

Tangible fixed assets are stated at cost less depreciation.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less accumulated impairment losses.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Cost is determined using the averaging method. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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 taxation

Deferred tax is recognised in respect of all material 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.

Research and development

Expenditure on research and development that is not eligible to be capitalised as intangible fixed assets 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 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.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions

Provisions are measured at the best estimate (including risks and uncertainties) of the expenditure required to settle the obligation at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 January 2024

459,114

-

459,114

Additions

-

588,847

588,847

At 31 December 2024

459,114

588,847

1,047,961

AMORTISATION

At 1 January 2024

459,114

-

459,114

Amortisation for year

-

8,926

8,926

At 31 December 2024

459,114

8,926

468,040

NET BOOK VALUE

At 31 December 2024

-

579,921

579,921

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 January 2024

148,321

216,994

365,315

Additions

109,333

-

109,333

At 31 December 2024

257,654

216,994

474,648

DEPRECIATION

At 1 January 2024

148,321

149,673

297,994

Charge for year

109,333

30,774

140,107

At 31 December 2024

257,654

180,447

438,101

NET BOOK VALUE

At 31 December 2024

-

36,547

36,547

At 31 December 2023

-

67,321

67,321

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

9,500

NET BOOK VALUE

At 31 December 2024

9,500

At 31 December 2023

9,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

469,880

982,619

Amounts owed by group undertakings

15,911

50,511

Other debtors

222,820

51,340

708,611

1,084,470

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

150,772

147,086

Amounts owed to group undertakings

117,609

812,636

Taxation and social security

50,796

381,833

Other creditors

51,947

76,683

371,124

1,418,238

9.	LEASING AGREEMENTS

At the balance sheet date the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £128,185 (2023: £203,623).

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

127,075

2,051

Dilapidation provision

123,127

-

250,202

2,051

Deferred

Other

tax

provisions

£

£

Balance at 1 January 2024

2,051

-

Provided during year

-

123,127

Charge to Income Statement during year

125,024

-

Balance at 31 December 2024

127,075

123,127

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

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Kontron Europe GmbH, a company incorporated in Germany. The registered office for Kontron Europe GmbH is Gutenbergstrasse 2, Ismaning 85737, Germany. The company's ultimate controlling party is Kontron AG, incorporated in Austria, into which the company is consolidated. The consolidated financial statements of Kontron AG are available at the registered office for Kontron AG, 4021 Linz, Austria.