ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company Registration Number 01753435

	HOSCH (GB) LIMITED

	FINANCIAL STATEMENTS

	31 DECEMBER 2024

HOSCH (GB) LIMITED

REGISTERED NUMBER: 01753435

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	5		9,432		11,933
Investments	6		22,300		22,300
			31,732		34,233
Current assets
Stocks		364,442		391,908
Debtors: amounts falling due within one year	7	459,801		337,534
Cash at bank and in hand	8	139,000		322,127
		963,243		1,051,569
Creditors: amounts falling due within one year	9	(406,741)		(625,431)
Net current assets			556,502		426,138
Total assets less current liabilities			588,234		460,371
Creditors: amounts falling due after more than one year	10		(12,185)		(53,659)
Provisions for liabilities
Deferred tax		(1,287)		(167)
			(1,287)		(167)
Net assets			574,762		406,545

Capital and reserves
Called up share capital	11	300	300
Profit and loss account		574,462	406,245
		574,762	406,545

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HOSCH (GB) LIMITED

REGISTERED NUMBER: 01753435

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

A Frieling

Director

Date: 9 September 2025

The notes on pages 3 to 12 form part of these financial statements.

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Hosch (GB) Limited is a private company limited by shares incorporated in England and Wales with a registered number 01753435. Its registered office is Third Floor, 10 South Parade, Leeds, LS1 5QS. The principal activities during the year were providing installation, inspection and maintenance of industrial conveyor belts.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Going concern

The directors have considered their going concern assessment.
In reaching their conclusion, the directors have considered cash flow forecasts that cover a period of at least 12 months from the date of sign off of the financial statements. The directors have also considered the support available to the company from the wider Hosch group. Hosch Company, LLLP, an intermediary parent entity to Hosch (GB) Limited, have provided a formal letter indicating their continued financial support to Hosch (GB) Limited for a period of at least 12 months from the date of sign off of the financial statements. In addition Hosch Fordertechnik Recklinghausen Gmbh, who are owed a loan amount of £54,336 at 31 December 2024, have provided a formal letter indicating that they will not recall the amounts due within the next 12 months from the date of sign off of the financial statements unless Hosch (GB) Limited has the financial ability to meet all the financial commitments.
After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 goods

Revenue from the sale of goods 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.6

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

2.7

Finance costs

Finance costs are charged to the statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in the statement of comprehensive income in the year in which they are incurred.

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Land and buildings	-	10% Straight Line
				Other fixed assets	-	20% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.13

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Directors makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.
The key assumptions concerning the future, and other key sources of estimation uncertainty, that have an increased risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
i) Recoverability of trade and other receivables
The Directors establishes a provision for trade and other receivables that are estimated not to be recoverable. When assessing recoverability the directors have considered factors such as the aging of the receivables, past experience of recoverability, the financial position of the other party, and the credit profile of individual or groups of customers.
ii) Stock provisioning
Judgement and estimation is applied when determining an appropriate provision against the value of stock held due to identification of slow moving or obselete stock.

Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Tangible fixed assets

	Land and buildings	Other fixed assets	Total
	£	£	£
Cost or valuation
At 1 January 2024	26,795	136,736	163,531
At 31 December 2024	26,795	136,736	163,531
Depreciation
At 1 January 2024	17,774	133,824	151,598
Charge for the year on owned assets	1,025	1,476	2,501
At 31 December 2024	18,799	135,300	154,099
Net book value
At 31 December 2024	7,996	1,436	9,432
At 31 December 2023	9,021	2,912	11,933

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Fixed asset investments

		Investments in joint ventures
		£
	Cost or valuation and net book value
	At 1 January 2024	22,300
	At 31 December 2024	22,300

Debtors

					2024	2023
					£	£


Trade debtors	430,212	310,607
Other debtors	3,752	-
Prepayments and accrued income	25,837	26,927
	459,801	337,534

8.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	139,000	322,127
	139,000	322,127

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other loans	42,151	41,604
Trade creditors	206,583	466,128
Corporation tax	18,721	-
Other taxation and social security	80,727	80,717
Accruals and deferred income	58,559	36,982
	406,741	625,431

The other loans are secured over the claims generated from the sale of the goods supplied by the loan provider.

10.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Other loans	12,185	53,659
	12,185	53,659

The other loans are secured over the claims generated from the sale of the goods supplied by the loan provider.
The other loans are repayable within five years.

11.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

300 (2023 - 300) Ordinary shares of £1.00 each	300	300

12.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,544 (2023 - £23,292). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

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HOSCH (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Not later than 1 year	2,051	4,601
Later than 1 year and not later than 5 years	1,579	3,590
	3,630	8,191

14.

Related party transactions

The Company received dividend income of £1,125,600 (2023: £95,805) from Hosch Equipment (India) Limited. Hosch (GB) Limited owns 50% of the share company of Hosch Equipment (India) Limited.
All other transactions with group companies were undertaken at arm's length, and under normal market conditions.
The Company has taken advantage of the exemption contained in Section 33 of FRS 102 'Related Party
Disclosures' from disclosing transactions with entities which are part of the group, since 100% or more of
the voting rights in the Company controlled within the group.

15.	Ultimate parent undertaking and controlling party

The ultimate holding company is Hosch Inc, Pittsburgh, Pennsylvania, USA.
The immediate parent undertaking is Hosch Company, LLLP, Pittsburgh, Pennsylvania, USA.
The ultimate controlling party is C Kill-Frech.

16.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 9 September 2025 by Huw Nicholls (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

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