REGISTERED NUMBER: 06436978 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

ELEMENTAR UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

S O Schmitt

A M Sieper

P Wheeler

Secretary:

P Wheeler

Registered office:

Isoprime House Earl Road

Cheadle Hulme

Cheadle

Cheshire

SK8 6PT

Registered number:

06436978 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

43,649

50,033

Investments

6

11,982

11,982

55,631

62,015

Current assets

Stocks

2,241,364

2,032,920

Debtors

7

5,775,886

4,988,723

Cash at bank and in hand

8,015,005

8,328,006

16,032,255

15,349,649

Creditors

Amounts falling due within one year

8

2,502,965

2,338,316

Net current assets

13,529,290

13,011,333

Total assets less current liabilities

13,584,921

13,073,348

Provisions for liabilities

8,493

9,934

Net assets

13,576,428

13,063,414

Capital and reserves

Called up share capital

200,000

200,000

Retained earnings

13,376,428

12,863,414

13,576,428

13,063,414

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:

P Wheeler - Director

1.	Statutory information

Elementar 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

In assessing the company's ability to continue as a going concern, the Directors have considered the liquidity position and reviewed cash flow forecasts for the foreseeable future. The company has adequate financial resources and as a consequence, the Directors believe that the company is well places to managed its business risks successfully and meet its liabilities as they fall due. For this reason, the Directors continue to adopt the going concern concept.

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates that affect amounts recognised for assets and liabilities at the reporting date and the amounts of revenue and expenses incurred during the reporting period. Actual outcomes may differ from these judgements, estimates and assumptions that have the most significant effect on the carrying value of assets and liabilities of the company are discussed below.

Determination of the stock provision - A provision is calculated using specific percentages referenced to the age of stock and review of stock items against net realisable value. The policy adopted by the company is consistent with other group members. A provision of £650,881 (2023 - £413,664) has been recognised against stock.

Determination of bad debt provision - A specific provision is calculated by reference to the period over which the outstanding invoice is overdue. The policy adapted by the company is consistent with the other group members. A provision of £49,197 (2023 - £254,847) has been recognised against trade debtors and a provision of £1,726,482 (2023 - £1,553,658) has been recognised against group debtors.

Turnover

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

Revenue related to the sale of the products is recognised when the risks and rewards of ownership of the product is transferred to he customer.

Revenue relating to the installation of the product is recognised on a service provided basis.

Revenue from sales of extended warranties is recognised over the life of the warranty.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property - 7-10 years straight line

Demo lab assets - 3-7 years straight line

Fixtures and fittings - 20% straight line

Equipment - 3-7 years straight line

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Stock is accounted for using average cost methodology.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, amounts due from fellow group companies and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit or loss.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

4.	Employees and directors

The average number of employees during the year was 31 (2023 - 28 ) .

5.	Tangible fixed assets

Fixtures

Leasehold

Demo lab

Office

and

property

assets

equipment

fittings

Totals

£

£

£

£

£

Cost

At 1 January 2024

308,183

239,375

233,475

78,193

859,226

Additions

-

6,600

4,050

-

10,650

At 31 December 2024

308,183

245,975

237,525

78,193

869,876

Depreciation

At 1 January 2024

308,183

209,631

214,796

76,583

809,193

Charge for year

-

6,388

10,472

174

17,034

At 31 December 2024

308,183

216,019

225,268

76,757

826,227

Net book value

At 31 December 2024

-

29,956

12,257

1,436

43,649

At 31 December 2023

-

29,744

18,679

1,610

50,033

6.	Fixed asset investments

Other

investments

£

Cost

At 1 January 2024

and 31 December 2024

11,982

Net book value

At 31 December 2024

11,982

At 31 December 2023

11,982

The company owns a 10% holding in Elementar India Private Limited, a company incorporated in India.

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

834,101

1,493,318

Amounts owed by group undertakings

4,674,200

3,315,721

Other debtors

267,585

179,684

5,775,886

4,988,723

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

235,376

85,392

Amounts owed to group undertakings

1,259,347

677,738

Taxation and social security

151,165

297,446

Other creditors

857,077

1,277,740

2,502,965

2,338,316

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

108,942

123,520

Between one and five years

20,386

135,905

129,328

259,425

10.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Fort FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

11.	Pension commitments

The company incurred expenses of £129,198 (2023 - £108,829) in relation to a defined contribution scheme.

12.	Related party disclosures

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.

13.	Ultimate controlling party

Elementar UK Limited is a wholly owned subsidiary of Elementar Analysensysteme GmbH, a company incorporated in Germany. The registered address of Elementar Analysensysteme GmbH is Elementar Straße 1, 63505 Langenselbold, Germany. Mr A M Sieper is the ultimate controlling party by virtue of his shareholding in the parent company.

The largest group into which Elementar UK Limited is consolidated is that headed by Elementar

Analysensysteme GmbH. This is the only group that Elementar UK Limited is consolidated into.