Stratasys Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08857563 (England and Wales)

STRATASYS SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

30,584

47,674

Tangible assets

5

56,430

67,899

Investments

6

383,738,479

423,934,037

383,825,493

424,049,610

CURRENT ASSETS

Debtors

7

34,458,152

33,128,733

Cash at bank

643,853

1,131,825

35,102,005

34,260,558

CREDITORS

Amounts falling due within one year

8

468,068,191

462,249,674

NET CURRENT LIABILITIES

(432,966,186

)

(427,989,116

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,140,693

)

(3,939,506

)

CREDITORS

Amounts falling due after more than one
year

9

6,774,527

11,240,685

NET LIABILITIES

(55,915,220

)

(15,180,191

)

CAPITAL AND RESERVES

Called up share capital

3,020,199

Share premium

758,196,282

Other reserves

12,632,024

Retained earnings

(829,763,725

)

(789,028,696

)

SHAREHOLDERS' FUNDS

(55,915,220

)

(15,180,191

)

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 24 September 2025 and were signed on its behalf by:

Mr A Langfeld - Director

1.	STATUTORY INFORMATION

Stratasys Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08857563

Registered office:

2nd Floor

Unit 4 Castle Park

Cambridgeshire

CB3 0AN

The presentation currency of the financial statements is the US Dollar ($).

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 as modified by the revaluation of certain assets.

Going concern

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The company's finances ultimately derive from its ultimate parent undertaking, Stratasys Limited. The directors have received a formal letter of support from Stratasys Limited, confirming the continued financial support to enable the company to meet its liabilities as they fall due for the foreseeable future.

On the basis of their assessment of the company's financial position and after confirmations received from the directors of Stratasys Limited, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Exemption From Preparing Consolidated Financial Statements

The company has taken advantage of the exemption under section 401 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Turnover

The company is contracted to provide services to related entities. This turnover represents intragroup revenue under the terms of the service agreements which are on a cost plus basis.

Turnover 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 the amount of turnover 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.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

Intangible assets

Other intangible assets are software costs which are amortised to profit and loss account over its estimated economic life of 6 years.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Computer equipment

-

25% on cost

Investments in associates

Investments are measured at cost less accumulated impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Interest receivable

Interest income is recognised using the effective interest method.

Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to profit or loss in respect of defined contribution schemes was $271,774 (2023: $217,737).

At the balance sheet date contributions of $NIL were due to the fund and are included in creditors.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are

recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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.

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 50 (2023 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

$

COST

At 1 January 2024

and 31 December 2024

407,000

145,856

552,856

AMORTISATION

At 1 January 2024

407,000

98,182

505,182

Amortisation for year

-

17,090

At 31 December 2024

407,000

115,272

522,272

NET BOOK VALUE

At 31 December 2024

-

30,584

At 31 December 2023

-

47,674

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

$

COST

At 1 January 2024

164,655

214,110

378,765

Additions

-

14,385

At 31 December 2024

164,655

228,495

393,150

DEPRECIATION

At 1 January 2024

164,655

146,211

310,866

Charge for year

-

25,854

At 31 December 2024

164,655

172,065

336,720

NET BOOK VALUE

At 31 December 2024

-

56,430

At 31 December 2023

-

67,899

6.	FIXED ASSET INVESTMENTS

Interest

in

Int in

Other

associate

subsidiaries

investments

Totals

$

COST OR VALUATION

At 1 January 2024

4,779,102

349,464,825

69,922,766

424,166,693

Additions

-

12,290,055

Disposals

-

(2,138,409

)

(11,950,000

)

(14,088,409

)

Impairments

-

(194,101

)

(38,203,103

)

(38,397,204

)

At 31 December 2024

4,779,102

347,132,315

32,059,718

383,971,135

PROVISIONS

At 1 January 2024

and 31 December 2024

232,656

-

232,656

NET BOOK VALUE

At 31 December 2024

4,546,446

347,132,315

32,059,718

383,738,479

At 31 December 2023

4,546,446

349,464,825

69,922,766

423,934,037

Cost or valuation at 31 December 2024 is represented by:

Interest

in

Int in

Other

associate

subsidiaries

investments

Totals

$

Valuation in 2024

-

(194,101

)

(38,203,103

)

(38,397,204

)

Cost

4,779,102

347,326,416

70,262,821

422,368,339

4,779,102

347,132,315

32,059,718

383,971,135

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

Trade debtors

34,315,208

32,818,216

Other debtors

142,944

310,517

34,458,152

33,128,733

Included within the amounts owed by group undertakings is an amount of $9,680,976 (2023: $10,286,154) which is unsecured, interest bearing at 2.228% and repayable on demand. The remaining balance of $24,634,232 (2023: $22,532,062) is unsecured, interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

Trade creditors

797,749

588,225

Taxation and social security

228,267

239,555

Other creditors

467,042,175

461,421,894

468,068,191

462,249,674

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

$

Other creditors

6,774,527

11,240,685

Included in other creditors is an amount of $7,165,527 (2023: $11,631,685) that relates to deferred consideration in respect of the acquisition of Stratasys Powder Production Limited in November 2021. $391,000 (2023: $391,000) is due within one year and $6,774,527 (2023: $11,240,685) is due over 11.4 years (2023: 12.4 years).

Contingent consideration was provided as a best estimate at the time of purchase. Further information has now been received since acquisition to indicate the milestones are unlikely to be achieved and therefore future payments may not be paid, therefore reducing the liability.

10.	LEASING AGREEMENTS

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

2024

2023

$

Within one year

197,162

Between one and five years

476,474

673,636

870,798

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

The Report of the Auditors was unqualified.

Domenico Maurello (Senior Statutory Auditor)

for and on behalf of Keelings Limited

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

Stratasys Powder DK