REGISTERED NUMBER: 09833224 (England and Wales)

LEOCH BATTERY UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

7,371

9,764

Tangible assets

5

27,799

37,751

35,170

47,515

CURRENT ASSETS

Stocks

3,364,515

2,585,355

Debtors

6

1,857,280

839,724

Cash at bank and in hand

696,385

394,807

5,918,180

3,819,886

CREDITORS

Amounts falling due within one year

7

4,507,321

2,646,416

NET CURRENT ASSETS

1,410,859

1,173,470

TOTAL ASSETS LESS CURRENT LIABILITIES

1,446,029

1,220,985

CAPITAL AND RESERVES

Called up share capital

8

3,163,929

3,163,929

Retained earnings

9

(1,717,900

)

(1,942,944

)

SHAREHOLDERS' FUNDS

1,446,029

1,220,985

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 and authorised for issue by the director and authorised for issue on 29 September 2025 and were signed by:

M Xiaoqiang - Director

1.	STATUTORY INFORMATION

Leoch Battery UK Ltd 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:

09833224

Registered office:

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

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 represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 7 years

Fixtures and fittings

-

20% on cost

Office equipment

-

25% on cost

The assets' residual values, useful life and depreciation methods are reviewed, and adjusted if appropriate. As a result the deprecation rate on Fixtures and fittings has changed from 20% reducing balance to 20% straight line, Motor vehicles has changed from 25% reducing balance to 25% straight line and Office equipment has changed from 25% reducing balance to 25% straight line. This is to reflect the change in the assets estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is determined on a weighted average basis.

Debtors and creditors

Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

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 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.

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.

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.

Going concern

The financial statements have been prepared on a Going Concern basis.

The appropriateness of the going concern basis is dependant upon continued support from the ultimate parent company which has confirmed it will maintain financial support for a period of at least 12 months from the date of these financial statements. The directors have made their own enquiries of the going concern status of the parent company and are satisfied that it is able to maintain financial support for the relevant period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

19,861

Disposals

(8,100

)

At 31 December 2024

11,761

AMORTISATION

At 1 January 2024

10,097

Amortisation for year

2,393

Eliminated on disposal

(8,100

)

At 31 December 2024

4,390

NET BOOK VALUE

At 31 December 2024

7,371

At 31 December 2023

9,764

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

10,058

39,257

42,217

91,532

Additions

-

-

2,865

2,865

Disposals

-

-

(10,239

)

(10,239

)

At 31 December 2024

10,058

39,257

34,843

84,158

DEPRECIATION

At 1 January 2024

2,434

30,307

21,040

53,781

Charge for year

1,421

3,053

8,343

12,817

Eliminated on disposal

-

-

(10,239

)

(10,239

)

At 31 December 2024

3,855

33,360

19,144

56,359

NET BOOK VALUE

At 31 December 2024

6,203

5,897

15,699

27,799

At 31 December 2023

7,624

8,950

21,177

37,751

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,646,677

719,506

Amounts owed by group undertakings

25,891

40,300

Other debtors

15,979

25,464

VAT

117,302

-

Prepayments and accrued income

51,431

54,454

1,857,280

839,724

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

279,739

44,944

Amounts owed to group undertakings

3,977,833

2,419,661

Social security and other taxes

21,612

21,010

VAT

-

10,161

Other creditors

3,080

2,618

Accruals and deferred income

225,057

148,022

4,507,321

2,646,416

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

3,163,929

Ordinary

£1

3,163,929

3,163,929

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(1,942,944

)

Profit for the year

225,044

At 31 December 2024

(1,717,900

)

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

The Report of the Auditors was unqualified.

Karl Hobbins FCCA (Senior Statutory Auditor)

for and on behalf of CFW Accountants LLP

11.	CONTINGENT ASSETS

The company has trading losses of £535,765 available for carry forward against future trading profits.

The company has non-trading losses of £8,828 available for carry forward against future non-trading profits.

A deferred tax asset of £129,144 has not been provided due to the uncertainty of sufficient taxable profits in the foreseeable future.

12.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has other financial commitments, in the form of operating lease commitments, amounting to £288,502 (2023 - £117,402).

13.	RELATED PARTY DISCLOSURES

Transactions during the year and balances at 31 December 2023 relating to owners holding a participating interest in the company were:

2024

2023

£

£

Bad debt provisions

-

3,942

Transactions during the year relating to companies in which the company owns a participating interest itself were:

2024

2023

£

£

Bad debt provisions

-

-

14.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Leoch DBS Limited, incorporated in England and Wales. Leoch DBS Limited's registered office is Unit 5B, Welland Business Park, Valley Way, Market Harborough, Leicestershire, LE16 7PS.

The parent company of the smallest group within which the company belongs and for which group financial statements are prepared is Leoch International Holdings Pte Ltd, incorporated in Singapore. Leoch International Holdings Pte Ltd's registered office is 1 Tech Park Crescent, Singapore, 638131. Singapore.

The ultimate parent company is Leoch International Technology Limited, incorporated in the Cayman Islands. Leoch International Technology Limited's registered office is 5th Floor, Xin Bao Hui Building, No. 2061, Nanhai Avenue, Nanshan District, Shenzhen, Guangdong Province, China.