REGISTERED NUMBER: 09975177 (England and Wales)

Audited Financial Statements

for the Period 1 February 2024 to 31 December 2024

for

Siltherm Uk Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C J Knowles

G I White

H Wang

J Yuan

REGISTERED OFFICE:

Unit 2 Oak Park Industrial Estate

Oak Lane

Kingswinford

DY6 7JD

REGISTERED NUMBER:

09975177 (England and Wales)

AUDITORS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

FIXED ASSETS

Tangible assets

4

21,927

-

CURRENT ASSETS

Stocks

5

2,260,587

2,448

Debtors

6

2,875,355

36,736

Cash at bank

525,765

91,458

5,661,707

130,642

CREDITORS

Amounts falling due within one year

7

5,592,293

158,075

NET CURRENT ASSETS/(LIABILITIES)

69,414

(27,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,341

(27,433

)

CREDITORS

Amounts falling due after more than one year

8

(101,425

)

-

PROVISIONS FOR LIABILITIES

(5,319

)

-

NET LIABILITIES

(15,403

)

(27,433

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(15,503

)

(27,533

)

(15,403

)

(27,433

)

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 Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

C J Knowles - Director

1.	STATUTORY INFORMATION

Siltherm Uk Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

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

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

22,705

2,645

25,350

At 31 December 2024

22,705

2,645

25,350

DEPRECIATION

Charge for period

3,027

396

3,423

At 31 December 2024

3,027

396

3,423

NET BOOK VALUE

At 31 December 2024

19,678

2,249

21,927

5.

STOCKS

31.12.24

31.1.24

(Unaudited)

£

£

Stocks

2,260,587

2,448

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.1.24

(Unaudited)

£

£

Trade debtors

2,815,267

1,018

Other debtors

60,088

35,718

2,875,355

36,736

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.1.24

(Unaudited)

£

£

Bank loans and overdrafts

3,000

9,500

Trade creditors

4,851,057

7,251

Amounts owed to group undertakings

158,504

-

Taxation and social security

229,187

-

Other creditors

350,545

141,324

5,592,293

158,075

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.1.24

(Unaudited)

£

£

Bank loans

3,750

-

Amounts owed to group undertakings

97,675

-

101,425

-

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We were not appointed as auditors of the company until 10 June 2025 and thus did not observe the counting of physical

inventories. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31

December 2024, which are included in the balance sheet at £2,260,587, by using other audit procedures. Consequently,

we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.

Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the

financial statements section of our report. We are independent of the company in accordance with the ethical

requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard,

and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit

evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Neil Smith BSc FCA (Senior Statutory Auditor)

for and on behalf of Folkes Worton LLP