REGISTERED NUMBER: NI656768 (Northern Ireland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UK (IRELAND) EQUIPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

P Jarvis

J Jarvis

SECRETARY:

Dentons Secretaries Limited

REGISTERED OFFICE:

16 Ballycraigy Road

Antrim

Co. Antrim

BT41 1PL

REGISTERED NUMBER:

NI656768 (Northern Ireland)

AUDITORS:

Baker Tilly Mooney Moore

Statutory Auditors

17 Clarendon Road

Belfast

BT1 3BG

FIXED ASSETS

Intangible assets

5

18,547

23,878

Tangible assets

6

1,351,397

1,429,539

1,369,944

1,453,417

CURRENT ASSETS

Stocks

1,518,259

1,416,938

Debtors

7

657,694

665,609

Cash at bank and in hand

876,577

843,126

3,052,530

2,925,673

CREDITORS

Amounts falling due within one year

8

1,190,136

1,590,224

NET CURRENT ASSETS

1,862,394

1,335,449

TOTAL ASSETS LESS CURRENT LIABILITIES

3,232,338

2,788,866

PROVISIONS FOR LIABILITIES

181,535

212,387

NET ASSETS

3,050,803

2,576,479

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

245,755

245,755

Retained earnings

2,805,047

2,330,723

3,050,803

2,576,479

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 11 September 2025 and were signed on its behalf by:

P Jarvis - Director

1.	STATUTORY INFORMATION

UK (Ireland) Equipment Limited is a private company, limited by shares , registered in Northern Ireland. 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.	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.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements in:

The consideration of the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The need for impairment provisions against items held in work in progress. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

Turnover

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

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 four years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

57,741

AMORTISATION

At 1 January 2024

33,863

Amortisation for year

5,331

At 31 December 2024

39,194

NET BOOK VALUE

At 31 December 2024

18,547

At 31 December 2023

23,878

6.	TANGIBLE FIXED ASSETS

Assets

Freehold

Under

Plant and

property

Construction

machinery

£

£

£

COST

At 1 January 2024

606,702

30,067

802,185

Additions

2,450

-

-

At 31 December 2024

609,152

30,067

802,185

DEPRECIATION

At 1 January 2024

24,170

-

60,416

Charge for year

9,668

-

54,142

At 31 December 2024

33,838

-

114,558

NET BOOK VALUE

At 31 December 2024

575,314

30,067

687,627

At 31 December 2023

582,532

30,067

741,769

Fixtures,

fittings

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

21,771

133,107

1,593,832

Additions

-

-

2,450

At 31 December 2024

21,771

133,107

1,596,282

DEPRECIATION

At 1 January 2024

13,409

66,298

164,293

Charge for year

1,867

14,915

80,592

At 31 December 2024

15,276

81,213

244,885

NET BOOK VALUE

At 31 December 2024

6,495

51,894

1,351,397

At 31 December 2023

8,362

66,809

1,429,539

Tangible fixed asset's held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

597,263

622,897

Other debtors

60,431

42,712

657,694

665,609

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

41,544

102,115

Amounts owed to group undertakings

744,836

1,103,755

Taxation and social security

364,050

188,051

Other creditors

39,706

196,303

1,190,136

1,590,224

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

The Report of the Auditors was unqualified.

Joanne Small (Senior Statutory Auditor)

for and on behalf of Baker Tilly Mooney Moore

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Jarvis Products UK Ltd. The ultimate parent company and controlling party is Penco Corporation, a company incorporated in the USA, registered at 299 Buckingham St, Hartford, CT 06106.