REGISTERED NUMBER: 06247279 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BEURER UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Slade

M Buhler

M T McCulloch

S Kebbe

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

06247279 (England and Wales)

AUDITORS:

Wallwork Nelson & Johnson

Chartered Accountants & Statutory Auditors

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

27,899

33,661

27,899

33,661

CURRENT ASSETS

Stocks

2,083,446

2,568,765

Debtors

6

926,544

937,284

Cash at bank and in hand

313,477

174,972

3,323,467

3,681,021

CREDITORS

Amounts falling due within one year

7

2,459,970

2,866,193

NET CURRENT ASSETS

863,497

814,828

TOTAL ASSETS LESS CURRENT LIABILITIES

891,396

848,489

CREDITORS

Amounts falling due after more than one year

8

320,110

327,674

NET ASSETS

571,286

520,815

CAPITAL AND RESERVES

Called up share capital

11

6,157

6,157

Share premium

210,503

210,503

Capital redemption reserve

600

600

Retained earnings

354,026

303,555

SHAREHOLDERS' FUNDS

571,286

520,815

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 23 July 2025 and were signed on its behalf by:

R Slade - Director

1.	STATUTORY INFORMATION

Beurer 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.

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.

Revenue recognition

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when the risks and rewards of ownership have passed to the customer. This typically happens when goods are delivered and legal title has passed.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 25% on reducing balance

Computer equipment - 50% and 25% on cost

Short leasehold - straight line over length of lease

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

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and amounts owed to group undertakings.

Amounts owed to group undertakings are initially recognised at the transaction price and subsequently measured at amortised cost using the effective interest rate method.

Financial assets that are measured at 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 income statement.

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

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for the following reasons:

The directors have confirmed the continued support of the "Beurer Group".

Beurer GmbH, a fellow group company, has made available a revolving facility to the company of €500,000.

The directors, therefore, continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

23,850

AMORTISATION

At 1 April 2024

and 31 March 2025

23,850

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

18,310

6,924

54,791

80,025

Additions

-

-

7,895

7,895

At 31 March 2025

18,310

6,924

62,686

87,920

DEPRECIATION

At 1 April 2024

7,121

5,809

33,434

46,364

Charge for year

6,103

302

7,252

13,657

At 31 March 2025

13,224

6,111

40,686

60,021

NET BOOK VALUE

At 31 March 2025

5,086

813

22,000

27,899

At 31 March 2024

11,189

1,115

21,357

33,661

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

as restated

£

£

Trade debtors

845,784

781,582

Tax

-

5,202

Deferred tax asset

17,109

36,180

Prepayments and accrued income

63,651

114,320

926,544

937,284

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

as restated

£

£

Trade creditors

54,380

771,822

Amounts owed to group undertakings

1,948,440

1,624,038

Social security and other taxes

212,586

197,266

Other creditors

-

5,379

Accruals and deferred income

244,564

267,688

2,459,970

2,866,193

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

as restated

£

£

Amounts owed to group undertakings

320,110

327,674

9.	LEASING AGREEMENTS

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

31/3/25

31/3/24

as restated

£

£

Within one year

11,828

18,730

Between one and five years

6,606

12,210

18,434

30,940

10.	SECURED DEBTS

A Mortgage Debenture dated 27 July 2012 is registered at Companies House in favour of Beurer GmbH, a fellow group company, incorporating a fixed and floating charge over all present and future assets of the company.

Beurer GmbH has made available a revolving facility to the Company of up to an aggregate of €500,000. The secured balance as at 31 March 2025 is £320,110

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

as restated

£

£

6,157

Ordinary

£1

6,157

6,157

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

The Report of the Auditors was unqualified.

Ian Johnson FCCA (Senior Statutory Auditor)

for and on behalf of Wallwork Nelson & Johnson

13.	RELATED PARTY DISCLOSURES

Beurer GmbH is a fellow group company.

During the year, the company purchased goods totalling £3,368,220 (2024: £4,395,916) excl. VAT from Beurer GmbH. In addition, freight in the amount of £80,170 (2024: £65,361) excl. VAT, insurance in the amount of £4,785 (2024: £4,182), marketing in the amount of £28,023 (2024: £28,250), travel in the amount of £2,302 (2024: £1,953), computer expenses in the amount of £6,736 (2024: £6,195) and professional fees in the amount of £307 have been charged from Beurer GmbH. Included within trade creditors is a debit amount of £29,384 (2024: credit amount of £626,275) due to Beurer GmbH.

Beurer GmbH has made available a revolving facility to the company of €500,000. The amount outstanding at the balance sheet date of €383,200 has been translated using the closing rate which has given rise to an exchange rate gain of £7,842 (2024: £9,186). The amount outstanding in Pound Sterling is £320,110 (2024: £327,674). In addition, overdue purchase ledger amounts totalling £1,948,440 (2024: £1,624,038) have been reallocated from trade creditors to intercompany loan, in accordance with the Beurer group policy. Included within amounts due to group undertakings is a total amount of £2,268,550 (2024: £1,951,712) due to Beurer GmbH. During the year, interest of £135,453 (2024: £150,453) has been charged.

M T McCulloch is also a director of MBD Sales Limited, a related party. During the year, the company paid consultancy fees of £7,124 (2024: £8,991) to MBD Sales Limited.

14.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Hans Dinslage GmbH, a company registered in Germany.

The ultimate controlling party is Beurer GmbH, a company registered in Germany.