REGISTERED NUMBER: 03869655 (England and Wales)

Financial Statements

for the Year Ended 31st March 2025

for

WAGNER UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C R Bryan

A Schober

REGISTERED OFFICE:

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

03869655 (England and Wales)

AUDITORS:

Kendall Wadley LLP, Statutory Auditor

Chartered Accountants

Granta Lodge

71 Graham Road

Malvern

WR14 2JS

FIXED ASSETS

Tangible assets

4

100,180

26,845

CURRENT ASSETS

Stocks

806,586

871,734

Debtors

5

5,591,666

5,919,334

Cash at bank

1,139,213

1,057,854

7,537,465

7,848,922

CREDITORS

Amounts falling due within one year

6

4,383,841

4,543,224

NET CURRENT ASSETS

3,153,624

3,305,698

TOTAL ASSETS LESS CURRENT LIABILITIES

3,253,804

3,332,543

PROVISIONS FOR LIABILITIES

25,045

6,711

NET ASSETS

3,228,759

3,325,832

CAPITAL AND RESERVES

Called up share capital

8

1,423,271

1,423,271

Retained earnings

9

1,805,488

1,902,561

SHAREHOLDERS' FUNDS

3,228,759

3,325,832

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 28th May 2025 and were signed on its behalf by:

C R Bryan - Director

A Schober - Director

1.	STATUTORY INFORMATION

Wagner 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.

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.

Preparation of consolidated financial statements

The company's results are included in the consolidated financial statements of its parent, Wagner Group GmbH, Schleswigstraße 1-5 30853 Langenhagen.

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. Revenue from the sale of goods is recognised on dispatch.

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

-

25% on cost

Fixtures and fittings

-

50% on cost, 33% on cost, 25% on cost and 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 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.

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 year was 19 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st April 2024

962

61,218

62,180

Additions

25,222

89,640

114,862

Disposals

-

(5,172

)

(5,172

)

At 31st March 2025

26,184

145,686

171,870

DEPRECIATION

At 1st April 2024

961

34,374

35,335

Charge for year

6,306

34,024

40,330

Eliminated on disposal

-

(3,975

)

(3,975

)

At 31st March 2025

7,267

64,423

71,690

NET BOOK VALUE

At 31st March 2025

18,917

81,263

100,180

At 31st March 2024

1

26,844

26,845

5.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Trade debtors

1,315,298

1,891,586

Amounts recoverable on contract

4,137,021

3,914,129

Other debtors

42,305

15,490

Tax

3,037

-

Prepayments

94,005

68,909

5,591,666

5,890,114

31/3/25

31/3/24

£

£

Amounts falling due after more than one year:

Trade debtors

-

29,220

Aggregate amounts

5,591,666

5,919,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

181,722

258,469

Amounts owed to group undertakings

336,819

118,320

Tax

-

347,169

Social security and other taxes

34,254

40,081

VAT

137,543

260,446

Other creditors

6,847

29,603

Deferred income

3,421,397

3,292,815

Accrued expenses

265,259

196,321

4,383,841

4,543,224

7.	LEASING AGREEMENTS

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

31/03/25

31/03/24

£

£

Within one year

149,311

95,210

Between two and five years

260,868

120,045

410,179

215,255

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

1,000,001

Ordinary

£1

1,000,001

1,000,001

423,270

Redeemable Preference

£1

423,270

423,270

1,423,271

1,423,271

9.

RESERVES

Retained

earnings

£

At 1st April 2024

1,902,561

Profit for the year

702,928

Dividends

(800,001

)

At 31st March 2025

1,805,488

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

The Report of the Auditors was unqualified.

Sarah Morley BA (Hons) ACA (Senior Statutory Auditor)

for and on behalf of Kendall Wadley LLP, Statutory Auditor