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Company No: 06873942 (England and Wales)

# SCHNEIDER PROTOTYPING (UK) LIMITED

### Unaudited Financial Statements
For the financial year ended 30 December 2024
Pages for filing with the registrar

SCHNEIDER PROTOTYPING (UK) LIMITED

## Unaudited Financial Statements

For the financial year ended 30 December 2024

Contents

SCHNEIDER PROTOTYPING (UK) LIMITED

## BALANCE SHEET

As at 30 December 2024
SCHNEIDER PROTOTYPING (UK) LIMITED

## BALANCE SHEET (continued)

As at 30 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 6,036 |  | 6,069
|  | 6,036 |  | 6,069
Current assets |  |  |  |
Stocks | 4 | 60,609 |  | 2,500
Debtors | 5 | 87,952 |  | 213,405
Cash at bank and in hand |  | 37,020 |  | 117,989
|  | 185,581 |  | 333,894
Creditors: amounts falling due within one year | 6 | ( 631,813) |  | ( 652,551)
Net current liabilities |  | (446,232) |  | (318,657)
Total assets less current liabilities |  | (440,196) |  | (312,588)
Provision for liabilities |  | ( 716) |  | ( 661)
Net liabilities |  | ( 440,912) |  | ( 313,249)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1 |  | 1
Profit and loss account |  | ( 440,913 ) |  | ( 313,250 )
Total shareholder's deficit |  | ( 440,912) |  | ( 313,249)

For the financial year ending 30 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of SCHNEIDER PROTOTYPING (UK) LIMITED (registered number: 06873942) were approved and authorised for issue by the Director on 05 November 2025. They were signed on its behalf by:

Dr Gerhard Franz Xaver Prõssl Director |

SCHNEIDER PROTOTYPING (UK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 December 2024
SCHNEIDER PROTOTYPING (UK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

SCHNEIDER PROTOTYPING (UK) LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 23 Woolsbridge Industrial Park, Oakfield Road, Wimborne, BH21 6FE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 6 |  | 6

#### 3. Tangible assets

| Plant and machinery |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 31 December 2023 | 101,646 |  | 18,025 |  | 119,671
Additions | 0 |  | 1,617 |  | 1,617
At 30 December 2024 | 101,646 |  | 19,642 |  | 121,288
Accumulated depreciation |  |  |  |  |
At 31 December 2023 | 97,102 |  | 16,500 |  | 113,602
Charge for the financial year | 1,136 |  | 514 |  | 1,650
At 30 December 2024 | 98,238 |  | 17,014 |  | 115,252
Net book value |  |  |  |  |
At 30 December 2024 | 3,408 |  | 2,628 |  | 6,036
At 30 December 2023 | 4,544 |  | 1,525 |  | 6,069

#### 4. Stocks

| 2024 |  | 2023
| £ |  | £
Stocks | 60,609 |  | 2,500

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 55,585 |  | 181,105
Amounts owed by Group undertakings | 0 |  | 500
Other debtors | 32,367 |  | 31,800
| 87,952 |  | 213,405

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 470,782 |  | 481,196
Amounts owed to Group undertakings | 83,865 |  | 85,431
Other taxation and social security | 10,731 |  | 18,854
Other creditors | 66,435 |  | 67,070
| 631,813 |  | 652,551

#### 7. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 8. Financial commitments

Commitments

| 2024 |  | 2023
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 41,083 |  | 12,083

The company has entered into a lease agreement for a warehouse. The lease is classified as an operating lease under FRS 102.

#### 9. Ultimate controlling party

Parent Company:

Schneider International Holding Gmbh
Idsteiner Straße 78, 65232 Taunusstein, Deutschland