ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 13841693

Gruber Logistics (UK) Limited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2024

Gruber Logistics (UK) Limited

Registered number: 13841693

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	770,304		585,813
Cash at bank and in hand		145,740		74,389
		916,044		660,202
Creditors: amounts falling due within one year	5	(822,496)		(582,555)
Net current assets			93,548		77,647
Total assets less current liabilities			93,548		77,647

Net assets			93,548		77,647

Capital and reserves
Called up share capital	100,000	100,000
Profit and loss account	(6,452)	(22,353)
	93,548	77,647

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

F Kunath

Director

Date: 18 December 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

Gruber Logistics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

Gruber Logistics (UK) Limited is a private company limited by share capital, incorporated in England and Wales (Registered number: 13841693).

The address of the registered office and principal place of business is 42 Upper Berkeley Street, London, United Kingdom, W1H 5QL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

Whilst the Company made a profit in the year and holds net current assets as at 31 December 2024, the going concern assessment is reliant upon continued support of the Group. Whilst unable to prove the ability of the Group to provide this support, the Directors are of the opinion that the support is and will continue to be available, so the going concern basis is applicable.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss within 'administrative expenses'.

Page 2

Gruber Logistics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

Gruber Logistics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Debtors

					2024	2023
					£	£


Trade debtors	613,710	147,063
Amounts owed by group undertakings	82,188	395,245
Other debtors	21,200	27,626
Prepayments and accrued income	53,206	15,879
	770,304	585,813

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	571,969	469,819
Amounts owed to group undertakings	99,136	35,942
Other taxation and social security	395	5,703
Other creditors	3,651	3,651
Accruals and deferred income	147,345	67,440
	822,496	582,555

6.	Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,264 (2023 - £2,107). Contributions totalling £Nil (2023 - £202) were payable to the fund at the balance sheet date.

Page 4

Gruber Logistics (UK) Limited

Notes to the financial statements

For the year ended 31 December 2024

	Not later than 1 year	-	11,320
		-	11,320

8.	Related party transactions
	The company has taken advantage of the exemption in Section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions with other wholly owned members of the group.

9.	Controlling party

The company's ultimate parent is Gruber Logistics S.P.A, registered in Italy, with the registered office, Via Nazionale, 75-39040, Ora (BZ), Italy. Gruber logistics S.P.A prepare consolidated accounts which incorporate results of Gruber Logistics (UK) Limited.

The ultimate controlling parties are K Gruber and M Gruber.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

In their report, the auditor emphasised the following matter without qualifying their report:

We draw attention to note 2.2 in the financial statements, which indicates that the Company is reliant upon the continued support of the Group in order to be a going concern, although we are unable to prove the ability of the Group to provide this support. As stated in note 2.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

The audit report was signed on 22 December 2025 by Allan Pinner FCCA (Senior statutory auditor) on behalf of Kreston Reeves Audit LLP.

Page 5