REGISTERED NUMBER: 01704124 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

NEWTEC ODENSE(U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A B Petersen

Mr R S Mumford

REGISTERED OFFICE:

21 - 23 Fleet Road Industrial Estate

Fleet Road

Holbeach

Lincolnshire

PE12 8LY

REGISTERED NUMBER:

01704124 (England and Wales)

AUDITORS:

Bronsens

Statutory Auditor

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

5

76,455

110,878

CURRENT ASSETS

Stocks

6

1,268,034

2,444,551

Debtors

7

1,473,026

2,095,810

Investments

8

398,800

406,931

Cash at bank and in hand

1,616,630

1,819,018

4,756,490

6,766,310

CREDITORS

Amounts falling due within one year

9

2,304,544

4,593,156

NET CURRENT ASSETS

2,451,946

2,173,154

TOTAL ASSETS LESS CURRENT LIABILITIES

2,528,401

2,284,032

CREDITORS

Amounts falling due after more than one year

10

(17,963

)

(23,951

)

PROVISIONS FOR LIABILITIES

11

(14,093

)

(19,867

)

NET ASSETS

2,496,345

2,240,214

CAPITAL AND RESERVES

Called up share capital

12

15,000

15,000

Retained earnings

2,481,345

2,225,214

SHAREHOLDERS' FUNDS

2,496,345

2,240,214

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 October 2025 and were signed on its behalf by:

Mr R S Mumford - Director

1.	STATUTORY INFORMATION

Newtec Odense(U.K.) 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 (£).

The nature of the company's operations and principal activity is that of design and manufacture of high quality weighing, packing and sorting machinery. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Machine sales are recognised on delivery to the customer.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Current asset investments

Current assets investment are stated at cost and do not take into account any unrealised foreign exchange rate differences.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

15,998

24,043

192,812

9,164

242,017

Additions

-

1,790

-

-

1,790

Disposals

-

-

(16,809

)

-

(16,809

)

At 30 April 2025

15,998

25,833

176,003

9,164

226,998

DEPRECIATION

At 1 May 2024

10,041

16,598

96,845

7,655

131,139

Charge for year

2,072

2,159

30,943

1,040

36,214

Eliminated on disposal

-

-

(16,810

)

-

(16,810

)

At 30 April 2025

12,113

18,757

110,978

8,695

150,543

NET BOOK VALUE

At 30 April 2025

3,885

7,076

65,025

469

76,455

At 30 April 2024

5,957

7,445

95,967

1,509

110,878

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

and 30 April 2025

44,930

DEPRECIATION

At 1 May 2024

8,986

Charge for year

8,986

At 30 April 2025

17,972

NET BOOK VALUE

At 30 April 2025

26,958

At 30 April 2024

35,944

6.

STOCKS

30.4.25

30.4.24

£

£

Stocks

1,268,034

2,444,551

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,431,973

2,065,773

Prepayments

41,053

30,037

1,473,026

2,095,810

8.	CURRENT ASSET INVESTMENTS

The investment relates to UK Treasury 2.75% bonds that mature on 7 September 2024.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

5,989

5,989

Trade creditors

114,573

247,702

Tax

179,405

171,081

Social security and other taxes

18,363

13,355

VAT

370,427

333,630

Amount owed to group companies

580,120

2,637,543

Deferred income - deposits

923,006

1,095,266

Accrued expenses

112,661

88,590

2,304,544

4,593,156

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

17,963

23,951

11.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

Accelerated capital allowances

14,093

19,867

Deferred

tax

£

Balance at 1 May 2024

19,867

Provided during year

(5,774

)

Balance at 30 April 2025

14,093

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

15,000

Ordinary

£1

15,000

15,000

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

The Report of the Auditors was unqualified.

Mr Mark Nicholas Winks (Senior Statutory Auditor)

for and on behalf of Bronsens

14.	RELATED PARTY DISCLOSURES

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.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Newtec Holding A/S.