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Registered number: 14424078
| FINANCIAL STATEMENTS
| FOR THE PERIOD ENDED 31 DECEMBER 2024
| INVENTRONICS UK LTD
INVENTRONICS UK LTD |  |
CONTENTS
| Page
Statement of financial position | 1 - 2
Statement of changes in equity | 3
Notes to the financial statements | 4 - 8
INVENTRONICS UK LTD REGISTERED NUMBER:14424078 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 31 December |  | Unaudited 30 June
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 7,163 |  | -
|  |  | 7,163 |  | -
Current assets |  |  |  |  |
Stocks | 5 | 126,372 |  | - |
Debtors: amounts falling due within one year | 6 | 1,522,701 |  | 50,000 |
Cash at bank and in hand |  | 1,120,904 |  | - |
|  | 2,769,977 |  | 50,000 |
Creditors: amounts falling due within one year | 7 | (1,286,827) |  | - |
Net current assets |  |  | 1,483,150 |  | 50,000
Total assets less current liabilities |  |  | 1,490,313 |  | 50,000
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (1,791) |  | - |
|  |  | (1,791) |  | -
Net assets |  |  | 1,488,522 |  | 50,000
Capital and reserves |  |  |  |  |
Allotted, called up and fully paid share capital |  |  | 50,000 |  | 50,000
Capital Contribution | 8 |  | 1,268,068 |  | -
Profit and loss account | 8 |  | 170,454 |  | -
|  |  | 1,488,522 |  | 50,000
Page 1
INVENTRONICS UK LTD REGISTERED NUMBER:14424078 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 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 income and retained earnings 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 by:
J Van Velzen
Director
Date: 4 February 2026
The notes on pages 4 to 8 form part of these financial statements. Page 2
INVENTRONICS UK LTD |  |
STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 DECEMBER 2024
| Called up share capital | Capital contribution | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 July 2023 | 50,000 | - | - | 50,000
Profit for the period | - | - | 170,454 | 170,454
Total comprehensive income for the period | - | - | 170,454 | 170,454
Contributions by and distributions to owners |  |  |  |
Capital contribution introduced | - | 1,268,068 | - | 1,268,068
At 31 December 2024 | 50,000 | 1,268,068 | 170,454 | 1,488,522
| The notes on pages 4 to 8 form part of these financial statements.
Page 3
INVENTRONICS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
1. | General information
Inventronics UK LTD is a private company limited by shares, incorporated in the United Kingdom and registered in England. The company's registered address, which is the same as its principal place of business, is Landmark Office 450 Brook Drive, Green Park, Reading, United Kingdom, RG2 6UU. These financial statements have been prepared for an extended accounting period of 18 months from 1st July 2023 to 31st December 2024. The comparative figures relate to the prior financial period which ended on 30th June 2023. During this prior period, the company was dormant and unaudited. 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 other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | 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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
| 2.3 | Revenue
Revenue 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 when the significant risks and rewards of ownership of the goods have transferred to the buyer. Page 4
INVENTRONICS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | 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 Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
| 2.5 | Current and deferred taxation
The tax expense for the period comprises current and deferred tax. 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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
INVENTRONICS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.6 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Computer equipment | - | 3-5 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
3. | Employees
| The average monthly number of employees, including the director, during the period was 13 (2023 -1). In the prior period the company had no employees other than the director, who was remunerated by another group company.
Page 6
INVENTRONICS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Computer equipment
|  | £
| Cost or valuation |
| Additions | 11,997
| At 31 December 2024 | 11,997
| Depreciation |
| Charge for the period | 4,834
| At 31 December 2024 | 4,834
| Net book value |
| At 31 December 2024 | 7,163
5. | Stocks
|  |  |  |  | 31 December | Unaudited 30 June
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Raw materials and consumables | 126,372 | -
|  | 126,372 | -
6. | Debtors
|  |  |  |  | 31 December | Unaudited 30 June
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 1,391,792 | -
| Other debtors | 51,451 | 50,000
| Prepayments and accrued income | 79,458 | -
|  | 1,522,701 | 50,000
Page 7
INVENTRONICS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 December | Unaudited 30 June
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 657,301 | -
| Corporation tax | 69,508 | -
| Other taxation and social security | 331,636 | -
| Other creditors | 3,554 | -
| Accruals and deferred income | 224,828 | -
|  | 1,286,827 | -
8. | Reserves
Profit and loss account The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments. Capital contribution This reserve relates to an injection of capital from the group. These amounts are not repayable.
9. | Controlling party
Inventronics UK LTD is a wholly owned subsidiary of Inventronics (Hong Kong) Limited. The address of its registered office is 29/F The Gateway Tower 5, 25 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong. The Company's ultimate controlling party is Inventronics (Hangzhou) Inc. The address of its registered office is Inventronics Science and Technology Park No. 459, Jianghong Road, Binjiang District, Hangzhou City, Zheijiang Province, China, 310052. Inventronics (Hangzhou) Inc. is the parent of the largest group to consolidate these financial statements. The financial statements of Inventronics (Hangzhou) Inc. are publicly available at www.szse.cn
10. | Auditors' information
The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified. The audit report was signed on 5 February 2026 by Roberto Lobue FCA (Senior statutory auditor) on behalf of Menzies LLP.
Page 8