Company registration number 03721545 (England and Wales)
LAVORWASH (GB) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
LAVORWASH (GB) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
LAVORWASH (GB) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
1
1,200
Current assets
Stocks
515,599
443,126
Debtors
4
299,562
305,185
Cash at bank and in hand
218,525
144,986
1,033,686
893,297
Creditors: amounts falling due within one year
5
(507,440)
(421,393)
Net current assets
526,246
471,904
Net assets
526,247
473,104
Capital and reserves
Called up share capital
900,000
900,000
Profit and loss reserves
(373,753)
(426,896)
Total equity
526,247
473,104

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 February 2026
P Bucchi
Director
Company registration number 03721545 (England and Wales)
LAVORWASH (GB) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Lavorwash (GB) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18 Park Court, Sullivans Way, St Helens, Merseyside, WA9 5GZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company can only continue as a going concern with the continued support of the parent company, Lavorwash true S.p.A.

The company now has net assets of £526,246 (20 2 4: £473,1 04), the director is of the opinion that it is appropriate to prepare the financial statements on the going concern basis due to the continued support provided by the parent company.

Lavorwash (GB) Limited has a liability, included within creditor amounts due within 1 year, to Lavorwash S. p. A. of £461,614 (20 2 4: £369,538). The director of Lavorwash S. p. A. has provided a letter of guarantee that the parent company will not seek to recover the debts in the prescribed timeframe.

1.3
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

LAVORWASH (GB) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
33% Straight line
Plant and machinery
33%/15% Straight line
Fixtures, fittings & equipment
33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LAVORWASH (GB) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
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.

1.11
Retirement benefits

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

LAVORWASH (GB) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
3
3
Tangible fixed assets
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 1 January 2025 and 31 December 2025
40,178
48,742
47,959
136,879
Depreciation and impairment
At 1 January 2025
40,178
48,742
46,759
135,679
Depreciation charged in the year
-
0
-
0
1,199
1,199
At 31 December 2025
40,178
48,742
47,958
136,878
Carrying amount
At 31 December 2025
-
0
-
0
1
1
At 31 December 2024
-
0
-
0
1,200
1,200
LAVORWASH (GB) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
259,063
263,687
Other debtors
40,499
41,498
299,562
305,185
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
11,157
4,143
Amounts owed to group undertakings
471,186
369,538
Taxation and social security
2,669
28,463
Other creditors
22,428
19,249
507,440
421,393
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Robert Davies
Statutory Auditor:
Mitchell Charlesworth (Audit) Limited
Date of audit report:
12 February 2026
LAVORWASH (GB) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Parent company

Follow the purchase of the Zenith S. p. A. group by Comet S. p. A. on 3 July 2017 the director considers EMAK S. p. A. a company registered in Italy, to be the ultimate parent undertaking and ultimate controlling party.

The largest group of which Lavorwash (GB) Limited is a member and for which group financial statements are drawn up is that headed EMAK S. p. A. The smallest such group is that headed by Lavorwash S. p. A. a company also registered in Italy. Copies of the financial statements for EMAK S. p. A. may be obtained from Via E. Fermi, 4 - 42011 Bagnolo in Piano (Reggio Emilia), Italy.

2025-12-31 2025-01-01 false false false 12 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity P Bucchi 03721545 2025-01-01 2025-12-31 03721545 2025-12-31 03721545 2024-12-31 03721545 core:LandBuildings 2025-12-31 03721545 core:PlantMachinery 2025-12-31 03721545 core:FurnitureFittings 2025-12-31 03721545 core:LandBuildings 2024-12-31 03721545 core:PlantMachinery 2024-12-31 03721545 core:FurnitureFittings 2024-12-31 03721545 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 03721545 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03721545 core:CurrentFinancialInstruments 2025-12-31 03721545 core:CurrentFinancialInstruments 2024-12-31 03721545 core:ShareCapital 2025-12-31 03721545 core:ShareCapital 2024-12-31 03721545 core:RetainedEarningsAccumulatedLosses 2025-12-31 03721545 core:RetainedEarningsAccumulatedLosses 2024-12-31 03721545 bus:Director1 2025-01-01 2025-12-31 03721545 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 03721545 core:PlantMachinery 2025-01-01 2025-12-31 03721545 core:FurnitureFittings 2025-01-01 2025-12-31 03721545 2024-01-01 2024-12-31 03721545 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 03721545 core:PlantMachinery 2024-12-31 03721545 core:FurnitureFittings 2024-12-31 03721545 2024-12-31 03721545 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-12-31 03721545 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 03721545 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03721545 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03721545 bus:FRS102 2025-01-01 2025-12-31 03721545 bus:Audited 2025-01-01 2025-12-31 03721545 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP