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Registration number: 13637026

Kempower Charging Limited
Filleted Financial Statements
for the Year Ended 31 December 2025

Kempower Charging Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

Kempower Charging Limited

Company Information

Director | J Kainulainen

Registered office | Martti Kemppi Building, Fraser Road, Priory Business Park Bedford MK44 3WH

Auditors | Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

Kempower Charging Limited

(Registration number: 13637026)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | 30,908 | 2,903
Current assets |  |  |
Debtors | 7 | 3,145,578 | 2,716,958
Cash at bank and in hand |  | 140,225 | 376,847
|  | 3,285,803 | 3,093,805
Creditors: Amounts falling due within one year | 8 | (1,336,684) | (1,512,692)
Net current assets |  | 1,949,119 | 1,581,113
Net assets |  | 1,980,027 | 1,584,016
Capital and reserves |  |  |
Called up share capital | 9 | 50,000 | 50,000
Retained earnings |  | 1,930,027 | 1,534,016
Shareholders' funds |  | 1,980,027 | 1,584,016

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 February 2026

......................................... J Kainulainen Director

Kempower Charging Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Martti Kemppi Building,
Fraser Road,
Priory Business Park
Bedford
MK44 3WH

Principal activity

The principal activity of the Company is wholesale of other machinery and equipment.

These financial statements were authorised for issue by the director on 19 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements have been prepared on the going concern basis, which assumes that the company will be able to meet its financial obligations as they fall due for payment for the foreseeable future. The company is reliant upon the continued support of its parent undertaking, Kempower Oyj to be able to do this. Kempower Oyj has indicated to the directors, that support will be provided as it is required.

Revenue recognition

Revenue is the sale of charging equipment and as a service Kempower UK provides spare parts and extended warranties. Revenue is recognised under a transfer pricing agreement with the parent company and recognised in the period in which the expenses is incurred.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Kempower Charging Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer Equipment | 3 years straight line
Furniture & Fittings | 4 years straight line

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors

Basic financial assets, including trade and other debtors, are intially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Kempower Charging Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Kempower Charging Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

3 | Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
Fixed Assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the useful economic lives and residual values of the assets. The useful lives and residual values are re-assessed annually. The carrying amount at the end of the reporting period was £30,908 (2024: £2,903). The depreciation charge for the reporting period was £2,688 (2024: £3,095).

4 | Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 19 February 2026 was David Wheeler, who signed for and on behalf of Bourner Bullock.

5 | Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 13 (2024 - 13).

6 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 9,285 | 9,285
Additions | 30,693 | 30,693
At 31 December 2025 | 39,978 | 39,978
Depreciation
At 1 January 2025 | 6,382 | 6,382
Charge for the year | 2,688 | 2,688
At 31 December 2025 | 9,070 | 9,070
Carrying amount
At 31 December 2025 | 30,908 | 30,908
At 31 December 2024 | 2,903 | 2,903

Kempower Charging Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 849,752 | 873,436
Amounts owed by related parties |  | 2,266,467 | 1,673,950
Prepayments |  | 19,732 | 14,692
Other debtors |  | 9,627 | 154,880
|  | 3,145,578 | 2,716,958

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 66,225 | 9,443
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest |  | 363,219 | 957,557
Taxation and social security |  | 262,218 | 42,346
Accruals and deferred income |  | 645,021 | 503,346
Other creditors |  | 1 | -
|  | 1,336,684 | 1,512,692

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 50,000 | 50,000 | 50,000 | 50,000

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Final dividend of £Nil (2024 - £Nil) per ordinary share |  | - |  | -

Kempower Charging Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

11 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 11,145 | 48,804

12 | Parent and ultimate parent undertaking

The Company's immediate parent is Kempower Oyj, incorporated in Finland.
The ultimate parent is Kempower Oyj, incorporated in Finland.
These financial statements are available upon request from 29 Ala-okeroistentie, Lahti, Paijanne Tavastia, 15700