Company Registration No. 05204926 (England and Wales)
Ledlenser UK Limited
Financial statements
for the year ended 31 December 2025
Pages for filing with the registrar
Ledlenser UK Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
Ledlenser UK Limited
Statement of financial position
As at 31 December 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
59,319
78,418
Current assets
Stocks
2,680,850
3,187,714
Debtors
5
2,423,874
1,961,938
Cash at bank and in hand
595,006
214,219
5,699,730
5,363,871
Creditors: amounts falling due within one year
6
(1,220,583)
(1,300,335)
Net current assets
4,479,147
4,063,536
Total assets less current liabilities
4,538,466
4,141,954
Provisions for liabilities
7
(10,909)
(17,590)
Net assets
4,527,557
4,124,364
Capital and reserves
Called up share capital
63
63
Capital redemption reserve
37
37
Profit and loss reserves
4,527,457
4,124,264
Total equity
4,527,557
4,124,364

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 13 February 2026 and are signed on its behalf by:
Thomas Martin
Director
Company Registration No. 05204926
Ledlenser UK Limited
Notes to the financial statements
For the year ended 31 December 2025
2
1
Accounting policies
Company information

Ledlenser UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingswick House, Kingswick Drive, Sunninghill, Berkshire, SL5 7BH.

1.1
Accounting convention

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, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods 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 estimated customer return, rebates and other similar allowances.

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.

1.3
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.

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:

Fixtures and fittings
20%-33% on cost
Computer equipment
33% on cost
Display or shelving units specific to client contracts
Over the contract term (with short-term contracts depreciated fully in year)

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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value. Costs include those ancillary costs incurred to bring stock to its present location.

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.

Ledlenser UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
3
1.5
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 statement of financial position 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, 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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Ledlenser UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
4
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
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.

1.8
Retirement benefits

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

1.9
Leases

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.

1.10
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.

Ledlenser UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
5
2
Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Provision for obsolete stock

Provision is made for obsolete and slow moving stock based on detailed records of stock movements in

the year and provision is made for items where there have been no sales or few sales over a suitable period. Stock is provided for based on the expectation of time it is expected to take to sell the remaining units held at year end.

3
Employees

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

2025
2024
Number
Number
Total
15
15
Ledlenser UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
6
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 January 2025
71,080
124,628
195,708
Additions
99,618
21,433
121,051
At 31 December 2025
170,698
146,061
316,759
Depreciation and impairment
At 1 January 2025
33,714
83,576
117,290
Depreciation charged in the year
111,785
28,365
140,150
At 31 December 2025
145,499
111,941
257,440
Carrying amount
At 31 December 2025
25,199
34,120
59,319
At 31 December 2024
37,366
41,052
78,418
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,008,709
1,666,352
Other debtors
415,165
295,586
2,423,874
1,961,938
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
34,570
22,000
Amounts owed to group undertakings
426,556
681,563
Corporation tax
38,152
19,651
Other taxation and social security
345,273
198,426
Other creditors
376,032
378,695
1,220,583
1,300,335

Ledlenser UK Limited granted a guarantee to secure the liabilities out of and in connection with the facilities agreement entered into by AF LED GmbH, the ultimate parent company. In this context, Ledlenser UK Limited has charged in particular, but without limitation, its intellectual property.

Ledlenser UK Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
7
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
10,909
17,590
8
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 was unqualified.

Senior Statutory Auditor:
Sheryl Davis
Statutory Auditors:
Saffery LLP
Date of audit report:
13 February 2026
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
139,440
70,072
10
Parent company

The immediate parent undertaking is Ledlenser GmbH & Co. KG, a company incorporated in Germany.

The ultimate parent undertaking is AF LED GmbH, a company registered in Germany, by virtue of control of Ledlenser GmbH & Co. KG.

The consolidated accounts of AF LED GmbH, in which this company is included, are available to the public and can be obtained from Kronenstr. 5-7, 42699 Solingen, Germany. This is the largest group of undertakings for which group financial statements, including the results of the company, are produced, whereas the smallest group is Ledlenser GmbH & Co. KG.

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