Company Registration No. 01299095 (England and Wales)
LESJOFORS HEAVY SPRINGS UK LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
31 December 2025
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
LESJOFORS HEAVY SPRINGS UK LIMITED
COMPANY INFORMATION
Director
L Smith
Secretary
L Smith
Company number
01299095
Registered office
Unit 3 Parkengue
Kernick Industrial Estate
Penryn
Cornwall
TR10 9EP
Auditor
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
LESJOFORS HEAVY SPRINGS UK LIMITED
CONTENTS
Page
Strategic report
1
Director's report
2 - 3
Independent auditor's report
4 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 21
LESJOFORS HEAVY SPRINGS UK LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The director presents the strategic report for the year ended 31 December 2025.

Review of the business

The company provides bespoke spring design and manufacturing services to a wide range of customers.

The company reports a turnover for the year ended 31 Dec ember 2025 of £19,964,118 and net assets of £10,229,954.

We have continued to attract a st e ady influx of customer orders during the reporting period.

Principal risks and uncertainties

The company's main risks relate to the current turbulent worldwide economy and operating in competitive markets. The company migrates these risks as part of a larger specialised group and the quality of the company’s expertise within the team.

The company is exposed to many financial risks including the effect of exchange rate movements and credit risks associated with selling goods on credit. The company mitigates these risks by utilising group currency trading and rigorous credit control procedures.

Development and performance

We have seen a continued increase in orders and invoicing in the opening months of 2026 and expect to finish the year with a turnover of £20.9 million.

The group remains in a very strong position and continues to invest in machinery, technology and our team.

Key performance indicators

The company continually tracks the actual financial performance against budget.

In 2025, the company achieved sales of £19.9 million (compared to £17.3 million in 2024) and a gross profit of £9.5 million, representing 47.8% (up from £7.9 million and 46% in 2024), all within the budgeted parameters for 202 5.

On behalf of the board

L Smith
Director
12 March 2026
LESJOFORS HEAVY SPRINGS UK LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -

The director presents his annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be that of manufacturing springs.

Results and dividends

The results for the year are set out on page 8.

No ordinary dividends were paid. The director does not recommend payment of a final dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

O Tengroth
(Resigned 27 June 2025)
L Smith
Auditor

The auditor, PM+M Solutions for Business LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of director's responsibilities

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.
LESJOFORS HEAVY SPRINGS UK LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
On behalf of the board
L Smith
Director
12 March 2026
LESJOFORS HEAVY SPRINGS UK LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF LESJOFORS HEAVY SPRINGS UK LIMITED
- 4 -
Opinion

We have audited the financial statements of Lesjofors Heavy Springs UK Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

LESJOFORS HEAVY SPRINGS UK LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF LESJOFORS HEAVY SPRINGS UK LIMITED (CONTINUED)
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

LESJOFORS HEAVY SPRINGS UK LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF LESJOFORS HEAVY SPRINGS UK LIMITED (CONTINUED)
- 6 -

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the Company's remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;

- results of our enquiries of management about their own identification and assessment of the risks of irregularities;

- the matters discussed among the audit engagement team and relevant specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud;

- a ny matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:

  - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

  - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

  - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: timing of recognition of commercial income, posting of unusual journals and complex transactions; and manipulating the Company's performance profit measures and other key performance indicators to meet remuneration targets and externally communicated targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety regulations, pensions legislation and tax legislation.

Audit response to risks identified

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; and

- in addressing the identified risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

LESJOFORS HEAVY SPRINGS UK LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF LESJOFORS HEAVY SPRINGS UK LIMITED (CONTINUED)
- 7 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member, for our audit work, for this report, or for the opinions we have formed.

Chris Read FCCA (Senior Statutory Auditor)
For and on behalf of PM+M Solutions for Business LLP, Statutory Auditor
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
12 March 2026
LESJOFORS HEAVY SPRINGS UK LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
19,964,118
17,303,297
Cost of sales
(10,425,648)
(9,354,335)
Gross profit
9,538,470
7,948,962
Distribution costs
(1,037,493)
(791,882)
Administrative expenses
(4,304,630)
(3,641,419)
Operating profit
4
4,196,347
3,515,661
Interest receivable and similar income
8
4,437
6,092
Interest payable and similar expenses
9
(78,958)
(192,924)
Profit before taxation
4,121,826
3,328,829
Tax on profit
10
(1,049,135)
(845,675)
Profit for the financial year
3,072,691
2,483,154
LESJOFORS HEAVY SPRINGS UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
7,178,692
6,554,225
Current assets
Stocks
12
6,704,166
3,516,387
Debtors
13
3,361,687
2,553,473
Cash at bank and in hand
3,102
6,362
10,068,955
6,076,222
Creditors: amounts falling due within one year
14
(6,229,752)
(4,785,830)
Net current assets
3,839,203
1,290,392
Total assets less current liabilities
11,017,895
7,844,617
Provisions for liabilities
Deferred tax liability
17
787,941
687,354
(787,941)
(687,354)
Net assets
10,229,954
7,157,263
Capital and reserves
Called up share capital
16
30,000
30,000
Profit and loss reserves
10,199,954
7,127,263
Total equity
10,229,954
7,157,263

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
L Smith
Director
Company registration number 01299095 (England and Wales)
LESJOFORS HEAVY SPRINGS UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 10 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
30,000
4,644,109
4,674,109
Year ended 31 December 2024:
Profit and total comprehensive income
-
2,483,154
2,483,154
Balance at 31 December 2024
30,000
7,127,263
7,157,263
Year ended 31 December 2025:
Profit and total comprehensive income
-
3,072,691
3,072,691
Balance at 31 December 2025
30,000
10,199,954
10,229,954
LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 11 -
1
Accounting policies
Company information

Lesjofors Heavy Springs UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3 Parkengue, Kernick Industrial Estate, Penryn, Cornwall, TR10 9EP.

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.

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Beijer Alma AB (publ). These consolidated financial statements are available from the registered office of Beijer Alma AB at Dragarbrunnsgatan 45, Uppsala, Sweden.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

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.

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.

LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 12 -

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:

Freehold land and buildings
2% Straight line
Plant and equipment
10% Straight line
Fixtures and fittings
25% Reducing balance
Motor vehicles
25% Reducing balance

Freehold land is not depreciated.

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.

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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -
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.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 14 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, 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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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
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 profit and loss account 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.

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Retirement benefits

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

LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 15 -
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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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.

There are no material judgments or key sources of estimation uncertainty.

3
Turnover and other revenue

The companies turnover derived solely from its principal activites. An analysis of the company's geographical turnover is as follows:

2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
3,073,266
2,676,309
Europe
16,488,268
14,443,201
Rest of World
402,584
183,787
19,964,118
17,303,297
2025
2024
£
£
Other revenue
Interest income
4,437
6,092
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses/(gains)
51,441
(8,021)
Depreciation of tangible fixed assets
622,630
616,873
Loss on disposal of tangible fixed assets
3,510
10,044
Operating lease charges
68,882
56,603
LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
33,500
31,500
6
Employees

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

2025
2024
Number
Number
Production
43
42
Office and management
15
16
Directors
2
2
Total
60
60

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,525,464
2,187,501
Social security costs
314,570
223,906
Pension costs
83,529
74,666
2,923,563
2,486,073
7
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
98,397
143,987
Company pension contributions to defined contribution schemes
3,936
5,181
102,333
149,168

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2024 - 1).

8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest receivable from group companies
4,437
6,092
LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 17 -
9
Interest payable and similar expenses
2025
2024
£
£
Interest payable to group undertakings
78,958
170,921
Other interest
-
0
22,003
78,958
192,924
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
948,548
832,931
Deferred tax
Origination and reversal of timing differences
100,587
12,744
Total tax charge
1,049,135
845,675

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
4,121,826
3,328,829
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
1,030,457
832,207
Tax effect of expenses that are not deductible in determining taxable profit
2,936
6,171
Fixed asset differences
15,742
7,297
Taxation charge for the year
1,049,135
845,675
LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 18 -
11
Tangible fixed assets
Freehold land and buildings
Assets under construction
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
4,076,555
357,851
5,386,851
44,124
38,914
9,904,295
Additions
196,374
600,135
98,165
-
0
22,513
917,187
Disposals
(18,870)
-
0
(357,965)
(670)
(14,995)
(392,500)
Transfers
92,974
(552,470)
459,496
-
0
-
0
-
0
Group transfers
-
0
-
0
356,758
-
0
-
0
356,758
At 31 December 2025
4,347,033
405,516
5,943,305
43,454
46,432
10,785,740
Depreciation and impairment
At 1 January 2025
591,113
-
0
2,703,437
29,410
26,110
3,350,070
Depreciation charged in the year
77,803
-
0
537,350
3,548
3,929
622,630
Eliminated in respect of disposals
(18,870)
-
0
(336,144)
(670)
(9,968)
(365,652)
At 31 December 2025
650,046
-
0
2,904,643
32,288
20,071
3,607,048
Carrying amount
At 31 December 2025
3,696,987
405,516
3,038,662
11,166
26,361
7,178,692
At 31 December 2024
3,485,442
357,851
2,683,414
14,714
12,804
6,554,225

Land held by the company with a cost value of £768,500 is not depreciated.

12
Stocks
2025
2024
£
£
Raw materials and consumables
5,129,237
2,158,161
Work in progress
405,152
265,552
Finished goods and goods for resale
1,169,777
1,092,674
6,704,166
3,516,387
LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 19 -
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
741,031
450,488
Corporation tax recoverable
298,749
170,661
Amounts owed by group undertakings
2,252,913
1,840,743
Other debtors
1,379
4,549
Prepayments and accrued income
67,615
87,032
3,361,687
2,553,473

Included within a mounts owed by group undertakings is an element of the group banking facility totalling £91,674 (2024: £43,383), on which interest is received. The remainder of the group balances are unsecured, interest free and repayable on demand.

14
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,172,214
556,880
Amounts owed to group undertakings
3,536,480
3,501,999
Taxation and social security
208,516
189,703
Accruals and deferred income
312,542
537,248
6,229,752
4,785,830

Included within a mounts owed to group undertakings is an element of the group banking facility totalling £1,834,218 (2024: £2,569,333), on which interest is charged on the overdraft facility. The remainder of the group balances are unsecured, interest free and repayable on demand.

15
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
83,529
74,666

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The amount due to the scheme at the year end totalled £1 7,550 (2024: £18,834).

16
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
30,000
30,000
30,000
30,000

LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
17
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
789,574
687,354
Short term timing difference
(1,633)
-
787,941
687,354
2025
Movements in the year:
£
Liability at 1 January 2025
687,354
Charge to profit or loss
100,587
Liability at 31 December 2025
787,941
18
Operating lease commitments
As lessee

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

2025
2024
£
£
Within 1 year
49,147
47,337
Years 2-5
51,377
77,284
After 5 years
-
0
6,949
100,524
131,570
19
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
-
453,500
LESJOFORS HEAVY SPRINGS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
20
Ultimate controlling party

The company's ultimate holding company is Beijer Alma AB which is registered in Sweden (no 5562297480), for which group accounts are prepared.

Copies of the group accounts can be obtained from the Registered Office of Beijer Alma AB at Dragarbrunnsgatan 45, Uppsala, Sweden.

2025-12-31 2025-01-01 false false false CCH Software CCH Accounts Production 2025.300 O Tengroth L Smith L Smith 01299095 2025-01-01 2025-12-31 01299095 2025-12-31 01299095 bus:CompanySecretaryDirector1 2025-01-01 2025-12-31 01299095 bus:CompanySecretary1 2025-01-01 2025-12-31 01299095 bus:Director1 2025-01-01 2025-12-31 01299095 bus:Director2 2025-01-01 2025-12-31 01299095 bus:RegisteredOffice 2025-01-01 2025-12-31 01299095 2024-01-01 2024-12-31 01299095 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01299095 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01299095 2024-12-31 01299095 core:LandBuildings core:OwnedOrFreeholdAssets 2025-12-31 01299095 core:ConstructionInProgressAssetsUnderConstruction 2025-12-31 01299095 core:PlantMachinery 2025-12-31 01299095 core:FurnitureFittings 2025-12-31 01299095 core:MotorVehicles 2025-12-31 01299095 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 01299095 core:ConstructionInProgressAssetsUnderConstruction 2024-12-31 01299095 core:PlantMachinery 2024-12-31 01299095 core:FurnitureFittings 2024-12-31 01299095 core:MotorVehicles 2024-12-31 01299095 core:CurrentFinancialInstruments 2025-12-31 01299095 core:CurrentFinancialInstruments 2024-12-31 01299095 core:ShareCapital 2025-12-31 01299095 core:ShareCapital 2024-12-31 01299095 core:RetainedEarningsAccumulatedLosses 2025-12-31 01299095 core:RetainedEarningsAccumulatedLosses 2024-12-31 01299095 core:ShareCapital 2023-12-31 01299095 core:RetainedEarningsAccumulatedLosses 2023-12-31 01299095 core:ShareCapitalOrdinaryShareClass1 2025-12-31 01299095 core:ShareCapitalOrdinaryShareClass1 2024-12-31 01299095 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01299095 core:PlantMachinery 2025-01-01 2025-12-31 01299095 core:FurnitureFittings 2025-01-01 2025-12-31 01299095 core:MotorVehicles 2025-01-01 2025-12-31 01299095 1 2025-01-01 2025-12-31 01299095 1 2024-01-01 2024-12-31 01299095 core:UKTax 2025-01-01 2025-12-31 01299095 core:UKTax 2024-01-01 2024-12-31 01299095 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 01299095 core:ConstructionInProgressAssetsUnderConstruction 2024-12-31 01299095 core:PlantMachinery 2024-12-31 01299095 core:FurnitureFittings 2024-12-31 01299095 core:MotorVehicles 2024-12-31 01299095 2024-12-31 01299095 core:ConstructionInProgressAssetsUnderConstruction 2025-01-01 2025-12-31 01299095 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 01299095 bus:OrdinaryShareClass1 2025-12-31 01299095 bus:OrdinaryShareClass1 2024-12-31 01299095 core:WithinOneYear 2025-12-31 01299095 core:WithinOneYear 2024-12-31 01299095 core:BetweenTwoFiveYears 2025-12-31 01299095 core:BetweenTwoFiveYears 2024-12-31 01299095 core:MoreThanFiveYears 2025-12-31 01299095 core:MoreThanFiveYears 2024-12-31 01299095 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01299095 bus:FRS102 2025-01-01 2025-12-31 01299095 bus:Audited 2025-01-01 2025-12-31 01299095 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP