Company Registration No. 02534702 (England and Wales)
Parsch UK Ltd
Annual Report and Financial Statements
For the Year Ended
31 December 2025
PAGES FOR FILING WITH REGISTRAR
PARSCH UK LTD
Parsch UK Ltd
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
PARSCH UK LTD
Parsch UK Ltd
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
4
7,560
10,080
Property, plant and equipment
5
79,227
67,672
86,787
77,752
Current assets
Inventories
591,664
456,537
Trade and other receivables
6
292,967
326,186
Cash and cash equivalents
530,317
325,035
1,414,948
1,107,758
Current liabilities
7
(393,164)
(207,314)
Net current assets
1,021,784
900,444
Total assets less current liabilities
1,108,571
978,196
Non-current liabilities
8
-
0
(1,265)
Provisions for liabilities
(11,576)
(11,576)
Net assets
1,096,995
965,355
Equity
Called up share capital
17,000
17,000
Capital redemption reserve
61,767
61,767
Retained earnings
1,018,228
886,588
Total equity
1,096,995
965,355

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The financial statements were approved by the board of directors and authorised for issue on 16 March 2026 and are signed on its behalf by:
Mr J M Hesmondhalgh
Director
Company registration number 02534702 (England and Wales)
PARSCH UK LTD
Parsch UK Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Parsch UK Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office and principal place of business is Restoration House, Drumhead Road, Chorley North Industrial Park, Chorley, PR6 7DE. The company is tax resident in the United Kingdom.

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

1.2
Revenue

The turnover shown in the profit and loss account represents the value of all goods sold during the period, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Website
20% Straight Line
1.4
Property, plant and equipment

Property, plant and equipment 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:

Plant and machinery
- 20% Reducing Balance
Fixtures, fittings & equipment
- 20% Reducing Balance
Computer equipment
- 20% Reducing Balance/25% 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.

PARSCH UK LTD
Parsch UK Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

1.8
Financial instruments

The company only has financial assets (debtors and bank balances) and liabilities (creditors and accruals) of a kind that qualify as basic financial instrument. They are initially recognised at transaction value and subsequently measured at their settlement value.

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 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.

PARSCH UK LTD
Parsch UK Ltd
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.

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 income statement, 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
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 non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. The company's holiday and financial year are coterminous and no holiday entitlement is allowed to be carried forward.

1.12
Retirement benefits

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

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

1.14
Foreign exchange

Transactions denominated in foreign currencies are recorded at the rates of exchange ruling at the dates of the transactions, or at an average rate for the period if the rates do not fluctuate significantly. Monetary assets and liabilities are translated at year end exchange rates. Non-monetary assets and liabilities are translated to sterling at the rate of exchange ruling at the date of the transaction. The resulting exchange rate differences are charged to the profit and loss account.

PARSCH UK LTD
Parsch UK Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
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 judgements or estimates included in the financial statements for the period.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 8 (2024 - 8).

4
Intangible fixed assets
Website
£
Cost
At 1 January 2025 and 31 December 2025
12,600
Amortisation and impairment
At 1 January 2025
2,520
Amortisation charged for the year
2,520
At 31 December 2025
5,040
Carrying amount
At 31 December 2025
7,560
At 31 December 2024
10,080
PARSCH UK LTD
Parsch UK Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Property, plant and equipment
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2025
76,637
58,179
15,107
149,923
Additions
28,096
-
0
-
0
28,096
At 31 December 2025
104,733
58,179
15,107
178,019
Depreciation and impairment
At 1 January 2025
50,168
17,655
14,428
82,251
Depreciation charged in the year
7,940
8,105
496
16,541
At 31 December 2025
58,108
25,760
14,924
98,792
Carrying amount
At 31 December 2025
46,625
32,419
183
79,227
At 31 December 2024
26,469
40,524
679
67,672
6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
271,908
276,918
Other receivables
17,540
46,798
289,448
323,716
2025
2024
Amounts falling due after more than one year:
£
£
Other receivables
3,519
2,470
Total debtors
292,967
326,186
PARSCH UK LTD
Parsch UK Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Current liabilities
2025
2024
£
£
Trade payables
128,644
50,551
Amounts owed to group undertakings
60,790
-
0
Taxation and social security
159,178
114,524
Other payables
44,552
42,239
393,164
207,314

Included within other payables are obligations under finances leases totalling £1,265 (2024: £3,671) which are secured against the asset to which they relate.

8
Non-current liabilities
2025
2024
£
£
Other payables
-
0
1,265

Included within other payables are obligations under finances leases totalling £Nil (2024: £1,265) which are secured against the asset to which they relate.

PARSCH UK LTD
Parsch UK Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
9
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:

The senior statutory auditor was Julie Flintoff BA(Hons) FCA and the auditor was Azets Audit Services.
10
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
£
£
Within one year
16,472
33,562
Between two and five years
10,198
19,334
26,670
52,896
11
Parent company

In the directors' opinion the company's ultimate parent company is Parsch GmbH & Co. KG, a company incorporated in Germany, by virtue of its shareholding. Copies of the accounts for Parsch GmbH & Co. KG can be obtained from its registered office address: Gildestraße 16, 49477 Ibbenbüren, Germany.

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