REGISTERED NUMBER: 02232599 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

VALCO CINCINNATI LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G M Noain

R A Santefort

S Soutar

C Zucchi

SECRETARY:

S Soutar

REGISTERED OFFICE:

23 St Leonards Road

Bexhill-on-Sea

East Sussex

TN40 1HH

REGISTERED NUMBER:

02232599 (England and Wales)

AUDITORS:

Galloways Accounting (Audit) Limited

Statutory Auditors

15 West Street

Brighton

East Sussex

BN1 2RL

SOLICITORS:

Manby & Steward

Blount House Hall Court

Hall Park Way

Telford

Shropshire

TF3 4NQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

155,271

128,357

155,271

128,357

CURRENT ASSETS

Stocks

753,237

645,470

Debtors

6

3,085,142

2,885,802

Cash at bank and in hand

281,981

102,954

4,120,360

3,634,226

CREDITORS

Amounts falling due within one year

7

(896,386

)

(543,795

)

NET CURRENT ASSETS

3,223,974

3,090,431

TOTAL ASSETS LESS CURRENT LIABILITIES

3,379,245

3,218,788

CAPITAL AND RESERVES

Called up share capital

742,548

742,548

Retained earnings

2,636,697

2,476,240

3,379,245

3,218,788

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2026 and were signed on its behalf by:

S Soutar - Director

1.	STATUTORY INFORMATION

Valco Cincinnati Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Over the term of the lease

Plant and machinery

-

Straight line over 100 years

Fixtures and fittings

-

Straight line over 100 years

Motor vehicles

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

162,000

AMORTISATION

At 1 January 2025

and 31 December 2025

162,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

869,772

Additions

94,274

Disposals

(71,669

)

At 31 December 2025

892,377

DEPRECIATION

At 1 January 2025

741,415

Charge for year

50,683

Eliminated on disposal

(54,992

)

At 31 December 2025

737,106

NET BOOK VALUE

At 31 December 2025

155,271

At 31 December 2024

128,357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

855,968

726,131

Amounts owed by group undertakings

2,176,239

2,108,327

Other debtors

52,935

51,344

3,085,142

2,885,802

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

145,470

114,035

Trade creditors

24,551

52,963

Amounts owed to group undertakings

461,493

186,712

Taxation and social security

159,398

92,401

Other creditors

105,474

97,684

896,386

543,795

8.	LEASING AGREEMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, totalling £249,941.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Watters FCA BFP (Senior Statutory Auditor)

for and on behalf of Galloways Accounting (Audit) Limited

10.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

2025

2024

Sales to:

£

£

Valco Cincinnati Inc

40,676

7,397

Valco Cincinnati GMBH

190

7,751

Valco Melton Italy SRL

630

-

Valco Melton SLU

24,501

49,650

Valco Melton France SARL

5,881

6,343

Valco Melton Engineering India PVT Ltd

385

2,085

Valco Melton Mexico S de RL

184

2,558

Purchases from:

Valco Cincinnati Inc

1,370,127

996,208

Valco Cincinnati GMBH

88,924

2,260

Valco Melton SLU

1,231,539

1,135,221

Valco Melton France SARL

-

18,807

Valco Melton Poland

2,824

262

Valco Melton Belgium

-

22,722

ERO SRL

92,089

59,744

Valco Brasil

5,681

9,634

FZE

-

9,530

Valco Melton Italy SRL

-

6,283

Management charges paid to:

Valco Melton SLU

100,865

103,683

Valco Cincinnati GMBH

102,332

108,649

At the balance sheet date the following balances were outstanding with connected companies:

Debtors:

Valco Cincinnati Inc

26

662

Valco Cincinnati GMBH

-

6,877

Valco Melton SLU

2,176,213

2,101,044

Valco Melton Mexico S de RL

-

-255

Creditors:

Valco Cincinnati Inc

438,414

172,386

Valco Cincinnati GMBH

-

2,260

Valco Cincinnati SRL

5,004

-

Valco Melton SLU

(7,045

)

(904

)

Valco Melton Poland

2,824

-

ERO SLR

16,638

862

FZE

-

7,756

Valco Melton Brasil

5,658

4,351

11.	PARENT COMPANY

The parent company of the smallest group within which the company belongs and for which group financial statements are prepared is Valco Melton SLU whose registered office is Polígono Industrial Comarca I, Calle G Nave D34, 31160 Orkoien (Navarra), Spain.