Registration number:
Einhell UK Limited
for the Year Ended 31 December 2025
Einhell UK Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Statement of Income and Retained Earnings |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Einhell UK Limited
Company Information
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Directors |
I T Chambers J R S Clarke |
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Company secretary |
I T Chambers |
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Registered office |
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Auditors |
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Einhell UK Limited
Strategic Report for the Year Ended 31 December 2025
The directors present their strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is wholesale of other machinery and equipment.
Fair review of the business
Einhell UK Ltd is a leading German owned multinational power tool company and imports and sells electrical power tools and gardening equipment. It provides brand quality at affordable prices. It has an innovative product range and is forward looking at technology.
Results of the business
Turnover for the year increased to £35.429m (2024: £30.495m). Direct sales, excluding commission, have increased by £4.896 to £33.974 (2024: £29.078m). FOB commissions increased in FY25 to £1.45m from £1.138m in FY24. Turnover from sales commission is £5.65m (2024: £5.321m).
Key performance indicators
The directors monitor performance via key performance indicators including:
• Daily sales and margin performance compared to budget and previous year;
• Daily monitoring of sales orders;
• Actual sales performance on a monthly basis by customer compared to budget and previous periods;
• Stock rotation on a monthly basis and
• Debtor days on a monthly basis.
• Key cost control measures such as percentage of freight to sales, turnover by number of staff, monthly monitoring against budgets and forecasts are reviewed regularly by the directors.
Principal risks and uncertainties
All the company's goods that are sold in the UK are purchased from Einhell China and are invoiced in CNY. As a result, a falling pound versus CNY exchange can result in higher costs and downward pressure on gross margin. To reduce this risk, currency is hedged through the parent company at the time business is won so that gross margin can be fixed based on exchange rates at the time. As part of a continued strategy to reduce the risk of movement in shipping rates the Einhell Group have entered forward contracts that fix the costs of shipping sea containers from China at least three months in advance. All UK sales are supported by a full credit risk review and a credit insurance policy is in place for all our UK sales over a certain limit.
Approved and authorised by the
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Einhell UK Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
Results and dividends
The profit for the year, after taxation, amounted to £2,152,000 (2024: £2,443,000).
Interim dividend totalling £Nil has been paid during the year (2024: Nil).
Future developments
The further development of the EINHELL brand continues to be our main strategic priority. The highly successful collaboration with the Mercedes-AMG PETRONAS F1 team that was initiated a few years ago is to be further developed in 2026. In addition, we will continue to expand our social media activities over the next few years. In this context, local trade businesses and the Company’s own employees will act as ambassadors for the advertising campaign.
Product policy will remain another key focus of our strategy in 2026. Our Power X-Change platform will remain on the top of our agenda. We intend to expand the revenue share of the Power X-Change platform to more than 70% by financial year 2027. The Power X-Change platform will be expanded further in financial year 2026 and is to include more than 350 products by the end of 2026. For our relatively new “Einhell Professional” product line, we will be identifying which customers and distribution channels are to be prioritised. In addition, a special quality control system will be set up for these products. The Einhell Professional range is set to grow to around 117 products by the end of 2026.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Rödl & Partner Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Approved and authorised by the
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Einhell UK Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are 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 and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. They are 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.
Einhell UK Limited
Independent Auditor's Report to the Members of Einhell UK Limited
Opinion
We have audited the financial statements of Einhell UK Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of Income and Retained Earnings, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of 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 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 directors’ 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 directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Einhell UK Limited
Independent Auditor's Report to the Members of Einhell UK Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where 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 directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor 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:
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Enquiry of management, those charged with governance around actual and potential litigation and claims; |
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Enquiry of entity staff to identify any instances of non-compliance with laws and regulations; |
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; |
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Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. |
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Einhell UK Limited
Independent Auditor's Report to the Members of Einhell UK Limited
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. |
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. |
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Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. |
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. |
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Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion. |
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the company’s members, as a body, 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 members those matters we are required to state to them 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 members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
Birmingham
B3 2HB
Einhell UK Limited
Statement of Income and Retained Earnings for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
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Interest receivable and similar income |
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Interest payable and similar charges |
( |
( |
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Profit before tax |
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Taxation |
( |
( |
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Profit for the financial year |
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Retained earnings brought forward |
3,358 |
915 |
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Retained earnings carried forward |
5,510 |
3,358 |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Einhell UK Limited
(Registration number: 03901625)
Balance Sheet as at 31 December 2025
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Note |
2025 |
(As restated) |
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Non-current assets |
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Intangible assets |
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Tangible assets |
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Deferred tax asset |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Retained earnings |
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Shareholders' funds |
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Approved and authorised by the
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Einhell UK Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
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Called up share capital |
Share premium reserve |
Retained earnings |
Total |
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At 1 January 2025 |
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Profit for the year |
- |
- |
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At 31 December 2025 |
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Called up share capital |
Share premium reserve |
Retained earnings |
Total |
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At 1 January 2024 |
3,330 |
170 |
915 |
4,415 |
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Profit for the year |
- |
- |
2,443 |
2,443 |
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At 31 December 2024 |
3,330 |
170 |
3,358 |
6,858 |
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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.
The presentation currency of these financial statements is Sterling. All amounts have been rounded to the nearest £1,000.
Summary of disclosure exemptions
The company's parent undertaking includes the company in its consolidated financial statements. In these financial statements, the Company is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures:
- Cash flow statement and related notes; and
- Related party disclosures with other members of that group.
Going concern
The financial statements have been prepared on a going concern basis.
Reclassification of comparative amounts
- Deferred tax asset within current assets has decreased from £178,000 to £nil.
- Deferred tax asset within non-current assets has increased from £nil to £178,000.
Judgements
The company has a formal policy for making provisions against assets to ensure they are valued correctly.
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
• The amount of revenue can be reliably measured;
• it is probable that future economic benefits will flow to the entity;
• and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred 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.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements and on unused tax losses or tax credits in the group. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
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 over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
20% reducing balance |
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Fixture and fittings |
20% reducing balance |
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Motor vehicle |
20% reducing balance |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Software |
20% reducing balance |
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade 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.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
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.
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
Derivative financial instruments and hedging
The company enters into a variety of derivative financial instruments to manage its exposure to foreign exchange rate risks. Derivatives are recognised initially at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in profit or loss immediately.A derivative with a positive fair value is recognised as a financial asset whereas a derivative with a negative fair value is recognised as a financial liability. Derivatives are not offset in the financial statements unless the company has both a legally enforceable right and intention to offset. A derivative is presented as a non-current asset or a non-current liability if the remaining maturity of the instrument is more than 12 months and it is not due to be realised or settled within 12 months.
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Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
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2025 |
2024 |
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Sale of goods |
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Commissions on direct imports |
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The analysis of the company's turnover for the year by market is as follows:
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2025 |
2024 |
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United Kingdom |
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Europe |
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- |
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Commissions |
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
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2025 |
2024 |
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Loss on disposal of tangible assets |
( |
- |
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Loss from changes in provisions |
( |
( |
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(193) |
(20) |
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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Amortisation expense |
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Operating lease expense - plant and machinery |
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Interest receivable and similar income |
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2025 |
2024 |
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Net changes in fair value of hedged item in a fair value hedge |
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Interest payable and similar expenses |
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2025 |
2024 |
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Interest expense on other finance liabilities |
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
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Administration and support |
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Distribution |
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Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Directors' remuneration |
The directors' remuneration for the year was as follows:
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2025 |
2024 |
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Remuneration |
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Contributions paid to money purchase schemes |
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818 |
712 |
During the year the number of directors who were receiving retirement benefits was as follows:
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2025 |
2024 |
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Accruing benefits under money purchase pension scheme |
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In respect of the highest paid director:
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2025 |
2024 |
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Remuneration |
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Company contributions to money purchase pension schemes |
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Auditors' remuneration |
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2025 |
2024 |
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Audit of the financial statements |
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Other fees to auditors |
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Taxation compliance services |
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- |
The company has entered into a liability limitation agreement with its auditors which was approved on the 12th December 2025. The principal terms of the agreement are fair and reasonable.
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Taxation |
Tax charged/(credited) in the profit and loss account
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2025 |
2024 |
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Current taxation |
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UK corporation tax |
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UK corporation tax adjustment to prior periods |
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- |
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1,002 |
327 |
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Deferred taxation |
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Arising from origination and reversal of timing differences |
( |
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Tax expense in the income statement |
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The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK(2024 - higher than the standard rate of corporation tax in the UK of
The differences are reconciled below:
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2025 |
2024 |
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Profit before tax |
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Corporation tax at standard rate |
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Increase in UK and foreign current tax from adjustment for prior periods |
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- |
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Tax increase from other short-term timing differences |
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Effect of expense not deductible in determining taxable profit (tax loss) |
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Tax increase from other tax effects |
|
- |
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Total tax charge |
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Deferred tax
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
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Fixed asset timing differences |
- |
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Short term timing differences |
|
- |
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2024 |
Asset |
Liability |
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Fixed asset timing differences |
- |
|
|
Short term timing differences |
|
- |
|
|
|
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Intangible assets |
|
Software |
Total |
|
|
Cost |
||
|
At 1 January 2025 |
|
|
|
At 31 December 2025 |
|
|
|
Amortisation |
||
|
At 1 January 2025 |
|
|
|
Amortisation charge |
|
|
|
At 31 December 2025 |
|
|
|
Carrying amount |
||
|
At 31 December 2025 |
|
|
|
At 31 December 2024 |
|
|
|
Tangible assets |
|
Fixture and fittings |
Office equipment |
Motor vehicles |
Total |
|
|
Cost |
||||
|
At 1 January 2025 |
|
|
- |
|
|
Additions |
|
|
|
|
|
Disposals |
( |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 January 2025 |
|
|
- |
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
( |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 December 2025 |
|
|
|
|
|
At 31 December 2024 |
|
|
- |
|
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Stocks |
|
2025 |
2024 |
|
|
Finished goods |
|
|
Impairment of stocks
The amount of impairment loss included in profit or loss is £77,845 (2024 - £116,625).
|
Debtors |
|
Due within one year |
2025 |
(As restated) |
|
Trade debtors |
|
|
|
Amounts owed by related parties |
|
|
|
Other financial assets |
|
|
|
Prepayments |
|
|
|
|
|
|
Due after one year |
2025 |
(As restated) |
|
Deferred tax asset |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
|
Creditors |
|
Due within one year |
2025 |
2024 |
|
Trade creditors |
|
|
|
Amounts due to related parties |
|
|
|
Social security and other taxes |
|
|
|
Other payables |
|
|
|
Accruals |
|
|
|
Corporation tax liability |
63 |
328 |
|
|
|
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Provisions for liabilities |
|
Warranties |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 December 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. 000 |
£ 000 |
No. 000 |
£ 000 |
|
|
|
|
3,330 |
|
3,330 |
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
(As restated) |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £233,920 (2024 - £158,095).
Einhell UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Financial instruments |
|
The carrying amounts of the financial assets and liabilities include: |
|||
|
2025 |
2024 |
||
|
£ 000 |
£ 000 |
||
|
Assets measured at cost less impairment |
6,153 |
5,420 |
|
|
Liabilities measured at amortised cost |
6,242 |
(10,776) |
|
|
Liability measured at fair value through profit and loss |
(383) |
(419) |
|
Derivatives
Forward contracts
During the year, the company has entered into forward contracts to manage its currency risk. The company was contracted to deliver CNY 206,700,000 at various stages over the next 18 months, in exchange for £22,680,544 (2024: CNY 158,000,000 in exchange for £17,777,408). The company was also contracted to deliver USD $662,256 at various stages over the next 12 months, in exchange for £497,386. These forward contracts are controlled and managed by HAns Einhell AG on behalf of Einhell UK Limited.
At 31 December 2025, the financial liability recognised at fair value in respect of the derivatives was £383,278 (2024: liability of £418,635).
|
Parent and ultimate parent undertaking |
The company's immediate parent is Hans Einhell AG, incorporated in Germany.
The parent of the largest group in which these financial statements are consolidated is
The parent of the smallest group in which these financial statements are consolidated is
The address of Hans Einhell AG is: