Company registration number 01206240 (England and Wales)
SAMSON MATERIALS HANDLING LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
SAMSON MATERIALS HANDLING LIMITED
COMPANY INFORMATION
Directors
P De Michieli
M L Jones
Company number
01206240
Registered office
Gemini House
1 Bartholemews Walk
Cambridgeshire Business Park
Ely
Cambridgeshire
CB7 4EA
Auditor
Moore
Rutland House
Minerva Business Park
Lynch Wood
Peterborough
PE2 6PZ
SAMSON MATERIALS HANDLING LIMITED
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 5
Statement of income and retained earnings
6
Balance sheet
7
Statement of cash flows
8
Notes to the financial statements
9 - 21
SAMSON MATERIALS HANDLING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

The principal activity of the company continued to be sale of bulk materials handling equipment together with the sale of associated spare parts and equipment servicing and refurbishment.

Directors

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

P De Michieli
M L Jones
D Ulrich
(Resigned 24 February 2025)
Future developments

The directors will continue to focus on delivering the Company's strategy for sales growth at higher and more consistent gross margins. This strategy will be supported by a continued focus on quality throughout the business and further development and improvement of existing and new products.

Statement of directors' responsibilities

The directors are responsible 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:

- 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 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. 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.

SAMSON MATERIALS HANDLING LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
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.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
M L Jones
Director
26 March 2026
SAMSON MATERIALS HANDLING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF SAMSON MATERIALS HANDLING LIMITED
- 3 -
Opinion

We have audited the financial statements of Samson Materials Handling Limited (the 'company') for the year ended 31 December 2025 which comprise the statement of income and retained earnings, the balance sheet, the statement of cash flows 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 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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are 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 directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the directors' report has been prepared in accordance with applicable legal requirements.

SAMSON MATERIALS HANDLING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF SAMSON MATERIALS HANDLING LIMITED (CONTINUED)
- 4 -
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 directors' 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 directors' remuneration specified by law are not made; or

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

- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, 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'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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council, and UK taxation legislation

We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

SAMSON MATERIALS HANDLING LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF SAMSON MATERIALS HANDLING LIMITED (CONTINUED)
- 5 -

We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

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.

Mohamedraza Mavani (Senior Statutory Auditor)
For and on behalf of Moore
Chartered Accountants
Statutory Auditor
Rutland House
Minerva Business Park
Lynch Wood
Peterborough
PE2 6PZ
27 March 2026
SAMSON MATERIALS HANDLING LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2025
2024
Notes
£
£
Turnover
3
10,316,211
6,650,927
Cost of sales
(8,128,106)
(5,516,646)
Gross profit
2,188,105
1,134,281
Administrative expenses
(3,075,554)
(3,025,149)
Other operating income
3
839,931
1,597,861
Operating loss
4
(47,518)
(293,007)
Interest receivable and similar income
7
63,342
115,764
Interest payable and similar expenses
8
(47)
(142)
Profit/(loss) before taxation
15,777
(177,385)
Tax on profit/(loss)
9
(967)
(7,224)
Profit/(loss) for the financial year
14,810
(184,609)
Retained earnings brought forward
(2,059,580)
(1,874,971)
Retained earnings carried forward
(2,044,770)
(2,059,580)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

SAMSON MATERIALS HANDLING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 7 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
10
1,649
2,903
Tangible assets
11
35,816
22,820
37,465
25,723
Current assets
Stocks
12
1,915,824
647,611
Debtors
13
6,353,163
3,944,042
Cash at bank and in hand
128,340
952,694
8,397,327
5,544,347
Creditors: amounts falling due within one year
14
(6,021,433)
(3,149,843)
Net current assets
2,375,894
2,394,504
Total assets less current liabilities
2,413,359
2,420,227
Provisions for liabilities
Provisions
15
71,828
93,506
(71,828)
(93,506)
Net assets
2,341,531
2,326,721
Capital and reserves
Called up share capital
17
5,000
5,000
Other reserves
18
4,381,301
4,381,301
Profit and loss reserves
18
(2,044,770)
(2,059,580)
Total equity
2,341,531
2,326,721

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

The financial statements were approved by the board of directors and authorised for issue on 26 March 2026 and are signed on its behalf by:
M L Jones
Director
Company registration number 01206240 (England and Wales)
SAMSON MATERIALS HANDLING LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
23
(876,606)
(3,066,724)
Interest paid
(47)
(142)
Income taxes refunded/(paid)
16,584
(7,225)
Net cash outflow from operating activities
(860,069)
(3,074,091)
Investing activities
Purchase of intangible assets
(524)
(2,209)
Purchase of tangible fixed assets
(27,103)
(16,967)
Interest received
63,342
115,764
Net cash generated from investing activities
35,715
96,588
Net decrease in cash and cash equivalents
(824,354)
(2,977,503)
Cash and cash equivalents at beginning of year
952,694
3,930,197
Cash and cash equivalents at end of year
128,340
952,694
SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
1
Accounting policies
Company information

Samson Materials Handling Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gemini House, 1 Bartholemews Walk, Cambridgeshire Business Park, Ely, Cambridgeshire, CB7 4EA.

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.

1.2
Going concern

The company is considered a going concern on the basis it retains support from its parent company, Aumund Holding B.V. These financial statements are therefore prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future on the assumption of continued support from the parent company. The parent company has indicated this support will continue for at least 12 months hence the entity is considered a going concern.true

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Sale of capital equipment

- Sale of spare parts

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 10 -
Sale of capital equipment

Revenue relating to sales of capital equipment is recognised as follows:

- Where the customer contract is for equipment supply only then revenue is recognised on delivery to the customer or, if the customer is responsible for delivery, when the customer is notified that the equipment is complete and available for collection.

- Where the customer contract also includes on-site assembly, installation and commissioning transactions, then revenue is recognised on delivery of the equipment to the customer, with an accrual being made for the estimated cost of completing the on-site works.

- Where the substance of the customer contract is that the equipment supply and on-site works cost of the on-site work is a larger proportion of the total contract value, then an appropriate portion of revenue is recognised separately on equipment delivery and completion of the on-site works.

Sale of spare parts

Revenue relating to sales of spare parts is recognised when the goods are dispatched to the customer and for servicing and refurbishment when the work has been completed.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
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:

Software
3 years straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over term of lease
Plant and equipment
3 years straight line
Fixtures and fittings
4 years straight line
Computers
3 years 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.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 11 -
1.7
Impairment of fixed 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.

1.8
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.

1.9
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.

1.10
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.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 12 -
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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
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.

1.12
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

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.

1.13
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.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 13 -
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.

1.14
Provisions

Provisions are recognised when the company has a legal or constructive present obligation 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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
Retirement benefits

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

1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 14 -
2
Judgements and key sources of estimation uncertainty

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

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

Warranty provision

Judgement is applied when calculating the expected future cost of repairs under warranty. The company provides warranty against parts purchased using a combination of risk factors including 1% of sales value per 12 months of warranty. This provision is released over the warranty period.

Contract revenue recognition and accruals

Where a customer contract includes obligations to supply capital equipment and complete on-site assembly, installation and commissioning works, then judgement is applied to assess whether the substance of the contract required that the revenue from each part of the contract is recognised separately when each is completed or as one transaction. Judgement is applied that the transaction is substantially completed when delivered in compliance with the contract terms.

Where it is assessed that the equipment supply and on-site works should be treated as one transaction then further judgement is applied to estimate the expected cost to complete the on-site works.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by geographical market
UK
1,309,104
1,825,175
Europe
3,752,420
1,755,365
Rest of the world
5,254,687
3,070,387
10,316,211
6,650,927
2025
2024
£
£
Other revenue
Interest income
63,342
115,764
Royalty income
1,861
42,403
Intercompany recharges
826,905
1,500,316
Other
6,078
55,142
SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 15 -
4
Operating loss
2025
2024
Operating loss for the year is stated after charging:
£
£
Exchange losses
27,449
29,686
Research and development costs
-
2,379
Fees payable to the company's auditor for the audit of the company's financial statements
25,500
24,000
Depreciation of owned tangible fixed assets
14,107
11,147
Amortisation of intangible assets
1,778
3,275
5
Employees

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

2025
2024
Number
Number
Management
2
4
Sales and adminstration
18
17
Engineering and delivery
10
12
Total
30
33

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,510,964
1,620,341
Social security costs
212,999
190,369
Pension costs
75,201
82,655
1,799,164
1,893,365
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
159,713
136,281
Company pension contributions to defined contribution schemes
10,000
19,501
169,713
155,782

Included in remuneration for qualifying services is £61,984 (2024: £50,504) which relates to amounts recharged to a fellow group company for services provided for the year ended 31 December 2025. Included in pension is £4,000 (2024: £4,000) which also relates to amounts recharged.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 16 -
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
19,533
78,755
Interest receivable from group companies
43,809
37,009
Total income
63,342
115,764
8
Interest payable and similar expenses
2025
2024
£
£
Other finance costs:
Other interest
47
142
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
967
7,224

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

2025
2024
£
£
Profit/(loss) before taxation
15,777
(177,385)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
3,944
(44,346)
Tax effect of expenses that are not deductible in determining taxable profit
(16,488)
20,499
Permanent capital allowances in excess of depreciation
(3,280)
(1,609)
Research and development tax credit
1,272
7,224
Unrelieved tax losses on rental income
(305)
(395)
Deferred tax asset on tax losses not recognised
15,824
25,851
Taxation charge for the year
967
7,224

There are unrecognised, utilisable tax losses of £2.316m (2024: £2.253m) relating to trading losses carried forward to offset against future taxable trading profits.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 17 -
10
Intangible fixed assets
Software
£
Cost
At 1 January 2025
21,785
Additions
524
At 31 December 2025
22,309
Amortisation and impairment
At 1 January 2025
18,882
Amortisation charged for the year
1,778
At 31 December 2025
20,660
Carrying amount
At 31 December 2025
1,649
At 31 December 2024
2,903
11
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 January 2025
22,562
17,781
84,667
174,524
299,534
Additions
-
0
-
0
-
0
27,103
27,103
Disposals
-
0
-
0
-
0
(20,373)
(20,373)
At 31 December 2025
22,562
17,781
84,667
181,254
306,264
Depreciation and impairment
At 1 January 2025
20,169
17,537
73,008
166,000
276,714
Depreciation charged in the year
1,511
244
3,664
8,688
14,107
Eliminated in respect of disposals
-
0
-
0
-
0
(20,373)
(20,373)
At 31 December 2025
21,680
17,781
76,672
154,315
270,448
Carrying amount
At 31 December 2025
882
-
0
7,995
26,939
35,816
At 31 December 2024
2,393
244
11,659
8,524
22,820
SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 18 -
12
Stocks
2025
2024
£
£
Raw materials and consumables
315,082
223,428
Work in progress
739,651
369,165
Finished goods and goods for resale
861,091
55,018
1,915,824
647,611
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,262,676
458,771
Corporation tax recoverable
4,121
21,672
Amounts owed by group undertakings
1,263,556
2,629,701
Other debtors
1,227,723
321,675
Prepayments and accrued income
595,087
512,223
6,353,163
3,944,042
14
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
204,154
279,082
Amounts owed to group undertakings
1,061,905
694,319
Taxation and social security
57,671
49,896
Other creditors
2,500,992
1,283,830
Accruals and deferred income
2,196,711
842,716
6,021,433
3,149,843
15
Provisions for liabilities
2025
2024
£
£
Warranty provision
71,828
93,506

Provision is made for the expected future cost of repairs under warranty for each contract within the warranty period.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
15
Provisions for liabilities
(Continued)
- 19 -
Movements on provisions:
Warranty provision
£
At 1 January 2025
93,506
Additional provisions in the year
58,563
Provision released
(82,517)
Other movements
2,276
At 31 December 2025
71,828
16
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
75,201
82,655

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.

17
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
5,000
5,000
5,000
5,000

Share capital represents the nominal value of shares that have been issued.

There is a single class of ordinary shares. There are no restrictions on dividends and the repayment of capital.

18
Reserves

Other reserves relate to an accumulation of capital contributions from the parent company.

19
Financial commitments, guarantees and contingent liabilities

As at 31 December 2025 there was a bank guarantee for advance payments totalling £2,686,464 (2024: £371,182).

There were no performance and warranty guarantees at year end.

SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 20 -
20
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 one year
51,683
144,237
Within two and five years
23,244
48,837
74,927
193,074
21
Related party transactions

The company has taken advantage of Section 33 of FRS 102, not to disclose transactions with related parties within a wholly owned group.

Other information

The Company leases office space owned by Aumund Foundation, with rent incurred in the year amounting to £89,684 (2024: £89,684). There was no outstanding balance on this rent as at the year end (2024: £nil).

22
Ultimate controlling party

The Company's immediate and ultimate parent is Aumund Holding B.V., incorporated in the Netherlands. The registered office is Wilhelminapark 40, 5911 EE Venlo, The Netherlands.

The ultimate controlling party is AUMUND Foundation, a registered charitable trust in Germany.

23
Cash absorbed by operations
2025
2024
£
£
Profit/(loss) after taxation
14,810
(184,609)
Adjustments for:
Taxation charged
967
7,224
Finance costs
47
142
Investment income
(63,342)
(115,764)
Amortisation and impairment of intangible assets
1,778
3,275
Depreciation and impairment of tangible fixed assets
14,107
11,147
Decrease in provisions
(21,678)
(38,240)
Movements in working capital:
(Increase)/decrease in stocks
(1,268,213)
165,990
Increase in debtors
(2,426,672)
(1,577,152)
Increase/(decrease) in creditors
2,871,590
(1,338,737)
Cash absorbed by operations
(876,606)
(3,066,724)
SAMSON MATERIALS HANDLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 21 -
24
Analysis of changes in net funds
1 January 2025
Cash flows
31 December 2025
£
£
£
Cash at bank and in hand
952,694
(824,354)
128,340
2025-12-31 2025-01-01 false false false CCH Software CCH Accounts Production 2026.100 P De Michieli M L Jones D Ulrich 01206240 2025-01-01 2025-12-31 01206240 bus:Director1 2025-01-01 2025-12-31 01206240 bus:Director2 2025-01-01 2025-12-31 01206240 bus:Director3 2025-01-01 2025-12-31 01206240 bus:RegisteredOffice 2025-01-01 2025-12-31 01206240 2025-12-31 01206240 2024-01-01 2024-12-31 01206240 core:RetainedEarningsAccumulatedLosses 2024-12-31 01206240 core:RetainedEarningsAccumulatedLosses 2023-12-31 01206240 core:ShareCapital 2025-12-31 01206240 core:ShareCapital 2024-12-31 01206240 core:OtherMiscellaneousReserve 2025-12-31 01206240 core:OtherMiscellaneousReserve 2024-12-31 01206240 core:RetainedEarningsAccumulatedLosses 2025-12-31 01206240 core:RetainedEarningsAccumulatedLosses 2024-12-31 01206240 2024-12-31 01206240 core:ShareCapitalOrdinaryShareClass1 2025-12-31 01206240 core:ShareCapitalOrdinaryShareClass1 2024-12-31 01206240 core:IntangibleAssetsOtherThanGoodwill 2025-12-31 01206240 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 01206240 core:ComputerSoftware 2025-12-31 01206240 core:ComputerSoftware 2024-12-31 01206240 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-12-31 01206240 core:PlantMachinery 2025-12-31 01206240 core:FurnitureFittings 2025-12-31 01206240 core:ComputerEquipment 2025-12-31 01206240 core:LandBuildings 2024-12-31 01206240 core:PlantMachinery 2024-12-31 01206240 core:FurnitureFittings 2024-12-31 01206240 core:ComputerEquipment 2024-12-31 01206240 core:WithinOneYear 2025-12-31 01206240 core:WithinOneYear 2024-12-31 01206240 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 01206240 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01206240 2024-12-31 01206240 2023-12-31 01206240 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 01206240 core:ComputerSoftware 2025-01-01 2025-12-31 01206240 core:LandBuildings core:LongLeaseholdAssets 2025-01-01 2025-12-31 01206240 core:PlantMachinery 2025-01-01 2025-12-31 01206240 core:FurnitureFittings 2025-01-01 2025-12-31 01206240 core:ComputerEquipment 2025-01-01 2025-12-31 01206240 1 2025-01-01 2025-12-31 01206240 1 2024-01-01 2024-12-31 01206240 core:UKTax 2025-01-01 2025-12-31 01206240 core:UKTax 2024-01-01 2024-12-31 01206240 2 2025-01-01 2025-12-31 01206240 2 2024-01-01 2024-12-31 01206240 core:ComputerSoftware 2024-12-31 01206240 core:ComputerSoftware core:ExternallyAcquiredIntangibleAssets 2025-01-01 2025-12-31 01206240 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 01206240 core:PlantMachinery 2024-12-31 01206240 core:FurnitureFittings 2024-12-31 01206240 core:ComputerEquipment 2024-12-31 01206240 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 01206240 core:CurrentFinancialInstruments 2025-12-31 01206240 core:CurrentFinancialInstruments 2024-12-31 01206240 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 01206240 bus:OrdinaryShareClass1 2025-12-31 01206240 bus:OrdinaryShareClass1 2024-12-31 01206240 core:BetweenTwoFiveYears 2025-12-31 01206240 core:BetweenTwoFiveYears 2024-12-31 01206240 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01206240 bus:FRS102 2025-01-01 2025-12-31 01206240 bus:Audited 2025-01-01 2025-12-31 01206240 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP