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Registration number: 11883905

Eurocircuits (United-Kingdom) Ltd
Filleted Financial Statements
for the Year Ended 31 December 2025

Eurocircuits (United-Kingdom) Ltd

Contents

Company Information | 1
Statement of Directors' Responsibilities | 2
Balance Sheet | 3
Notes to the Financial Statements | 4 to 9

Eurocircuits (United-Kingdom) Ltd

Company Information

Directors | S Portsmouth L Smets D Stans

Registered office | Browns Marsh Marsh Lane North Molton South Molton Devon EX36 3HQ

Bankers | KBC Bank 111 Old Broad St London EC2N 1BR

Auditors | PKF Francis Clark Statutory Auditors Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE

Eurocircuits (United-Kingdom) Ltd

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:

• | select suitable accounting policies and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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.

Eurocircuits (United-Kingdom) Ltd

(Registration number: 11883905)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 194 | 486
Current assets |  |  |
Debtors | 5 | 582,696 | 365,885
Cash at bank and in hand |  | 709,014 | 589,059
|  | 1,291,710 | 954,944
Creditors: Amounts falling due within one year | 6 | (624,121) | (560,185)
Net current assets |  | 667,589 | 394,759
Total assets less current liabilities |  | 667,783 | 395,245
Provisions for liabilities |  | (48) | (140)
Net assets |  | 667,735 | 395,105
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Profit and loss account |  | 667,734 | 395,104
Shareholders' funds |  | 667,735 | 395,105

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 April 2026 and signed on its behalf by:

......................................... L Smets Director

Eurocircuits (United-Kingdom) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principal place of business is:
Browns Marsh
Marsh Lane
North Molton
South Molton
Devon
EX36 3HQ

2 | 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.
The management have assessed the going concern position of Eurocircuits (United Kingdom) Limited taking into consideration the impacts of the Global and UK economy in particular the inflationary pressures on costs and sales prices. Management have prepared forecasts based on robust underlying assumptions that demonstrates the continuation of a strong trading and profitable performance along with sufficient adequate resources to continue to operate for the foreseeable future. Based on this, the directors are satisfied that the company can adopt the going concern basis for preparing these financial statements.

The presentation currency is £ sterling which is the functional currency of the company.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on ........................3 April 2026 was Neil Hitchings, who signed for and on behalf of PKF Francis Clark.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods. Turnover is recognised on dispatch of goods to the customer which is deemed to be the point at which the risks and rewards of ownership have transferred. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Eurocircuits (United-Kingdom) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

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 financial statements and on unused tax losses or tax credits in the company. 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer equipment | 25% Straight line basis

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.

Eurocircuits (United-Kingdom) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade debtors and creditors;
• Amounts owed to group undertakings;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Eurocircuits (United-Kingdom) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 1,167 | 1,167
At 31 December 2025 | 1,167 | 1,167
Depreciation
At 1 January 2025 | 681 | 681
Charge for the year | 292 | 292
At 31 December 2025 | 973 | 973
Carrying amount
At 31 December 2025 | 194 | 194
At 31 December 2024 | 486 | 486

Eurocircuits (United-Kingdom) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

5 | Debtors

|  | 2025 £ | 2024 £
Trade debtors |  | 532,310 | 363,058
Amounts owed by group undertakings |  | 47,559 | -
Other debtors |  | 2,827 | 2,827
Total current trade and other debtors |  | 582,696 | 365,885

6 | Creditors

|  | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 3,877 | 4,287
Amounts owed to group undertakings |  | 277,022 | 255,824
Taxation and social security |  | 240,269 | 208,397
Other creditors |  | 88,667 | 79,104
Accrued expenses |  | 14,286 | 12,573
|  | 624,121 | 560,185

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

8 | Dividends

Final dividends paid

|  | 2025 £ |  | 2024 £
Final dividend of £Nil (2024 - £340,000.00) per each ordinary share |  | - |  | 340,000

9 | Parent and ultimate parent undertaking

The company's immediate parent is Eurocircuits NV, incorporated in Belgium.

Eurocircuits (United-Kingdom) Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

The parent of the smallest group in which these financial statements are consolidated is Eurocircuits N.V., incorporated in Belgium.
The address of Eurocircuits N.V. is:
Eurocircuits N.V. Antwerpsesteenweg 66, 2800 Mechelen, Belgium.