Registration number: 00993360

Gericke Rotaval Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 9

Gericke Rotaval Ltd

(Registration number: 00993360)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	1,409,795	1,390,573
Current assets
Stocks	7	1,507,688	1,499,046
Debtors	8	1,068,561	1,211,085
Cash at bank and in hand		146,764	10,894
		2,723,013	2,721,025
Creditors: Amounts falling due within one year	9	(592,325)	(685,430)
Net current assets		2,130,688	2,035,595
Total assets less current liabilities		3,540,483	3,426,168
Creditors: Amounts falling due after more than one year	9	(3,178,337)	(3,090,987)
Net assets		362,146	335,181
Capital and reserves
Called up share capital		115,000	115,000
Revaluation reserve		501,096	440,928
Other reserves		425,092	425,092
Retained earnings		(679,042)	(645,839)
Shareholders' funds		362,146	335,181

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 April 2026
 

Mr M Gericke Director

Gericke Rotaval 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 is:
Bumpers Way
Bumpers Farm Industrial Estate
Chippenham
Wiltshire
SN14 6LH

These financial statements were authorised for issue by the director on 1 April 2026.

2	Accounting policies

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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

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.

Going concern

The director and the senior leadership team meet on a regular basis to discuss the company's performance and respond to the business risks and the current global economic climate.

The director is confident that the company's performance and the risks that the company is exposed to are being managed effectively and with the ultimate parent company having committed in writing to continue to provide support to the company for the foreseeable future, the director has assessed that the company has adequate resources to meet its future requirements and accordingly the company has continued to prepared its financial statements on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 1 April 2026 was Tim Lerwill Bsc BFP FCA, who signed for and on behalf of ML Audit LLP.

Gericke Rotaval Ltd

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

Key sources of estimation uncertainty

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

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

Exemption from disclosing the carrying amount of estimates has been applied under FRS 102 1A.17.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The Company recognises revenue when all of the following conditions are satisfied:
- the amount of revenue can be reliably measured;
- all of the significant risks and rewards of ownership have been transferred to the customer;
- the entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably;
- 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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Development costs

Development costs are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Development costs are capitalised only if all the following can be demonstrated: the technical feasibility of completing the intangible asset; its intention to complete the intangible asset and use or sell it; its ability to use or sell the intangible asset; how the intangible asset will generate probable future economic benefits; the availability of adequate technical, financial and other resources to complete the development; its ability to measure reliably the expenditure attributable to the intangible asset.

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:

Gericke Rotaval Ltd

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

Asset class	Amortisation method and rate
Development costs	20% straight line

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.

Tangible assets held at valuation are revalued with sufficient regularity such that the carrying amount does not differ materially from that which would be determined using fair values at the balance sheet date.

Any revaluation increase arising on the revaluation is credited to the revaluation reserve, except to the extent that it reverses a revaluation decrease for the same asset previously recognised as an expense, in which case the increase is credited to the income statement to the extent of the decrease previously expensed. A decrease in carrying amount arising on the revaluation is charged as an expense to the extent that it exceeds the balance, if any, held in the properties revaluation reserve relating to a previous revaluation of that asset.

On subsequent sale or scrappage of a revalued property, the attributable revaluation surplus remaining in the properties revaluation reserve is transferred directly to retained earnings.

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
Leasehold land and buildings	Over period of lease
Office equipment	15-20% straight line and 15% reducing balance
Motor vehicles	25% straight line
Plant, machinery and tooling	20% reducing balance and 20-50% straight line
Leasehold improvements	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. 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.

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.

Gericke Rotaval Ltd

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

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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.

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.

Gericke Rotaval Ltd

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

Financial instruments

Classification
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when
a) the contractual rights to the cash flows from the asset expire or are settled, or
b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or
c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables and loans from fellow Group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of estimated cash flows discounted at the liability's original effective interest rate.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Tax

The tax expense for the period comprises 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.

Gericke Rotaval Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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 the director) during the year was 32 (2024 - 33).

4	Exceptional items

During the year the ultimate parent company wrote off £187,674 (2024 - £300,000) of loans due by the company, which due to its exceptional size have been stated on the face of the profit and loss account.

5	Intangible assets

	Goodwill  £	Development costs  £	Total £
Cost or valuation
At 1 January 2025	10,794	38,139	48,933
At 31 December 2025	10,794	38,139	48,933
Amortisation
At 1 January 2025	10,794	38,139	48,933
At 31 December 2025	10,794	38,139	48,933
Carrying amount
At 31 December 2025 and 31 December 2023	-	-	-

The aggregate amount of research and development written off as an expense during the year is £5,018 (2024 - £5,261).
 

Gericke Rotaval Ltd

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

6	Tangible assets

	Leasehold land and buildings £	Office equipment  £	Motor vehicles  £	Leasehold improvements  £	Plant, machinery and tooling £	Total £
Cost or valuation
At 1 January 2025	900,000	13,684	27,464	284,153	1,732,479	2,957,780
Revaluations	65,417	-	-	-	-	65,417
Additions	-	-	-	35,535	10,192	45,727
Transfers	284,153	-	-	(284,153)	-	-
At 31 December 2025	1,249,570	13,684	27,464	35,535	1,742,671	3,068,924
Depreciation
At 1 January 2025	62,836	9,671	22,324	61,734	1,410,642	1,567,207
Charge for the year	13,235	1,629	3,246	-	73,812	91,922
Transfers	61,734	-	-	(61,734)	-	-
At 31 December 2025	137,805	11,300	25,570	-	1,484,454	1,659,129
Carrying amount
At 31 December 2025	1,111,765	2,384	1,894	35,535	258,217	1,409,795
At 31 December 2024	837,164	4,013	5,140	222,419	321,837	1,390,573

Revaluation

The fair value of the company's leasehold land and buildings were revalued on 1 January 2025 by an independent valuer.
The valuation was based on comparable recent market transactions on an arm's length terms. The name and qualification of the independent valuer is Cushman & Wakefield who are RICS accredited.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £279,778 (2024 - £284,726).

7

Stocks

	2025 £	2024 £
Raw materials and consumables	1,407,742	1,373,219
Work in progress	99,946	125,827
	1,507,688	1,499,046

Gericke Rotaval Ltd

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

8

Debtors

	Note	2025 £	2024 £
Trade debtors		615,258	702,540
Amounts owed by related parties	10	159,366	302,624
Other debtors		97,128	108,101
Prepayments		182,914	83,925
Income tax asset		13,895	13,895
		1,068,561	1,211,085

9

Creditors

Due within one year	Note	2025 £	2024 £
Loans and borrowings		-	100,565
Trade creditors		443,908	475,900
Social security and other taxes		29,445	25,038
Other creditors		32,068	21,727
Accruals		86,904	62,200
		592,325	685,430
Due after one year
Amounts owed to group undertakings		3,178,337	3,090,987