REGISTERED NUMBER: 10627763 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WOLF COMPONENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A M Joyce

Mr R S Baul

Mr R Shuttleworth

SECRETARY:

Mr R S Baul

REGISTERED OFFICE:

60 Aldwark Wharf

Waddington Way

Rotherham

South Yorkshire

S65 3SH

REGISTERED NUMBER:

10627763 (England and Wales)

ACCOUNTANTS:

Xeinadin Barnsley Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC Bank PLC

5 Market Hill

Barnsley

South Yorkshire

S70 2PY

FIXED ASSETS

Intangible assets

4

2,134

2,272

Tangible assets

5

1,814,963

1,615,411

1,817,097

1,617,683

CURRENT ASSETS

Stocks

6

489,531

440,894

Debtors

7

1,694,491

1,666,274

Cash at bank

242,093

188,343

2,426,115

2,295,511

CREDITORS

Amounts falling due within one year

8

2,306,399

2,230,261

NET CURRENT ASSETS

119,716

65,250

TOTAL ASSETS LESS CURRENT LIABILITIES

1,936,813

1,682,933

CREDITORS

Amounts falling due after more than one year

9

(481,285

)

(558,151

)

PROVISIONS FOR LIABILITIES

(385,127

)

(320,250

)

NET ASSETS

1,070,401

804,532

CAPITAL AND RESERVES

Called up share capital

12

50,000

50,000

Retained earnings

1,020,401

754,532

SHAREHOLDERS' FUNDS

1,070,401

804,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

Mr R S Baul - Director

1.	STATUTORY INFORMATION

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

No judgements have been made in the process of applying account policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and sales rebates.

Turnover from the sale of mattress components is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Intangible assets

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

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

Straight line over 10 years

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

Straight line over 6 years

Computer equipment

-

33% on cost and Straight line over 5 years

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

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

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

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

Grants

Grants of a revenue nature are credited to income in the period in which they relate.

Capital grants are credited to a deferred income account and transferred to the profit and loss account over the expected lives of the assets to which they relate.

Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2024 - 76 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2025

3,875

Additions

250

At 31 December 2025

4,125

AMORTISATION

At 1 January 2025

1,603

Amortisation for year

388

At 31 December 2025

1,991

NET BOOK VALUE

At 31 December 2025

2,134

At 31 December 2024

2,272

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

2,705,703

75,163

75,176

31,971

2,888,013

Additions

524,069

15,851

-

1,286

541,206

At 31 December 2025

3,229,772

91,014

75,176

33,257

3,429,219

DEPRECIATION

At 1 January 2025

1,201,303

39,106

21,044

11,149

1,272,602

Charge for year

312,046

11,667

12,529

5,412

341,654

At 31 December 2025

1,513,349

50,773

33,573

16,561

1,614,256

NET BOOK VALUE

At 31 December 2025

1,716,423

40,241

41,603

16,696

1,814,963

At 31 December 2024

1,504,400

36,057

54,132

20,822

1,615,411

Fixed assets, included in the above, which are held under hire purchase are as follows:

6.

STOCKS

31.12.25

31.12.24

£

£

Raw materials

361,025

340,349

Work-in-progress

2,000

1,000

Finished goods

126,506

99,545

489,531

440,894

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,648,384

1,403,584

Amounts owed by group undertakings

-

155,493

Other debtors

1,100

860

Prepayments and accrued income

45,007

106,337

1,694,491

1,666,274

Secured against trade debtors totalling £1,587,454 (2024: £1,542,610) is the amount of £605,531 (2024: £569,327) in respect of debt factoring balances.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 10)

20,833

50,000

Hire purchase contracts

190,051

168,527

Trade creditors

621,553

933,577

Amounts owed to group undertakings

292,375

-

Corporation tax

2,733

-

Social security and other taxes

81,434

71,035

VAT

404,601

308,692

Other creditors

619,446

580,167

Accruals and deferred income

73,373

118,263

2,306,399

2,230,261

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (CBILS) (see note 10)

-

20,833

Hire purchase contracts

414,098

280,482

Amounts owed to group undertakings

-

143,472

Directors' loan accounts

49,877

88,008

Deferred government grants

17,310

25,356

481,285

558,151

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans (CBILS)

20,833

50,000

Amounts falling due between one and two years:

Bank loans - 1-2 years (CBILS)

-

20,833

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

604,149

449,009

Invoice financing

605,531

569,327

Bank loans

20,833

70,833

1,230,513

1,089,169

Bank loans, overdrafts, invoice financing and finance leases are secured by;

Unlimited guarantee given by Wolf UK Holdings to secure all liabilities of Wolf Components Limited.

Charge over contract monies given by Wolf Components Limited.

A debenture comprising fixed and floating charges over all the assets and undertakings of Wolf Components Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

50,000

Ordinary

£1

50,000

50,000

13.	CAPITAL COMMITMENTS

31.12.25

31.12.24

£

£

Contracted but not provided for in the

financial statements

36,352

51,897

14.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £172,597 (2024: £276,346).

15.	ULTIMATE CONTROLLING PARTY

Wolf UK Holdings Limited is the company's parent company by virtue of its shareholding in the company.

The parent company's registered office address is:

12 Victoria Road,

Barnsley,

United Kingdom,

S70 2BB