REGISTERED NUMBER: 01208295 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Logstrup (UK) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

331,433

72,451

CURRENT ASSETS

Stocks

2,797,515

599,412

Debtors

5

4,742,478

1,133,697

Cash at bank and in hand

41,279

754,930

7,581,272

2,488,039

CREDITORS

Amounts falling due within one year

6

5,841,685

1,050,249

NET CURRENT ASSETS

1,739,587

1,437,790

TOTAL ASSETS LESS CURRENT LIABILITIES

2,071,020

1,510,241

PROVISIONS FOR LIABILITIES

82,858

17,913

NET ASSETS

1,988,162

1,492,328

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Retained earnings

1,938,162

1,442,328

SHAREHOLDERS' FUNDS

1,988,162

1,492,328

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2025 and were signed by:

Mr P Logstrup - Director

1.	STATUTORY INFORMATION

Logstrup (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01208295

Registered office:

Unit A3

Wardley Industrial Estate

Priestley Road

Manchester

M28 2LY

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on the going concern basis. The company's forecasts and projections show that the company will continue to operate within the group's funding facilities as the company continues to receive financial support from its parent company A/S Logstrup Steel.

Turnover

Turnover is the total amount receivable by the company in the ordinary course of business with outside customers for goods and services as a principal, excluding VAT and trade discounts.

In respect of long term contracts, the amount of profit attributable to the stage of completion is recognised when the outcome of the contract can be foreseen with reasonable certainty. Turnover for such contracts is stated at the cost appropriate to their stage of completion plus attributable profits, less amounts recognised in previous years. Provision is made for any losses as soon as they are foreseen.

Contract work in progress is included in stock and is stated at cost incurred, less those transferred to the profit and loss account, after deducting foreseeable losses and payments on account not matched with turnover.

Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments on account.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stock and work in progress are stated at the lower of cost and net realisable value.

Work in progress cost consists of direct materials and direct labour.

Long term contract balances are valued on the basis of direct costs plus attributable overheads based on normal level of activities. Provision is made for any foreseeable losses where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 September 2024

54,463

93,257

20,878

168,598

Additions

227,069

113,435

10,428

350,932

At 31 August 2025

281,532

206,692

31,306

519,530

DEPRECIATION

At 1 September 2024

13,507

65,940

16,700

96,147

Charge for year

56,132

30,210

5,608

91,950

At 31 August 2025

69,639

96,150

22,308

188,097

NET BOOK VALUE

At 31 August 2025

211,893

110,542

8,998

331,433

At 31 August 2024

40,956

27,317

4,178

72,451

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

3,676,220

951,796

Other debtors

1,066,258

181,901

4,742,478

1,133,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

614,019

396,853

Amounts owed to group undertakings

4,107,227

257,844

Taxation and social security

944,520

294,330

Other creditors

175,919

101,222

5,841,685

1,050,249

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

397,412

92,207

Between one and five years

1,514,412

530,085

1,911,824

622,292

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

50,000

Ordinary

£1

50,000

50,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Thompson Wright (Audit) Limited

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12.	ULTIMATE CONTROLLING PARTY