REGISTERED NUMBER: 06837643

RAICAM CLUTCH LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N Di Sipio

M Di Sipio

P Di Sipio

REGISTERED OFFICE:

Unit 8 Colemeadow Road

Moons Moat North Industrial Estate

Redditch

Worcestershire

B98 9PB

REGISTERED NUMBER:

06837643

SENIOR STATUTORY AUDITOR:

Richard James Beresford FCCA

INDEPENDENT AUDITORS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

BANKERS:

Lloyds Bank PLC

Cheapside Branch

70-71 Cheapside

London

EC2V 6EN

FIXED ASSETS

Intangible assets

4

8,477

8,244

Tangible assets

5

699,087

739,683

Investments

6

667,059

667,059

1,374,623

1,414,986

CURRENT ASSETS

Stocks

428,654

672,452

Debtors

7

478,751

980,192

Cash at bank and in hand

1,264,378

698,174

2,171,783

2,350,818

CREDITORS

Amounts falling due within one year

8

213,365

305,515

NET CURRENT ASSETS

1,958,418

2,045,303

TOTAL ASSETS LESS CURRENT LIABILITIES

3,333,041

3,460,289

CAPITAL AND RESERVES

Called up share capital

11

3

3

Share premium

2,519,888

2,519,888

Retained earnings

813,150

940,398

SHAREHOLDERS' FUNDS

3,333,041

3,460,289

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 5 May 2026 and were signed on its behalf by:

Mr N Di Sipio - Director

1.	STATUTORY INFORMATION

Raicam Clutch Limited is a private company limited by shares, incorporated in England and Wales and domiciled in England. The registered office and company number is included on the company information page.

The financial statements are prepared in GBP, which is considered to be the functional currency of the company, and are rounded to the nearest £1.

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

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible and intangible assets

The annual depreciation and amortisation charge for tangible and intangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sales of systems and components for the automotive industry is recognised in accordance with FRS 102 Section 23 at the fair value of consideration receivable, net of VAT and discounts. Revenue is recognised when the goods are despatched on Sage X3 and sent to the customer. This is when the risks and rewards of ownership have transferred to the delivery service provider.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on the following basis:

Software - 20%-33% straight line

All intangible assets are considered to have a finite useful life. The amortisation period is considered to be a fair reflection of the useful economic life of the asset.

Tangible fixed assets

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

Long leasehold

-

2% Straight line

Plant and machinery

-

20% Straight line

Fixtures and fittings

-

20% Straight line

Motor vehicles

-

33% Straight line

Office Equipment

-

20% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

Stocks

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

Cost includes all costs incurred in bringing inventories to their present location and condition and is determined using the First-In, First-Out (FIFO) method. Any write-down to net realisable value is recognised in profit or loss in the period incurred.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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.

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 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

130,156

Additions

3,100

At 31 December 2025

133,256

AMORTISATION

At 1 January 2025

121,912

Amortisation for year

2,867

At 31 December 2025

124,779

NET BOOK VALUE

At 31 December 2025

8,477

At 31 December 2024

8,244

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2025

768,600

220,055

5,813

Additions

-

-

-

Disposals

-

(166,412

)

-

At 31 December 2025

768,600

53,643

5,813

DEPRECIATION

At 1 January 2025

90,567

202,173

1,628

Charge for year

10,760

14,284

1,163

Eliminated on disposal

-

(163,832

)

-

At 31 December 2025

101,327

52,625

2,791

NET BOOK VALUE

At 31 December 2025

667,273

1,018

3,022

At 31 December 2024

678,033

17,882

4,185

Motor

Office

vehicles

Equipment

Totals

£

£

£

COST

At 1 January 2025

58,727

17,797

1,070,992

Additions

-

1,985

1,985

Disposals

-

-

(166,412

)

At 31 December 2025

58,727

19,782

906,565

DEPRECIATION

At 1 January 2025

25,098

11,843

331,309

Charge for year

11,869

1,925

40,001

Eliminated on disposal

-

-

(163,832

)

At 31 December 2025

36,967

13,768

207,478

NET BOOK VALUE

At 31 December 2025

21,760

6,014

699,087

At 31 December 2024

33,629

5,954

739,683

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

667,059

NET BOOK VALUE

At 31 December 2025

667,059

At 31 December 2024

667,059

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

304,682

806,724

Amounts owed by group undertakings

97,141

112,831

Other debtors

76,928

60,637

478,751

980,192

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

56,197

103,215

Amounts owed to group undertakings

12,277

41,545

Taxation and social security

111,630

123,158

Other creditors

33,261

37,597

213,365

305,515

9.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

5,906

6,547

Between one and five years

900

6,687

6,806

13,234

10.	SECURED DEBTS

On 22 September 2022 a negative pledge and a fixed floating charge (covering the cash account of the company) was created in favour of Lloyds Bank PLC.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

3

Ordinary

1

3

3

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

The Report of the Auditors was unqualified.

Richard James Beresford FCCA (Senior Statutory Auditor)

for and on behalf of Charles Lovell & Co Limited

13.	RELATED PARTY DISCLOSURES

During the year the company had net purchases of £1,059.43 (2024: £1,654.72) from Elisa S.r.l the ultimate parent company. The company owed to Elisa S.r.l £256.52 (2024: £893.92) at the balance sheet date.

During the year the company had net purchases of £31,114.71 (2024: £41,268.40) from Raicam Industrie S.r.l, the parent company. The company owed to Raicam Industrie S.r.l £437.61 (2024: £8,492.38) at the balance sheet date.

During the year the company has net sales to Raicam Driveline S.r.l, an associated company, of £490,279.51 (2024: £445,210.02) and purchases of £373,212.61 (2024: £600,341.69). The company was owed from Raicam Driveline S.r.l £85,557.55 (2024: 80,672.97) at the balance sheet date.

14.	ULTIMATE CONTROLLING PARTY