REGISTERED NUMBER: 01931138 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Schulte And Loughborough Electro Systems

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Schulte

S Waldminghaus

REGISTERED OFFICE:

Lennox House

3 Pierrepont Street

Bath

Somerset

BA1 1LB

REGISTERED NUMBER:

01931138 (England and Wales)

BANKERS:

Barclays Bank Plc

1 Manvers Street

Bath

BA1 1JZ

FIXED ASSETS

Tangible assets

4

465,658

480,445

CURRENT ASSETS

Stocks

85,220

76,127

Debtors

5

121,121

141,023

Cash at bank

50,727

68,213

257,068

285,363

CREDITORS

Amounts falling due within one year

6

240,807

216,964

NET CURRENT ASSETS

16,261

68,399

TOTAL ASSETS LESS CURRENT LIABILITIES

481,919

548,844

CREDITORS

Amounts falling due after more than one year

7

(24,009

)

(75,210

)

PROVISIONS FOR LIABILITIES

(3,358

)

(6,608

)

NET ASSETS

454,552

467,026

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

454,452

466,926

SHAREHOLDERS' FUNDS

454,552

467,026

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

S Waldminghaus - Director

1.	STATUTORY INFORMATION

Schulte And Loughborough Electro Systems Limited 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 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The company is reliant on its parent company, Schulte-Elektrotechnik GmBH & Co KG, for the supply of its products. The directors of Schulte-Elektrotechnik GmBH & Co KG have confirmed their intention to provide, and have the capability to provide, continued product and financial support for a period of at least 12 months from the date of approval of these financial statements.

The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the net invoiced value of goods supplied during the year, net of applicable Value Added Tax, together with sales commissions receivable.

Revenue from the supply of goods is recognised when goods are despatched to customers.

Tangible fixed assets

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

Freehold Land - Not depreciated

Freehold property - 2% on straight line basis

Plant and machinery - 25% on straight line basis

Fixtures and fittings - 25% on straight line basis

Stocks

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

Financial instruments

The company has chosen to adopt the requirements of sections 11 and 12 of FRS 102 in respect of the measurement and disclosure of financial instruments.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

The company does not have any other financial instruments.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2025

464,887

31,832

12,235

508,954

Additions

-

-

263

263

At 31 December 2025

464,887

31,832

12,498

509,217

DEPRECIATION

At 1 January 2025

11,079

13,464

3,966

28,509

Charge for year

6,331

5,660

3,059

15,050

At 31 December 2025

17,410

19,124

7,025

43,559

NET BOOK VALUE

At 31 December 2025

447,477

12,708

5,473

465,658

At 31 December 2024

453,808

18,368

8,269

480,445

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

97,080

131,306

Prepayments

24,041

9,717

121,121

141,023

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

14,366

14,037

Amounts owed to group undertakings

179,336

119,802

Tax

135

12,323

Social security and other taxes

26,618

51,394

Other creditors

622

675

Accrued expenses

19,730

18,733

240,807

216,964

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

24,009

75,210

Amounts owed to group undertakings consist of a trading balance and a term loan. Both balances are unsecured.The trading balance is interest free, and repayable on demand; The loan is repayable in quarterly instalments, and is subject to interest at 5.05%pa.

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

7,561

7,561

Between one and five years

13,611

21,172

21,172

28,733

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

The Report of the Auditors was unqualified.

Martin Longmore (Senior Statutory Auditor)

for and on behalf of Sumer Auditco 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.	ULTIMATE CONTROLLING PARTY