REGISTERED NUMBER: 02344535 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Meter Mix Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

S Knaus

D Laux Lucioni

SECRETARY:

D Laux Lucioni

REGISTERED OFFICE:

Brindley Close

Rushden Business Park

Rushden

Northamptonshire

NN10 6EN

REGISTERED NUMBER:

02344535 (England and Wales)

AUDITORS:

Clifford Roberts

Chartered Accountants &

Statutory Auditors

Pacioli House

9 Brookfield

Duncan Close

Northampton

Northamptonshire

NN3 6WL

FIXED ASSETS

Intangible assets

4

36,736

8,367

Tangible assets

5

105,647

70,839

142,383

79,206

CURRENT ASSETS

Stocks

6

670,617

838,783

Debtors

7

1,373,458

1,168,192

Cash at bank and in hand

851,238

1,041,037

2,895,313

3,048,012

CREDITORS

Amounts falling due within one year

8

752,417

929,254

NET CURRENT ASSETS

2,142,896

2,118,758

TOTAL ASSETS LESS CURRENT LIABILITIES

2,285,279

2,197,964

PROVISIONS FOR LIABILITIES

10

25,879

17,060

NET ASSETS

2,259,400

2,180,904

CAPITAL AND RESERVES

Called up share capital

11

3,000

3,000

Retained earnings

2,256,400

2,177,904

SHAREHOLDERS' FUNDS

2,259,400

2,180,904

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by:

D Laux Lucioni - Director

1.	STATUTORY INFORMATION

Meter Mix 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.

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.

Related party exemption

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.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

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 the cost less estimated residual value of each asset over its estimated useful life.

Long leasehold improvements

-

15% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial, in which case they are stated at undiscounted 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 rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 28 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

10,000

10,457

20,457

Additions

-

32,219

32,219

At 31 December 2025

10,000

42,676

52,676

AMORTISATION

At 1 January 2025

9,999

2,091

12,090

Charge for year

-

3,850

3,850

At 31 December 2025

9,999

5,941

15,940

NET BOOK VALUE

At 31 December 2025

1

36,735

36,736

At 31 December 2024

1

8,366

8,367

5.	TANGIBLE FIXED ASSETS

Long

Fixtures

leasehold

Plant and

and

Motor

improvements

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

116,489

48,669

180,053

9,728

354,939

Additions

31,164

4,630

29,068

-

64,862

At 31 December 2025

147,653

53,299

209,121

9,728

419,801

DEPRECIATION

At 1 January 2025

103,279

34,663

136,431

9,727

284,100

Charge for year

6,175

5,626

18,253

-

30,054

At 31 December 2025

109,454

40,289

154,684

9,727

314,154

NET BOOK VALUE

At 31 December 2025

38,199

13,010

54,437

1

105,647

At 31 December 2024

13,210

14,006

43,622

1

70,839

6.

STOCKS

2025

2024

£

£

Stocks

549,192

520,552

Work-in-progress

121,425

318,231

670,617

838,783

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

583,639

367,206

Amounts owed by group undertakings

656,197

673,834

Other Debtors

8,008

8,675

Prepayments

125,614

118,477

1,373,458

1,168,192

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

297,055

344,720

Tax

255,505

240,417

Social security and other taxes

26,140

21,508

VAT

10,684

31,003

Other creditors

92,772

226,652

Accrued expenses

70,261

64,954

752,417

929,254

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

68,965

81,278

Between one and five years

68,106

117,333

137,071

198,611

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

25,879

17,060

Deferred

tax

£

Balance at 1 January 2025

17,060

Accelerated capital allowances

8,819

Balance at 31 December 2025

25,879

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3,000

Ordinary

£1

3,000

3,000

Called up share capital

This represents the nominal value of shares that have been issued.

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

The Report of the Auditors was unqualified.

Robert Dearing BEng FCA (Senior Statutory Auditor)

for and on behalf of Clifford Roberts

13.	FINANCIAL COMMITMENTS

Meter Mix Systems Limited is part of a group guarantee over a €22,000,000 credit facility provided by Commerzbank Aktienesellschaft to Hilger u. Kern GMBH the ultimate parent company.

14.	RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest, directors and other related parties were concluded under normal market conditions.

15.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Meter Mix Holdings Limited. Meter Mix Holdings Limited's registered office is at 63 Broad Green, Wellingborough, Northamptonshire, NN8 4LQ.

The ultimate parent company is Hilger u. Kern Gmbh, a company incorporated in Germany, with the registered address Käfertaler Straße 253, 68167 Mannheim, Germany.