REGISTERED NUMBER: 02722506 (England and Wales)

RAMCO (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

N A Sanderson

B K Sanderson

M Watson

SECRETARY:

B K Sanderson

REGISTERED OFFICE:

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BUSINESS ADDRESS:

Church Road South

Skegness

Lincolnshire

PE25 3RS

REGISTERED NUMBER:

02722506 (England and Wales)

SENIOR STATUTORY AUDITOR:

Tara Bellamy FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BANKERS:

National Westminster Bank Plc

97 Lumley Road

Skegness

Lincolnshire

PE25 3LY

FIXED ASSETS

Tangible assets

4

763,310

587,750

CURRENT ASSETS

Stocks

79,290

81,100

Debtors

5

1,382,849

1,037,571

Cash at bank and in hand

364,914

539,134

1,827,053

1,657,805

CREDITORS

Amounts falling due within one year

6

1,128,638

1,109,675

NET CURRENT ASSETS

698,415

548,130

TOTAL ASSETS LESS CURRENT LIABILITIES

1,461,725

1,135,880

CREDITORS

Amounts falling due after more than one year

7

(132,219

)

(118,162

)

PROVISIONS FOR LIABILITIES

(120,996

)

(90,240

)

NET ASSETS

1,208,510

927,478

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

1,208,508

927,476

SHAREHOLDERS' FUNDS

1,208,510

927,478

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 29 May 2026 and were signed on its behalf by:

N A Sanderson - Director

1.	STATUTORY INFORMATION

Ramco (UK) 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 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.

Turnover

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

Sale of goods

Turnover from the sale of surplus assets 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 dispatch of goods.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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 the income statement in the period to which they relate.

Stock

The company holds stock under agreements from various UK Government bodies and other private clients on the basis that the company will sell the goods in the market place and retain a commission from the UK Government (or its delegated agency).

Much of the stock held does not have an identifiable base cost due to its often unique original usage to the original user and accordingly stock control from the Government to the company is based on units rather than base costs. Stock items purchased from other suppliers are valued at the lower of cost and net realisable value.

Ramco (UK) Limited seeks to achieve the maximum possible for each unit in the market.

Accordingly, whilst the holding of stock by Ramco (UK) Limited for the UK Government has many features which Financial Reporting Standards 102 may indicate as being consignment stock. Furthermore, at the reporting date there are not deemed to be any material benefits or risk as a result of this arrangement.

Government grants

Grants are recognised as income in the period in which they become receivable or where the grant is in relation to a fixed asset, the grant is deferred and recognised over the useful life of the fixed asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

377,364

932,059

1,309,423

Additions

95,789

261,547

357,336

Disposals

-

(10,652

)

(10,652

)

At 31 December 2025

473,153

1,182,954

1,656,107

DEPRECIATION

At 1 January 2025

297,898

423,775

721,673

Charge for year

12,818

167,905

180,723

Eliminated on disposal

-

(9,599

)

(9,599

)

At 31 December 2025

310,716

582,081

892,797

NET BOOK VALUE

At 31 December 2025

162,437

600,873

763,310

At 31 December 2024

79,466

508,284

587,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

667,847

354,352

Amounts owed by group undertakings

427,609

425,047

Other debtors

287,393

258,172

1,382,849

1,037,571

Amounts owed by group undertakings that are due within one year are unsecured, interest free and are repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

42,115

13,674

Trade creditors

682,836

744,951

Taxation and social security

131,780

135,796

Other creditors

271,907

215,254

1,128,638

1,109,675

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

132,219

118,162

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

42,115

13,674

Between one and five years

132,219

118,162

174,334

131,836

Non-cancellable

operating leases

2025

2024

£

£

Within one year

140,000

140,000

Between one and five years

105,000

245,000

245,000

385,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

174,334

131,836

Hire purchase liabilities are secured on the asset to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

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

The Report of the Auditors was unqualified.

Tara Bellamy FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

12.	OTHER FINANCIAL COMMITMENTS

There are various bank guarantees in place in favour of The Secretary of State for Defence totalling £535,000 which are provided as parent company guarantees.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director has a directors loan account totalling £12,287 in overdrawn brought forward (2024: £51,266 overdrawn). During the year, a director of the company borrowed £359,077 (2024: £260,535) from the company and repaid £408,170 (2024: £299,514). The balance at the year end was £36,806 (2024: £12,287 overdrawn).

The loans made to the director were unsecured, interest free and repayable on demand

14.	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.

15.	ULTIMATE CONTROLLING PARTY