REGISTERED NUMBER: 01574591 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WARWICK SASCO LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D F Booth

A V Elgemark

E Andrews

N Svensson

REGISTERED OFFICE:

Warwick House

Heathcote Way

Warwick

Warwickshire

CV34 6TE

REGISTERED NUMBER:

01574591 (England and Wales)

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditors

Highdown House

11 Highdown Road

Sydenham

Leamington Spa

Warwickshire

CV31 1XT

BANKERS:

Lloyds Bank plc

22 Bridge Street

Stratford-Upon-Avon

Warwickshire

CV37 6AG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

134,973

160,676

Investments

6

-

100

134,973

160,776

CURRENT ASSETS

Stocks

277,195

282,584

Debtors

434,603

545,566

Cash at bank and in hand

737,104

284,694

1,448,902

1,112,844

CREDITORS

Amounts falling due within one year

402,436

860,048

NET CURRENT ASSETS

1,046,466

252,796

TOTAL ASSETS LESS CURRENT LIABILITIES

1,181,439

413,572

PROVISIONS FOR LIABILITIES

32,604

38,779

NET ASSETS

1,148,835

374,793

CAPITAL AND RESERVES

Called up share capital

8

271

271

Capital redemption reserve

9,729

9,729

Retained earnings

1,138,835

364,793

SHAREHOLDERS' FUNDS

1,148,835

374,793

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 May 2026 and were signed on its behalf by:

E Andrews - Director

1.	STATUTORY INFORMATION

Warwick Sasco 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

The financial statements represent the accounting period from 1 January 2025 to 31 December 2025 and will therefore not be entirely comparable with the previous accounting period.

Turnover

Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

Goodwill

Purchased goodwill is written off evenly over its estimated useful life.

Tangible fixed assets

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

Tooling

-

10% and 25% straight line

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs in bringing stock to its present location and condition.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

13,113

Disposals

(13,113

)

At 31 December 2025

-

AMORTISATION

At 1 January 2025

13,113

Eliminated on disposal

(13,113

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

On 1 October 1999 the company purchased 100 ordinary £1 shares in Dentamed Plastics Limited for a consideration of £9,500, giving rise to purchased goodwill of £13,113. This has been fully amortised on a straight line basis over its useful economic life of 3 years.

The investment and related goodwill were disposed of during the year.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

1,218,748

Additions

12,494

Disposals

(48,277

)

At 31 December 2025

1,182,965

DEPRECIATION

At 1 January 2025

1,058,072

Charge for year

38,197

Eliminated on disposal

(48,277

)

At 31 December 2025

1,047,992

NET BOOK VALUE

At 31 December 2025

134,973

At 31 December 2024

160,676

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2025

100

Disposals

(100

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

100

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

66,000

66,000

Between one and five years

198,000

33,000

In more than five years

16,500

-

280,500

99,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

271

Ordinary

£1

271

271

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

The Report of the Auditors was unqualified.

The financial statements for the period ended 31 December 2024 were not audited, as the company was previously entitled to an exemption. In forming our opinion, we have considered the comparative figures and disclosures and our opinion is not qualified in this respect.

Wayne Gutteridge FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £38,178 (2024 - £7,261). At the year end there was a balance outstanding of £5,000 (2024 - £Nil).

11.	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.

12.	CONTROLLING INTERESTS

The company is controlled by Karnell Group AB (publ).