REGISTERED NUMBER: 04520818 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HEGLA MACHINERY (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Hoetger

G Smith

SECRETARY:

G Smith

REGISTERED OFFICE:

The Pinnacle Building A,

150-170 Midsummer Boulevard

Milton Keynes

Buckinghamshire

MK9 1FD

REGISTERED NUMBER:

04520818 (England and Wales)

INDEPENDENT AUDITORS:

Armstrongs Accountancy Ltd

Chartered Accountants and Statutory Auditor

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

62,181

84,290

CURRENT ASSETS

Stocks

5

237,000

243,045

Debtors

6

3,325,918

1,930,071

Cash at bank and in hand

841,451

335,153

4,404,369

2,508,269

CREDITORS

Amounts falling due within one year

7

3,806,414

1,887,123

NET CURRENT ASSETS

597,955

621,146

TOTAL ASSETS LESS CURRENT LIABILITIES

660,136

705,436

CAPITAL AND RESERVES

Called up share capital

9

75,000

75,000

Retained earnings

10

585,136

630,436

SHAREHOLDERS' FUNDS

660,136

705,436

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 16 June 2026 and were signed on its behalf by:

G Smith - Director

1.	STATUTORY INFORMATION

Hegla Machinery (UK) Ltd 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 (£) rounded to the nearest pound.

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.

Preparation of consolidated financial statements

The financial statements of the company are consolidated in the financial statements of LEWAG Holding AG. These consolidated financial statements are available from its registered office Industriestrasse 21, D-37688, Beverungen, Germany.

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.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of the ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

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

Short leasehold

-

not provided

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

33% on cost

Computer equipment

-

50% on cost

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.

Stocks

Stocks are stated at the lower of cost and net realisable values. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Financial instruments

The Company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable with one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Hire purchase and leasing commitments

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

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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Going concern

Although the company has made a loss of £45,300 in the current financial year, the directors do not believe that this impacts the going concern status of the business. The company has a healthy balance sheet with sufficient cash balance, retained earnings reserve of £585,136 and committed capital of £75,000. The business is also predicting strong sales in the following financial year, driven by strong machine sales as well as financial support being agreed upon by the owners of the entity.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

4,739

4,229

166,550

7,736

183,254

Additions

-

-

27,500

1,991

29,491

At 31 December 2025

4,739

4,229

194,050

9,727

212,745

DEPRECIATION

At 1 January 2025

-

3,657

88,170

7,137

98,964

Charge for year

-

86

50,251

1,263

51,600

At 31 December 2025

-

3,743

138,421

8,400

150,564

NET BOOK VALUE

At 31 December 2025

4,739

486

55,629

1,327

62,181

At 31 December 2024

4,739

572

78,380

599

84,290

5.

STOCKS

2025

2024

£

£

Stocks

237,000

243,045

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,715,204

1,909,464

Other debtors

931

4,493

Directors' current accounts

76

74

Tax

-

2,450

Prepayments

609,707

13,590

3,325,918

1,930,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

18,887

28,220

Amounts owed to group undertakings

1,793,807

1,541,585

Social security and other taxes

18,145

13,644

VAT

816,905

248,072

Other creditors

38,754

35,598

Deferred income

888,494

-

Accrued expenses

231,422

20,004

3,806,414

1,887,123

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

15,870

10,580

Between one and five years

50,523

-

66,393

10,580

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

75,000

Ordinary

1

75,000

75,000

10.

RESERVES

Retained

earnings

£

At 1 January 2025

630,436

Deficit for the year

(45,300

)

At 31 December 2025

585,136

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

The Auditors' Report was unqualified.

Muhammed Shabbir FCA, FCCA (Senior Statutory Auditor)

for and on behalf of Armstrongs Accountancy Ltd

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

G Smith

Balance outstanding at start of year

74

84

Amounts advanced

2

-

Amounts repaid

-

(10

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

76

74

13.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Hegla GmbH & Co. KG, a company incorporated in Germany..

The immediate parent of Hegla GmbH & Co. KG is LEWAG Holding AG, which is the smallest group of undertakings for which group accounts are drawn up and include Hegla Machinery (UK) Ltd.

The immediate parent of LEWAG Holding AG is HEVA GmbH & Co KG, which is the largest group of undertaking for which group accounts are drawn up and include Hegla Machinery (UK) Ltd.

The ultimate parent company is HELVEJOS Beteiligungs GmbH, a company incorporated in Germany, does not provide any consolidated financial statements.

The consolidated financial statements are available from its registered office at Industriestrasse 21, D-37688, Beverungen, Germany.