Metal Work Pneumatic UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01953121 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

METAL WORK PNEUMATIC UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Marconi

V Pellenghi

A Smith

REGISTERED OFFICE:

Featherstone House

Featherstone Road

Wolverton Mill South

Milton Keynes

Buckinghamshire

MK12 5TH

REGISTERED NUMBER:

01953121 (England and Wales)

AUDITORS:

TC Group, Statutory Auditor

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Tangible assets

4

4,434,517

4,486,370

CURRENT ASSETS

Stocks

5

1,207,162

1,135,836

Debtors

6

1,448,650

1,712,272

Cash at bank

91,227

64,903

2,747,039

2,913,011

CREDITORS

Amounts falling due within one year

7

2,730,472

2,909,110

NET CURRENT ASSETS

16,567

3,901

TOTAL ASSETS LESS CURRENT LIABILITIES

4,451,084

4,490,271

PROVISIONS FOR LIABILITIES

10

148,447

145,381

NET ASSETS

4,302,637

4,344,890

CAPITAL AND RESERVES

Called up share capital

11

60,000

Capital redemption reserve

12

30,631

Other reserves

12

2,300,000

Retained earnings

12

1,912,006

1,954,259

SHAREHOLDERS' FUNDS

4,302,637

4,344,890

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 15 May 2026 and were signed on its behalf by:

A Smith - Director

1.	STATUTORY INFORMATION

Metal Work Pneumatic 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.

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 financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets

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

Freehold buildings

2% on cost

Plant and machinery

15% on cost

Tangible fixed assets held under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion, and other costs incurred in bringing stock to its present location and condition. Cost is calculated on an average cost basis. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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.

Going concern

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

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.

Leases

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 January 2025

4,494,470

207,378

4,701,848

Additions

46,917

19,267

66,184

Disposals

-

(5,034

)

(5,034

)

At 31 December 2025

4,541,387

221,611

4,762,998

DEPRECIATION

At 1 January 2025

90,739

124,739

215,478

Charge for year

86,409

31,086

117,495

Eliminated on disposal

-

(4,492

)

(4,492

)

At 31 December 2025

177,148

151,333

328,481

NET BOOK VALUE

At 31 December 2025

4,364,239

70,278

4,434,517

At 31 December 2024

4,403,731

82,639

4,486,370

Included in land and buildings is land at a cost of £318,482 (2024: £318,482) which is not depreciated.

5.

STOCKS

2025

2024

£

Finished goods

1,207,162

1,135,836

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,413,235

1,672,695

Other debtors

35,415

39,577

1,448,650

1,712,272

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Invoice discounting

868,967

1,129,247

Trade creditors

76,939

43,911

Amounts owed to group undertakings

1,433,495

1,359,996

Social security and other taxes

285,979

312,431

Other creditors

65,092

63,525

2,730,472

2,909,110

8.	LEASING AGREEMENTS

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

2025

2024

£

Within one year

60,456

77,313

Between one and five years

67,876

101,769

128,332

179,082

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Invoice discounting facility

868,967

1,129,247

At the balance sheet date, the company operated an invoice discounting facility with RBS Invoice Finance Limited. The facility provides funding against eligible receivables, and the outstanding balance under this arrangement as at 31 December 2025 was £868,967 (2024: £1,129,247).

The charge relating to this facility is registered at Companies House under Part 25 of the Companies Act 2006.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

148,447

145,381

Deferred

tax

£

Balance at 1 January 2025

145,381

Provided during year

3,066

Balance at 31 December 2025

148,447

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

60,000

Ordinary

1

60,000

12.

RESERVES

Capital

Retained

redemption

Other

earnings

reserve

reserves

Totals

£

At 1 January 2025

1,954,259

30,631

2,300,000

4,284,890

Deficit for the year

(42,253

)

(42,253

)

At 31 December 2025

1,912,006

30,631

2,300,000

4,242,637

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

The Report of the Auditors was unqualified.

Antonia Aldridge-Brown FCCA (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditor

14.	PENSION COMMITMENTS

The company makes contributions to defined contribution pension schemes for all employees. Liability is limited to the premiums paid which are charged against profits in the year of payment. Funds are held separately from the company. Contributions paid for the year ending 31 December 2025 were £45,173 (2024: £46,770). There were no outstanding contributions at the year end (2024: £nil) that had not been paid over to the scheme.

15.	RELATED PARTY DISCLOSURES

During the year, the company made sales amounting to £1,011 (2024: £2,325) to Metal Work Danmark A/S and purchases amounting to £3,652 (2024: £2,041). At 31 December 2025 the outstanding balance owed by Metal Work Danmark A/S was £165 (2024 balance owed to Metal Work Danmark A/S was £21).

During the year, the company made sales amounting to £17,075 (2024: £5,360) to Metal Work SPA and purchases amounting to £3,494,642 (2024: £3,789,597). At 31 December 2025 the outstanding balance owed to Metal Work SPA was £1,431,866 (2024: £1,343,017).

During the year, the company made sales amounting to £nil (2024: £nil) to Metal Work Service S.R.L. and purchases amounting to £34,506 (2024: £23,296). At 31 December 2025 the outstanding balance owed to Metal Work Service S.R.L. was £2,507 (2024: £nil).

During the year, the company made sales amounting to £nil (2024: £69) to Metal Work Sverige AB and purchases amounting to £nil (2024: £234). At 31 December 2025 the outstanding balance owed to Metal Work Sverige AB was £nil (2024: £234).

During the year, the company made sales amounting to £nil (2024: £nil) to Alfa Meccanica S.r.l and purchases amounting to £3,199 (2024: £1,210). At 31 December 2025 the outstanding balance owed to Alfa Meccanica S.r.l was £2,142 (2024: £nil).

During the year, the company made sales amounting to £nil (2024: £nil) to Eurofit S.r.l and purchases amounting to £3,371 (2024: £4,627). At 31 December 2025 the outstanding balance owed to Eurofit S.r.l. was £nil (2024: £623).

During the year, the company made sales amounting to £1,015 (2024: £750) to Metal Work Pneumatic USA, Inc. and purchases amounting to £813 (2024: £nil). At 31 December 2025 the outstanding balance owed by Metal Work Pneumatic USA, Inc. was £192 (2024: £750).

During the year, the company made sales amounting to £243 (2024: £209) to Metal Work Deutschland GmbH and purchases amounting to £nil (2024: £nil). At 31 December 2025 the outstanding balance owed by Metal Work Deutschland GmbH was £nil (2024: £nil).

During the year, the company made sales amounting to £nil (2024: £nil) to Metal Work Polska Sp. z o.o. and purchases amounting to £5 (2024: £nil). At 31 December 2025 the outstanding balance owed to Metal Work Polska Sp. z o.o. was £nil (2024: £nil).

During the year, the company made sales amounting to £nil (2024: £nil) to AR Vacuum Technology S.L. and purchases amounting to £19,168 (2024: £nil). At 31 December 2025 the outstanding balance owed by AR Vacuum Technology S.L. was £2,662 (2024: £nil).

During the year, the company made sales amounting to £109 (2024: £nil) to Metal Work Nederland B.V. and purchases amounting to £nil (2024: £nil). At 31 December 2025 the outstanding balance owed by Metal Work Nederland B.V. was £nil (2024: £nil).

16.	ULTIMATE CONTROLLING PARTY

Metal Work Pneumatic UK Limited is included in the consolidated financial statements of its parent company, Metal Work SpA, whose address is: Via Segni 5/7/9 25062 Concesio (BS), Italy.

The ultimate controlling party of Metal Work SpA is Raffaella Sarro, through majority control of the Vanda and Gino Bonatti Trust.