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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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CIMBALI GROUP UK LIMITED
CONTENTS
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CIMBALI GROUP UK LIMITED
COMPANY INFORMATION
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CIMBALI GROUP UK LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report for the year ended 31 December 2025.
The principal activity of the company during the year continued to be that of the selling and maintenance of commercial coffee equipment.
In 2025, Cimbali Group UK was officially recognised as one of the UK’s Best Workplaces in Manufacturing, Production & Transportation™, reflecting strong employee sentiment and a people first culture. The award was driven by anonymous employee feedback, with 72% of employees describing Cimbali UK as a great place to work, significantly above the UK benchmark. Employees highlighted fairness, inclusivity, and a supportive working environment.
This recognition reinforces the company’s 2025 financial performance by demonstrating the strength of its organisational culture. A motivated and engaged workforce contributed to the year’s solid commercial results, including a 13.9% increase in turnover and improved gross profit margin, as outlined in the financial statements. The Great Place to Work® accreditation strengthens Cimbali Group UK’s reputation, supports talent retention, and enhances long term business resilience further underpinning the positive trajectory reflected in the 2025 financial results. The profit and loss account on page 11 of the financial statements provides a summary of the company's results for the year. The performance and results for the year were challenging, as expected given economic uncertainty and market conditions, however the directors remain optimistic about the future of the company and its group. During the year, turnover increased by 13.9% from £14.7m to £16.7m. This comprises an increase of £2.7m in the sale of machinery, spare parts, cleaning materials and repairs and servicing, which is offset by a slight decrease in turnover from maintenance contracts. Gross profit increased to £4.4m in 2025 (2024: £3.2m), and the gross profit margin improved from 21.5% to 26.6%. This reflects a more favourable sales mix and continued focus on margin management. Operating profit for the year was £0.1m (2024: £0.1m). The prior year included £1.2m of exceptional income, meaning that on an underlying basis the 2025 result represents a significantly stronger trading performance. The directors continue to prioritise disciplined cost control while investing appropriately in people, showrooms and facilities to support long-term growth and enhance customer experience. The exceptional income recognised in the prior year represented a loan waiver from the company’s parent undertaking; no exceptional items were recorded in 2025. The company has net assets of £0.8m at the reporting date (2024: £0.6m). Net current assets increased to £1.1m (2024: £0.9m) and the cash balance rose to £1.2m (2024: £1.0m). Stock levels increased to £2.4m (2024: £2.3m) reflecting a higher volume of finished goods held at year end, whereas debtors decreased from £4.7m to £3.7m, reflecting improved collections during the year. The company continues to maintain a strong and collaborative relationship with group companies and has the full financial support of its parent company, as explained further in note 2.3. The directors continue to review the business and wider industry to minimise or mitigate risks in the commercial environment. The company, together with its group, continues to monitor market developments closely to inform decisions regarding product development, investment and strategic priorities.
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CIMBALI GROUP UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The company continues to monitor the key risks and uncertainties it faces relating to the competitive environment in which it operates and the prevailing economic and geo-political conditions.
Risk management is embedded in the company's internal control processes and also as part of the year end reporting procedures. The major risk categories, together with examples, are:
∙Strategic e.g. reputation, product obsolescence, cost competition, short-term customer confidence levels.
∙Operational e.g. product failure, loss of key personnel.
∙Financial e.g. major contract management, inventory control, credit control.
∙Hazard, health and safety and product liability.
These risks are identified and managed through regular dialogue with customers, other stakeholders and internal reporting procedures. Appropriate safeguards are put in place wherever possible.
The directors have not delegated the responsibility of monitoring financial risk management and the company's finance department implements the policies set by the company's directors. The department has specific guidelines agreed by the directors to manage credit risk.
Customer risk
The company's relationship with its customers is a principal business risk. Maintaining this relationship is pivotal to the company's own success.
Credit risk
The company has implemented policies that require appropriate credit checks on potential customers before new accounts are accepted. Furthermore, credit limits are set in place and reviewed on an ongoing basis. Receivable balances are monitored on an ongoing basis and provisions are made for doubtful debts where necessary.
Liquidity and cash flow risk
The directors consider the company to have sufficient available funds for operations. The directors are presented with cashflow reporting on a monthly basis when future plans, opportunities and risks are discussed.
Price risk
Expenditure made by the company is authorised prior to it being made by management in order to ensure that goods and services are not obtained at a higher price than necessary.
Data and compliance risk
The company is aware of the increased risk of ransomware and other IT security issues. To mitigate this risk, the company ensures it is running the latest versions of all software and maintains a strict firewall discipline. Data is regularly backed up.
The directors consider compliance risk including the requirement to comply with the Data Protection Act 2018 and UK General Data Protection Regulations ("GDPR") as essential to the operations of its core activities. Ensuring customers data is protected under GDPR is fundamental for both compliance and reputation.
Health and safety risk
The company ensures compliance with all relevant health and safety as well as product conformity to regulations.
Engagement with employees
Ensuring the company has the right culture and values is critical to the delivery of a first-class customer experience and our employees are fundamental to this. We aim to be a responsible employer in our approach to the pay and benefits our employees receive. The health, safety and well being of our employees is one of our primary considerations in the way we conduct business.
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CIMBALI GROUP UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The company's key financial objectives which the directors judge to be effective in measuring the delivery of their strategies and managing the business concentrate on turnover, gross profit, profit before taxation, net current assets and net assets, all of which are shown in the accompanying pages and have been discussed above.
Key performance indicators are maintained across all parts of the business to ensure we are constantly monitoring and improving our business and supporting our people.
This report was approved by the board and signed on its behalf.
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CIMBALI GROUP UK LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The profit for the year, after taxation, amounted to £175,565 (2024 - £150,263).
The directors do not recommend a dividend (2024 - £nil).
The directors who served during the year were:
Whilst the directors continue to maintain a policy of cost control, the company has invested in its people, showrooms and facilities and continued with its long term strategy to promote the brand and products as well as ultimately seek to enhance the customer experience.
Matters covered in the Strategic report As permitted by S414c(11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the directors' report by Schedule 7 of the "Large and Medium Sized Companies and Groups (Accounts and Reports) Regulations 2008", in the strategic report.
This report was approved by the board and signed on its behalf.
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CIMBALI GROUP UK LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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CIMBALI GROUP UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIMBALI GROUP UK LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2025
We have audited the financial statements of Cimbali Group UK Limited (the 'company') for the year ended 31 December 2025, which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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CIMBALI GROUP UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIMBALI GROUP UK LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.
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CIMBALI GROUP UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIMBALI GROUP UK LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company's sector;
∙we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, and taxation legislation;
∙we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
∙identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected relationships;
∙tested a sample of journal entries to identify unusual transactions;
∙assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙reading the minutes of meetings of those charged with governance;
∙enquiring of management as to actual and potential litigation and claims; and
∙reviewing correspondence with HM Revenue and Customs, and the company’s legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
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CIMBALI GROUP UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CIMBALI GROUP UK LIMITED (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Auditor's responsibilities for the audit of the financial statements (continued)
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
16 Great Queen Street
Covent Garden
WC2B 5AH
Date:
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CIMBALI GROUP UK LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
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CIMBALI GROUP UK LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 14 to 29 form part of these financial statements.
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CIMBALI GROUP UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The principal activity of the company during the year continued to be that of the selling and maintenance of coffee machines.
The company is a private company limited by shares incorporated in England and Wales. The address of its registered office is Unit 280, Centennial Avenue, Elstree, Hertfordshire, WD6 3ST. The company is a wholly owned subsidiary of Cimbali Group S.p.A, a company incorporated in Italy. It is included in the consolidated financial statements of Cimbali Group S.p.A which are publicly available. Copies of the group financial statements are available to the public from Cimbali Group S.p.A, Via A Manzoni 17, 20082 Binasco (MI), Italy. The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Cimbali Group S.p.A as at 31 December 2025 and these financial statements may be obtained from its registered office.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The company’s business activities, together with the factors likely to affect its future development, its financial position, financial risk management objectives and its exposure to risks are described in the strategic report.
The directors have carried out a detailed review of cash flow forecasts covering 12 months from the approval of these financial statements. The latest projections, show that the company is dependent on the support of its parent company, Cimbali Group S.p.A. The parent company has confirmed that it will continue to support the company for a minimum period of at least 12 months from the date of this report. After making enquiries, and an assessment of the ability of Cimbali Group S.p.A, to support the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from approval of these accounts. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts. Revenue from sales of maintenance contracts is recognised on a straight-line basis over the term of the contract. Revenue from repairs and servicing is recognised in the period in which the services are provided.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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.
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Impairment of financial assets
Financial assets 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 profit and loss account.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are charge as an expense to the profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation.
Provisions for warranty liabilities are recognised at the time of sale, based on historic experience of total cost of the warranty period and actual costs incurred.
Ordinary shares are classified as equity.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
(i) Stock provisioning The carrying value of stock, at the lower of cost and net realisable value, is dependent on key judgements and estimates that are made by management. The judgements relating to stock include an estimation of future expected average sales prices and disposal costs. These judgements also include consideration of specific factors and the developments in the market that have been identified throughout the year and subsequent to the year end. Actual outcomes could be different to the assumptions used in determining the estimates. (ii) Provision for liabilities The company assesses all potential liabilities and uncertainties in light of requirements of FRS102 Section 21 Provisions and Contingencies. In particular, the company assesses whether the likelihood of settlement is probable in which case provisions are recognised when the amounts can be reliably estimated. These provisions require management's best estimate of the costs that will be incurred based on legislative and contractual requirements. In addition, the timing of the cash flows and the discount rates used to establish net present value of the obligations require management's judgement. Potential liabilities that are either not probable and/or cannot be reliably measured are treated as contingent liabilities and separately disclosed in the financial statements. (iii) Provision for product warranty The company provides a warranty for its products for specific periods of time. The company provides for estimated warranty costs at the time the products are sold based on historical warranty claim experience, with consideration given to the expected level of future warranty costs, including current sales trends, the expected number of units to be affected and the estimated average repair cost per unit for warranty claims. This provision is continuously monitored to ensure that it is adequate to cover estimated warranty expenses. (iv) Bill and hold arrangments On occasion, the company may enter into bill and hold arrangements, where customers defer delivery for a short period of time. The company recognises revenue in these scenarios with careful judgement, considering criteria set out under FRS 102, with regards to the transfer of risks and reward of goods sold. This includes an assessment of the following factors: These judgments, along with the other factors mentioned above, influence the timing of revenue recognition, and consequently, the company's financial position and results from operations. The company continues to monitor the appropriateness of these judgments to ensure that revenue is recognised in accordance with applicable accounting standards.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
At 31 December 2025 the company had a deferred tax asset in respect of losses carried forward of £829,696 (2024: £883,358), valued at 25%, which has not been recognised in the financial statements due to uncertainty over timing of future profits to utilise the losses.
There were no other factors that may affect future tax charges.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Profit and loss account
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
As at the year-end date, the company has a claim open in relation to an incident at customer sites with a total claim value of £0.3m.
As with any company in this industry there is a risk of claims arising from supplies and services that we perform. The directors’ view is that the obligation is uncertain and the amount of economic benefit that the company may transfer cannot be reliably estimated. As with all estimates there is a possibility that the actual economic outflow in relation to the claims could be lower than the full claim amount disclosed, particularly as any possible outflow could be covered by an insurance policy held by the company.
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CIMBALI GROUP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The immediate parent undertaking is Cimbali Group S.p.A.
The parent undertaking of the smallest group of undertakings for which group financial statements are drawn up and of which the company is a member is Cimbali Group S.p.A a company incorporated in Italy, whose registered office is at Via A Manzoni 17, 20082 Binasco (MI), Italy. Copies of these group financial statements are available to the public from its registered office. The ultimate parent company is Cimbali Group S.p.A, a company incorporated in Italy. In the opinion of the directors the ultimate controlling party is the Cimbali family.
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