IRIS Accounts Production v26.1.10.61 05263022 Board of Directors 1.1.25 31.12.25 31.12.25 18.6.26 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05263022 2024-12-31 05263022 2025-12-31 05263022 2025-01-01 2025-12-31 05263022 2023-12-31 05263022 2024-01-01 2024-12-31 05263022 2024-12-31 05263022 ns15:EnglandWales 2025-01-01 2025-12-31 05263022 ns14:PoundSterling 2025-01-01 2025-12-31 05263022 ns10:Director1 2025-01-01 2025-12-31 05263022 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05263022 ns10:SmallEntities 2025-01-01 2025-12-31 05263022 ns10:Audited 2025-01-01 2025-12-31 05263022 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 05263022 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05263022 ns10:FullAccounts 2025-01-01 2025-12-31 05263022 1 2025-01-01 2025-12-31 05263022 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 05263022 ns5:CurrentFinancialInstruments 2025-12-31 05263022 ns5:CurrentFinancialInstruments 2024-12-31 05263022 ns5:ShareCapital 2025-12-31 05263022 ns5:ShareCapital 2024-12-31 05263022 ns5:SharePremium 2025-12-31 05263022 ns5:SharePremium 2024-12-31 05263022 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 05263022 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05263022 ns10:RegisteredOffice 2025-01-01 2025-12-31 05263022 ns5:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 05263022 ns5:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 05263022 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-01-01 2025-12-31 05263022 ns5:PlantMachinery 2025-01-01 2025-12-31 05263022 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 05263022 ns5:IntangibleAssetsOtherThanGoodwill 2025-12-31 05263022 ns5:IntangibleAssetsOtherThanGoodwill 2024-12-31 05263022 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 05263022 ns5:PlantMachinery 2024-12-31 05263022 ns5:ShortLeaseholdAssets ns5:LandBuildings 2025-12-31 05263022 ns5:PlantMachinery 2025-12-31 05263022 ns5:ShortLeaseholdAssets ns5:LandBuildings 2024-12-31 05263022 ns5:PlantMachinery 2024-12-31 05263022 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 05263022 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 05263022 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 05263022 (England and Wales)

YZ SYSTEMS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

| YZ SYSTEMS LTD (REGISTERED NUMBER: 05263022) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

| YZ SYSTEMS LTD (REGISTERED NUMBER: 05263022) |

BALANCE SHEET

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 733,333 |  | 843,333 |  |

Tangible assets | 5 | 466,336 |  | 450,472 |  |

1,199,669 |  | 1,293,805 |  |

CURRENT ASSETS

Stocks | 779,690 |  | 724,059 |  |

Debtors | 6 | 1,014,081 |  | 1,150,990 |  |

Cash at bank | - |  | 157,163 |  |

1,793,771 |  | 2,032,212 |  |

CREDITORS

Amounts falling due within one year | 7 | 6,149,698 |  | 5,404,272 |  |

NET CURRENT LIABILITIES | (4,355,927 | ) | (3,372,060 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (3,156,258 | ) | (2,078,255 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 20 |  | 20 |  |

Share premium | 9,990 |  | 9,990 |  |

Retained earnings | (3,166,268 | ) | (2,088,265 | ) |

SHAREHOLDERS' FUNDS | (3,156,258 | ) | (2,078,255 | ) |

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 and authorised for issue by the Board of Directors and authorised for issue on 17 June 2026 and were signed on its behalf by:

M J Scheske - Director

| YZ SYSTEMS LTD (REGISTERED NUMBER: 05263022) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| YZ Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 05263022

| Registered office: | North Hylton Road

| Sunderland

| SR5 3JD

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 represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Patents and licences are being amortised evenly over their estimated useful life of ten years.

| 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 | - | at varying rates on cost

| Plant and machinery | - | 25% on cost

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Debtors and creditors

| Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

| Any losses arising from impairment are recognised in the profit and loss account.

| YZ SYSTEMS LTD (REGISTERED NUMBER: 05263022) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The financial statements have been prepared on a going concern basis.

| The Company has incurred a net loss for the year of £1,078,003 and has net current liabilities of £4,355,927. The 2025 financial year has has a significant reduction in turnover, which has contributed substantially to the significant net loss for the year. Staff redundancies have been made during the year to help reduce future costs for the business.

| The ultimate parent company has expressed its willingness to support the company for a period of 12 months from the approval of the financial statements.

| Accordingly, given such support, the directors have prepared these financial statements on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2024 - 32 ) .

| YZ SYSTEMS LTD (REGISTERED NUMBER: 05263022) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 1,100,000 |  |

| AMORTISATION

| At 1 January 2025 | 256,667 |  |

| Charge for year | 110,000 |  |

| At 31 December 2025 | 366,667 |  |

| NET BOOK VALUE

| At 31 December 2025 | 733,333 |  |

| At 31 December 2024 | 843,333 |  |

5. | TANGIBLE FIXED ASSETS

| Land and |  | Plant and |

| buildings |  | machinery |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 425,296 |  | 78,523 |  | 503,819 |  |

| Additions | 10,383 |  | 84,760 |  | 95,143 |  |

| At 31 December 2025 | 435,679 |  | 163,283 |  | 598,962 |  |

| DEPRECIATION

| At 1 January 2025 | 18,515 |  | 34,832 |  | 53,347 |  |

| Charge for year | 53,295 |  | 25,984 |  | 79,279 |  |

| At 31 December 2025 | 71,810 |  | 60,816 |  | 132,626 |  |

| NET BOOK VALUE

| At 31 December 2025 | 363,869 |  | 102,467 |  | 466,336 |  |

| At 31 December 2024 | 406,781 |  | 43,691 |  | 450,472 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 755,520 |  | 274,372 |  |

| Amounts owed by group undertakings | - |  | 2,546 |  |

| Other debtors | 206,909 |  | 805,685 |  |

| Prepayments and accrued income | 51,652 |  | 68,387 |  |

1,014,081 |  | 1,150,990 |  |

| YZ SYSTEMS LTD (REGISTERED NUMBER: 05263022) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 20,397 |  | - |  |

| Trade creditors | 300,892 |  | 190,859 |  |

| Amounts owed to group undertakings | 5,587,429 |  | 4,451,721 |  |

| Social security and other taxes | 63,554 |  | 34,860 |  |

| VAT | 7,426 |  | 368,380 |  |

| Other creditors | 29,517 |  | 26,046 |  |

| Accruals and deferred income | 140,483 |  | 332,406 |  |

6,149,698 |  | 5,404,272 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 20 | Ordinary | 1 | 20 |  | 20 |  |

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

| The Report of the Auditors was unqualified.

| David Ian Baker FCCA (Senior Statutory Auditor)

| for and on behalf of CFW Accountants LLP

10. | OTHER FINANCIAL COMMITMENTS

| The company had other financial commitments, in the form of operating leases, amounting to £700,000 (2024 £800,000).

11. | ULTIMATE CONTROLLING PARTY

| The immediate parent undertaking is Haskel Europe Ltd whose registered office is North Hylton Road, Sunderland, SR5 3JD.

| The ultimate parent undertaking and controlling party is Ingersoll Rand Inc, a company incorporated in Delaware, USA.

| The results of the company are consolidated into the financial statements of Ingersoll Rand Inc, a company incorporated in Delaware, USA. These financial statement can be obtained on the USA Securities and Exchange Commission website.