REGISTERED NUMBER: 01507063 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GIRO ENGINEERING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Congdon

M A Gromer

J S Stent

J P Tarleton

REGISTERED OFFICE:

Talisman Business Centre

Duncan Road

Park Gate

Southampton

Hampshire

SO31 7GA

REGISTERED NUMBER:

01507063 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jemma Hoggard FCA

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

FIXED ASSETS

Tangible assets

4

557,567

295,871

Investments

5

-

-

557,567

295,871

CURRENT ASSETS

Stocks

533,395

403,728

Debtors

6

2,916,614

2,973,665

Cash at bank

1,044,115

978,641

4,494,124

4,356,034

CREDITORS

Amounts falling due within one year

348,909

221,792

NET CURRENT ASSETS

4,145,215

4,134,242

TOTAL ASSETS LESS CURRENT LIABILITIES

4,702,782

4,430,113

CREDITORS

Amounts falling due after more than one year

(115,003

)

(21,922

)

PROVISIONS FOR LIABILITIES

(136,932

)

(71,628

)

NET ASSETS

4,450,847

4,336,563

CAPITAL AND RESERVES

Called up share capital

1,735

1,735

Share premium

83,772

83,772

Capital redemption reserve

1,280

1,280

Retained earnings

4,364,060

4,249,776

4,450,847

4,336,563

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 Statement of Income and Retained Earnings and 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

J S Stent - Director

J P Tarleton - Director

M A Gromer - Director

M E Congdon - Director

1.	STATUTORY INFORMATION

Giro Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

1,427,381

Additions

362,994

Disposals

(72,658

)

At 31 December 2025

1,717,717

DEPRECIATION

At 1 January 2025

1,131,510

Charge for year

95,084

Eliminated on disposal

(66,444

)

At 31 December 2025

1,160,150

NET BOOK VALUE

At 31 December 2025

557,567

At 31 December 2024

295,871

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2025

and 31 December 2025

50,000

PROVISIONS

At 1 January 2025

and 31 December 2025

50,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

2,130,582

2,130,582

7.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

13,797

41,391

Between one and five years

-

13,797

13,797

55,188

Operating lease commitments at the year end amounted to £10,478 (2024: £55,653).

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

13,797

55,188

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

The Report of the Auditors was unqualified.

Jemma Hoggard FCA (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

10.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

73,763

237,728

11.	ULTIMATE PARENT COMPANY

The company's ultimate parent company which draws up consolidated financial statements is Heinzmann Holding GmbH. This company is incorporated in Germany and the registered office is Am Haselbach, 79677 Schönau, Germany.