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COMPANY REGISTRATION NUMBER: 02969829

Iwis Drive Systems Limited

Filleted Financial Statements

31 December 2025

Iwis Drive Systems Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 5,489 | 4,543

Current assets

Stocks | 435,482 | 463,745
Debtors | 6 | 346,813 | 474,926
Cash at bank and in hand | 596,536 | 453,237
| ----------- | -----------
| 1,378,831 | 1,391,908

Creditors: amounts falling due within one year | 7 | 155,923 | 167,070
| ----------- | -----------
Net current assets | 1,222,908 | 1,224,838
| ----------- | -----------
Total assets less current liabilities | 1,228,397 | 1,229,381

Provisions | 1,227 | –
| ----------- | -----------
Net assets | 1,227,170 | 1,229,381
| ----------- | -----------

Capital and reserves

Called up share capital | 8 | 204,082 | 204,082
Share premium account | 806,004 | 806,004
Profit and loss account | 217,084 | 219,295
| ----------- | -----------
Shareholders funds | 1,227,170 | 1,229,381
| ----------- | -----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Iwis Drive Systems Limited

Statement of Financial Position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 13 February 2026 , and are signed on behalf of the board by:

Mr N Hirsch | Dr F Mitzschke
Director | Director

Mr A Potdar |
Director |

Company registration number: 02969829

Iwis Drive Systems Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8c Bloomfield Park, Bloomfield Road, Tipton, West Midlands, DY4 9AP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Short leasehold property | - | In accordance with the property
| Plant and machinery | - | Over the useful life of the asset (3-8 years)
| Fixtures and fittings | - | Over the useful life of the asset (3-8 years)

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured 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 the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 10 ).
5. Tangible assets

| Short leasehold property | Plant and machinery | Fixtures and fittings | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 January 2025 | 15,906 | 23,938 | 19,340 | 59,184
Additions | – | – | 3,997 | 3,997
| ------- | ------- | ------- | -------
At 31 December 2025 | 15,906 | 23,938 | 23,337 | 63,181
| ------- | ------- | ------- | -------
Depreciation |  |  |  |
At 1 January 2025 | 14,687 | 22,575 | 17,379 | 54,641
Charge for the year | 636 | 629 | 1,786 | 3,051
| ------- | ------- | ------- | -------
At 31 December 2025 | 15,323 | 23,204 | 19,165 | 57,692
| ------- | ------- | ------- | -------
Carrying amount |  |  |  |
At 31 December 2025 | 583 | 734 | 4,172 | 5,489
| ------- | ------- | ------- | -------
At 31 December 2024 | 1,219 | 1,363 | 1,961 | 4,543
| ------- | ------- | ------- | -------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 291,126 | 440,212
Amounts owed by group undertakings | 37,539 | 5,048
Prepayments and accrued income | 18,148 | 29,666
| -------- | --------
| 346,813 | 474,926
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 16,182 | 25,299
Amounts owed to group undertakings | 33,317 | 48,006
Accruals and deferred income | 31,400 | 23,200
Corporation tax | 29,839 | –
Social security and other taxes | 45,185 | 70,565
| -------- | --------
| 155,923 | 167,070
| -------- | --------

8. Called up share capital
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 204,082 | 204,082 | 204,082 | 204,082
| -------- | -------- | -------- | --------

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 204,082 | 204,082 | 204,082 | 204,082
| -------- | -------- | -------- | --------

9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 93,720 | 89,090
Later than 1 year and not later than 5 years | 50,055 | 125,041
| -------- | --------
| 143,775 | 214,131
| -------- | --------

10. Summary audit opinion
The auditor's report dated 13 February 2026 was unqualified .
The senior statutory auditor was Christopher Goldie BSc ACA , for and on behalf of Chartwells Accountants Limited .
11. Related party transactions
At the year end Iwis Drive Systems Limited owed £6,263 (2024: £7,872) to Iwis SE & Co. KG At the year end Iwis Drive Systems Limited was owed £37,539 (2024: £1,331 owed to) from Iwis Drive Systems LLC, USA. At the year end Iwis Drive Systems Limited owed £2,345 (2024: £4,529) to Iwis Antriebssysteme GmbH, WILN. At the year end Iwis Drive Systems Limited owed £19,734 (2024: £13,484) to Iwis Antriebssysteme GmbH & Co. KG, MUC. At the year end Iwis Drive Systems Limited owed £4,974 (2024: £20,790) to Iwis Mobility Systems GmbH & Co. KG. At the year end Iwis Drive Systems Limited was owed £0 (2024: £5) from Iwis Drive Systems India Pvt. Ltd. At the year end Iwis Drive Systems Limited was owed £0 (2024: £5,043) from IWIS Korea Co., Ltd As a wholly owned subsidiary of Iwis SE & Co. KG, the company has taken advantage of the exemption under FRS102 33.1A for the requirement to disclose transactions between it and other wholly owned group companies.
12. Controlling party
The ultimate controlling party of Iwis Drive Systems Limited is IWIS SE & Co. KG. A company incorporated in Germany. Group financial statements are prepared and are available from: Albert-Roßhaupter-Str. 53 81369 Munich