Registration number: 00942977

Kobo (UK) Limited

Contents

Company Information	1
Statement of Director's Responsibilities	2
Balance Sheet	3
Notes to the Financial Statements	4 to 8

Kobo (UK) Limited

Company Information

Director	Mr C McDonald

Company secretary

Mr C McDonald

Registered office

Ketten House Leestone Road Sharston Industrial Area Manchester M22 4RB

Auditors

Rödl & Partner Limited 170 Edmund Street Birmingham B3 2HB

Kobo (UK) Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is 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 director is required to:

•	select suitable accounting policies and 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; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 enable him to ensure that the financial statements comply with the Companies Act 2006 and FRS 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland". He is 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.

Kobo (UK) Limited

(Registration number: 00942977)
Balance Sheet as at 31 December 2025

	Note	2025 £	(As restated) 2024 £
Non-current assets
Tangible assets	5	33,986	41,500
Current assets
Stock	6	1,859,597	1,882,989
Debtors	7	1,658,777	1,915,880
Cash at bank and in hand		1,271,224	804,038
		4,789,598	4,602,907
Creditors: Amounts falling due within one year	8	(749,306)	(772,710)
Net current assets		4,040,292	3,830,197
Total assets less current liabilities		4,074,278	3,871,697
Provisions for liabilities		(8,067)	(9,851)
Net assets		4,066,211	3,861,846
Capital and reserves
Called up share capital	9	150,000	150,000
Share premium reserve		275,000	275,000
Retained earnings		3,641,211	3,436,846
Total equity		4,066,211	3,861,846

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 July 2026
 

......................................... Mr C McDonald Director

Kobo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ketten House
Leestone Road
Sharston Industrial Area
Manchester
M22 4RB

Principal activity

The principal activity of the company is the distribution of transmission and conveying equipment.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency used to prepare the financial statements is Sterling (£) and the amounts have been rounded to the nearest £1.

Going concern

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

Reclassification of comparative amounts

A reclassification of balances has been made to the balance sheet in 2024. The prior period reclassification is as follows:

Deferred tax liability within current liabilities has decreased from £9,851 to £nil.
Provision for liabilities has increased from £nil to £9,851.

This reclassification has no impact on the entity’s net assets or profit for the year.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transactions. All differences are taken to the Statement of Income and Retained Earnings.

Kobo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost less residual value of each asset over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Warehouse assets	5 years - straight line
Office equipment	10% - 50% straight line
Fixtures and fittings	33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost (AVCO) method.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in Statement of income and retained earnings.

Kobo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2024 - 21).

4	Auditors' liability limitation

The company has entered into a liability limitation agreement with the company’s auditor which was approved on 17th March 2026. The principal terms of the agreement are fair and reasonable.

5	Tangible assets

	Warehouse assets £	Fixtures and fittings £	Office equipment £	Total £
Cost
At 1 January 2025	168,628	19,987	79,864	268,479
Additions	7,550	-	-	7,550
Disposals	(3,600)	-	-	(3,600)
At 31 December 2025	172,578	19,987	79,864	272,429
Depreciation
At 1 January 2025	145,190	18,829	62,960	226,979
Charge for the year	8,407	433	6,224	15,064
Eliminated on disposal	(3,600)	-	-	(3,600)
At 31 December 2025	149,997	19,262	69,184	238,443
Carrying amount
At 31 December 2025	22,581	725	10,680	33,986
At 31 December 2024	23,438	1,158	16,904	41,500

Kobo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

6

Stocks

	2025  £	2024  £
Finished goods and goods for resale	1,859,597	1,882,989

7

Debtors

Due within one year	Note	2025  £	2024  £
Trade debtors		907,671	949,081
Amounts owed by group undertakings	10	675,000	892,429
Other debtors		76,106	74,370
		1,658,777	1,915,880

8

Creditors

Due within one year	Note	2025  £	(As restated) 2024  £
Trade creditors		200,028	229,077
Amounts owed to group undertakings	10	190,788	167,773
Corporation tax liabilities		34,480	83,182
Taxation and social security		192,443	167,776
Other creditors		131,567	124,902
		749,306	772,710

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	150,000	150,000	150,000	150,000

Kobo (UK) Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

10	Related party transactions

During the year, Kobo (UK) Limited traded with companies that are related due to common shareholding, on an arm's length basis as follows:
 

2025	Sales	Purchases	Loan issued	Debtor	Creditor
Kobo Donghua GmbH + Co KG	-	1,071,552	675,000	-	10,491
BEA Ingranaggi SPA	-	73,025	-	-	4,446
Donghua Hangzhou	-	542,855	-	-	175,851

2024:	Sales	Purchases	Loan issued	Debtor	Creditor
Kobo Donghua GmbH + Co KG	-	974,111	875,000	17,429	63,899
BEA Ingranaggi SPA	-	73,248	-	-	8,528
Donghua Hangzhou	-	553,399	-	-	95,346

11	Parent and ultimate parent undertaking

The company's immediate parent is Kobo Beteiligungsgesellschaft, incorporated in Germany.

 The ultimate parent is Hangzhou Donghua Chain Group Co. Limited, incorporated in China.

 The ultimate controlling party is Mr X Bihua.

12	Auditor's information

As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 6 July 2026 was Faisal Khalid, who signed for and on behalf of Rödl & Partner Limited.