REGISTERED NUMBER: 03345036 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

MAHA UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N A Ebbs

SECRETARY:

Mr M L Tunmore

REGISTERED OFFICE:

1 Europa Way

Wisbech

Cambridgeshire

PE13 2TZ

REGISTERED NUMBER:

03345036 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Tangible assets

5

315,375

231,088

CURRENT ASSETS

Stocks

1,566,918

950,068

Debtors

6

1,522,357

1,129,731

Cash at bank and in hand

414,038

767,514

3,503,313

2,847,313

CREDITORS

Amounts falling due within one year

7

1,985,181

1,397,311

NET CURRENT ASSETS

1,518,132

1,450,002

TOTAL ASSETS LESS CURRENT LIABILITIES

1,833,507

1,681,090

PROVISIONS FOR LIABILITIES

8

(61,732

)

(36,526

)

ACCRUALS AND DEFERRED INCOME

9

(16,500

)

(17,625

)

NET ASSETS

1,755,275

1,626,939

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

1,705,275

1,576,939

SHAREHOLDERS' FUNDS

1,755,275

1,626,939

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 by the director and authorised for issue on 25th June 2026 and were signed by:

Mr N A Ebbs - Director

1.	STATUTORY INFORMATION

MAHA UK 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually upon delivery.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from service and maintenance is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to when the service or maintenance is carried out.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

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

Freehold property

-

2.5% straight line

Plant and machinery

-

25% straight line

Motor vehicles

-

25% straight line

Computer equipment, furniture and fixtures

-

10 - 25% straight line

All fixed assets are initially recorded at cost.

Stocks

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

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.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 24 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment,

furniture

Freehold

Plant and

Motor

and

property

machinery

vehicles

fixtures

Totals

£

£

£

£

£

COST

At 1st April 2025

355,953

14,929

106,418

53,454

530,754

Additions

-

18,760

83,232

27,688

129,680

Disposals

-

(3,714

)

-

-

(3,714

)

At 31st March 2026

355,953

29,975

189,650

81,142

656,720

DEPRECIATION

At 1st April 2025

169,451

9,184

71,005

50,026

299,666

Charge for year

7,699

5,900

28,419

3,375

45,393

Eliminated on disposal

-

(3,714

)

-

-

(3,714

)

At 31st March 2026

177,150

11,370

99,424

53,401

341,345

NET BOOK VALUE

At 31st March 2026

178,803

18,605

90,226

27,741

315,375

At 31st March 2025

186,502

5,745

35,413

3,428

231,088

Included in cost of land and buildings is freehold land of £ 48,000 (2025 - £ 48,000 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,422,787

1,053,792

Other debtors

99,570

75,939

1,522,357

1,129,731

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Payments on account

63,746

93,058

Trade creditors

263,864

42,659

Amounts owed to group undertakings

333,333

39,429

Taxation and social security

518,766

586,143

Other creditors

805,472

636,022

1,985,181

1,397,311

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

8,395

-

Other provisions

53,337

36,526

61,732

36,526

Deferred

Warranty

tax

provision

£

£

Balance at 1st April 2025

(2,713

)

36,526

Charge to Income Statement during year

11,108

16,811

Balance at 31st March 2026

8,395

53,337

The deferred tax asset at 31st March 2026 of £nil (2025: £2,713) is recognised within other debtors.

9.	ACCRUALS AND DEFERRED INCOME

2026

2025

£

£

Deferred government grants

16,500

17,625

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

50,000

Ordinary

£1

50,000

50,000

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

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

12.	FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £223,715 (2025: £131,722).

This amount is in relation to operating lease commitments which are payable over the next one to four years.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

14.	CONTROLLING PARTIES

The parent undertaking of the smallest group for which group accounts are prepared is MAHA SE & Co. KG registered at Hoyen 20, 87490 Haldenwang, Germany.

The ultimate holding company is MAHA Group SE, a body corporate incorporated in Germany.