Oxea UK Limited - Limited company accounts 25.1

REGISTERED NUMBER: 06039570 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

OXEA UK LIMITED

TRADING AS

OQ CHEMICALS UK LTD

Page

Company information

1

Report of the director

2

Report of the independent auditors

4

Income statement

7

Balance sheet

8

Notes to the financial statements

9

DIRECTOR:

B Kuhl

REGISTERED OFFICE:

1-2 Craven Road

Ealing

W5 2UA

BUSINESS ADDRESS:

4 Hill House

Hill House Drive

Reigate

Surrey

RH2 8BH

REGISTERED NUMBER:

06039570 (England and Wales)

AUDITORS:

Johnsons Chartered Accountants

Statutory Auditor

1-2 Craven Road

Ealing

London

W5 2UA

The director presents his report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of agents for the supply of chemical products.

DIRECTORS

The directors who have held office during the period from 1 January 2025 to the date of this report are as follows:

H-P Imkamp - appointed 13 May 2025

E C Geissinger - resigned 8 April 2025

H J Ziems - resigned 8 April 2025

J R L Clarke - appointed 8 April 2025 - resigned 13 May 2025

D Fischer - appointed 13 May 2025

C E Mack - appointed 8 April 2025 - resigned 13 May 2025

B Kuhl was appointed as a director after 31 December 2025 but prior to the date of this report.

H-P Imkamp and D Fischer ceased to be directors after 31 December 2025 but prior to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the director 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 then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	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. 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

Pursuant to a shareholders' resolution, the company is not obliged to reappoint its auditors annually and Johnsons will therefore continue in office.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

B Kuhl - Director

29 July 2026

Opinion

We have audited the financial statements of Oxea UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice) including the provisions of Section 1A "Small Entities".

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Report of the director, but does not include the financial statements and our Report of the auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the director has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic report or in preparing the Report of the director.

Responsibilities of director

As explained more fully in the Statement of director's responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identification and assessment of potential risks

In identifying and assessing potential risks related to irregularities in identifying and assessing risks of material

misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we conducted:

-

Discussions with those charged with governance and those who review the company's internal ethics and
compliance reporting summaries, including those concerning investigations;

-

Enquiries of management, including obtaining and reviewing supporting documentation, concerning the
company's material policies and procedures relating to identifying, evaluating and complying with laws and
regulations and whether they were aware of any instances of non-compliance relating to the detecting and
responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and
the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

-

Our review of the company's remuneration policies, and key drivers for remuneration and bonus levels;

-

Our review of any material transactions with related parties and key individuals; and

-

Discussions among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud. The engagement team includes the Audit Director and staff
who have extensive experience of working with companies in the same sectors as the company, and this
experience was relevant to the discussion about where fraud risks may arise.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jack Borg-Delaney FCCA (Senior Statutory Auditor)

for and on behalf of Johnsons Chartered Accountants

Statutory Auditor

1-2 Craven Road

Ealing

London

W5 2UA

30 July 2026

TURNOVER

141,562

141,117

Administrative expenses

134,855

134,605

OPERATING PROFIT

6,707

6,512

Interest receivable and similar income

-

207

PROFIT BEFORE TAXATION

6,707

6,719

Tax on profit

1,605

1,005

PROFIT FOR THE FINANCIAL YEAR

5,102

5,714

CURRENT ASSETS

Debtors

5

16,308

18,532

Cash at bank

83,836

75,937

100,144

94,469

CREDITORS

Amounts falling due within one year

6

(15,385

)

(14,812

)

NET CURRENT ASSETS

84,759

79,657

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,759

79,657

CAPITAL AND RESERVES

Called up share capital

2

Share premium

67,239

Retained earnings

17,518

12,416

SHAREHOLDERS' FUNDS

84,759

79,657

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29 July 2026 and were signed by:

B Kuhl - Director

1.	STATUTORY INFORMATION

Oxea 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.

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 is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes.

GOING

CONCERN

In adopting the going concern basis in the preparation of the consolidated financial statements, the directors have considered the current trading performance, financial position and liquidity of the company, the principal risks and uncertainties together with scenario planning and stress testing completed for a period of no less than 12 months from the approval of these financial statements.

Part of the company’s approach in preparing a detailed cash flow forecast was to make enquiries with management, review budgets and consider development and other commitments and legal obligations over the forecast period.

Conclusion on going concern

After reviewing the forecast period, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The company has a healthy position, with a net current asset and net asset position of $85k (2024: $80k) as at 31 December 2025. The company has a strong history of profit generation, which continued in 2026 and is forecast to continue. The company has a consulting service agreement with Oxea Holding GmbH to which it recharges all its operating costs plus a 5% mark up. The agreement continues indefinitely. The company therefore continues to adopt the going concern basis in preparing its consolidated financial statements.

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expenses recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

generates income

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 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 1 (2024 - 1 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

Fees payable to the company's auditors for the audit of the company's
financial statements

5,600

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Receivable from group company

15,958

15,535

VAT

59

Prepayments

291

2,938

16,308

18,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Payable to group companies

5,933

4,783

Taxation

2,610

1,005

Social security and other taxes

393

2,799

Other creditors

649

625

Accrued expenses

5,800

5,600

15,385

14,812

7.	RELATED PARTY DISCLOSURES

During the year the company supplied services totalling £141,562 (2024: £141,117) to a group company Oxea Holding GmbH. The amount due from Oxea Holding GmbH at 31 December 2025 is £15,957.85 (2024: £15,534.65).

During the year the company was supplied with services totalling £14,313.16 (2024: £15,921.77) by a group company Oxea International Holding GmbH. The amount due to Oxea International Holding GmbH at 31 December 2025 is £5,933.38 (2024: £4,783.07).

8.	PARENT COMPANY

Oxea International Holding GmbH is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The company is incorporated in Germany with registered office at Rheinpromenade 4a, 40789 Monheim am Rhein.