Hubtex (UK) Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—6

1. General Information

Hubtex (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03865295 . The registered office is 5 Midbrook Court, Blakelands, Milton Keynes, Buckinghamshire, MK14 5FH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

Presentational currency

The accounts are presented in £ Sterling.

2.2. Significant judgements and estimations

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. Estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

In preparing these financial statements, the directors have made the following judgements:

Determination as to whether the company’s tangible and intangible assets indicate impairment. Decisions are made based on considering factors such as the economic viability and expected future financial performance of the asset.

Determination as to whether the company’s stocks (inventory) indicate impairment. Decisions are made based on considering the age, condition, and net realisable value of stock held.

Other key sources of estimation uncertainty

Stocks (inventory) are valued at the lower of cost and net realisable value. The assessment of net realisable value requires estimates to be made of future selling prices, demand, and the condition of stock, and may vary depending on changes in market conditions.

Property, plant and equipment are depreciated over their useful lives. The useful lives are assessed annually and may vary depending on factors such as technological innovation, product life cycles, and maintenance programmes.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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Hubtex (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Over the period of the lease
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

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.

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

2.6. Stocks and Work in Progress

Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

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Hubtex (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.10. Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 15)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2025	7,794	1,552,305	201,884	93,515
Additions	-	312,013	31,145	-
Disposals	-	(49,800 )	-	-

As at 31 December 2025	7,794	1,814,518	233,029	93,515

Depreciation
As at 1 January 2025	7,794	644,078	82,214	81,408
Provided during the period	-	194,203	34,467	3,024
Disposals	-	(33,007 )	-	-

As at 31 December 2025	7,794	805,274	116,681	84,432

Net Book Value
As at 31 December 2025	-	1,009,244	116,348	9,083

As at 1 January 2025	-	908,227	119,670	12,107


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2025	32,546	1,888,044
Additions	726	343,884
Disposals	-	(49,800 )

As at 31 December 2025	33,272	2,182,128

Depreciation
As at 1 January 2025	20,531	836,025
Provided during the period	3,031	234,725
Disposals	-	(33,007 )

As at 31 December 2025	23,562	1,037,743

Net Book Value
As at 31 December 2025	9,710	1,144,385

As at 1 January 2025	12,015	1,052,019

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Hubtex (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,016,182	2,592,089
Prepayments and accrued income	56,054	255,245
Other debtors	1,679	-

	1,073,915	2,847,334

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	71,011	356,562
Corporation tax	76,667	124,038
Other taxes and social security	24,815	19,973
VAT	248,240	505,709
Net wages	189	-
Accruals and deferred income	143,641	148,808
Amounts owed to group companies	495,336	1,484,598

	1,059,899	2,639,688

7. Other Commitments

At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:

	2025	2024
	£	£
Not later than one year	29,452	55,562
Later than one year and not later than five years	59,167	55,799

	88,619	111,361

8. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 33.1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with entities which are wholly owned within the group that the Company belongs to.

9. Controlling Party

The company was under the control of Hubtex Maschinenbau GmbH & Co. KG during the year.

Hubtex Maschinenbau GmbH & Co. KG is a wholly owned subsidiary of Hubtex Holding GmbH which is the ultimate controlling entity. Hubtex Holding GmbH is a company incorporated in Germany, a copy of the financial statements are available at:

Hubtex Maschinenbau GmbH & Co. KG

INDUSTRIEPARK west

Werner-von-Siemens-Straße. 8

36041 Fulda

Germany

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Hubtex (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Audit Information

The auditor's report on the accounts of Hubtex (UK) Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Amy Claire Hancock (Senior Statutory Auditor) for and on behalf of Hancock & Hastings Limited , Statutory Auditor.

Hancock & Hastings Limited

Office 2, Ashton Square Business Centre

22 Ashton Square

Bedfordshire

LU6 3SN

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,144,385		1,052,019

			1,144,385		1,052,019
CURRENT ASSETS
Stocks		411,442		466,757
Debtors	5	1,073,915		2,847,334
Cash at bank and in hand		580,415		529,468

		2,065,772		3,843,559
Creditors: Amounts Falling Due Within One Year	6	(1,059,899 )		(2,639,688 )

NET CURRENT ASSETS (LIABILITIES)			1,005,873		1,203,871

TOTAL ASSETS LESS CURRENT LIABILITIES			2,150,258		2,255,890

PROVISIONS FOR LIABILITIES
Deferred Taxation			(284,144 )		(260,932 )

NET ASSETS			1,866,114		1,994,958

CAPITAL AND RESERVES
Called up share capital			10,000		10,000
Income Statement			1,856,114		1,984,958

SHAREHOLDERS' FUNDS			1,866,114		1,994,958