REGISTERED NUMBER: 00093766 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 December 2025

for

Leitz Tooling UK Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Income Statement

7

Balance Sheet

8

Notes to the Financial Statements

9

DIRECTORS:

J Koeppel

D Howson

SECRETARY:

D Howson

REGISTERED OFFICE:

Flex Meadow

The Pinnacles

Harlow

Essex

CM19 5TN

REGISTERED NUMBER:

00093766 (England and Wales)

AUDITORS:

Lawrence & Company Accountants Ltd

Statutory Auditor

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

DIVIDENDS

No interim or final dividend was paid. The total distribution of dividends for the year to 31 December 2025 was £.Nil

DIRECTORS

The directors during the year under review were:

SR Liddell

- resigned 31.12.25

J Koeppel

The beneficial interests of the directors holding office on 31 December 2025 in the issued share capital of the company were as follows:

31.12.25

1.1.25

Ordinary £1 shares

SR Liddell

-

-

J Koeppel

-

-

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director 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

The auditors, Lawrence & Company Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D Howson - Director

13 February 2026

Opinion

We have audited the financial statements of Leitz Tooling 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).

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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Our application of materiality

In planning and performing our audit we applied the concept of materiality. An item is material if it could reasonably be expected to change the economic decisions of a user of the financial statements. We used the concept of materiality to both focus our testing and to evaluate the impact of misstatements identified.

Based on our professional judgement, we determined overall materiality for the financial statements as a whole to be £50,000 based on 1% of turnover and 2% of gross assets.

We use a different level of materiality (performance materiality) to determine the extent of our testing for the audit of the financial statements. Performance materiality is set based on the audit materiality as adjusted for the judgements made as to the entity risk and our evaluation of the specific risk of each audit area having regard to the internal control environment.

Where considered appropriate performance materiality may be reduced to a lower level such as, for related party transactions and directors' remuneration.

We agreed with management to report all identified errors in excess of £42,000. Errors below that threshold would also be reported to them if, in our opinion as auditor, disclosure was required on qualitative grounds.

An overview of the scope of our audit

The audit procedures have been carried out solely by Lawrence & Company Accountants Ltd. The audit scope was established during the planning stage and was based around the key matters set out below. The scope included tests of detail and walk through and directional testing.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, 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 Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors 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 Directors.

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 directors' remuneration specified by law are not made; or

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

-	the directors were 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

To identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error; to design and perform audit procedures responsive to those risks; and to obtain audit evidence that is sufficient and appropriate to provide a basis for the auditor's opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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.

Colin Peacock FCCA MAAT (Senior Statutory Auditor)

for and on behalf of Lawrence & Company Accountants Ltd

Statutory Auditor

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

14 February 2026

REVENUE

7,927,616

7,436,753

Cost of sales

2,740,975

2,679,773

GROSS PROFIT

5,186,641

4,756,980

Distribution costs

135,702

136,451

Administrative expenses

5,017,871

4,735,215

5,153,573

4,871,666

OPERATING PROFIT/(LOSS)

4

33,068

(114,686

)

Interest receivable and similar income

-

6,077

33,068

(108,609

)

Interest payable and similar expenses

5

16,450

(113,606

)

PROFIT BEFORE TAXATION

16,618

4,997

Tax on profit

6

(6,885

)

(5,303

)

PROFIT FOR THE FINANCIAL YEAR

23,503

10,300

FIXED ASSETS

Property, plant and equipment

7

1,812,967

2,196,370

CURRENT ASSETS

Inventories

8

515,562

630,934

Debtors

9

1,268,222

945,835

Prepayments and accrued income

95,569

64,922

Cash at bank

514,017

385,446

2,393,370

2,027,137

CREDITORS

Amounts falling due within one year

10

917,986

853,995

NET CURRENT ASSETS

1,475,384

1,173,142

TOTAL ASSETS LESS CURRENT LIABILITIES

3,288,351

3,369,512

CREDITORS

Amounts falling due after more than one year

11

(970,593

)

(1,068,372

)

PROVISIONS FOR LIABILITIES

13

(238,890

)

(196,775

)

NET ASSETS

2,078,868

2,104,365

CAPITAL AND RESERVES

Called up share capital

14

390,000

390,000

Capital redemption reserve

15

15,025

15,025

Retained earnings

15

1,673,843

1,699,340

SHAREHOLDERS' FUNDS

2,078,868

2,104,365

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 Board of Directors and authorised for issue on 13 February 2026 and were signed on its behalf by:

D Howson - Director

1.	STATUTORY INFORMATION

Leitz Tooling 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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Inventories 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 66 (2024 - 64 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2024 - operating loss) is stated after charging:

31.12.25

31.12.24

£

£

Depreciation - owned assets

364,318

330,414

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.25

31.12.24

£

£

Interest payable-

Pension liabilities

-

(3,000

)

Payable on preference shares

-

(127,400

)

Hire purchase

16,450

16,794

16,450

(113,606

)

6.

TAXATION

Analysis of the tax credit

The tax credit on the profit for the year was as follows:

31.12.25

31.12.24

£

£

Deferred tax

(6,885

)

(5,303

)

Tax on profit

(6,885

)

(5,303

)

7.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

1,562,064

4,539,643

307,567

427,079

6,836,353

Additions

-

32,639

24,291

90,194

147,124

Disposals

-

-

-

(56,520

)

(56,520

)

At 31 December 2025

1,562,064

4,572,282

331,858

460,753

6,926,957

DEPRECIATION

At 1 January 2025

946,675

3,179,310

268,446

245,552

4,639,983

Charge for year

365

408,608

23,870

90,584

523,427

Eliminated on disposal

-

-

-

(49,420

)

(49,420

)

At 31 December 2025

947,040

3,587,918

292,316

286,716

5,113,990

NET BOOK VALUE

At 31 December 2025

615,024

984,364

39,542

174,037

1,812,967

At 31 December 2024

615,389

1,360,333

39,121

181,527

2,196,370

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2025

and 31 December 2025

794,036

DEPRECIATION

At 1 January 2025

476,354

Charge for year

159,109

At 31 December 2025

635,463

NET BOOK VALUE

At 31 December 2025

158,573

At 31 December 2024

317,682

8.	INVENTORIES

31.12.25

31.12.24

£

£

Raw materials

79,487

43,060

Finished goods

436,075

587,874

515,562

630,934

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,047,450

945,835

Amounts owed by group undertakings

220,772

-

1,268,222

945,835

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 12)

97,779

142,125

Trade creditors

161,051

68,626

Amounts owed to group undertakings

-

41,043

Social security and other taxes

546,700

522,142

Accruals and deferred income

112,456

80,059

917,986

853,995

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts (see note 12)

60,593

158,372

7% cumulative preference share

910,000

910,000

970,593

1,068,372

12.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

97,779

142,125

Between one and five years

60,593

158,372

158,372

300,497

13.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

238,890

245,775

Pension scheme liability

-

(49,000

)

238,890

196,775

Deferred

tax

£

Balance at 1 January 2025

245,775

Capital allowances timing diff

(6,885

)

Balance at 31 December 2025

238,890

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

390,000

Ordinary

£1

390,000

390,000

15.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2025

1,699,340

15,025

1,714,365

Profit for the year

23,503

23,503

Other recognised gains & losse s relating to the year

(49,000

)

-

(49,000

)

At 31 December 2025

1,673,843

15,025

1,688,868

16.	CAPITAL COMMITMENTS

31.12.25

31.12.24

£

£

Contracted but not provided for in the

financial statements

-

-

17.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken, other than with group undertakings that are required to be disclosed under Financial Reporting Standard 8.

18.	ULTIMATE CONTROLLING PARTY

19.	PENSION COMMITMENTS

(a) The Company operates a defined contribution pension scheme, the Leitz Tooling UK Limited Pension Scheme, for its employees. The assets of the scheme are held separately from those of the company in an individually administered fund. The charge to the Profit and Loss Account amounted to £150,318 (2024 £148,270). There are no unpaid contributions outstanding at the year end.

(b) The Company sponsors the Leitz Tooling UK Limited Pension Fund, a funded defined benefit pension scheme in the UK. The Fund is administered within a Trust, which is legally separate from the Company. Trustees are appointed by both the Company and the Fund's membership and act in the interest of the scheme and all relevant stakeholders, including the members and the Company. The Trustees are also responsible for the investment of the Fund's assets. The fund is a registered fund under UK legislation and is subject to the scheme funding requirements.

The scheme poses a number of risks to the Company, for example longevity risk, investment risk, interest rate risk and inflation risk. The Trustees are aware of these risks and use various techniques to control them. The fund does not expose the company to any unusual fund-specific or company-specific risks.

Contributions to the scheme for the year amounted to £ 72,000 (2024: £171,252). Further employer contributions of £6,000 per month are being made in 2026. The contributions are in line with those stated in the Actuarial Valuation report as at 6 April 2024 to cover ongoing administration costs.

The last formal actuarial valuation of the Scheme was carried out by a qualified independent actuary as at 5 April 2024. The resulting valuation showed a surplus for the Scheme of £306,000 equivalent to a funding level of 106%. Since 31 December 2022 the Scheme has also been shown to be in surplus under IAS19 reporting valuation conditions. The Scheme no longer being in deficit, full IAS19 disclosure is not required in this report.

There are no longer any active members of the Fund.

The number of scheme members by category of membership: 31.12.25 31.12.24

23

25

43

41

-

66

66

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