REGISTERED NUMBER: 00831050 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MATISA(U.K.)LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Milner

M Stupar

REGISTERED OFFICE:

Matisa Hq

Dawes Lane

Scunthorpe

DN15 6UW

REGISTERED NUMBER:

00831050 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

321,843

180,183

CURRENT ASSETS

Stocks

1,655,444

1,498,781

Debtors

5

568,325

829,173

Investments

6

-

1,200,000

Cash at bank

2,067,564

3,413,072

4,291,333

6,941,026

CREDITORS

Amounts falling due within one year

7

1,336,236

797,112

NET CURRENT ASSETS

2,955,097

6,143,914

TOTAL ASSETS LESS CURRENT LIABILITIES

3,276,940

6,324,097

PROVISIONS FOR LIABILITIES

27,970

6,673

NET ASSETS

3,248,970

6,317,424

CAPITAL AND RESERVES

Called up share capital

9

280,680

280,680

Retained earnings

2,968,290

6,036,744

SHAREHOLDERS' FUNDS

3,248,970

6,317,424

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 Board of Directors and authorised for issue on 3 March 2026 and were signed on its behalf by:

P Milner - Director

1.	STATUTORY INFORMATION

Matisa(U.K.)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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of maintenance services for machines and related parts 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.

Contract revenue recognition

In respect of long term contracts, revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably.

In respect of long term contracts where a contract has been entered into for the manufacture of a single asset, the "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing the costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recovered.

Sale of machinery and parts

Commissions for machines and part sales, the revenue is recognised when the sale is invoiced by the company supplying the goods and risk and rewards have been transferred in full to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold Property

Period of the lease

Plant & Machinery

15% reducing balance

Motor Vehicles

20% straight line

Computer Equipment

33% straight line

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price less costs to completion, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the weighted average method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, either as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 January 2025

200,001

307,133

507,134

Additions

-

197,910

197,910

Disposals

-

(74,014

)

(74,014

)

At 31 December 2025

200,001

431,029

631,030

DEPRECIATION

At 1 January 2025

131,433

195,518

326,951

Charge for year

5,718

44,056

49,774

Eliminated on disposal

-

(67,538

)

(67,538

)

At 31 December 2025

137,151

172,036

309,187

NET BOOK VALUE

At 31 December 2025

62,850

258,993

321,843

At 31 December 2024

68,568

111,615

180,183

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

405,206

701,197

Amounts owed by group undertakings

15,165

19,365

Prepayments and accrued income

147,954

108,611

568,325

829,173

6.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Short term deposits

-

1,200,000

The investment was a short term treasury agreement with Matisa Materiel Industriel SA.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Payments on account

52,066

52,066

Trade creditors

20,410

60,836

Amounts owed to group undertakings

327,145

128,033

Corporation tax

347,369

172,426

Social security and other taxes

21,622

24,502

VAT

139,684

45,328

Other creditors

1,380

1,380

Accruals and deferred income

426,560

312,541

1,336,236

797,112

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

45,367

48,700

Between one and five years

34,800

71,467

In more than five years

54,375

63,075

134,542

183,242

The amount of non-cancellable operating lease payments recognised as an expense during the year was £48,700 (2024: £48,700) The amounts due are in regards to property rental.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

280,680

Ordinary

£1

280,680

280,680

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

The Report of the Auditors was unqualified.

Scott Mell (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	PARENT COMPANY

The parent company is Matisa Materiel Industriel S.A., a company registered in Switzerland.

Matisa Materiel Industriel S.A. prepares group financial statements and copies can be obtained from its registered office at Boulevard de l'Arc-en-ciel 25, 1023 crissier, Switzerland.

The ultimate controlling party is Plasser & Theurer Beteiligungs & Finanzierungs AG, a company registered in Liechtenstein.

The parent company is also the parent undertaking of the smallest and largest group to consolidate these financial statements.