REGISTERED NUMBER: 01775369 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HANSA-FLEX UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G Sturm

SECRETARIES:

Mrs S Diers

Mrs H Grazei

Mr A Harling

REGISTERED OFFICE:

Unit 11, Set Star Estate

Transport Avenue

Brentford

Middlesex

TW8 9HF

REGISTERED NUMBER:

01775369 (England and Wales)

AUDITORS:

TC Group

10 Bridge Street

Christchurch

Dorset

BH23 1EF

BANKERS:

Barclays Bank plc

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

6

247,503

119,068

CURRENT ASSETS

Stocks

7

630,490

538,230

Debtors

8

695,127

798,642

Cash at bank and in hand

149,171

277,518

1,474,788

1,614,390

CREDITORS

Amounts falling due within one year

9

3,930,932

3,168,027

NET CURRENT LIABILITIES

(2,456,144

)

(1,553,637

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,208,641

)

(1,434,569

)

CREDITORS

Amounts falling due after more than one year

10

-

5,833

NET LIABILITIES

(2,208,641

)

(1,440,402

)

CAPITAL AND RESERVES

Called up share capital

11

300,000

300,000

Retained earnings

(2,508,641

)

(1,740,402

)

SHAREHOLDERS' FUNDS

(2,208,641

)

(1,440,402

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2026 and were signed by:

Mr G Sturm - Director

1.	STATUTORY INFORMATION

Hansa-Flex UK Ltd 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.

Going concern

At 31 December 2025, the company had net liabilities and had incurred trading losses to date. The company is therefore reliant upon the continued financial support provided by Hansa-Flex International GmbH and director, Mr G Sturm, such support having been confirmed for a period of not less than 12 months from the date of approval of these financial statements.

Significant judgements and estimates

In the application of the Company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. There are no areas that are considered to be key areas of judgement or estimation uncertainty.

Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which is 5 years.

Tangible fixed assets

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

Plant and machinery

-

4-8 years

Fixtures, fittings and equipment

-

5-10 years

Motor vehicles

-

6 years

Assets held under finance leases are depreciated in the same way as owned assets.

At the balance sheet date, the Company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production and/or purchase costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Debtors

Short term debtors are measured at the transaction price, less any provisions for amounts considered irrecoverable.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance lease are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss accounts so as to produce a constant rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remains with the lessor are charged to the profit and loss account on a straight line basis.

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.

Revenue rocognition

Revenue is measure at the fair value of the consideration received or receivable after the deduction of trade discounts and value added tax. Revenue is reduced for estimated customer returns, rebates and other similar allowances were required.

Revenue from the sale of goods and services is recognised when those goods and services are delivered and legal title has passed.

Government grants

Government grants shall be recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises as expenses the related costs for which the grants are intended to compensate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

5.	AUDITORS' REMUNERATION

2025

2024

£

£

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

5,950

5,950

6.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

151,522

90,114

248,800

490,436

Additions

149,177

7,915

41,856

198,948

Disposals

-

(1,963

)

(54,369

)

(56,332

)

At 31 December 2025

300,699

96,066

236,287

633,052

DEPRECIATION

At 1 January 2025

87,558

50,441

233,369

371,368

Charge for year

47,121

12,405

10,415

69,941

Eliminated on disposal

-

(1,963

)

(53,797

)

(55,760

)

At 31 December 2025

134,679

60,883

189,987

385,549

NET BOOK VALUE

At 31 December 2025

166,020

35,183

46,300

247,503

At 31 December 2024

63,964

39,673

15,431

119,068

7.

STOCKS

2025

2024

£

£

Finished goods and goods for resale

630,490

538,230

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

528,754

685,873

Amounts owed by group undertakings

27,567

16,405

Other debtors

90,025

47,787

Prepayments and accrued income

48,781

48,577

695,127

798,642

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,834

10,000

Trade creditors

133,077

146,866

Amounts owed to group undertakings

3,678,368

2,869,948

Social security and other taxes

18,658

21,720

VAT

8,884

71,233

Other creditors

-

200

Accruals and deferred income

86,111

48,060

3,930,932

3,168,027

The finance leases are secured on the assets concerned.

Bank loans represent a "Bounce-back loan" provided unsecured by Barclays Bank plc for a term of 6 years, of which the first 12 months are interest free (2.5% per annum interest charged thereafter).

Amounts owed to group undertakings are unsecured and accrue interest at rates between 4-6%.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,833

Bank loans represent a "Bounce-back loan" provided unsecured by Barclays Bank plc for a term of 6 years, of which the first 12 months are interest free (2.5% per annum interest charged thereafter).

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

300,000

Ordinary

£1

300,000

300,000

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

The Report of the Auditors was unqualified.

Mr I M Rodd BSc FCA FCCA (Senior Statutory Auditor)

for and on behalf of TC Group

13.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Hansa-Flex Hydraulics UK Limited, a private company limited by shares and incorporated in England and Wales.

The ultimate parent company Hansa-Flex AG, a private company limited by shares and incorporated in Germany, draws up consolidated financial statements for the Group, of which Hansa-Flex UK Limited is a part.

The controlling parties of the company are Mr G Sturm, a director of the company by virtue of his shareholding in Hansa-Flex Hydraulics UK Limited and Mr T J C Armerding by virtue of his shareholdings in the parent companies of the Hansa-Flex Group.

14.	LEASING AGREEMENTS

2025

2024

£

£

Within one year

143,990

135,000

Between one and five years

97,721

164,488

241,711

299,488