REGISTERED NUMBER: 07918182 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

LUTEC (UK) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G M Burke

H Wang

F Yi

L T Basnett

REGISTERED OFFICE:

Unit 1 Crawley Crossing

Bedford Road

Husborne Crawley

MK43 0UT

REGISTERED NUMBER:

07918182 (England and Wales)

ACCOUNTANTS:

Camfield Chapman Lowe

9a High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

FIXED ASSETS

Tangible assets

4

1,817

2,211

CURRENT ASSETS

Stocks

1,275,261

599,560

Debtors

5

787,272

436,992

Cash at bank and in hand

232,447

451,499

2,294,980

1,488,051

CREDITORS

Amounts falling due within one year

6

2,285,440

1,461,722

NET CURRENT ASSETS

9,540

26,329

TOTAL ASSETS LESS CURRENT LIABILITIES

11,357

28,540

PROVISIONS FOR LIABILITIES

-

315

NET ASSETS

11,357

28,225

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

11,257

28,125

11,357

28,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 11th September 2026 and were signed on its behalf by:

L T Basnett - Director

1.	STATUTORY INFORMATION

Lutec (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.

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, 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.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2025

129,612

Additions

133

At 31st December 2025

129,745

DEPRECIATION

At 1st January 2025

127,401

Charge for year

527

At 31st December 2025

127,928

NET BOOK VALUE

At 31st December 2025

1,817

At 31st December 2024

2,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

713,068

357,838

Other debtors

74,204

79,154

787,272

436,992

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

31,436

23,471

Amounts owed to group undertakings

1,523,149

828,043

Taxation and social security

135,050

95,257

Other creditors

595,805

514,951

2,285,440

1,461,722

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

-

9,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the directors loan was repaid in full. (31 December 2024 £476). Loans are interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year the company purchased goods totalling £362,174 from Lutec Europe NE, their immediate parent company on an arms length basis. At the Balance Sheet date Lutec (UK) Limited owed the company £99,993. Goods totalling £2,262,697 were purchased from Ningbo Utec Electric Co. Ltd, which in the director's opinion is the ultimate parent company. At the Balance Sheet date Lutec (UK) LImited owed Ningbo Utec Electric Co £1,423,156.

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Lutec Europe NV, which is incorporated in Belgium. In the director's opinion the company's ultimate parent company is Ningbo Utec Electric Co Ltd, a company registered in China, whose registered office address is CN8, Far-East, Industry Park, Yuyao, 315400, Zhejiang, China. These accounts are consolidated within the group accounts of the ultimate parent company.

The ultimate controlling party is Mr. Yi.