Company No: 10487467 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Juergen Decker
	Thomas Reil (Resigned 20 August 2026)

SECRETARY

Vistra Company Secretaries Limited

REGISTERED OFFICE	Suite 1
	7th Floor 50 Broadway
	London
	SW1H 0BL
	United Kingdom

COMPANY NUMBER

10487467 (England and Wales)

AUDITOR	Tuerner Audit Limited
	Statutory Auditor
	Bridge House
	Old Grantham Road
	Whatton
	Nottingham
	NG13 9FG

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	0		1,167
Tangible assets	4	20,406		38,809
		20,406		39,976
Current assets
Stocks	5	99,139		86,612
Debtors
- due within one year	6	89,805		61,577
- due after more than one year	6	0		61,330
Cash at bank and in hand		33,110		26,285
		222,054		235,804
Creditors: amounts falling due within one year	7	( 3,008,697)		( 88,436)
Net current (liabilities)/assets		(2,786,643)		147,368
Total assets less current liabilities		(2,766,237)		187,344
Creditors: amounts falling due after more than one year	8	0		( 2,760,204)
Net liabilities		( 2,766,237)		( 2,572,860)
Capital and reserves
Called-up share capital	9	250,000		250,000
Profit and loss account		( 3,016,237 )		( 2,822,860 )
Total shareholder's deficit		( 2,766,237)		( 2,572,860)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Miha Bodytec EMS UK Ltd (registered number: 10487467) were approved and authorised for issue by the Director on 18 September 2026. They were signed on its behalf by:

Juergen Decker Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Miha Bodytec EMS UK Ltd (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Suite 1, 7th Floor 50 Broadway, London, SW1H 0BL, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group. The directors have been given assurance that this support will continue for no less than 12 months from the date of approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer upon delivery of the goods. 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. No deferred tax asset has been recognised due to uncertainty over future recoverability.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Leases

The company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Related party exemption

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.

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.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	2		3

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	1,945		1,945
Disposals	( 1,945)		( 1,945)
At 31 December 2024	0		0
Accumulated amortisation
At 01 January 2024	778		778
Charge for the financial year	389		389
Disposals	( 1,167)		( 1,167)
At 31 December 2024	0		0
Net book value
At 31 December 2024	0		0
At 31 December 2023	1,167		1,167

4. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 January 2024	57,301		59,633		116,934
At 31 December 2024	57,301		59,632		116,933
Accumulated depreciation
At 01 January 2024	39,171		38,954		78,125
Charge for the financial year	4,532		5,170		9,702
Impairment losses	0		8,700		8,700
At 31 December 2024	43,703		52,824		96,527
Net book value
At 31 December 2024	13,598		6,808		20,406
At 31 December 2023	18,130		20,679		38,809

5. Stocks

	2024		2023
	£		£
Stocks	99,139		86,612

6. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	0		1,024
Other debtors	89,805		60,553
	89,805		61,577
Debtors: amounts falling due after more than one year
Other debtors	0		61,330

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	7,451		11,765
Amounts owed to group undertakings	2,960,309		0
Other taxation and social security	19,195		12,835
Other creditors	21,742		63,836
	3,008,697		88,436

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Amounts owed to group undertakings	0		2,760,204

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
250,000 Ordinary shares of £ 1.00 each	250,000		250,000

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
Within one year	0		67,645

11. Parent Company

The parent company is Miha Bodytec GmbH incorporated in Germany. The ultimate parent company is Miehlich Vermögensverwaltung GmbH incorporated in Germany.

12. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2024 was qualified.

The qualification in the audit report was as follows:

We were not appointed as auditors of the company until after 31 December 2024 and thus did not observe the counting of physical inventories at the end of that year or at the end of the previous year. We were unable to satisfy ourselves by alternative means concerning quantities, condition and value of inventory held at 31 December 2024 or 31 December 2023, which are included in the balance sheet at £99,139 and £86,612 respectively, by using other audit procedures. Consequently we were unable to determine whether any adjustments to these amounts were necessary.

The audit report was signed by Caroline Peverett BA FCA on behalf of Tuerner Audit Limited.