REGISTERED NUMBER: 07411604 (England and Wales)

Financial Statements

For The Year Ended 31 December 2025

for

Bevisol Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C J H Newall

S R H Fletcher

F K Lindenberg

C T Melton

SECRETARY:

L A Newall

REGISTERED OFFICE:

Unit 1A

Orchard Business Park

Bromyard Road

Ledbury

Herefordshire

HR8 1LG

REGISTERED NUMBER:

07411604 (England and Wales)

AUDITORS:

Kingscott Dix Limited

Chartered Accountants

and Statutory Auditor

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

4

544,348

818,559

Tangible assets

5

13,022,442

14,412,919

13,566,790

15,231,478

CURRENT ASSETS

Stocks

897,734

1,102,178

Debtors

6

5,202,641

4,998,618

Cash at bank

192,574

25,207

6,292,949

6,126,003

CREDITORS

Amounts falling due within one year

7

5,373,053

4,175,065

NET CURRENT ASSETS

919,896

1,950,938

TOTAL ASSETS LESS CURRENT LIABILITIES

14,486,686

17,182,416

CREDITORS

Amounts falling due after more than one year

8

(17,700,000

)

(17,200,000

)

PROVISIONS FOR LIABILITIES

(2,186,204

)

(1,916,151

)

NET LIABILITIES

(5,399,518

)

(1,933,735

)

CAPITAL AND RESERVES

Called up share capital

80,000

80,000

Capital redemption reserve

720,000

720,000

Retained earnings

(6,199,518

)

(2,733,735

)

SHAREHOLDERS' FUNDS

(5,399,518

)

(1,933,735

)

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 11 September 2026 and were signed on its behalf by:

S R H Fletcher - Director

1.	STATUTORY INFORMATION

Bevisol 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.

Going Concern

The company incurred a loss during the year and, at the balance sheet date, had net liabilities. The company is dependent on the continued financial support of the group, including the provision of intercompany funding, in order to maintain its trading activities and meet its liabilities as they fall due.

The directors have prepared forecasts and cash flow projections for the foreseeable future and have received a formal confirmation of financial support from the parent undertaking for a period of at least twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Where the Company acts as principal when incurring product related taxes such as excise duties, which are then invoiced to customers, those invoiced amounts are included in turnover.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Leasehold improvements

-

at varying rates on cost

Assets under construction

-

not provided

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

20% on cost

Stocks

Stocks and work in progress are stated at the lower of cost and net realisable value.

Cost comprises all costs of purchase, and other costs incurred in bringing inventories to their present location and condition. Raw materials are valued using the average cost method.

Work in progress is valued at cost, including direct materials, together with an appropriate proportion of production overheads. Production overheads include both fixed and variable overheads and are allocated on the basis of normal operating capacity.

Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Operating leases

Rentals payable under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Costs associated with entering into lease arrangements are recognised as an expense over the lease term.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Hedge accounting

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit & loss account immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk. The change in the fair value of the hedging instrument and the change in the hedged item attributable to the hedged risk are recognised in the line related to the hedged item in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

1,371,056

AMORTISATION

At 1 January 2025

552,497

Amortisation for year

274,211

At 31 December 2025

826,708

NET BOOK VALUE

At 31 December 2025

544,348

At 31 December 2024

818,559

5.	TANGIBLE FIXED ASSETS

Assets

Leasehold

under

Plant and

improvements

construction

machinery

£

£

£

COST

At 1 January 2025

1,926,373

107,458

17,696,796

Additions

-

60,920

-

Disposals

-

(8,830

)

-

At 31 December 2025

1,926,373

159,548

17,696,796

DEPRECIATION

At 1 January 2025

227,141

-

5,620,882

Charge for year

63,258

-

1,296,039

Eliminated on disposal

-

-

-

At 31 December 2025

290,399

-

6,916,921

NET BOOK VALUE

At 31 December 2025

1,635,974

159,548

10,779,875

At 31 December 2024

1,699,232

107,458

12,075,914

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

1,455,506

171,520

21,357,653

Additions

-

-

60,920

Disposals

-

(131,074

)

(139,904

)

At 31 December 2025

1,455,506

40,446

21,278,669

DEPRECIATION

At 1 January 2025

955,787

140,924

6,944,734

Charge for year

52,674

29,479

1,441,450

Eliminated on disposal

-

(129,957

)

(129,957

)

At 31 December 2025

1,008,461

40,446

8,256,227

NET BOOK VALUE

At 31 December 2025

447,045

-

13,022,442

At 31 December 2024

499,719

30,596

14,412,919

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,786,680

3,125,578

Amounts owed by group undertakings

3,083,705

1,510,040

Other debtors

8,532

73,496

Directors' current accounts

8,532

8,532

Corporation tax recoverable

154,118

129,339

Prepayments

161,074

151,633

5,202,641

4,998,618

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Payments on account

1,434,971

-

Trade creditors

1,308,152

571,196

Amounts owed to group undertakings

1,498,060

3,341,074

Social security and other taxes

939,344

80,171

Accrued expenses

192,526

182,624

5,373,053

4,175,065

Included within payments on account is £1,434,971 (2024: £2,000,000), representing amounts received in advance for the construction of an asset. The asset will be owned by the customer upon completion. The prior year amount was classified as due after more than one year.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Payments on account

-

2,000,000

Amounts owed to group undertakings

17,700,000

15,200,000

17,700,000

17,200,000

9.	LEASING AGREEMENTS

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

31.12.25

31.12.24

£

£

Within one year

109,540

706,622

Between one and five years

27,640

137,180

137,180

843,802

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

The Report of the Auditors was unqualified.

Stephen Baily (Senior Statutory Auditor)

for and on behalf of Kingscott Dix Limited

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2025, the director Mr C Newall and his close family owed the company £17,063 (2024: £17,063). This amount is included in directors loan accounts and other debtors.

12.	RELATED PARTY DISCLOSURES

(i) Entities with control, joint control or significant influence;

During the year, the company completed transactions with it's majority shareholder Dohler Group SE and fellow subsidiaries as follows:

31.12.25

31.12.24

£

£

Sales

8,006

-

Purchases

769,107

1,190,136

Rent paid

450,000

450,000

Interest paid

1,143,109

1,000,962

Recharges

143,133

113,784

All transactions are completed at an arms length.

Balance due (to)/from parent company as at year end

(371,839

)

(483,798

)

Balance due (to)/from fellow group subsidiaries as at year end

(15,867,490

)

(16,547,235

)

(ii) Other related parties

At 31 December 2025, the Company owed ex-preference shareholders £958 (2024: £958) in respect of dividends due on ex-preference shares. These liabilities are included within other creditors.

13.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

The ultimate parent company is Dohler Group SE, a company register in Germany. The ultimate controlling parties are the shareholders of Dohler Group SE.