REGISTERED NUMBER: 10928595 (England and Wales)

RITE-HITE UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr T Zierhut

REGISTERED OFFICE:

Unit 2, D2 Trading Estate

Castle Road

Eurolink

SITTINGBOURNE

Kent

ME10 3RH

REGISTERED NUMBER:

10928595 (England and Wales)

SENIOR STATUTORY AUDITOR:

Allan Hickie BSc FCA

AUDITORS:

UHY Hacker Young

Chartered Accountants

Statutory Auditors

Thames House

Roman Square

Sittingbourne

Kent

ME10 4BJ

FIXED ASSETS

Intangible assets

5

624,127

780,159

Tangible assets

6

27,074

18,614

651,201

798,773

CURRENT ASSETS

Stocks

537,928

519,919

Debtors

7

1,053,801

2,385,620

Cash at bank

296,470

188,399

1,888,199

3,093,938

CREDITORS

Amounts falling due within one year

8

1,308,917

2,909,186

NET CURRENT ASSETS

579,282

184,752

TOTAL ASSETS LESS CURRENT LIABILITIES

1,230,483

983,525

CAPITAL AND RESERVES

Called up share capital

10

301,002

301,002

Share premium

1,499,998

1,499,998

Retained earnings

(570,517

)

(817,475

)

SHAREHOLDERS' FUNDS

1,230,483

983,525

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 director and authorised for issue on 22 September 2026 and were signed by:

Mr T Zierhut - Director

1.	STATUTORY INFORMATION

Rite-Hite UK 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 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 directors have received confirmation from the wider Rite-Hite group, which remains financially strong, that the inter-group loan will not be required to be paid in the coming twelve months, and that further support, as necessary, will be provided so that the company has sufficient cash resources to be sufficient to allow the company to continue trading for the foreseeable future. Accordingly the directors consider it appropriate to adopt the going concern basis in preparing the accounts

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets. Significant estimation also includes the estimated useful life and amortisation of goodwill and the recoverability of bad debts, particularly in the current global environment.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Improvements to property

-

over remaining term of lease

Plant and machinery

-

straight line over 3 years

Fixtures and fittings

-

straight line over 5 years

Motor vehicles

-

straight line over 4 years

Computer equipment

-

straight line over 3 years

Assets acquired from the subsidiary company were brought in at net book value as at 1 January 2020 but depreciation has continued to be applied based on their initial cost when brought into the group.

Government grants

The company has claimed the Employers Allowance in the year.

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

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.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 28 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

1,560,318

AMORTISATION

At 1 January 2025

780,159

Amortisation for year

156,032

At 31 December 2025

936,191

NET BOOK VALUE

At 31 December 2025

624,127

At 31 December 2024

780,159

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

15,504

1,200

10,770

Additions

-

-

577

Disposals

-

-

(939

)

At 31 December 2025

15,504

1,200

10,408

DEPRECIATION

At 1 January 2025

15,504

1,059

9,151

Charge for year

-

141

993

Eliminated on disposal

-

-

(889

)

At 31 December 2025

15,504

1,200

9,255

NET BOOK VALUE

At 31 December 2025

-

-

1,153

At 31 December 2024

-

141

1,619

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

46,610

73,323

147,407

Additions

-

18,348

18,925

Disposals

-

-

(939

)

At 31 December 2025

46,610

91,671

165,393

DEPRECIATION

At 1 January 2025

46,610

56,469

128,793

Charge for year

-

9,281

10,415

Eliminated on disposal

-

-

(889

)

At 31 December 2025

46,610

65,750

138,319

NET BOOK VALUE

At 31 December 2025

-

25,921

27,074

At 31 December 2024

-

16,854

18,614

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

964,972

2,330,201

Other debtors

5,351

2,200

Prepayments and accrued income

83,478

53,219

1,053,801

2,385,620

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

64,649

22,451

VAT

92,918

348,371

Other creditors

-

421

Other taxes and PAYE

47,428

37,261

Amounts owed to group undertakings

718,119

1,964,875

Accruals and deferred income

385,803

535,807

1,308,917

2,909,186

9.	LEASING AGREEMENTS

At the balance sheet date the company had total operating lease commitments remaining for payment of £125,350 (2024: £233,083).

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,002

Ordinary

£1

1,002

1,002

300,000

Redeemable Preference

£1

300,000

300,000

301,002

301,002

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

The Report of the Auditors was unqualified.

Allan Hickie BSc FCA (Senior Statutory Auditor)

for and on behalf of UHY Hacker Young

12.	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.

13.	CONTROLLING PARTY AND ULTIMATE CONTROLLING PARTY

The company's controlling party is Rite-Hite GmbH (incorporated in Germany) whose registered office address and principal place of business is Carl-Zeiss-Strasse 3, 34471 Volkmarsen, Germany.

The company's ultimate controlling party is Rite-Hite Holding Corporation (incorporated in United States of America) whose registered office address and principal place of business is 8900 North Arbon Drive, Milwaukee, WI 53223, United States.