Registration number:
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Registration number:
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Isola Werke UK Limited
Contents
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Company Information |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Isola Werke UK Limited
Company Information
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Directors |
M S Rafford C D Atack |
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Registered office |
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Auditors |
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Isola Werke UK Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors of the company
The directors who held office during the year were as follows:
The following director was appointed after the year end:
Financial instruments
Objectives and policies
The company's directors continually monitor and manage the finances of the company with a view to meeting future financial obligations as and when they become due. In addition, they aim to manage the company's liquid resources in such a way as to ensure that funds are available to cover any unexpected items of expenditure which may arise in the course of the company's business, with the ultimate aim of ensuring that the company's ability to trade is not put at risk.
Price risk, credit risk, liquidity risk and cash flow risk
The business' principal financial instruments comprise bank balances, trade debtors, trade creditors and loans to / from other group companies. The main purpose of these instruments is to finance the business' operations.
In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest. All of the business' cash balances are held in such a way that achieves a competitive rate of interest. The business makes use of money market facilities where funds are available.
Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors.
Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.
Loans comprise loans to / from other group companies. The business manages the liquidity risk by ensuring that there are sufficient funds to meet any repayments due.
Future developments
The directors do not expect there to be any significant change to the way the company operates in the near future.
Isola Werke UK Limited
Directors' Report for the Year Ended 31 December 2025 (continued)
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved by the
.........................................
M S Rafford
Director
Isola Werke UK Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Isola Werke UK Limited
Independent Auditor's Report to the Members of Isola Werke UK Limited
Opinion
We have audited the financial statements of Isola Werke UK Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Isola Werke UK Limited
Independent Auditor's Report to the Members of Isola Werke UK Limited (continued)
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Directors' Report has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. In identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations, we considered the following:
Isola Werke UK Limited
Independent Auditor's Report to the Members of Isola Werke UK Limited (continued)
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the nature of the industry and sector, control environment and business performance including the design of the company’s remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets; |
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results of our enquiries of management about their own identification and assessment of the risks of irregularities; |
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any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to: |
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identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; |
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detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |
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the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |
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the matters discussed among the audit engagement team and involving relevant internal specialists, including tax and pensions regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud to be in relation to management override which, in common with all audits under ISAs (UK), we are required to perform specific procedures to respond to this risk.
We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, pensions legislation and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. The key laws and regulations we considered in this context related to the Health and Safety Act and Employment Law.
As a result of performing the above, in response to the risks identified, we did not identify any key audit matters related to the potential risk of fraud or non-compliance with laws and regulations.
In addition to the above, our procedures to respond to risks identified included the following:
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reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |
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enquiring of management concerning actual and potential litigation and claims; |
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performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |
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reading minutes of meetings of those charged with governance, reviewing correspondence with HMRC; and |
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in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |
Isola Werke UK Limited
Independent Auditor's Report to the Members of Isola Werke UK Limited (continued)
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW
Isola Werke UK Limited
Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
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( |
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Interest payable and similar expenses |
( |
( |
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Loss before tax |
( |
( |
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
Isola Werke UK Limited
Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
2024 |
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Loss for the year |
( |
( |
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Remeasurement gain on defined benefit pension schemes |
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Total comprehensive income for the year |
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( |
Isola Werke UK Limited
(Registration number: SC093231)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets excluding pension asset/(liability) |
38,529,910 |
38,735,412 |
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Net pension liability |
(106,000) |
(316,000) |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Approved and authorised by the
.........................................
M S Rafford
Director
Isola Werke UK Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
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Share capital |
Retained earnings |
Total |
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At 1 January 2025 |
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Loss for the year |
- |
( |
( |
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Other comprehensive loss |
- |
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Total comprehensive income |
- |
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At 31 December 2025 |
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Share capital |
Profit and loss account |
Total |
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At 1 January 2024 |
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Loss for the year |
- |
(387,236) |
(387,236) |
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Other comprehensive income |
- |
19,000 |
19,000 |
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Total comprehensive loss |
- |
(368,236) |
(368,236) |
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At 31 December 2024 |
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Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Scotland
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The company has net current liabilities at 31 December 2025 and meets its day to day working capital requirements through loans from other group companies. On the basis of this coninued support, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Summary of disclosure exemptions
The company has taken advantage of the disclosure exemption under Section 7 of FRS102 to not prepare a Statement of Cash Flows. In addition the company has taken advantage of paragraph 33.1A of FRS102 to not disclose details of transactions that have taken place between other members of the group. Loans from group undertakings are interest bearing and were at arms length market rate when taken out. The loans can be repaid early at the volition of Isola Werke UK Limited.
Name of parent of group
These financial statements are consolidated in the financial statements of Isola Group LLC.
The financial statements of Isola Group LLC may be obtained from 6565 W Frye Road, Chandler, AZ, 85226.
Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Group accounts not prepared
The company's activities include making sales to and receiving commissions from other group companies in relation to circuit board technology
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Trade debtors
Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined benefit pension obligation
The company operated a defined benefit pension scheme which until 31 May 2011 had three active members. The scheme was closed to future benefit accrual on 31 May 2011. The company now makes employer contributions to personal pension plans (SIPPs) of its former two active members. The date of the last full actuarial valuation was 1 April 2022 following which the company has agreed with the Scheme trustees to continue with the deficit recovery payments of £10,000 per month from 1 January 2020. This rate of contribution is projected to funding the scheme deficit by 30 November 2027 but is subject to review following the next funding valuation due as at 1 April 2025.
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
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Rendering of services |
|
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Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
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Operating profit/(loss) |
Arrived at after charging/(crediting)
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2025 |
2024 |
|
|
Foreign exchange (gains)/losses |
( |
|
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Interest payable and similar expenses |
|
2025 |
2024 |
|
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Interest payable on loans from group undertakings |
|
|
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
|
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Wages and salaries |
|
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Social security costs |
|
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Pension costs, defined contribution scheme |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
|
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Sales, marketing and distribution |
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Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
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Directors' remuneration |
The directors' remuneration for the year was as follows:
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2025 |
2024 |
|
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Remuneration |
- |
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Auditor's remuneration |
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2025 |
2024 |
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Audit of the financial statements |
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Other fees to auditors |
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Auditing of pension scheme accounts |
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All other assurance services |
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Taxation |
The company has tax losses relating to trading losses and deficits on trade loan relationships totalling £11.2m (2024 - £11.4m). A deferred tax asset has not been provided in respect of these losses or in respect of the defined benefit pension liability as there is no evidence to support the ongoing recoverability of the deferred tax assets in the future.
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Investments in subsidiaries, joint ventures and associates |
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2025 |
2024 |
|
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Investments in subsidiaries |
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Subsidiaries |
£ |
|
Cost |
|
|
At 1 January 2025 |
|
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At 31 December 2025 |
|
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Provision |
|
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Carrying amount |
|
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At 31 December 2025 |
|
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At 31 December 2024 |
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Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
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Subsidiary undertakings |
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China |
25,013,400 shares with a par value of $10 New Taiwanese Dollars |
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Subsidiary undertakings
Isola Asia Pacific (Taiwan) Inc.
The principal activity of Isola Asia Pacific (Taiwan) Inc. is the manufacture and sale of electronic grade laminates and prepregs. The profit for the financial period of Isola Asia Pacific (Taiwan) Inc. was £1,300,000 and the aggregate amount of Capital and reserves at the end of the period was £38,900,000.
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Debtors |
|
2025 |
2024 |
|
|
Amounts owed by related parties |
|
|
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Other debtors |
|
|
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Prepayments |
|
|
|
|
|
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Cash and cash equivalents |
|
2025 |
2024 |
|
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Cash at bank |
|
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Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
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Creditors |
|
2025 |
2024 |
|
|
Due within one year |
||
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Trade creditors |
|
|
|
Amounts due to related parties |
|
|
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Social security and other taxes |
- |
|
|
Outstanding defined contribution pension costs |
|
|
|
Accrued expenses |
|
|
|
|
|
|
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Due after one year |
||
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Amounts due to related parties |
3,937,686 |
3,752,025 |
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
Defined benefit pension schemes
The scheme is a UK based scheme providing benefits at retirement and on death.
The date of the most recent comprehensive actuarial valuation was
The total cost relating to defined benefit schemes for the year recognised in profit or loss as an expense was £14,000 (2024 - £17,000).
The 2018 financial statements included a past service cost adjustment in relation to GMP equalisation. The scheme trustees have not yet progressed GMP equalisation as they are awaiting further guidance on this subject from DWP and HMRC. Accordingly, when valuing scheme liabilities for the 2025 disclosures, the same methodology has been used to allow for GMP equalisation as used in 2018 to 2024.
Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Reconciliation of scheme assets and liabilities to assets and liabilities recognised
The amounts recognised in the balance sheet are as follows:
|
2025 |
2024 |
|
|
Fair value of scheme assets |
|
|
|
Present value of defined benefit obligation |
( |
( |
|
Defined benefit pension scheme deficit |
( |
( |
Defined benefit obligation
Changes in the defined benefit obligation are as follows:
|
2025 |
|
|
Present value at start of year |
|
|
Interest cost |
|
|
Actuarial gains and losses |
( |
|
Benefits paid |
( |
|
Present value at end of year |
|
Fair value of scheme assets
Changes in the fair value of scheme assets are as follows:
|
2025 |
|
|
Fair value at start of year |
|
|
Interest income |
|
|
Return on plan assets, excluding amounts included in interest income / (expense) |
( |
|
Employer contributions |
|
|
Benefits paid |
( |
|
Fair value at end of year |
|
Analysis of assets
The major categories of scheme assets are as follows:
|
2025 |
2024 |
|
|
Equities and property |
|
|
|
Bonds |
|
|
|
Cash |
|
|
|
|
|
Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
Return on scheme assets
|
2025 |
2024 |
|
|
Return on scheme assets |
|
( |
The pension scheme has not invested in any of the company's own financial instruments or in properties or other assets used by the company.
Principal actuarial assumptions
The principal actuarial assumptions at the balance sheet date are as follows:
|
2025 |
2024 |
|
|
Discount rate |
|
|
|
Future pension increases |
|
|
|
Inflation |
|
|
Post retirement mortality assumptions
|
2025 |
2024 |
|
|
Current UK pensioners at age 60 - male |
25.00 |
25.00 |
|
Current UK pensioners at age 60 - female |
27.00 |
28.00 |
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
9,658,635 |
|
9,658,635 |
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |
Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
Reserves |
Called up share capital
Represents the nominal value of shares that have been issued.
Profit and loss account
Includes all current period retained profits and losses.
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
|
Retained earnings |
Total |
|
|
Remeasurement gain/loss on defined benefit pension schemes |
|
|
|
|
||
The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
|
Retained earnings |
Total |
|
|
Remeasurement gain/loss on defined benefit pension schemes |
|
|
|
|
||
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Isola Werke UK Limited
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
|
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is
The parent of the largest group in which these financial statements are consolidated is
The address of Isola Group LLC is:
The parent of the smallest group in which these financial statements are consolidated is
The address of Isola Group LLC is: