REGISTERED NUMBER: 01552270 (England and Wales)

Katun UK Limited

Audited Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T A Meij

K Wang

REGISTERED OFFICE:

4A Vulcan House

Calleva Park

Aldermaston

Berkshire

RG7 8PD

REGISTERED NUMBER:

01552270 (England and Wales)

AUDITORS:

Sheen Stickland

Chartered Accountants

Statutory Auditors

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

SOLICITORS:

CMS Cameron McKenna Nabarro Olswang LLP

Cannon Place

78 Cannon Street

London

EC4N 6AF

FIXED ASSETS

Tangible assets

4

4,289

-

CURRENT ASSETS

Debtors

5

1,145,260

2,429,022

Cash at bank

792,961

590,919

1,938,221

3,019,941

CREDITORS

Amounts falling due within one year

6

(891,437

)

(824,742

)

NET CURRENT ASSETS

1,046,784

2,195,199

TOTAL ASSETS LESS CURRENT LIABILITIES

1,051,073

2,195,199

CAPITAL AND RESERVES

Called up share capital

8

895,000

895,000

Share premium

9

450,000

1,800,000

Retained earnings

9

(293,927

)

(499,801

)

SHAREHOLDERS' FUNDS

1,051,073

2,195,199

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 9th October 2026 and were signed on its behalf by:

T A Meij - Director

1.	STATEMENT OF COMPLIANCE

Katun UK Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 4a Vulcan House, Calleva Park, Aldermaston, Berkshire, RG7 8PD. The registration number is 01552270.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis on the understanding that the immediate parent undertaking, Cooperative Katun DutchHoldco U.A., is both willing and able to continue to provide the financial and other support required by the company for the foreseeable future.

Turnover

Turnover represents sales of printer imaging products by the company to outside customers and fellow group companies. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Turnover is recognised on shipment of the products.

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

-

33% on cost

Fixtures and fittings are stated at cost less accumulated depreciation and accumulated impairment losses.

Any gain or loss on disposal of an item of fixtures and fittings are determined by comparing the proceeds from disposal with the carrying amount of fixtures and fittings, and is recognised within other income/expenses in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents

These comprise cash at bank and other short term liquid investments.

Debtors

Short term debtors are stated at their nominal value. Loans receivable are measured initially at their nominal value and are measured subsequently at amortised cost using the effective interest method. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and loss account when there is objective evidence that the asset is impaired.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method.

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 balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 balance sheet 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 lease 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.

Provisions available for small entities - non audit services

Due to the business size and nature the company's auditors have also prepared and submitted the corporation tax returns to HMRC and assisted with the preparation and submission of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2025

16,900

Additions

4,595

At 31st December 2025

21,495

DEPRECIATION

At 1st January 2025

16,900

Charge for year

306

At 31st December 2025

17,206

NET BOOK VALUE

At 31st December 2025

4,289

At 31st December 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,093,687

1,089,487

Amounts owed by group undertakings

-

1,296,541

Other debtors

8,726

9,000

Prepayments and accrued income

42,847

33,994

1,145,260

2,429,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

181,985

184,823

Amounts owed to group undertakings

55,248

-

Social security and other taxes

29,285

34,706

VAT

448,807

464,858

Accrued expenses

176,112

140,355

891,437

824,742

Included in Trade Creditors as at 31st December 2025 is a pension creditor balance of £3,897 (2024: £4,253)

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

70,571

68,669

Between one and five years

159,205

168,582

229,776

237,251

Hire purchase leases are secured on the asset they relate to.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

895,000

Ordinary

£1

895,000

895,000

9.

RESERVES

Retained earnings

Share Premium

Totals

£

£

£

At 1st January 2025

(499,801

)

1,800,000

1,300,199

Movement in year

(1,350,000

)

(1,350,000

)

Profit in year

205,874

205,874

At 31st December 2025

(293,927

)

450,000

156,073

During the year, the company reduced its share premium account by £1,350,000. The reduction was applied against an outstanding intercompany loan balance

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

The Report of the Auditors was unqualified.

David Sanders BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Sheen Stickland

11.	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 between wholly owned group members.

12.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parent company and controlling party is General Plastic Industrial Co. Ltd, a company incorporated in Taiwan and listed on the Taiwan stock exchange. The immediate parent company is Cooperative Katun DutchHoldco U.A., a company incorporated in the Netherlands.

The smallest group in which the results are consolidated is that headed by Katun Holdings L.P. The consolidated financial statements are not available to the public.

The largest group in which the results are consolidated is that headed by General Plastic Industrial Co. Ltd. The consolidated financial statements are available to the public as the company is listed on the Taiwan stock exchange.