REGISTERED NUMBER: 05251605 (England and Wales)

WALTER EWAG UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Mueller-Mederer

SECRETARY:

B E Bletso

REGISTERED OFFICE:

40 Holborn Viaduct

London

EC1N 2PZ

REGISTERED NUMBER:

05251605 (England and Wales)

AUDITORS:

FWC Advisory Ltd

29 Wood Street

Stratford-Upon-Avon

Warwickshire

CV37 6JG

FIXED ASSETS

Tangible assets

4

2,206

4,377

CURRENT ASSETS

Stocks

5

-

296,682

Debtors

6

49,500

46,633

Cash at bank and in hand

381,447

358,832

430,947

702,147

CREDITORS

Amounts falling due within one year

7

40,264

379,392

NET CURRENT ASSETS

390,683

322,755

TOTAL ASSETS LESS CURRENT LIABILITIES

392,889

327,132

PROVISIONS FOR LIABILITIES

277

686

NET ASSETS

392,612

326,446

CAPITAL AND RESERVES

Called up share capital

9

150,000

150,000

Retained earnings

242,612

176,446

SHAREHOLDERS' FUNDS

392,612

326,446

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2026 and were signed by:

C Mueller-Mederer - Director

1.	STATUTORY INFORMATION

Walter Ewag 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.

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.

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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets and depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

Over 4 years

Computer Equipment

Over 4 years

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.

Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Foreign currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Leasing and hire purchase contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hirepurchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

55,841

6,573

62,414

DEPRECIATION

At 1 January 2025

53,610

4,427

58,037

Charge for year

1,282

889

2,171

At 31 December 2025

54,892

5,316

60,208

NET BOOK VALUE

At 31 December 2025

949

1,257

2,206

At 31 December 2024

2,231

2,146

4,377

5.

STOCKS

2025

2024

£

£

Finished goods

-

296,682

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,251

339

Other debtors

37,249

46,294

49,500

46,633

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,882

360,346

Tax

20,049

(2,347

)

Social security and other taxes

6,089

7,266

Accruals and deferred income

12,244

14,127

40,264

379,392

8.	LEASING AGREEMENTS

Operating leases - Lessee

The total of future minimum lease payments is as follows:

2025

2024

Not later than one year

36,126

49,930

Later than 1 year and not later than 5 years

899

2,083

Total future payments

37,025

52,013

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

150,000

Ordinary shares

1

150,000

150,000

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

The Report of the Auditors was unqualified.

Michelle Vincent (Senior Statutory Auditor)

for and on behalf of FWC Advisory Ltd

11.	RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption granted by FR 102 'The Financial Reporting Standard applicable in the UK' not to disclose related party transactions between wholly owned group companies. During the year there were no other related party transactions.

12.	FRC'S ETHICAL STANDARD - PROVISION AVAILABLE FOR SMALL ENTITIES

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company's immediate and ultimate parent undertaking is United Grinding Group AG. United Grinding Group AG was incorporated in Switzerland. Copies of the group accounts may be obtained from the secretary, Jubilaumsstrasse 95, 3005 Bern, Switzerland. The ultimate controlling party is United Grinding Group AG who controls 100% of the shares of Walter Ewag UK Limited.