REGISTERED NUMBER: 02534466

GROB MACHINE TOOLS UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

1,889,834

1,826,791

CURRENT ASSETS

Stocks

433,988

417,596

Debtors

5

3,254,903

1,949,905

Cash at bank

508,794

128,960

4,197,685

2,496,461

CREDITORS

Amounts falling due within one year

6

4,446,056

3,605,101

NET CURRENT LIABILITIES

(248,371

)

(1,108,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,641,463

718,151

PROVISIONS FOR LIABILITIES

275,196

-

NET ASSETS

1,366,267

718,151

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

1,346,267

698,151

SHAREHOLDERS' FUNDS

1,366,267

718,151

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:

L Hill - Director

1.	STATUTORY INFORMATION

Grob Machine Tools UK Limited is a private company limited by shares. The company is registered in England under number 02534466 and the address of the registered office is Barclays Bank Chambers, Stratford upon Avon, Warwickshire, CV37 6AH. The company's place of business is Timothy's Bridge Road, Stratford-upon-Avon, Warwickshire, CV37 9NQ.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Leasehold improvements

-

Over the period of the lease

Plant and equipment

-

20% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 tax

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.

Hire purchase and leasing 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 the profit or loss in the period to which they relate.

Going concern

The company is the UK representative of its German holding company and operates under a contract agreement between the two companies. The director of the company has no reason to believe the holding company would terminate the contract and therefore considers it appropriate to prepare the accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

2,314,997

Additions

455,608

At 28 February 2025

2,770,605

DEPRECIATION

At 1 March 2024

488,206

Charge for year

392,565

At 28 February 2025

880,771

NET BOOK VALUE

At 28 February 2025

1,889,834

At 29 February 2024

1,826,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,116,623

744,555

Amounts owed by group undertakings

621,264

668,009

Other debtors

517,016

537,341

3,254,903

1,949,905

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

291,402

99,555

Amounts owed to group undertakings

3,049,987

2,975,872

Taxation and social security

625,623

193,610

Other creditors

479,044

336,064

4,446,056

3,605,101

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

The Report of the Auditors was unqualified.

Robert Bowen BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of H L Barnes, Statutory Auditors

8.	ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Grob Beteiligungsgesellschaft mbH, a company incorporated in Germany.

The company's ultimate holding company throughout the year was Grob-Werke GmbH & Co. KG, an unlimited partnership company incorporated in Germany.