Voss Stainless UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05923559

Voss Stainless UK Limited

Filleted Financial Statements

31 December 2024

Voss Stainless UK Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3 to 6

Voss Stainless UK Limited

Officers and Professional Advisers

The Board of Directors	M Fischer
	M Steffen

Company Secretary	M Fischer

Registered Office	26 Navigation Drive
	Hurst Business Park
	Brierley Hill
	DY5 1UT

Auditor	Howell Davies Limited
	Chartered accountants & statutory auditor
	Tudor House
	37a Birmingham New Road
	Wolverhampton
	West Midlands
	WV4 6BL

Voss Stainless UK Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed Assets

Tangible assets	5		195,183		195,935

Current Assets

Debtors	6	2,382,635	2,652,385
Cash at bank and in hand		2,697,449	2,168,726
		------------	------------
		5,080,084	4,821,111

Creditors: amounts falling due within one year	7	1,035,387		1,632,167
		------------		------------
Net Current Assets			4,044,697		3,188,944
			------------		------------
Total Assets Less Current Liabilities			4,239,880		3,384,879

Provisions

Deferred taxation	43,427	42,993
	------------	------------
Net Assets	4,196,453	3,341,886
	------------	------------

Capital and Reserves

Called up share capital	1,000,000	1,000,000
Profit and loss account	3,196,453	2,341,886
	------------	------------
Shareholder Funds	4,196,453	3,341,886
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 9 October 2025 , and are signed on behalf of the board by:

M Fischer	M Steffen
Director	Director

Company registration number: 05923559

Voss Stainless UK Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Navigation Drive, Hurst Business Park, Brierley Hill, DY5 1UT.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 7 for the carrying amount of the property plant and equipment. (ii) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 8 for the net carrying amount of the debtors.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Income Tax

Deferred tax is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and laws. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements. Deferred tax assets and liabilities are not discounted.

Foreign Currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to Leasehold Property	-	Over the period of the lease
Plant & Machinery	-	20% straight line
Fixtures & Fittings	-	6.67% to 33.33% Straight Line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 11 ).

5. Tangible Assets

Imp to LH property	Plant and machinery	Fixtures and fittings	Total
£	£	£	£

Cost
At 1 January 2024	21,063	307,449	358,672	687,184
Additions	7,500	27,040	7,908	42,448
Disposals	–	( 20,004)	( 32,059)	( 52,063)
	--------	---------	---------	---------
At 31 December 2024	28,563	314,485	334,521	677,569
	--------	---------	---------	---------
Depreciation
At 1 January 2024	21,060	232,628	237,561	491,249
Charge for the year	547	16,496	26,157	43,200
Disposals	–	( 20,004)	( 32,059)	( 52,063)
	--------	---------	---------	---------
At 31 December 2024	21,607	229,120	231,659	482,386
	--------	---------	---------	---------
Carrying amount
At 31 December 2024	6,956	85,365	102,862	195,183
	--------	---------	---------	---------
At 31 December 2023	3	74,821	121,111	195,935
	--------	---------	---------	---------

6. Debtors

	2024	2023
	£	£

Trade debtors	2,311,916	2,593,566
Other debtors	70,719	58,819
	------------	------------
	2,382,635	2,652,385
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£

Trade creditors	8,471	46,998
Amount owed to parent company	585,872	1,091,554
Corporation tax	285,971	344,286
Social security and other taxes	129,488	132,259
Other creditors	5,370	–
Other creditors	20,215	17,070
	------------	------------
	1,035,387	1,632,167
	------------	------------

8. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£

Not later than 1 year	132,800	132,800
Later than 1 year and not later than 5 years	398,400	531,200
	---------	---------
	531,200	664,000
	---------	---------

9. Summary Audit Opinion

The auditor's report dated 9 October 2025 was unqualified .

The senior statutory auditor was Christopher Pole ACA , for and on behalf of Howell Davies Limited .

10. Related Party Transactions

All goods for resale have been requisitioned from Voss Edelstahlhandel GmbH & Co. KG under a consignment stock agreement. Requisitions of stock of £6,476,006 (2023: £7,483,853) were made in 2024. Voss Edelstahlhandel Gmbh & Co. KG have charged Voss Stainless UK Limited a management charge for the use of shared resources, totalling £688,159 (2023: £584,035) in 2024. M Fischer and M Steffen are directors of Voss Edelstahlhandel GmbH & Co. KG. The balance owed to Voss Edelstahlhandel GmbH & Co. KG at the year end amounted to £585,872 (2023: £1,091,554).

11. Controlling Party

Voss Edelstahlhandel GmbH & Co. KG, a company incorporated in Germany, is the ultimate controlling entity due to its ownership of the entire issued share capital.