Company registration number 02094339 (England and Wales)
MENNEKES ELECTRIC LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
Lynwood House
Crofton Road
Orpington
Kent
BR6 8QE
MENNEKES ELECTRIC LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
3 - 7
MENNEKES ELECTRIC LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
339,797
135,074
Current assets
Stocks
780,360
651,376
Debtors
1,460,002
1,180,839
Cash at bank and in hand
1,023,792
1,427,577
3,264,154
3,259,792
Creditors: amounts falling due within one year
(1,859,373)
(1,098,135)
Net current assets
1,404,781
2,161,657
Total assets less current liabilities
1,744,578
2,296,731
Provisions for liabilities
(20,899)
(17,672)
Net assets
1,723,679
2,279,059
Capital and reserves
Called up share capital
300,000
300,000
Profit and loss reserves
1,423,679
1,979,059
Total equity
1,723,679
2,279,059

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 June 2026
C Stockdale
Director
Company registration number 02094339 (England and Wales)
MENNEKES ELECTRIC LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2024
300,000
1,733,769
2,033,769
Year ended 31 December 2024:
Profit and total comprehensive income
-
245,290
245,290
Balance at 31 December 2024
300,000
1,979,059
2,279,059
Year ended 31 December 2025:
Profit and total comprehensive income
-
244,620
244,620
Dividends
-
(800,000)
(800,000)
Balance at 31 December 2025
300,000
1,423,679
1,723,679
MENNEKES ELECTRIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Mennekes Electric Limited is a private company limited by shares incorporated in England and Wales. The registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Purchases denominated in euros are translated at the fixed rate of exchange of 1.13 €/£.

Liabilities at the year end denominated in euros are translated at the year end exchange rate of 1.1458 €/£.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and

value added taxes.

Revenue refers to the revenue earned from the Company's principal activity; the distribution and marketing of

the products of Mennekes Elektrotechnik GmBH and Co. KG, a manufacturer of electrical equipment

registered in Germany.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10 years straight line
Plant and equipment
7 years, 8 years, 10 years straight line
Office furniture and fixtures
3 years straight line
Office equipment
10 years straight line
Motor vehicles
6 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

MENNEKES ELECTRIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.9
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

MENNEKES ELECTRIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
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.

Significant judgements

The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Bad debt provision

Provision is made for bad debts. This requires management's best estimate of the value of payments

expected to be received in the future. In addition, the timing of the cash flows requires management's

judgement.

Stock provision

Provision is made for obsolete stock based on the amount of days it has been in stock with no movement. A percentage basis is used to write down stock based on the number of days it has been obsolete.

Tangible fixed assets

Tangible fixed assets have been depreciated over their useful life taking into account residual values, where appropriate. The actual lives of assets and residual value are assessed annually.

Rebates to customers

Rebates to customers are calculated using a percentage based on their turnover with the company in the year. The percentage depends on whether certain targets have been met.

Dilapidation provision

The dilapidation in relation to the lease has been provided for as an asset and liability calculated at the expected value in 10 years.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
13
13
MENNEKES ELECTRIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Office furniture and fixtures
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
42,127
24,287
2,718
83,848
255,391
408,371
Additions
203,580
25,715
1,933
-
0
34,500
265,728
Disposals
-
0
(8,500)
-
0
-
0
(69,650)
(78,150)
At 31 December 2025
245,707
41,502
4,651
83,848
220,241
595,949
Depreciation and impairment
At 1 January 2025
42,127
22,627
2,336
80,124
126,083
273,297
Depreciation charged in the year
10,179
3,468
235
1,853
35,630
51,365
Eliminated in respect of disposals
-
0
(8,500)
-
0
-
0
(60,010)
(68,510)
At 31 December 2025
52,306
17,595
2,571
81,977
101,703
256,152
Carrying amount
At 31 December 2025
193,401
23,907
2,080
1,871
118,538
339,797
At 31 December 2024
-
0
1,660
382
3,724
129,308
135,074
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

Senior Statutory Auditor:
Christopher Jones
Statutory Auditor:
Affinia (Orpington)
Date of audit report:
3 July 2026
6
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

MENNEKES ELECTRIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
6
Operating lease commitments
(Continued)
- 7 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Within 1 year
112,725
-
0
Years 2-5
450,900
-
0
After 5 years
507,262
-
0
Total commitments
1,070,887
-
0
7
Related party transactions
Transactions with related parties

At the year end the company owed £834,595 to Mennekes Global GmbH who are their parent company.

During the year purchases were made from Mennekes Global GmbH of £4,937,435.

8
Charges

The owners of the leasehold property rented by the company hold a £30,000 deposit which will be refundable at the end of the rental agreement and can be offset any liability defaults thereon. This balance is shown in other debtors.

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