INDUSTRY4 LTD

Company Registration Number:
10014834 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

INDUSTRY4 LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

INDUSTRY4 LTD

Company Information

for the Period Ended 29 February 2024




Director: David A. Graham
Registered office: Unit 12
44 Springfield Road
Poole
Dorset
England
BH14 0LQ
Company Registration Number: 10014834 (England and Wales)

INDUSTRY4 LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal Activities

The company’s principal activity during the period was the sale and support of the SMEMA Hermes Adaptor and the SMEMA Ethernet Adaptor which are used within Electronic Assembly factories worldwide.

Additional information

During the period we secured 13 new customers with 2 repeat orders from the previous period. 7 of these customers reordered within the period. The value of the orders have substantially increased as forecasted while our products are used on multiple production lines within the same manufacturing factory. There is also a growth of organic recommendations of our products between customer manufacturing facilities around the world. Our products now operate in 20 countries. We continue to work with eCommerce business Smart Factory Direct as our main product distributor and a small segment of sales are occurring via unofficial European and Asian distributors who have existing relationships with their customer base. The Value Added Tax situation stated during the previous period report still exists and so material costs reflex it. We are currently onboarding our first member of staff to support the final assembly of the products. During the period we attended Productronica ‘23 in Munich during November, this also featured the 12th Hermes Standard Initiative Meeting. We also attended IPC WinterCom ‘24 at the end of January in Barcelona. This was to improve our relationship with the IPC CFX 2-17a Task Group as we secured a UK Government match fund to develop the SMEMA CFX Adaptor which has a target prototype completion date of December ‘24. We still have not conducted any direct marketing or advertising but aim to target the OEM market where our solutions will be embedded into other suppliers products. To date all operations are currently loss making.

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
David A. Graham

This report was approved by the board of directors on 14 October 2024
And Signed On Behalf Of The Board By:

Name: David A. Graham
Status: Director

INDUSTRY4 LTD

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 24,257 7,428
Cost of sales ( 17,595 ) ( 26,227 )
Gross Profit or (Loss) 6,662 ( 18,799 )
Administrative Expenses ( 539 ) -
Operating Profit or (Loss) 6,123 ( 18,799 )
Profit or (Loss) Before Tax 6,123 ( 18,799 )
Profit or (Loss) for Period 6,123 ( 18,799 )

The notes form part of these financial statements

INDUSTRY4 LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 5,170 10,877
Cash at bank and in hand: 1,346 2,102
Total current assets: 6,516 12,979
Creditors: amounts falling due within one year: 4 ( 6,777 )
Net current assets (liabilities): 6,516 6,202
Total assets less current liabilities: 6,516 6,202
Creditors: amounts falling due after more than one year: 5 ( 25,000 ) ( 25,000 )
Total net assets (liabilities): ( 18,484 ) ( 18,798 )

The notes form part of these financial statements

INDUSTRY4 LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 18,485 ) ( 18,799 )
Shareholders funds: ( 18,484 ) ( 18,798 )

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 14 October 2024
And Signed On Behalf Of The Board By:

Name: David A. Graham
Status: Director

The notes form part of these financial statements

INDUSTRY4 LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

INDUSTRY4 LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

INDUSTRY4 LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

INDUSTRY4 LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4.Creditors: amounts falling due within one year note


2024
£

2023
£
Other creditors 6,777
Total 6,777

Repayment of R&D Loan

INDUSTRY4 LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 25,000 25,000
Total 25,000 25,000

2016 Investment Loan