Influx Measurements Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03636204 (England and Wales)

INFLUX MEASUREMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M B Towner

Mrs C Towner Parri

Mr M Smith

Mr E Wesley

SECRETARY:

Mr M B Towner

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandlers Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

03636204 (England and Wales)

BANKERS:

Barclays Bank plc

6-8 High Street

Ringwood

Hampshire

BH24 1BZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,231,780

988,528

1,231,780

988,528

CURRENT ASSETS

Stocks

229,913

264,254

Debtors

6

1,212,725

1,198,513

Cash at bank and in hand

834,634

685,452

2,277,272

2,148,219

CREDITORS

Amounts falling due within one year

7

(431,507

)

(363,290

)

NET CURRENT ASSETS

1,845,765

1,784,929

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,077,545

2,773,457

CREDITORS

Amounts falling due after more than one
year

8

(50,801

)

-

PROVISIONS FOR LIABILITIES

(157,474

)

(114,658

)

NET ASSETS

2,869,270

2,658,799

CAPITAL AND RESERVES

Called up share capital

6,778

Share premium

31,034

Capital redemption reserve

4,748

Revaluation reserve

357,837

Retained earnings

2,468,873

2,258,402

SHAREHOLDERS' FUNDS

2,869,270

2,658,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

Mr M B Towner - Director

1.	STATUTORY INFORMATION

Influx Measurements 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 FRS 102 "The Financial Reporting Standards 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 company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer.

Development costs

Development costs have been fully ammortised over its estimated useful life of four years.

Goodwill

Goodwill has been fully ammortised over its estimated useful life of ten years

Intellectual property

Intellectual property has been fully amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided as the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - Straight Line over 10 years and Straight line over 12 years

Motor vehicles - 25% Reducing balance

Computer equipment - Straight line over 4 years

Freehold property is held under the revaluation model.

Any surplus arising on revaluation of freehold property is held in the revaluation reserve, net of any provision for deferred tax.

Any gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset and is recognised in the income statement.

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 Income Statement, 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.

Research and development

Expenditure on research and development is recognised in the income statement during the year in which it is incurred.

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.

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 profit or loss in the period to which they relate.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Intellectual

Goodwill

costs

property

Totals

£

COST

At 1 January 2024

and 31 December 2024

15,000

18,352

60,000

93,352

AMORTISATION

At 1 January 2024

and 31 December 2024

15,000

18,352

60,000

93,352

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

925,000

38,223

85,551

3,337

1,052,111

Additions

-

194,449

85,788

-

280,237

Disposals

-

(29,066

)

-

(29,066

)

At 31 December 2024

925,000

232,672

142,273

3,337

1,303,282

DEPRECIATION

At 1 January 2024

-

6,855

54,455

2,273

63,583

Charge for year

-

15,426

16,199

834

32,459

Eliminated on disposal

-

(24,540

)

-

(24,540

)

At 31 December 2024

-

22,281

46,114

3,107

71,502

NET BOOK VALUE

At 31 December 2024

925,000

210,391

96,159

230

1,231,780

At 31 December 2023

925,000

31,368

31,096

1,064

988,528

If freehold property had not been revalued it would have been included at a cost of £473,045.

Freehold property was valued on an open market value basis on 31 December 2024 by the directors

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

556,277

363,165

Amounts owed by group undertakings

589,754

749,315

Other debtors

66,694

86,033

1,212,725

1,198,513

Amounts owed by group undertakings do not attract interest and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

175,963

213,020

Taxation and social security

191,066

139,761

Other creditors

64,478

10,509

431,507

363,290

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Other creditors

50,801

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

14,514

4,644

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year advances totalling £177 (2023: £44) were made to the company's directors. Nil (2023 :£10,034) was repaid during the year. At the balance sheet date the company was owed by the directors £598 (2023: £421 owed to the directors).

No interest has been charged on these loan balances. Loans are repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is MBT Sensors Developments Limited, a company registered in the UK.