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REGISTERED NUMBER: 03676535 (England and Wales)










Financial Statements

for the Year Ended 31 December 2024

for

Aalberts Surface Technologies OCT
Limited

Aalberts Surface Technologies OCT
Limited (Registered number: 03676535)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Aalberts Surface Technologies OCT
Limited (Registered number: 03676535)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,004,808 51,165

CURRENT ASSETS
Stocks 129,730 98,993
Debtors 5 472,925 1,439,935
Cash in hand 45 45
602,700 1,538,973
CREDITORS
Amounts falling due within one year 6 127,072 190,466
NET CURRENT ASSETS 475,628 1,348,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,480,436

1,399,672

PROVISIONS FOR LIABILITIES 37,992 1,461
NET ASSETS 1,442,444 1,398,211

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,442,442 1,398,209
SHAREHOLDERS' FUNDS 1,442,444 1,398,211

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 director and authorised for issue on 16 April 2025 and were signed by:





P T Brown - Director


Aalberts Surface Technologies OCT
Limited (Registered number: 03676535)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Aalberts Surface Technologies OCT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03676535

Registered office: Unit 8 Lagrange
Tamworth
Staffordshire
B79 7XD

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions regarding the carrying amounts of the company's assets and liabilities. These are based on historical experience and other factors that are considered relevant. They are reviewed on a regular basis and changes recognised in the period in which the estimate is revised. Actual results mar differ from these estimates.

The following are the critical accounting judgements and key sources of estimation uncertainty:

Tangible fixed assets are depreciated over their useful economic lives taking into account their residual values where appropriate. The acute lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technical innovation, product life cycles and maintainable programmes are taken into account. Residual values consider such things as future market condition, the remaining life of the asset and projected disposal values.

The value of stock is assessed for impairment. In assessing stock value, factors such as slow movement and obsolescence are taken into account.

Aalberts Surface Technologies OCT
Limited (Registered number: 03676535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents net invoiced sale of goods and services excluding value added tax and is recognised at the fair value of the consideration received for sale of goods and services to external customers in the ordinary course of business. Turnover is recognised when the goods have been delivered to the customer's place of business. The fair value of consideration takes into account returns, discounts and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value on a FIFO basis, 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.

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.

Aalberts Surface Technologies OCT
Limited (Registered number: 03676535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

Financial assets and liabilities
Short term debtors are measured at transaction price.

Short term creditors are measured at transaction price, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 557,888
Additions 997,531
At 31 December 2024 1,555,419
DEPRECIATION
At 1 January 2024 506,723
Charge for year 43,888
At 31 December 2024 550,611
NET BOOK VALUE
At 31 December 2024 1,004,808
At 31 December 2023 51,165

Aalberts Surface Technologies OCT
Limited (Registered number: 03676535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 115,932 127,430
Amounts owed by group undertakings 129,639 1,240,337
Other debtors 227,354 72,168
472,925 1,439,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 98,730 76,428
Taxation and social security 10,533 100,781
Other creditors 17,809 13,257
127,072 190,466

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 91,487 92,536
Between one and five years 162,010 251,660
253,497 344,196

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

The Report of the Auditors was unqualified.

David Meadows FCA (Senior Statutory Auditor)
for and on behalf of Bourne & Co

9. OTHER FINANCIAL COMMITMENTS

The company is a member of a cash pooling arrangement, maintained by Aalberts Finance B.V, with other selected Aalberts Group Companies. This arrangement requires that each company party to the agreement provides a limited guarantee covering any default on the repayment or overdraft facilities by any other member of the group. The director considers the likelihood of this being called upon as remote.

Aalberts Surface Technologies OCT
Limited (Registered number: 03676535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking and controlling party at the statement of financial position date was Aalberts N.V. a company incorporated in the Netherlands. The group financial statements are publicly available from Aalberts N.V. The registered office of Aalberts N.V. is World Trade Center, Utrecht, Stadsplateau 18, NL-3521 AZ Utrecht, PO Box 1218, NL-3500 BE, Utrecht, The Netherlands.

On 29th December 2023 the company was purchased by a fellow group company, Aalberts Surface Technologies Limited from Aalberts Surface Treatment Tamworth Limited. Aalberts Surface Technologies Limited do not prepare consolidated accounts and the parent of the smallest group for which the consolidated accounts are drawn up and available is Aalberts N.V. a company incorporated in the Netherlands.