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Registered number: 11854961
















TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023


































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TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)
REGISTERED NUMBER:11854961

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,801
4,102

  
3,801
4,102

Current assets
  

Stocks
  
234,991
234,200

Debtors
 5 
151,286
239,244

Cash at bank and in hand
 6 
118,230
59,565

  
504,507
533,009

Creditors: amounts falling due within one year
 7 
(521,095)
(528,173)

Net current (liabilities)/assets
  
(16,588)
4,836

Total assets less current liabilities
  
(12,787)
8,938

  

Net (liabilities)/assets
  
(12,787)
8,938


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
 9 
(12,887)
8,838

  
(12,787)
8,938


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Laurie Stinson
Director

Date: 1 May 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1


TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The principal activity of the Company during the financial year was designing, producing, purchasing and distributing industrial clamping solutions. 
Tridon EMEA Limited (formerly MPC Industries UK Limited) is a private company, limited by shares, registered in England and Wales. Its registered number is 11854961 and its registered office is Unit 3a Riverside Business Park, Royd Ings Avenue, Keighley, England, BD21 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Going concern

The Directors have prepared budgets for a period of at least 12 months following the date of approval of the financial statements. In addition, written confirmation has been obtained from the parent company, confirming that they will provide ongoing financial support to the company. The Directors consider the parent company to have sufficent working capital facilites in order to provide the necessary support on which the Company is reliant on for the foreseeable future.
Repayment of the outstanding intercompany balance will not be demanded if to do so would jeopardise the Company's ability to operate.
As a result, the Directors are of the opinion that the Company will continue in operational existence for the foreseeable future. On this basis the financial statements have been prepared on a going concern basis. The financial statements do not reflect the adjustments that would be necessary should the ability of the company to trade be jeopardise due to a material issue with the availability of its work force, the level of demand for its work force, its ability to supply services to its customers or the support noted above being written.

Page 2


TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Pensions

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4


TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022: 4).


4.


Tangible fixed assets





Plant and machinery

£



COST


At 1 January 2023
6,790


Additions
1,055



At 31 December 2023

7,845



DEPRECIATION


At 1 January 2023
2,688


Charge for the year on owned assets
1,356



At 31 December 2023

4,044



NET BOOK VALUE



At 31 December 2023
3,801



At 31 December 2022
4,102

Page 5


TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£



Trade debtors
131,338
233,744

Other debtors
500
500

Prepayments and accrued income
5,000
5,000

Deferred taxation
14,448
-

151,286
239,244



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
118,230
59,565

118,230
59,565



7.


Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
31,474
34,790

Amounts owed to group undertakings
456,608
452,270

Corporation tax
1,798
3,868

Other taxation and social security
19,618
32,595

Other creditors
4,166
174

Accruals and deferred income
7,431
4,476

521,095
528,173



8.


Share capital

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022: 100) Ordinary shares of £1.00 each
100
100


Page 6


TRIDON EMEA LIMITED (FORMERLY MPC INDUSTRIES UK LIMITED)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Reserves

Profit and loss account

This reserves includes all current and prior periods retained profits and losses.


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are helf separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £216 (2022: £897). Contributions totalling £Nil (2022: £74) were payable to the fund at the balance sheet date and are included in creditors.


11.


Post balance sheet events

On August 1, 2024, Tridon EMEA Limited, a subsidiary of the Ideal Tridon Group, completed the acquisition of Advanced Couplings Limited (ACL), a Roscommon, Ireland-based manufacturer specialising in stainless steel clamp-type tube connections for the food, pharmaceutical, and related process industries. As part of this restructuring, this led to the change in name of MPC Industries UK Limited to Tridon EMEA Limited.
This acquisition represents a significant post-balance sheet event for Tridon EMEA, as it occurred after the reporting period ending December 31, 2023, and is expected to have a material impact on the company's future financial statements.


12.


Controlling party

Ideal Acquisition Holdings Inc., a Company incorporated in the United States of America, is the ultimate parent company and controlling party. 


13.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 7 May 2025 by David Butler FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 7