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REGISTERED NUMBER: 04049109 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AEGINA TECHNOLOGIES LIMITED

AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AEGINA TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Miss I Kapteine
Mr M T Chalk





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: Southmoor Lane
Havant
Hampshire
P09 1JW





REGISTERED NUMBER: 04049109 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 260,608 307,987

CURRENT ASSETS
Stocks 193,310 217,968
Debtors 5 1,078,127 685,169
Cash at bank and in hand 229,504 545,996
1,500,941 1,449,133
CREDITORS
Amounts falling due within one year 6 577,810 619,302
NET CURRENT ASSETS 923,131 829,831
TOTAL ASSETS LESS CURRENT LIABILITIES 1,183,739 1,137,818

CREDITORS
Amounts falling due after more than one year 7 - (24,168 )

PROVISIONS FOR LIABILITIES (53,184 ) (63,286 )
NET ASSETS 1,130,555 1,050,364

CAPITAL AND RESERVES
Called up share capital 84,500 84,500
Revaluation reserve 10 30,320 27,296
Capital redemption reserve 10 16,500 16,500
Retained earnings 10 999,235 922,068
SHAREHOLDERS' FUNDS 1,130,555 1,050,364

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

BALANCE SHEET - continued
31 OCTOBER 2024


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 9 May 2025 and were signed on its behalf by:




Miss I Kapteine - Director



Mr M T Chalk - Director


AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Aegina Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Aegina Technologies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received from manufacturing precision components services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on reducing balance
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Revalued assets are valued on an open market basis.

The annual depreciation charge which relates to the revaluation surplus has been transferred from the revaluation reserve to the profit and loss account.

Stocks
Stock is valued at the lower of cost or net realisable value after taking into account movement in slow moving or obsolete stock.

Work in progress is valued at cost plus an element of attributable profit.

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.


AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 82,187 1,792,036 48,862 23,788 1,946,873
DEPRECIATION
At 1 November 2023 45,936 1,529,919 39,243 23,788 1,638,886
Charge for year 3,626 39,439 4,314 - 47,379
At 31 October 2024 49,562 1,569,358 43,557 23,788 1,686,265
NET BOOK VALUE
At 31 October 2024 32,625 222,678 5,305 - 260,608
At 31 October 2023 36,251 262,117 9,619 - 307,987

AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2024 is represented by:

Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2016 - 27,182 - - 27,182
Cost 82,187 1,764,854 48,862 23,788 1,919,691
82,187 1,792,036 48,862 23,788 1,946,873

If plant and machinery had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,764,165 1,764,165
Aggregate depreciation 1,555,363 1,518,343

Plant and machinery were valued on an open market basis on 31 October 2016 by Steven Mooney Machinery Limited .

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 539,784 550,163
Other debtors 116,040 135,006
655,824 685,169

Amounts falling due after more than one year:
Amounts owed by group undertakings 422,303 -

Aggregate amounts 1,078,127 685,169

AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 114,197 10,000
Hire purchase contracts (see note 8) - 11,095
Trade creditors 157,154 190,755
Taxation and social security 213,372 231,573
Other creditors 93,087 175,879
577,810 619,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 24,168

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 11,095

At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £716,214 (2023: £894,888).

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 11,095

Bank overdrafts are secured by a fixed and floating charge and debenture over all property and assets of the company including goodwill, book debts, uncalled capital and tangible assets.

AEGINA TECHNOLOGIES LIMITED (REGISTERED NUMBER: 04049109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 November 2023 922,068 27,296 16,500 965,864
Profit for the year 162,946 162,946
Dividends (83,360 ) (83,360 )
Transfer from/(to) revaluation
reserve

(2,419

)

2,419

-

-

Deferred tax - 605 - 605
At 31 October 2024 999,235 30,320 16,500 1,046,055

11. ULTIMATE CONTROLLING PARTY

Aegina Technology Limited is a wholly owned subsidiary of Aegina Holdings Limited, whose registered office is Murrills House, 48 East Street, Portchester, Hampshire, PO16 9XS and principal place of business is Southmoor Lane, Havant, Hampshire PO9 1JW.