Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Jason Elder 16/02/2015 Joyce Lean Lunsford 16/02/2015 Gregory Molter 16/02/2015 Ian David Smith 06/04/1998 Paul James Stevens 16/07/2004 Grahame Laurence Wardall 06/04/1998 29 May 2025 The principle activity of the company during the year was the manufacture of basic chemicals, and of electronic measuring and testing equipment. 01281028 2024-12-31 01281028 bus:Director1 2024-12-31 01281028 bus:Director2 2024-12-31 01281028 bus:Director3 2024-12-31 01281028 bus:Director4 2024-12-31 01281028 bus:Director5 2024-12-31 01281028 bus:Director6 2024-12-31 01281028 2023-12-31 01281028 core:CurrentFinancialInstruments 2024-12-31 01281028 core:CurrentFinancialInstruments 2023-12-31 01281028 core:Non-currentFinancialInstruments 2024-12-31 01281028 core:Non-currentFinancialInstruments 2023-12-31 01281028 core:ShareCapital 2024-12-31 01281028 core:ShareCapital 2023-12-31 01281028 core:RetainedEarningsAccumulatedLosses 2024-12-31 01281028 core:RetainedEarningsAccumulatedLosses 2023-12-31 01281028 core:LandBuildings 2023-12-31 01281028 core:LeaseholdImprovements 2023-12-31 01281028 core:PlantMachinery 2023-12-31 01281028 core:Vehicles 2023-12-31 01281028 core:FurnitureFittings 2023-12-31 01281028 core:LandBuildings 2024-12-31 01281028 core:LeaseholdImprovements 2024-12-31 01281028 core:PlantMachinery 2024-12-31 01281028 core:Vehicles 2024-12-31 01281028 core:FurnitureFittings 2024-12-31 01281028 bus:OrdinaryShareClass1 2024-12-31 01281028 2024-01-01 2024-12-31 01281028 bus:FilletedAccounts 2024-01-01 2024-12-31 01281028 bus:SmallEntities 2024-01-01 2024-12-31 01281028 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01281028 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01281028 bus:Director1 2024-01-01 2024-12-31 01281028 bus:Director2 2024-01-01 2024-12-31 01281028 bus:Director3 2024-01-01 2024-12-31 01281028 bus:Director4 2024-01-01 2024-12-31 01281028 bus:Director5 2024-01-01 2024-12-31 01281028 bus:Director6 2024-01-01 2024-12-31 01281028 core:LandBuildings core:BottomRangeValue 2024-01-01 2024-12-31 01281028 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 01281028 core:LeaseholdImprovements core:TopRangeValue 2024-01-01 2024-12-31 01281028 core:PlantMachinery core:BottomRangeValue 2024-01-01 2024-12-31 01281028 core:PlantMachinery core:TopRangeValue 2024-01-01 2024-12-31 01281028 core:Vehicles core:TopRangeValue 2024-01-01 2024-12-31 01281028 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 01281028 2023-01-01 2023-12-31 01281028 core:LandBuildings 2024-01-01 2024-12-31 01281028 core:LeaseholdImprovements 2024-01-01 2024-12-31 01281028 core:PlantMachinery 2024-01-01 2024-12-31 01281028 core:Vehicles 2024-01-01 2024-12-31 01281028 core:FurnitureFittings 2024-01-01 2024-12-31 01281028 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 01281028 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 01281028 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01281028 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01281028 (England and Wales)

ELEMENTAL MICRO-ANALYSIS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

ELEMENTAL MICRO-ANALYSIS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

ELEMENTAL MICRO-ANALYSIS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
ELEMENTAL MICRO-ANALYSIS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,617,042 1,591,827
1,617,042 1,591,827
Current assets
Stocks 2,125,299 2,007,685
Debtors 4 742,276 997,248
Cash at bank and in hand 5 257,485 199,453
3,125,060 3,204,386
Creditors: amounts falling due within one year 6 ( 1,550,591) ( 1,620,885)
Net current assets 1,574,469 1,583,501
Total assets less current liabilities 3,191,511 3,175,328
Creditors: amounts falling due after more than one year 7 ( 3,053,516) ( 329,461)
Provision for liabilities ( 17,775) ( 157,770)
Net assets 120,220 2,688,097
Capital and reserves
Called-up share capital 8 15,000 15,000
Profit and loss account 105,220 2,673,097
Total shareholders' funds 120,220 2,688,097

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Elemental Micro-Analysis Limited (registered number: 01281028) were approved and authorised for issue by the Board of Directors on 29 May 2025. They were signed on its behalf by:

Gregory Molter
Director
ELEMENTAL MICRO-ANALYSIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
ELEMENTAL MICRO-ANALYSIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Elemental Micro-Analysis Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Hameldown Road, Exeter Road Industrial Estate, Okehampton, EX20 1UB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 25 - 50 years straight line
Leasehold improvements 10 years straight line
Plant and machinery 3 - 10 years straight line
Vehicles 5 years straight line
Fixtures and fittings 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 57 59

3. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £ £
Cost
At 01 January 2024 1,518,741 367,430 581,281 15,519 277,695 2,760,666
Additions 0 11,922 99,988 0 23,079 134,989
Disposals 0 0 ( 54,000) 0 0 ( 54,000)
At 31 December 2024 1,518,741 379,352 627,269 15,519 300,774 2,841,655
Accumulated depreciation
At 01 January 2024 156,242 318,903 432,646 13,450 247,598 1,168,839
Charge for the financial year 30,421 9,488 41,149 2,069 14,812 97,939
Disposals 0 0 ( 42,165) 0 0 ( 42,165)
At 31 December 2024 186,663 328,391 431,630 15,519 262,410 1,224,613
Net book value
At 31 December 2024 1,332,078 50,961 195,639 0 38,364 1,617,042
At 31 December 2023 1,362,499 48,527 148,635 2,069 30,097 1,591,827

4. Debtors

2024 2023
£ £
Trade debtors 509,096 636,970
Amounts owed by Group undertakings 0 435
Prepayments 85,409 74,338
VAT recoverable 112,121 90,212
Other debtors 35,650 195,293
742,276 997,248

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 257,485 199,453
Less: Bank overdrafts 0 ( 160,999)
257,485 38,454

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 0 272,254
Trade creditors 297,506 262,185
Amounts owed to Group undertakings 0 418,796
Accruals 38,051 162,832
Other taxation and social security 40,286 40,031
Other creditors 1,174,748 464,787
1,550,591 1,620,885

There are no amounts included above in respect of which any security has been given by the small entity.

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

2024 2023
£ £
Bank loans 0 329,461
Other creditors 3,053,516 0
3,053,516 329,461

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
15,000 Ordinary shares of £ 1.00 each 15,000 15,000

9. Related party transactions

Transactions with owners holding a participating interest in the entity

Elemental Micro-Analysis Limited has taken the exemption in Section 1AC.35 of FRS102 from disclosing related party transactions with 100% owned group companies.

Other related party transactions

2024 2023
£ £
Amounts owed to an associated company 3,053,516 0

During the accounting period, loan balances held between Elemental Micro-Analysis Limited and other companies under common control totalling £611,599 were written off.

10. Ultimate controlling party

Parent Company:

AAG UK Incorporated
Corporation Trust Center
1209 Orange St
Wilmington
New Castle
Delaware
19801