IRIS Accounts Production v25.1.3.33 07220217 director 1.1.24 31.12.24 31.12.24 Trading false true true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072202172023-12-31072202172024-12-31072202172024-01-012024-12-31072202172022-12-31072202172023-01-012023-12-31072202172023-12-3107220217ns15:EnglandWales2024-01-012024-12-3107220217ns14:PoundSterling2024-01-012024-12-3107220217ns10:Director12024-01-012024-12-3107220217ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107220217ns10:SmallEntities2024-01-012024-12-3107220217ns10:Audited2024-01-012024-12-3107220217ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107220217ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107220217ns10:FullAccounts2024-01-012024-12-3107220217ns10:OrdinaryShareClass12024-01-012024-12-3107220217ns10:RegisteredOffice2024-01-012024-12-3107220217ns5:CurrentFinancialInstruments2024-12-3107220217ns5:CurrentFinancialInstruments2023-12-3107220217ns5:ShareCapital2024-12-3107220217ns5:ShareCapital2023-12-3107220217ns5:RetainedEarningsAccumulatedLosses2024-12-3107220217ns5:RetainedEarningsAccumulatedLosses2023-12-3107220217ns5:ShareCapital2022-12-3107220217ns5:RetainedEarningsAccumulatedLosses2022-12-3107220217ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3107220217ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3107220217ns5:OwnedAssets2024-01-012024-12-3107220217ns5:OwnedAssets2023-01-012023-12-3107220217ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3107220217ns5:PlantMachinery2023-12-3107220217ns5:ComputerEquipment2023-12-3107220217ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3107220217ns5:PlantMachinery2024-01-012024-12-3107220217ns5:ComputerEquipment2024-01-012024-12-3107220217ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3107220217ns5:PlantMachinery2024-12-3107220217ns5:ComputerEquipment2024-12-3107220217ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3107220217ns5:PlantMachinery2023-12-3107220217ns5:ComputerEquipment2023-12-3107220217ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107220217ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107220217ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 07220217 (England and Wales)














Report of the Director and

Financial Statements

for the Year Ended 31 December 2024

for

Diagnosys Ferndown Limited

Diagnosys Ferndown Limited (Registered number: 07220217)






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




Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 3

Income Statement 6

Balance Sheet 7

Statement of Changes in Equity 8

Notes to the Financial Statements 9


Diagnosys Ferndown Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr J Mulato





REGISTERED OFFICE: Suite A35, Arena Business Centre
9 Nimrod Way
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7UH





REGISTERED NUMBER: 07220217 (England and Wales)





AUDITORS: Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Diagnosys Ferndown Limited (Registered number: 07220217)

Report of the Director
for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

DIRECTOR
Mr J Mulato held office during the whole of the period from 1 January 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Ward Goodman Audit Services Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr J Mulato - Director


26 June 2025

Report of the Independent Auditors to the Members of
Diagnosys Ferndown Limited

Opinion
We have audited the financial statements of Diagnosys Ferndown Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Diagnosys Ferndown Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Diagnosys Ferndown Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory frameworks applicable to the company and the sector in which they operate.
- We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquires to the management and we corroborated our inquiries through our review or board reports.
- We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

o Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
o Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
o Challenging assumptions and judgments made by management in its significant accounting estimates;
o Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; and
o Assessing the extent of compliance with the relevant law and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Ian Rodd BSc FCA FCCA (Senior Statutory Auditor)
for and on behalf of Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

26 June 2025

Diagnosys Ferndown Limited (Registered number: 07220217)

Income Statement
for the Year Ended 31 December 2024

2024 2023
as restated
Notes £    £   

TURNOVER 3,519,996 2,973,610

Cost of sales 2,175,968 1,567,983
GROSS PROFIT 1,344,028 1,405,627

Administrative expenses 1,463,173 961,733
(119,145 ) 443,894

Other operating income 46,212 31,240
OPERATING (LOSS)/PROFIT 4 (72,933 ) 475,134


Interest payable and similar expenses - 1,881
(LOSS)/PROFIT BEFORE TAXATION (72,933 ) 473,253

Tax on (loss)/profit 5 (10,167 ) 107,514
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(62,766

)

365,739

Diagnosys Ferndown Limited (Registered number: 07220217)

Balance Sheet
31 December 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 7 15,825 6,421

CURRENT ASSETS
Stocks 8 71,282 742,727
Debtors 9 4,002,311 3,447,128
Cash at bank and in hand 223,376 34,524
4,296,969 4,224,379
CREDITORS
Amounts falling due within one year 10 2,602,534 2,519,774
NET CURRENT ASSETS 1,694,435 1,704,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,710,260

1,711,026

PROVISIONS FOR LIABILITIES 11 92,000 30,000
NET ASSETS 1,618,260 1,681,026

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 1,618,259 1,681,025
SHAREHOLDERS' FUNDS 1,618,260 1,681,026

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

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





Mr J Mulato - Director


Diagnosys Ferndown Limited (Registered number: 07220217)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 1 1,315,286 1,315,287

Changes in equity
Total comprehensive income - 365,739 365,739
Balance at 31 December 2023 1 1,681,025 1,681,026

Changes in equity
Total comprehensive income - (62,766 ) (62,766 )
Balance at 31 December 2024 1 1,618,259 1,618,260

Diagnosys Ferndown Limited (Registered number: 07220217)

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

1. STATUTORY INFORMATION

Diagnosys Ferndown 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Office Equipment 33% Straight line
Production Equipment 33% Straight line
Short leasehold25% Straight line


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Diagnosys Ferndown Limited (Registered number: 07220217)

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

2. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include trade and other debtors 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 financing transaction, where the financial asset is measured at the present value of the future receipts discounted at at market rate of interest.

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held at call with banks.

Debtors
Short term debtors are measured at transaction price, less any provisions for amounts considered irrecoverable. Loans receivable are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective rate of interest method, less any impairment.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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

Provisions
Provisions are recognised when the company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be reliably estimated.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

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.

Diagnosys Ferndown Limited (Registered number: 07220217)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except 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 rates and laws that have been enacted or substantively enacted at 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 rates and laws that have been enacted or substantively enacted by the period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

2024 2023
as restated
£    £   
Director's remuneration - -

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024 2023
as restated
£    £   
Depreciation - owned assets 4,671 6,467

Diagnosys Ferndown Limited (Registered number: 07220217)

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

5. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
2024 2023
as restated
£    £   
Current tax:
UK corporation tax - 100,609
Over provision (10,167 ) -
Total current tax (10,167 ) 100,609

Deferred tax - 6,905
Tax on (loss)/profit (10,167 ) 107,514

6. PRIOR YEAR ADJUSTMENT

There was a prior year adjustment to gross up intercompany wages recharged to foreign group entities which had previously been net off against wage expense. The adjustment has increased income and administrative expenses by £127,179 in the comparative year. There was no impact on reserves as a result of this change.

7. TANGIBLE FIXED ASSETS
Short Production Office
leasehold Equipment equipmt Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 20,838 9,500 30,789 61,127
Additions 10,098 17,263 - 27,361
Disposals (30,936 ) (9,500 ) (30,789 ) (71,225 )
At 31 December 2024 - 17,263 - 17,263
DEPRECIATION
At 1 January 2024 19,171 9,500 26,035 54,706
Charge for year 2,184 1,438 1,049 4,671
Eliminated on disposal (21,355 ) (9,500 ) - (30,855 )
Impairments - - (27,084 ) (27,084 )
At 31 December 2024 - 1,438 - 1,438
NET BOOK VALUE
At 31 December 2024 - 15,825 - 15,825
At 31 December 2023 1,667 - 4,754 6,421


Diagnosys Ferndown Limited (Registered number: 07220217)

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

8. STOCKS
2024 2023
as restated
£    £   
Stocks 71,282 742,727

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 27,117 15,589
Amounts owed by group undertakings 3,884,380 2,787,404
Other debtors 25,829 18,736
Tax 20,756 -
VAT debtor 12,185 25,115
Prepayments and accrued income 32,044 600,284
4,002,311 3,447,128

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 115,450 255,644
Amounts owed to group undertakings 2,183,328 1,946,372
Tax - 66,451
Social security and other taxes 30,027 51,034
Pension creditor 3,615 7,252
Other creditors 37,536 112,878
Accruals and deferred income 214,018 36,695
Deferred income 18,560 43,448
2,602,534 2,519,774

11. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Other provisions 92,000 30,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
1 Ordinary £1 1 1

Diagnosys Ferndown Limited (Registered number: 07220217)

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

13. RELATED PARTY DISCLOSURES

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.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Astronics Corporation.

Astronics Corporation is the ultimate parent company of Diagnosys Ferndown Limited.
Astronics Corporation is registered on the NASDAQ Stock Market. The accounts of Diagnosys Ferndown Limited are consolidated into the accounts of Astronics Corporation. The consolidated accounts can be found at the head office address of 130 Commerce Way, East Aurora, NY14052, New York, USA.