Company Registration No. 06857054 (England and Wales)
Olsen Actuation UK Ltd
Unaudited accounts
for the year ended 31 March 2025
Olsen Actuation UK Ltd
Unaudited accounts
Contents
Olsen Actuation UK Ltd
Company Information
for the year ended 31 March 2025
Directors
Piers Olsen
Adam Bargh (appointed 1 April 2024)
Andrew Sherry (appointed 1 April 2024)
Company Number
06857054 (England and Wales)
Registered Office
Daresbury Sci-Tech The Innovation Centre
Keckwick Lane
Daresbury
Cheshire
WA4 4FS
United Kingdom
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Olsen Actuation UK Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
6,661
13,321
Tangible assets
123,203
202,366
Inventories
285,666
194,793
Debtors
1,342,030
1,243,330
Cash at bank and in hand
850,555
249,200
Creditors: amounts falling due within one year
(967,831)
(869,481)
Net current assets
1,510,420
817,842
Total assets less current liabilities
1,658,578
1,051,823
Creditors: amounts falling due after more than one year
(540,117)
(191,735)
Net assets
1,118,461
860,088
Called up share capital
1
1
Profit and loss account
1,118,460
860,087
Shareholders' funds
1,118,461
860,088
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by
Piers Olsen
Director
Company Registration No. 06857054
Olsen Actuation UK Ltd
Notes to the Accounts
for the year ended 31 March 2025
Olsen Actuation UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 06857054. The registered office is Daresbury Sci-Tech The Innovation Centre, Keckwick Lane, Daresbury, Cheshire, WA4 4FS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company is delighted with the progress again this year moving to a new 10,000sqft building for fast prototype production. We now passed and are qualified to AS9100D aircraft Quality standard. Several eVTOL aircraft completed testing and flight trials using our EMA's and roller screws. We were awarded with two Prime contractor production contracts running over 36 months. Olsen successfully won two additional large custom EMA Export contracts and several new USA OEM Multi-National clients. We won our first fixed wing aircraft order for 50 flap actuators. We won new clients in the Space sector with new exclusive products and we successfully delivered the UK Space agency funded Luna winch proof of concept. Olsen celebrated 20 years since the group was established. Olsen continues to grow its international profile through key trade shows and engagement with government officials. An average of 6 additional staff were given employment. Olsen invested and made a strategic partnership and part acquisition of ALT roller screws and bearings the key components within our EMA's based in Chambéry, France. Order input, Sales and Open Order book all grew with a focus on high value add, high technology applications. Profitability continues to grow with strong performance ratios. Henry Hackford joins as New Business Director an aerospace professional with +20 years experience with a remit to grow our customer base and develop new markets.
Olsen Actuation UK Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
77,782
258,027
335,809
Disposals
-
(68,933)
(68,933)
At 31 March 2025
90,882
189,094
279,976
At 1 April 2024
38,445
94,998
133,443
Charge for the year
22,724
34,667
57,391
On disposals
-
(34,061)
(34,061)
At 31 March 2025
61,169
95,604
156,773
At 31 March 2025
29,713
93,490
123,203
At 31 March 2024
39,337
163,029
202,366
6
Investments
Other investments
Valuation at 1 April 2024
18,294
Valuation at 31 March 2025
18,294
Olsen Actuation UK Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
1,101,259
1,099,896
Amounts due from group undertakings etc.
4,480
142,456
Accrued income and prepayments
25,653
-
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
198,130
70,000
Obligations under finance leases and hire purchase contracts
19,614
14,735
Trade creditors
199,686
490,348
Amounts owed to group undertakings and other participating interests
-
11,435
Taxes and social security
292,902
41,410
Other creditors
28,046
5,697
Loans from directors
-
1,551
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
524,418
124,167
Obligations under finance leases and hire purchase contracts
15,699
67,568
10
Average number of employees
During the year the average number of employees was 20 (2024: 14).