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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
Page
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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
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Olsen Actuation UK Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,661 
13,321 
Tangible assets
123,203 
202,366 
Investments
18,294 
18,294 
148,158 
233,981 
Current assets
Inventories
285,666 
194,793 
Debtors
1,342,030 
1,243,330 
Cash at bank and in hand
850,555 
249,200 
2,478,251 
1,687,323 
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 
Capital and reserves
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
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Olsen Actuation UK Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Directors' summary
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.
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Olsen Actuation UK Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2024
33,302 
At 31 March 2025
33,302 
Amortisation
At 1 April 2024
19,981 
Charge for the year
6,660 
At 31 March 2025
26,641 
Net book value
At 31 March 2025
6,661 
At 31 March 2024
13,321 
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 
Additions
13,100 
- 
13,100 
Disposals
- 
(68,933)
(68,933)
At 31 March 2025
90,882 
189,094 
279,976 
Depreciation
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 
Net book value
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 
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Olsen Actuation UK Ltd Notes to the Accounts for the year ended 31 March 2025
7
Debtors
2025 
2024 
£ 
£ 
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 
- 
Other debtors
210,638 
978 
1,342,030 
1,243,330 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
198,130 
70,000 
VAT
140,225 
229,305 
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 
Accruals
89,228 
5,000 
967,831 
869,481 
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 
540,117 
191,735 
10
Average number of employees
During the year the average number of employees was 20 (2024: 14).
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