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REGISTERED NUMBER: 09144636 (England and Wales)


















Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 31 December 2024

for

AIM Solder (UK) Ltd

AIM Solder (UK) Ltd (Registered number: 09144636)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


AIM Solder (UK) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr R Black





REGISTERED OFFICE: Units 2/3
Sedgewick Road
North Luton Industrial Estate
Luton
Bedfordshire
LU4 9DT





REGISTERED NUMBER: 09144636 (England and Wales)





AUDITORS: George Hay Partnership LLP
Chartered Accountants
Statutory Auditor
Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD

AIM Solder (UK) Ltd (Registered number: 09144636)

Group Strategic Report
for the Year Ended 31 December 2024

The director presents his strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS
AIM Solder UK is a solder manufacturing company specialized on the industrial market. The main products include solder wire, bar and fluxes which are manufactured from alloys including Tin and Lead.

The Turnover for the year was £17,713,663 (£17,710,627 2023). The Gross Profit was £3,631,754 (£2,756,864 2023)

The Company employed 26 people in year.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks facing the company in its normal activities were credit risk, commodity price risk and a competitive commodity market.

Credit risk was mitigated by the company policy to ensure that credit checks are done on all new customers before credit is granted and these limits are reviewed on a regular basis. We operate on a proforma basis unless credit limits are agreed,. Credit insurance is in place where necessary.

Hedging was used to cover commodity price risk where appropriate.

Risks from the competitive commodity market were offset by the efforts in increasing sales volume and stabilizing inventory values.

Other Risks

The group has various IT systems and applications, the failure of which could cause serious disruption to the business. The IT strategy is to ensure long term stability of these systems, data security and mitigating the increasing risk of cyber security threats to our operations.

The business recognises that it is essential that the business responds appropriately to the economic challenges that the world is facing. The combination of inflationary pressures and uncertainty in the global market is challenging but the group monitors key business KPI's to ensure that these pressures are not unduly impacting business performance and are satisfied that the right measures are being taken to mitigate these challenges.

FINANCIAL KEY PERFORMANCE INDICATORS
The key financial performance indicators are turnover and gross profit.

DEVELOPMENT AND PERFORMANCE
The commodity market has been the major factor affecting 2024 results and future performance is expected to improve as the market stabilizes and internal growth continues its trend.

ON BEHALF OF THE BOARD:





Mr R Black - Director


9 June 2025

AIM Solder (UK) Ltd (Registered number: 09144636)

Report of the Director
for the Year Ended 31 December 2024

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

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

FUTURE DEVELOPMENTS
AIM Group understands the rapidly evolving market and invests in an aggressive R&D program staffed with process engineers, metallurgists and chemists. This ensures that we provided cutting-edge solutions to meet the manufacturing challenges of tomorrow. AIM Group is strongly committed to innovative research and development of product and process improvement as well as providing customers with superior technical support, service, and training.

AIM listens to the needs of its customers and responds in a manner that meets or exceeds their expectations.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR
Mr R Black 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 Group Strategic Report, 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

AIM Solder (UK) Ltd (Registered number: 09144636)

Report of the Director
for the Year Ended 31 December 2024


AUDITORS
The auditors, George Hay Partnership LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



Mr R Black - Director


9 June 2025

Report of the Independent Auditors to the Members of
AIM Solder (UK) Ltd

Opinion
We have audited the financial statements of AIM Solder (UK) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 December 2024 and of the group's profit 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 group 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 group's and the parent 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 Group Strategic Report and 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.

Opinions 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 Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
AIM Solder (UK) Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, 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 group's and the parent 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 group or the parent company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
AIM Solder (UK) Ltd


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:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non compliance with laws and regulations, we considered the following:
1. The nature of the industry and sector, control environment and business performance
2. Key drivers for the remuneration policies of Key employee's remuneration, bonus levels and performance targets
3. Enquiries with management about their own identification and assessment of the risks of irregularities.
4. The matters discussed among the audit team regarding how and where fraud might occur and fraud indicators.
As a result of these procedures, we identified the greatest potential for fraud in terms of misstatements in the financial statements was in relation to the valuation of Stock and the calculation and inclusion of year end provisions. In common with all audits under ISA's (UK), we are also required to perform specific procedures to respond to the risk of management override. The assessment of the risk of fraud in terms of misappropriation of assets highlighted fraudulent payments as a focus area.
In addition we considered the legal and regulatory framework that the company operates in, focusing on provisions of these law and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. Key laws considered include the UK Companies Act and UK Tax Legislation.
Audit response to risks identified:
The valuation of Stock is tested by substantive and analytical procedures including a physical inspection of the site at the balance sheet date.
The calculation of provisions was also tested using a substantive approach with an emphasis on completeness.
Standard procedures were pursued to test management override including the review of year end journals and whether the judgments made in making accounting estimates are indicative of potential bias.
To cover the assessed risks in relation to fraudulent payments, we ensure that transactions are conducted in line with the company's authority matrix, together with a review of expenses in the profit and loss to ensure that they are genuine business expenses. We also perform analytical procedures to identify any unusual or unexpected relationship that may indicate risks of material misstatement due to fraud.
We remained alert to any indications of fraud or non compliance throughout the entire audit process.

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.

Report of the Independent Auditors to the Members of
AIM Solder (UK) Ltd


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.




Colin Airey FCCA (Senior Statutory Auditor)
for and on behalf of George Hay Partnership LLP
Chartered Accountants
Statutory Auditor
Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD

11 June 2025

AIM Solder (UK) Ltd (Registered number: 09144636)

Consolidated
Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

TURNOVER 4 17,713,663 17,710,627

Cost of sales 14,081,909 14,953,753
GROSS PROFIT 3,631,754 2,756,874

Administrative expenses 2,012,963 1,999,053
OPERATING PROFIT 6 1,618,791 757,821

Interest receivable and similar income 6,989 14,082
1,625,780 771,903

Interest payable and similar expenses 8 53,738 113,768
PROFIT BEFORE TAXATION 1,572,042 658,135

Tax on profit 9 461,586 208,975
PROFIT FOR THE FINANCIAL YEAR 1,110,456 449,160
Profit attributable to:
Owners of the parent 1,110,456 449,160

AIM Solder (UK) Ltd (Registered number: 09144636)

Consolidated
Other Comprehensive Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,110,456 449,160


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,110,456

449,160

Total comprehensive income attributable to:
Owners of the parent 1,110,456 449,160

AIM Solder (UK) Ltd (Registered number: 09144636)

Consolidated Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 1,644,268 2,004,296
Tangible assets 12 236,062 223,138
Investments 13 - -
1,880,330 2,227,434

CURRENT ASSETS
Stocks 14 3,218,963 3,312,799
Debtors 15 3,945,626 4,217,927
Cash at bank and in hand 199,151 486,695
7,363,740 8,017,421
CREDITORS
Amounts falling due within one year 16 1,559,004 3,675,409
NET CURRENT ASSETS 5,804,736 4,342,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,685,066

6,569,446

PROVISIONS FOR LIABILITIES 18 44,483 39,319
NET ASSETS 7,640,583 6,530,127

CAPITAL AND RESERVES
Called up share capital 19 5,538,086 5,538,086
Retained earnings 20 2,102,497 992,041
SHAREHOLDERS' FUNDS 7,640,583 6,530,127

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





Mr R Black - Director


AIM Solder (UK) Ltd (Registered number: 09144636)

Company Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 449,001 638,277
Tangible assets 12 136,206 135,160
Investments 13 3,608,502 3,608,502
4,193,709 4,381,939

CURRENT ASSETS
Stocks 14 2,372,201 2,770,632
Debtors 15 3,814,798 3,472,255
Cash at bank and in hand 165,603 264,700
6,352,602 6,507,587
CREDITORS
Amounts falling due within one year 16 4,616,258 5,720,771
NET CURRENT ASSETS 1,736,344 786,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,930,053

5,168,755

PROVISIONS FOR LIABILITIES 18 19,519 17,561
NET ASSETS 5,910,534 5,151,194

CAPITAL AND RESERVES
Called up share capital 19 5,538,086 5,538,086
Retained earnings 20 372,448 (386,892 )
SHAREHOLDERS' FUNDS 5,910,534 5,151,194

Company's profit/(loss) for the financial
year

759,340

(202,350

)

The financial statements were approved by the director and authorised for issue on 9 June 2025 and were signed by:





Mr R Black - Director


AIM Solder (UK) Ltd (Registered number: 09144636)

Consolidated 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 5,538,086 542,881 6,080,967

Changes in equity
Total comprehensive income - 449,160 449,160
Balance at 31 December 2023 5,538,086 992,041 6,530,127

Changes in equity
Total comprehensive income - 1,110,456 1,110,456
Balance at 31 December 2024 5,538,086 2,102,497 7,640,583

AIM Solder (UK) Ltd (Registered number: 09144636)

Company 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 5,538,086 (184,542 ) 5,353,544

Changes in equity
Deficit for the year - (202,350 ) (202,350 )
Total comprehensive income - (202,350 ) (202,350 )
Balance at 31 December 2023 5,538,086 (386,892 ) 5,151,194

Changes in equity
Profit for the year - 759,340 759,340
Total comprehensive income - 759,340 759,340
Balance at 31 December 2024 5,538,086 372,448 5,910,534

AIM Solder (UK) Ltd (Registered number: 09144636)

Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,879,455 738,381
Interest paid (53,738 ) (113,670 )
Interest element of hire purchase or
finance lease rental payments paid

-

(98

)
Tax paid (313,568 ) (337,018 )
Taxation refund - 226,917
Net cash from operating activities 3,512,149 514,512

Cash flows from investing activities
Purchase of intangible fixed assets - (444,159 )
Purchase of tangible fixed assets (72,889 ) (45,159 )
Sale of tangible fixed assets 3,333 -
Interest received 6,989 14,082
Net cash from investing activities (62,567 ) (475,236 )

Cash flows from financing activities
Capital repayments in year - (2,526 )
Repaid to group (3,737,126 ) (199,275 )
Net cash from financing activities (3,737,126 ) (201,801 )

Decrease in cash and cash equivalents (287,544 ) (162,525 )
Cash and cash equivalents at
beginning of year

2

486,695

649,220

Cash and cash equivalents at end of
year

2

199,151

486,695

AIM Solder (UK) Ltd (Registered number: 09144636)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 1,572,042 658,135
Depreciation charges 418,775 375,404
Profit on disposal of fixed assets (2,115 ) -
Finance costs 53,738 113,768
Finance income (6,989 ) (14,082 )
2,035,451 1,133,225
Decrease in stocks 93,836 1,417,059
Decrease/(increase) in trade and other debtors 1,333,275 (925,480 )
Increase/(decrease) in trade and other creditors 416,893 (886,423 )
Cash generated from operations 3,879,455 738,381

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 199,151 486,695
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 486,695 649,220


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 486,695 (287,544 ) 199,151
486,695 (287,544 ) 199,151
Total 486,695 (287,544 ) 199,151

AIM Solder (UK) Ltd (Registered number: 09144636)

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

1. STATUTORY INFORMATION

AIM Solder (UK) Ltd 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 General Information page.

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


2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Revenue from the sale of goods is recognised when the goods are delivered and legal title is passed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Further goodwill acquired in 2015 and 2016, is carried at cost less accumulated amortisation and is being amortised evenly over its estimated useful life of 10 years.

Goodwill on consolidation was acquired in December 2021 and has been amortised over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Customer lists are being amortised evenly over their estimated useful life of seven years.

Computer software is being amortised evenly over its estimated useful life of seven years.

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, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold Property 2% on cost
Plant and machinery etc. 20% on cost,15% on reducing balance and over length of lease.
Motor vehicles 25% on reducing balance.

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


AIM Solder (UK) Ltd (Registered number: 09144636)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Loans with the group are repayable on demand and therefore measured at cost with no adjustment made to discount future cash flows.

Debtors and creditors receivable/payable within one year.
Debtors and creditors with no stated interest rate and receivable or payable within in one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual mode

AIM Solder (UK) Ltd (Registered number: 09144636)

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

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 16,145,121 16,362,138
Europe 1,402,687 1,241,392
United States of America 35,869 12,989
Hong Kong 45,424 41,522
Other Asia 22,237 7,647
Other 3,698 4,498
Africa 56,988 17,557
Group 1,639 22,884
17,713,663 17,710,627

5. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,354,591 1,313,508
Social security costs 179,244 167,238
Other pension costs 42,247 40,234
1,576,082 1,520,980

The average number of employees during the year was as follows:
2024 2023

Direct and Engineering 10 10
Sales and Administration 16 16
26 26

The average number of employees by undertakings that were proportionately consolidated during the year was 26 (2023 - 26 ) .

2024 2023
£    £   
Director's remuneration - -

AIM Solder (UK) Ltd (Registered number: 09144636)

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

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 170,331 174,652
Depreciation - owned assets 58,747 48,678
Profit on disposal of fixed assets (2,115 ) -
Goodwill amortisation 286,328 301,578
Customer lists amortisation 63,451 15,863
Computer software amortisation 10,249 9,285
Foreign exchange differences (1,615 ) 69,039

7. AUDITORS' REMUNERATION

Auditors Remuneration for the year was £21,700 (£20,000)

8. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 3,682 -
Interest on group loan 50,056 113,670
Hire purchase - 98
53,738 113,768

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 456,422 204,007

Deferred tax 5,164 4,968
Tax on profit 461,586 208,975

UK corporation tax has been charged at 25 % (2023 - 23.52 %).

AIM Solder (UK) Ltd (Registered number: 09144636)

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

9. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,572,042 658,135
Profit multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 23.520 %)

393,011

154,793

Effects of:
Expenses not deductible for tax purposes 69,736 54,419
Utilisation of tax losses (1,161 ) (3,312 )

Adjustment to deferred tax in respect of change in tax rates - 3,075
Total tax charge 461,586 208,975

10. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


11. INTANGIBLE FIXED ASSETS

Group
Customer Computer
Goodwill lists software Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 3,015,780 444,159 71,741 3,531,680
AMORTISATION
At 1 January 2024 1,494,572 15,863 16,949 1,527,384
Amortisation for year 286,328 63,451 10,249 360,028
At 31 December 2024 1,780,900 79,314 27,198 1,887,412
NET BOOK VALUE
At 31 December 2024 1,234,880 364,845 44,543 1,644,268
At 31 December 2023 1,521,208 428,296 54,792 2,004,296

AIM Solder (UK) Ltd (Registered number: 09144636)

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

11. INTANGIBLE FIXED ASSETS - continued

Company
Customer Computer
Goodwill lists software Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,308,257 444,159 71,741 1,824,157
AMORTISATION
At 1 January 2024 1,153,068 15,863 16,949 1,185,880
Amortisation for year 115,576 63,451 10,249 189,276
At 31 December 2024 1,268,644 79,314 27,198 1,375,156
NET BOOK VALUE
At 31 December 2024 39,613 364,845 44,543 449,001
At 31 December 2023 155,189 428,296 54,792 638,277

12. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 115,312 534,846 125,380
Additions - 37,906 2,170
Disposals - - -
At 31 December 2024 115,312 572,752 127,550
DEPRECIATION
At 1 January 2024 77,676 364,307 111,747
Charge for year 13,207 26,900 11,510
Eliminated on disposal - - -
At 31 December 2024 90,883 391,207 123,257
NET BOOK VALUE
At 31 December 2024 24,429 181,545 4,293
At 31 December 2023 37,636 170,539 13,633

AIM Solder (UK) Ltd (Registered number: 09144636)

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

12. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 17,692 702 793,932
Additions 24,735 8,078 72,889
Disposals (17,692 ) - (17,692 )
At 31 December 2024 24,735 8,780 849,129
DEPRECIATION
At 1 January 2024 16,364 700 570,794
Charge for year 5,779 1,351 58,747
Eliminated on disposal (16,474 ) - (16,474 )
At 31 December 2024 5,669 2,051 613,067
NET BOOK VALUE
At 31 December 2024 19,066 6,729 236,062
At 31 December 2023 1,328 2 223,138

Company
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 115,312 179,678 125,380 702 421,072
Additions - 30,283 2,170 8,078 40,531
At 31 December 2024 115,312 209,961 127,550 8,780 461,603
DEPRECIATION
At 1 January 2024 77,676 95,789 111,747 700 285,912
Charge for year 13,207 13,417 11,510 1,351 39,485
At 31 December 2024 90,883 109,206 123,257 2,051 325,397
NET BOOK VALUE
At 31 December 2024 24,429 100,755 4,293 6,729 136,206
At 31 December 2023 37,636 83,889 13,633 2 135,160

AIM Solder (UK) Ltd (Registered number: 09144636)

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

13. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 3,608,502
NET BOOK VALUE
At 31 December 2024 3,608,502
At 31 December 2023 3,608,502

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary


B.L.T Circuit Services Ltd
Registered office: Eldo House, Suffolk Business Park, Bury St Edmonds, Suffolk IP32 7AR
Nature of business: Sale of Chemicals and equipment
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 4,143,184 3,621,316
Profit for the year 521,868 822,262

The company holds 100 £1 ordinary shares in its subsidiary.


14. STOCKS

Group Company
2024 2023 2024 2023
£    £    £    £   
Stocks 3,218,963 3,312,799 2,372,201 2,770,632

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 2,255,951 3,232,280 1,696,420 2,544,309
Amounts owed by group undertakings 1,060,974 - 1,543,541 -
Sundry Debtors and Prepayments 628,701 985,647 574,837 927,946
3,945,626 4,217,927 3,814,798 3,472,255

AIM Solder (UK) Ltd (Registered number: 09144636)

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

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 547,274 409,146 207,349 179,278
Amounts owed to group undertakings 89,683 2,765,835 3,792,906 5,321,230
Tax 196,079 53,225 125,836 -
Social security and other taxes 89,476 88,015 30,805 26,066
VAT 431,608 195,345 360,871 106,569
Sundry Creditors and Accruals 204,884 163,843 98,491 87,628
1,559,004 3,675,409 4,616,258 5,720,771

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 112,244 107,705
Between one and five years 95,122 12,790
207,366 120,495

Company
Non-cancellable operating leases
2024 2023
£    £   
Within one year 58,559 53,411
Between one and five years 14,506 4,000
73,065 57,411

18. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 44,483 39,319 19,519 17,561

Group
Deferred
tax
£   
Balance at 1 January 2024 39,319
Provided during year 5,164
Balance at 31 December 2024 44,483

AIM Solder (UK) Ltd (Registered number: 09144636)

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

18. PROVISIONS FOR LIABILITIES - continued

Company
Deferred
tax
£   
Balance at 1 January 2024 17,561
Provided during year 1,958
Balance at 31 December 2024 19,519

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,538,086 Ordinary £1 5,538,086 5,538,086

20. RESERVES

Group
Retained
earnings
£   

At 1 January 2024 992,041
Profit for the year 1,110,456
At 31 December 2024 2,102,497

Company
Retained
earnings
£   

At 1 January 2024 (386,892 )
Profit for the year 759,340
At 31 December 2024 372,448


21. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The charge to the profit and loss in the year was £42,247 (£40,234 2023)

22. OTHER FINANCIAL COMMITMENTS

There is a fixed and floating charge over the assets of the company.

AIM Solder (UK) Ltd (Registered number: 09144636)

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

23. POST BALANCE SHEET EVENTS

On 24 March 2025 the company purchased 51% Investment in an Indian company. The company is a manufacturer of Electronic Solder.

The Investment was purchased for $8million US Dollars and was financed by a loan from AIM Metals and Alloys LP.

24. ULTIMATE CONTROLLING PARTY

Group financial statements, in which the company's financial results are included, are prepared by its parent company:
AIM Metals & Alloys Inc.
9100 Boul Henri-Bourassa East
Montreal
Quebec
Canada
H1E 2S4

AIM Metals & Alloys Inc. is incorporated in Canada.