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REGISTERED NUMBER: 02134037 (England and Wales)















Aztec Adhesives Limited

Financial Statements

for the Year Ended 31 December 2024






Aztec Adhesives Limited (Registered number: 02134037)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aztec Adhesives Limited

Company Information
for the year ended 31 December 2024







Directors: X Desimpel
P D Lee
I C Ward





Registered office: Victoria Road
Hyde
Cheshire
SK14 4QN





Registered number: 02134037 (England and Wales)





Auditors: Cooper Parry Group Limited
Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Aztec Adhesives Limited (Registered number: 02134037)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 35,640 44,777

Current assets
Stocks 120,096 154,577
Debtors 5 294,334 296,461
Cash at bank and in hand 260,783 194,618
675,213 645,656
Creditors
Amounts falling due within one year 6 141,891 163,157
Net current assets 533,322 482,499
Total assets less current liabilities 568,962 527,276

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 568,862 527,176
Shareholders' funds 568,962 527,276

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





P D Lee - Director


Aztec Adhesives Limited (Registered number: 02134037)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Aztec Adhesives 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.

Related party exemption
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.

Significant judgements and estimates
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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 significant risks and rewards of ownership of the goods have passed to the buyer on dispatch of the goods and when sales invoices are issued.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 15% on cost
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.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Aztec Adhesives Limited (Registered number: 02134037)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

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.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Cost
At 1 January 2024
and 31 December 2024 36,152 62,398 49,175 147,725
Depreciation
At 1 January 2024 17,471 62,249 23,228 102,948
Charge for year 723 149 8,265 9,137
At 31 December 2024 18,194 62,398 31,493 112,085
Net book value
At 31 December 2024 17,958 - 17,682 35,640
At 31 December 2023 18,681 149 25,947 44,777

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 276,412 272,942
Other debtors 17,922 23,519
294,334 296,461

Aztec Adhesives Limited (Registered number: 02134037)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 23,441 89,202
Amounts owed to group undertakings 78,302 49,266
Taxation and social security 35,257 18,046
Other creditors 4,891 6,643
141,891 163,157

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

8. Reserves
Retained
earnings
£

At 1 January 2024 527,176
Profit for the year 115,062
Dividends (73,376 )
At 31 December 2024 568,862

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Jonathan Moughton (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited

10. Parent undertaking

The immediate parent undertaking is Ace Adhesives Limited , a company incorporated in England and Wales. The company's registered office is Shenstone Drive, Northgate Aldridge, Walsall, West Midlands, WS9 8TP.

The ultimate parent undertaking is DAM122 NV , a company incorporated in Belgium. The company's registered office and address for obtaining accounts is Pathoekeweg 122, 8000 Brugge, Belgium.