IRIS Accounts Production v25.1.4.42 02597990 Board of Directors 1.1.24 31.12.24 31.12.24 the supply, service and maintenance of robotic automation control systems. false true true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025979902023-12-31025979902024-12-31025979902024-01-012024-12-31025979902022-12-31025979902023-01-012023-12-31025979902023-12-3102597990ns15:EnglandWales2024-01-012024-12-3102597990ns14:PoundSterling2024-01-012024-12-3102597990ns10:Director12024-01-012024-12-3102597990ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102597990ns10:SmallEntities2024-01-012024-12-3102597990ns10:Audited2024-01-012024-12-3102597990ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102597990ns10:FullAccounts2024-01-012024-12-3102597990ns10:OrdinaryShareClass12024-01-012024-12-3102597990ns10:Director22024-01-012024-12-3102597990ns10:RegisteredOffice2024-01-012024-12-3102597990ns5:CurrentFinancialInstruments2024-12-3102597990ns5:CurrentFinancialInstruments2023-12-3102597990ns5:ShareCapital2024-12-3102597990ns5:ShareCapital2023-12-3102597990ns5:RetainedEarningsAccumulatedLosses2024-12-3102597990ns5:RetainedEarningsAccumulatedLosses2023-12-3102597990ns5:ShareCapital2022-12-3102597990ns5:RetainedEarningsAccumulatedLosses2022-12-3102597990ns5:ShareCapital2023-01-012023-12-3102597990ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3102597990ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3102597990ns5:OwnedAssets2024-01-012024-12-3102597990ns5:OwnedAssets2023-01-012023-12-3102597990112024-01-012024-12-3102597990112023-01-012023-12-3102597990122024-01-012024-12-3102597990122023-01-012023-12-3102597990132024-01-012024-12-3102597990132023-01-012023-12-3102597990142024-01-012024-12-3102597990142023-01-012023-12-3102597990ns10:OrdinaryShareClass12023-01-012023-12-3102597990ns5:LeaseholdImprovements2023-12-3102597990ns5:PlantMachinery2023-12-3102597990ns5:LeaseholdImprovements2024-01-012024-12-3102597990ns5:PlantMachinery2024-01-012024-12-3102597990ns5:LeaseholdImprovements2024-12-3102597990ns5:PlantMachinery2024-12-3102597990ns5:LeaseholdImprovements2023-12-3102597990ns5:PlantMachinery2023-12-3102597990ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102597990ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3102597990ns5:CurrentFinancialInstruments2024-01-012024-12-3102597990ns5:WithinOneYear2024-12-3102597990ns5:WithinOneYear2023-12-3102597990ns5:BetweenOneFiveYears2024-12-3102597990ns5:BetweenOneFiveYears2023-12-3102597990ns5:MoreThanFiveYears2024-12-3102597990ns5:MoreThanFiveYears2023-12-3102597990ns5:AllPeriods2024-12-3102597990ns5:AllPeriods2023-12-3102597990ns5:DeferredTaxation2024-01-012024-12-3102597990ns5:DeferredTaxation2024-12-3102597990ns10:OrdinaryShareClass12024-12-3102597990ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 02597990 (England and Wales)















SEPRO ROBOTIQUE LIMITED

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


SEPRO ROBOTIQUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G N Eves
Sepro Robotique Sas





REGISTERED OFFICE: C/O Forvis Mazzars Llp
The Pinnacle
160 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1FF





BUSINESS ADDRESS: 37 Waterside Barns
Lodge Farm Business Centre
Castlethorpe
Milton Keynes
Buckinghamshire
MK9 7ES





REGISTERED NUMBER: 02597990 (England and Wales)





AUDITORS: Higginson & Co (UK) Ltd
Statutory Auditors
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


The directors present their report with the financial statements of the company for the year ended 31 December 2024.

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

A dividend of £nil ( 2023 £85,000) was paid in the year.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

G N Eves
Sepro Robotique Sas

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are 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 each director 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.

Each of the persons who are directors at the time when this Directors Report is approved has confirmed that:

- so far as the Director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

- the Director has taken all steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the Company's auditor is- aware f that information.

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


AUDITORS
The auditors, Higginson & Co (UK) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





G N Eves - Director


17 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SEPRO ROBOTIQUE LIMITED


Opinion
We have audited the financial statements of Sepro Robotique 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 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 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SEPRO ROBOTIQUE 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 Directors.

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 directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were 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.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SEPRO ROBOTIQUE 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:

Identifying and assessing potential risks related to irregularities

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:

Audit response to risks identified
-the nature of the industry and sector, control environment and business performance including the design of the remuneration policy;
-results of our enquiries of management about their own identification and assessment of the risks of irregularities;
-any matters we identified having obtained and reviewed the Company documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team, including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK
Companies Act, UK Corporate Governance Code and local tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. These included compliance with Financial Conduct Authority regulation for the UK operating segment and compliance with local legislation.

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
SEPRO ROBOTIQUE LIMITED


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.




Donald M Brown FCA (Senior Statutory Auditor)
for and on behalf of Higginson & Co (UK) Ltd
Statutory Auditors
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

17 June 2025

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 3,112,414 3,833,763

Cost of sales 2,131,905 2,887,321
GROSS PROFIT 980,509 946,442

Administrative expenses 876,111 929,858
OPERATING PROFIT 4 104,398 16,584

Interest receivable and similar income 10,930 12,112
115,328 28,696

Interest payable and similar expenses 5 150
PROFIT BEFORE TAXATION 115,323 28,546

Tax on profit 39,490 8,502
PROFIT FOR THE FINANCIAL YEAR 75,833 20,044

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 52,669 59,705

CURRENT ASSETS
Stocks 7 12,857 13,072
Debtors 8 482,703 736,126
Cash at bank and in hand 1,072,221 1,014,992
1,567,781 1,764,190
CREDITORS
Amounts falling due within one year 9 852,269 1,123,420
NET CURRENT ASSETS 715,512 640,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,181

700,475

PROVISIONS FOR LIABILITIES 11 39,815 47,942
NET ASSETS 728,366 652,533

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Retained earnings 13 718,366 642,533
SHAREHOLDERS' FUNDS 728,366 652,533

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 Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





G N Eves - Director


SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

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 - 707,489 707,489

Changes in equity
Issue of share capital 10,000 - 10,000
Dividends - (85,000 ) (85,000 )
Total comprehensive income - 20,044 20,044
Balance at 31 December 2023 10,000 642,533 652,533

Changes in equity
Total comprehensive income - 75,833 75,833
Balance at 31 December 2024 10,000 718,366 728,366

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Sepro Robotique Limited ("the Company") is a private company limited by shares registered and incorporated in England and Wales.The company registration number is 02597990.

The principal activity of the company continues to be the suppl and maintenance of robotic automation control systems.

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.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:
Leasehold improvements 20 years straight line
Plant & machinery 1 to 6 years straight line


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in Statement of Income and Retained Earnings.

The depreciation expense is charged to administrative expenses within the Statement of Comprehensive Income.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income.

Foreign currencies
Functional and presentation currency

The Company's functional and presentational currency is Pounds Sterling (£).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non­ monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'other operating income'.

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Operating leases: the company as lessee
Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Pensions
Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Going concern
Sepro Robotique SAS, the ultimate parent of Sepro Robotique Limited. has indicated its willingness to provide financial support to the Company for the foreseeable future. The Directors have considered this for a period of at least twelve months from the date of signing these financial statements. On this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries 372,524 359,708
Social security costs 63,996 67,279
Other pension costs 7,617 8,189
444,137 435,176

The average number of employees during the year was as follows:
31.12.24 31.12.23

Employees including directors 10 10

4. OPERATING PROFIT

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

31.12.24 31.12.23
£    £   
Depreciation - owned assets 14,731 18,141
Profit on disposal of fixed assets - (22,307 )
Exchange differences 35,374 26,945
Other operating lease rentals 81,862 43,550
Defined contribution pension cost 7,617 8,189
Auditor's remuneration 15,500 23,000

5. DIVIDENDS
31.12.24 31.12.23
£    £   
Ordinary Shares shares of 1 each
Interim - 85,000

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2024 14,000 92,440 106,440
Additions - 9,811 9,811
Disposals - (2,281 ) (2,281 )
At 31 December 2024 14,000 99,970 113,970
DEPRECIATION
At 1 January 2024 933 45,802 46,735
Charge for year 700 14,031 14,731
Eliminated on disposal - (165 ) (165 )
At 31 December 2024 1,633 59,668 61,301
NET BOOK VALUE
At 31 December 2024 12,367 40,302 52,669
At 31 December 2023 13,067 46,638 59,705

7. STOCKS
31.12.24 31.12.23
£    £   
Stocks 12,857 13,072

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 337,604 533,403
Amounts owed by participating interests 29,165 23,749
Other debtors 5,990 7,653
Prepayments and accrued income 109,944 171,321
482,703 736,126

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors (3,297 ) 99,227
Amounts owed to participating interests 464,475 319,077
Corporation tax 31,725 12,952
Social security and other taxes 15,893 17,252
Pensions 1,607 1,881
VAT 93,758 123,852
Other creditors 230 2,551
Accruals and deferred income 247,878 546,628
852,269 1,123,420

Amounts owed from group undertakings are unsecured, interest free and repayable on demand.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 84,862 77,308
Between one and five years 84,862 46,203
In more than five years 99,000 15,840
268,724 139,351

11. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 9,674 -
Other provisions 30,141 47,942
39,815 47,942

Deferred
tax
£   
Charge to Income Statement during year 9,674
Balance at 31 December 2024 9,674

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary Shares 1 10,000 10,000

SEPRO ROBOTIQUE LIMITED (REGISTERED NUMBER: 02597990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


13. RESERVES
Retained
earnings
£   

At 1 January 2024 642,533
Profit for the year 75,833
At 31 December 2024 718,366

14. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary and has taken advantage of the exemption permitted by FRS102 section 33 "related Party Disclosures" not to provide disclosures of transactions entered into with other wholly owned members of the group.

There were no transactions in the year with related parties outside the group.

15. ULTIMATE CONTROLLING PARTY

The directors consider that the ultimate parent undertaking of the Company is Sepro Robotique SAS.

Sepro Robotique SAS is the Company's immediate controlling party by virtue of its shareholding in the company.

The largest and smallest Group in which the results of the Company are consolidated is that headed by Sepro Robotique SAS, a Company registered and incorporated in France. Registered address: Zi Acti-Est R Bessemer 85000 La Roche-Sur-Yon, France. Copies of the consolidated financial statements can be obtained at this address.