REGISTERED NUMBER: 09223580 (England and Wales)

Dunton Technologies Limited

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M D Deary

Mr M Lacazedieu

Mr N A Roe

REGISTERED OFFICE:

Soterion House Northgate

Aldridge

Walsall

West Midlands

WS9 8TH

REGISTERED NUMBER:

09223580 (England and Wales)

AUDITORS:

Advance Audit Limited

Statutory Auditor

71/73 Hoghton Street

Southport

Merseyside

PR9 0PR

FIXED ASSETS

Tangible assets

4

5,678,857

1,450,452

CURRENT ASSETS

Debtors

5

2,205,305

1,611,833

Cash at bank

125,153

361,830

2,330,458

1,973,663

CREDITORS

Amounts falling due within one year

6

1,066,636

1,348,117

NET CURRENT ASSETS

1,263,822

625,546

TOTAL ASSETS LESS CURRENT LIABILITIES

6,942,679

2,075,998

CREDITORS

Amounts falling due after more than one year

7

7,685,755

1,998,921

NET (LIABILITIES)/ASSETS

(743,076

)

77,077

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(743,176

)

76,977

(743,076

)

77,077

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 3 September 2025 and were signed on its behalf by:

Mr N A Roe - Director

Mr M Lacazedieu - Director

1.	STATUTORY INFORMATION

Dunton Technologies 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.

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

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.

Going concern

The Company's business model results in a positive working capital cycle which generates sufficient cash flows to fund the business. The directors have reviewed the current performance and prepared cash flow forecasts for the next 12 months. The realisation of these forecasts may be affected by a number of factors, including changes in customer behaviour, however, the directors are confident that the Company has adequate resources to continue its operations for the foreseeable future and has the financial backing of its parent company.

For these reasons, they continue to adopt the going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

Related party exemption

As the company is a wholly-owned subsidiary of Soletanche Freyssinet S.A., 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.

Turnover

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to labour and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery - straight line over the useful life of the asset

Fixtures and fittings - straight line over the useful life of the asset

Computer equipment - straight line over the useful life of the asset

Leasehold property - straight line over the lease term

Assets under construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Assets

Long

under

Plant and

leasehold

construction

machinery

£

£

£

COST

At 1 January 2024

-

1,255,732

678,827

Additions

3,433,821

-

939,019

Disposals

-

-

(205,649

)

Reclassification/transfer

1,246,608

(1,246,608

)

-

At 31 December 2024

4,680,429

9,124

1,412,197

DEPRECIATION

At 1 January 2024

-

-

520,507

Charge for year

-

-

85,596

Eliminated on disposal

-

-

(183,210

)

At 31 December 2024

-

-

422,893

NET BOOK VALUE

At 31 December 2024

4,680,429

9,124

989,304

At 31 December 2023

-

1,255,732

158,320

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

116,154

12,400

2,063,113

Additions

-

-

4,372,840

Disposals

(1,859

)

-

(207,508

)

Reclassification/transfer

-

-

-

At 31 December 2024

114,295

12,400

6,228,445

DEPRECIATION

At 1 January 2024

80,413

11,741

612,661

Charge for year

35,052

659

121,307

Eliminated on disposal

(1,170

)

-

(184,380

)

At 31 December 2024

114,295

12,400

549,588

NET BOOK VALUE

At 31 December 2024

-

-

5,678,857

At 31 December 2023

35,741

659

1,450,452

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,034,481

1,086,484

Other debtors

1,170,824

525,349

2,205,305

1,611,833

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

30,000

Trade creditors

565,031

773,581

Amounts owed to group undertakings

146,798

98,232

Amounts owed to associates

2,286

170,052

Taxation and social security

45,162

24,176

Other creditors

307,359

252,076

1,066,636

1,348,117

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,974,732

1,998,921

Amounts owed to group undertakings

1,711,023

-

7,685,755

1,998,921

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

285,000

-

Between one and five years

1,805,000

-

In more than five years

2,770,000

-

4,860,000

-

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jennifer Tobin FCCA (Senior Statutory Auditor)

for and on behalf of Advance Audit Limited

10.	RELATED PARTY DISCLOSURES

During the year the company was charged management fees of £25,176 (2023: £22,980) by Soterion Limited, a company which Mr N Roe is a shareholder and whose offices the company use. At the year end the balance owing to Soterion Limited was £2,286 (2023: £1,134) which is included in amounts owing to associates.

11.	ULTIMATE CONTROLLING PARTY

The Company is a subsidiary undertaking of Soletanche Freyssinet S.A. The ultimate parent company at the balance sheet date is Vinci S.A, incorporated in France.

The largest group in which the results of the Company are consolidated is that headed by Vinci S.A., incorporated in France. The smallest group in which they are consolidated is that headed by Soletanche Freyssinet S.A, incorporated in France. The consolidated financial statements, of these groups are available to the public and may be obtained from Soletanche Freyssinet S.A., Rueil Malmaison Cedex, France.