ACCOUNTS - Final Accounts

Company registration number: 03257217

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	HELIOS TECHNOLOGY LIMITED


HELIOS TECHNOLOGY LIMITED REGISTERED NUMBER:03257217

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		26,575		14,169
Investments	5		-		5,090
			26,575		19,259
Current assets
Debtors	6	2,721,267		3,220,619
Cash at bank and in hand		1,014,406		422,376
		3,735,673		3,642,995
Creditors: amounts falling due within one year	7	(872,801)		(992,416)
Net current assets			2,862,872		2,650,579
Total assets less current liabilities			2,889,447		2,669,838

Net assets			2,889,447		2,669,838

Capital and reserves
Called up share capital	4,212	4,212
Share premium account	63,785	63,785
Capital redemption reserve	1,559	1,559
Profit and loss account	2,819,891	2,600,282
	2,889,447	2,669,838

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

A.K Parkinson

Director

Date: 19 August 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1


HELIOS TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Helios Technology 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 profit or loss 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 income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.3

Revenue

Revenue represents consultancy services provided, which are measured at the fair value of work performed, excluding discounts, rebates, value added tax and other sales taxes.
Revenue recognised as amounts recoverable on long-term contacts is shown within accrued income in these accounts, and is recognised on a individual basis as activity progresses in accordance with the substance of each contract, when the stage of completion can be estimated reliably. The stage of completion is estimated using a range of factors, including costs incurred, amounts already recognised under the contract, and estimated costs to completion.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss 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.

Page 2


HELIOS TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Interest receivable

Interest receivable is recognised in profit or loss using the effective interest method.

2.7

Interest Payable

Interest payable is recognised in profit or loss using the effective interest method.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 reporting 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 reporting 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 reporting date.

2.9

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.

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HELIOS TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Tangible fixed assets (continued)

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:

				Plant and machinery	-	25%	on cost
				Fixtures and fittings	-	10%	on cost

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 profit or loss.

2.10

Investments in group undertakings

Investments in subsidiaries are measured at cost less accumulated impairment, which is assessed by the directors at the reporting date. Investments in group undertakings are recognised under fixed asset investments.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 33 (2023 -37).

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HELIOS TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2024	168,525	89,458	257,983
Additions	2,122	16,882	19,004
Disposals	(162,581)	(39,574)	(202,155)
At 31 December 2024	8,066	66,766	74,832
Depreciation
At 1 January 2024	164,034	79,780	243,814
Charge for the year on owned assets	1,467	5,131	6,598
Disposals	(162,581)	(39,574)	(202,155)
At 31 December 2024	2,920	45,337	48,257
Net book value
At 31 December 2024	5,146	21,429	26,575
At 31 December 2023	4,491	9,678	14,169

5.	Fixed asset investments

		Shares in group undertakings
		£

	At 1 January 2024	5,090
	Disposals	(5,090)
	At 31 December 2024	-

Page 5


HELIOS TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£

Due after more than one year
Directors loan accounts'	31,173	31,153
Other debtors	32,745	32,745
	63,918	63,898
Due within one year
Trade debtors	281,412	352,557
Amounts owed by group undertakings	1,026,082	1,156,381
Amounts owed by joint ventures and associated undertakings	5,421	5,354
Other debtors	8,470	10,428
Prepayments and accrued income	1,274,572	1,630,416
Tax recoverable	51,323	1,585
Deferred taxation	10,069	-
	2,721,267	3,220,619

Amount owed by group undertakings are interest free, unsecured and repayable on demand.

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	59,763	109,831
Amounts owed to group undertakings	145,436	279,684
Other taxation and social security	101,511	70,290
Other creditors	47,184	24,337
Accruals and deferred income	518,907	508,274
	872,801	992,416

Amount owed to group undertakings are interest free, unsecured and repayable on demand.

Page 6


HELIOS TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Transactions with directors
		2024	2023
		£	£

M Scott
Balance outstanding at start of year	13,834	15,517
Amounts repaid	-	(1,683)
Balance outstanding at end of year	13,834	13,834

					2024	2023
					£	£

A Parkinson
Balance outstanding at start of year	22,673	26,385
Amounts repaid	-	(3,712)
Balance outstanding at end of year	22,673	22,673

The above loan to M Scott which is denominated in Euros, is interest free and due for repayment in equal annual instalments by 1 March 2030. The payment for 2020 was deferred until the end of the agreement.
The above loan to A Parkinson, which is denominated in Euros, is interest free and due for repayment in equal annual instalments by 1 March 2029. The payment for 2020 was deferred until the end of the agreement.

9.	Related party transaction
	The company has taken advantage of the exemption, section 33.1a 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.

10.	Controlling party

The immediate parent company is Egis Avia S.A.S., a company registered in France.
The parent company of the smallest group of which Helios Technology Limited is a member which prepares consolidated accounts is Egis S.A, a company registered at 15, Avenue de Centre, CS20538 Guyancourt, 78286 St Quentin en Yvelines, France.

11.	Securities and Guarantees

A debenture is in issue in favour of the company's bank comprising fixed and floating charges over the assets of the Company.
The Company has guaranteed its performance of various contracts to a total value as at 31 December 2024 of 66,858 Euros (2023: 396,788 Euros).

Page 7


HELIOS TECHNOLOGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 19 August 2025 by Caroline Milton FCA (Senior statutory auditor) on behalf of Menzies LLP.

Page 8