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REGISTERED NUMBER: 04586521 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CAMOZZI AUTOMATION LIMITED

CAMOZZI AUTOMATION LIMITED (REGISTERED NUMBER: 04586521) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| CAMOZZI AUTOMATION LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | Mr C J Clear

| Mr L Camozzi

| Mr A C Farnham

| Mr R Brailsford

| Mr M Moore

| SECRETARY: | Mrs H E Farnham

| REGISTERED OFFICE: | The Fluid Power Centre

| Watling Street

| Nuneaton

| Warwickshire

| CV11 6BQ

| REGISTERED NUMBER: | 04586521 (England and Wales)

| ACCOUNTANTS: | Magma Audit LLP

| Unit 2 Charnwood Edge Business Park

| Syston Road, Leicester

| LE7 4UZ

| Magma Audit LLP is part

| Of the Dains Group

| BANKERS: | National Westminster Bank plc

| 13 The Borough

| Hinckley

| Leicestershire

| LE10 1NW

CAMOZZI AUTOMATION LIMITED (REGISTERED NUMBER: 04586521) |

BALANCE SHEET

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 380,083 |  | 429,444 |  |

CURRENT ASSETS

Stocks | 1,157,515 |  | 1,095,705 |  |

Debtors | 5 | 1,728,846 |  | 1,717,645 |  |

Cash at bank and in hand | 1,237,393 |  | 955,691 |  |

4,123,754 |  | 3,769,041 |  |

CREDITORS

Amounts falling due within one year | 6 | (2,105,364 | ) | (1,802,654 | ) |

NET CURRENT ASSETS | 2,018,390 |  | 1,966,387 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,398,473 |  | 2,395,831 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (3,833 | ) | (45,036 | ) |

NET ASSETS | 2,394,640 |  | 2,350,795 |  |

CAPITAL AND RESERVES

Called up share capital | 76,000 |  | 76,000 |  |

Capital redemption reserve | 24,000 |  | 24,000 |  |

Retained earnings | 2,294,640 |  | 2,250,795 |  |

2,394,640 |  | 2,350,795 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CAMOZZI AUTOMATION LIMITED (REGISTERED NUMBER: 04586521) |

BALANCE SHEET - continued

31 December 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:

Mr A C Farnham - Director

Mr M Moore - Director

CAMOZZI AUTOMATION LIMITED (REGISTERED NUMBER: 04586521) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | COMPANY INFORMATION

| Camozzi Automation Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is The Fluid Power Centre, Watling Street, Nuneaton, Warwickshire, CV11 6BQ and the registered number is 04586521.

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 presentation currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

| 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.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| 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:

| Leasehold property |  |  | 10% straight line basis |  |

| Plant and machinery |  |  | 15% straight line basis |  |

| Fixtures and fittings |  |  | 15% straight line basis |  |

| Computer equipment |  |  | 25% straight line basis |  |

| Motor vehicles |  |  | 33.3% straight line basis |  |

| 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.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

CAMOZZI AUTOMATION LIMITED (REGISTERED NUMBER: 04586521) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| i) Financial assets

| Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at

| transaction price, 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.

| Such assets are subsequently carried at amortised cost using the effective interest rate method.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other creditors 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.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

| Taxation

| Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is

| recognised in the statement of comprehensive income, except to the extent that it related to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

| Current or deferred taxation assets and liabilities are not discounted.

| (i) Current tax

| Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

| Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

| (ii) Deferred tax

| Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

| Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions.

| Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be

| recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Deferred tax is measured using tax rates and laws that have enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| 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.

| Operating leases

| Leases are classified as hire purchase 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.

| 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.

| Retirement benefits

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

CAMOZZI AUTOMATION LIMITED (REGISTERED NUMBER: 04586521) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 48 (2023 - 50 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Leasehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2024 | 259,581 |  | 510,694 |  | 93,203 |  |

| Additions | 85,279 |  | 677 |  | 20,509 |  |

| Disposals | - |  | - |  | - |  |

| At 31 December 2024 | 344,860 |  | 511,371 |  | 113,712 |  |

| DEPRECIATION

| At 1 January 2024 | 199,552 |  | 298,313 |  | 71,612 |  |

| Charge for year | 14,280 |  | 52,562 |  | 7,682 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 December 2024 | 213,832 |  | 350,875 |  | 79,294 |  |

| NET BOOK VALUE

| At 31 December 2024 | 131,028 |  | 160,496 |  | 34,418 |  |

| At 31 December 2023 | 60,029 |  | 212,381 |  | 21,591 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 418,986 |  | 237,870 |  | 1,520,334 |  |

| Additions | - |  | 17,175 |  | 123,640 |  |

| Disposals | (49,440 | ) | - |  | (49,440 | ) |

| At 31 December 2024 | 369,546 |  | 255,045 |  | 1,594,534 |  |

| DEPRECIATION

| At 1 January 2024 | 334,660 |  | 186,753 |  | 1,090,890 |  |

| Charge for year | 76,309 |  | 22,168 |  | 173,001 |  |

| Eliminated on disposal | (49,440 | ) | - |  | (49,440 | ) |

| At 31 December 2024 | 361,529 |  | 208,921 |  | 1,214,451 |  |

| NET BOOK VALUE

| At 31 December 2024 | 8,017 |  | 46,124 |  | 380,083 |  |

| At 31 December 2023 | 84,326 |  | 51,117 |  | 429,444 |  |

CAMOZZI AUTOMATION LIMITED (REGISTERED NUMBER: 04586521) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 1,541,078 |  | 1,588,828 |  |

| Other debtors | 7,641 |  | 350 |  |

| Amounts due from related parties | 33,916 |  | 15,013 |  |

| Prepayments | 146,211 |  | 113,454 |  |

1,728,846 |  | 1,717,645 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts (see note 8) | 41,202 |  | 116,775 |  |

| Trade creditors | 1,518,826 |  | 1,156,795 |  |

| Corporation tax | 34,931 |  | 43,468 |  |

| Social security and other taxes | 357,318 |  | 391,517 |  |

| Accruals and deferred income | 153,087 |  | 94,099 |  |

2,105,364 |  | 1,802,654 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts (see note 8) | 3,833 |  | 45,036 |  |

8. | LEASING AGREEMENTS

| Operating lease payments represent rentals payable by the company for the occupation of its business premises as well as in relation to payments for company motor vehicles. At the year end reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

| Non-cancellable |  |

| operating leases |  |

|  | 2024 |  |  | 2023 |

|  | £ |  |  | £ |

| Within one year |  |  | 179,966 |  |  | 160,000 |

| Between one and five years |  |  | 359,933 |  |  | 480,000 |

|  | 539,899 |  |  | 640,000 |

| Obligations under hire purchase contracts totalling £45,035 (2023 £161,811) are secured on the assets concerned.

9. | FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

| The company had entered into forward foreign exchange contracts in the normal course of business amounting to £3,283,576 at 31 December 2024 (2023 - £2,967,622)