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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Moller PCI Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 19, J Shed, Kings Road, Swansea Waterfront, Swansea, West Glamorgan, SA1 8PL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

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.

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:

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 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.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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.

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

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss 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 leases asset are consumed.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Invoice discounting

The company factors its trade debtors via an invoice discounting facility. The debtors are included gross within trade debtors and any liability due to the invoice discounter is shown separately within current liabilities.

Debtors

Debtors are stated at their normal value and do not attract interest. Appropriate provision for estimated irrecoverable amounts are recognised in the profit and loss account when there is evidence of impairment.

Trade creditors

Trade creditors are stated at their normal value and do not attract interest.

The average monthly number of persons (including directors) employed by the company during the year was:

Of the trade debtors, £1,749,416 (2023: £910,525) is covered by an invoice discounting agreement. The liability under this agreement is secured on the trade debtors (see note 5).

Included in other creditors is an amount due to Natwest in respect of an invoice discounting arrangement of £191,559 (2023 £27,232). The company entered into the invoice discounting agreement in 2014 and all of its trade debtors are included within this agreement. Amounts owed to Natwest are secured on the trade debtors.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

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.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

The following secured debts are included within creditors:

Invoice discounting facility £191,559 (2023 £27,232)

These liabilities are secured by way of a fixed and floating charge over the assets of the company.

Platinum Controls Installations Limited

A company which owns shares in Moller PCI Limited.

During the period the company made sales of £0 (2023 £0) to and purchased services amounting to £602,781 (2023 £420,379) from Platinum Controls Installations Limited.

At the year end, the company owed £66,039 (2023 £41,607) to Platinum Controls Installations Limited. At the year end, the company was also owed £40,436 (2023 £2,794) by Platinum Controls Installations Limited  

Moller Feuerfesttechnik GmbH & Co. KG

A company under common control.

During the year the company made sales of £14,677 (2023 £2,025) to and purchased £1,449,800 (2023 £971,423) from Moller Feuerfesttechnik GmbH & Co. KG. At the end of the period, the company owed £97,385 (2023 £63,324) to Moller Feuerfesttechnik GmbH & Co. KG. At the end of the period, the company was also owed £779 (2023 £40) by Moller Feuerfesttechnik GmbH & Co.KG.

Moller Sp. z o.o.

A company under common control.

During the year the company made sales of £2,775 (2023 £1,652) to and purchased £879,888 (2023 £1,127,512) from Moller Sp z.o.o. At the end of the period, the company owed £93,589 (2023 £76,381) to Moller Sp z o.o.

Moller Portuguesa, Lda

A company under common control.

During the year the company made sales of £99 (2023 £785) to and purchased £495,706 (2023 £401,120) from Moller Portuguesa, Lda. At the end of the period, the company owed £58,270 (2023 £0) to Moller Portuguesa. At the end of the period, the company was owed £0 (2023 £200) by Moller Portuguesa, Lda.

Eberhardt GmbH

A company under common control.

During the year the company made sales of £0 (2023 £0) to and purchased £376 (2023 £7,343) from Eberhardt GmbH. At the end of the period, the company owed £0 (2023 £0) to Eberhardt GmbH.

Refracton GmbH

A company under common control.

During the year the company made sales of £1,415 (2023 £0) to and purchased £0 (2023 £0) from Refracton GmbH. At the end of the period, the company owed £0 (2023 £0) to Refracton GmbH.

Platcon Limited

A company under common control.

During the year the company made sales of £0 (2023 £0) to and purchased £13,804 (2023 £12.550) from Platcon Limited. At the end of the period, the company owed £893 (2023 £1,162) to Platcon Limited. At the end of the period, the company was also owed £500 (2023 £1,100) by Platcon Limited.

The company's immediate parent company is Roepke Beteiligungs-GmbH (RBG) a company incorporated in Germany, whose address is Am Bauhof 21, 32657 Lemgo.

The ultimate holding company is ARL Vermoegensverwaltungs GmbH & Co KG, a company incorporated in Germany, whose address is Am Bauhof 21, 32657 Lemgo.

The directors do not consider there to be one controlling party.