REGISTERED NUMBER: 12847838 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Alpha ESS UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R G Miles

Mr J Wang

Mr M J Hale

REGISTERED OFFICE:

Suite 4f Drake House

Dursley

Gloucestershire

GL11 4HH

REGISTERED NUMBER:

12847838 (England and Wales)

AUDITORS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Intangible assets

4

1,677

-

Tangible assets

5

44,124

30,249

45,801

30,249

CURRENT ASSETS

Stocks

1,622,602

3,034,302

Debtors

6

4,157,205

3,505,813

Cash at bank

494,699

313,910

6,274,506

6,854,025

CREDITORS

Amounts falling due within one year

7

6,412,214

6,645,316

NET CURRENT (LIABILITIES)/ASSETS

(137,708

)

208,709

TOTAL ASSETS LESS CURRENT LIABILITIES

(91,907

)

238,958

PROVISIONS FOR LIABILITIES

8

-

7,562

NET (LIABILITIES)/ASSETS

(91,907

)

231,396

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(92,007

)

231,296

SHAREHOLDERS' FUNDS

(91,907

)

231,396

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 September 2025 and were signed on its behalf by:

Mr M J Hale - Director

1.	STATUTORY INFORMATION

Alpha ESS UK Ltd 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

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, notwithstanding the fact that the company’s balance sheet shows net liabilities of £91,907 as at 31 December 2024. The directors have considered the company’s financial position, forecasts and projections, which indicate that the company will be able to meet its liabilities as they fall due along with the support from the parent company, which has confirmed that it will provide the necessary financial support for the foreseeable future.

Based on these considerations, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Therefore, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

1,800

At 31 December 2024

1,800

AMORTISATION

Charge for year

123

At 31 December 2024

123

NET BOOK VALUE

At 31 December 2024

1,677

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

44,336

Additions

23,543

At 31 December 2024

67,879

DEPRECIATION

At 1 January 2024

14,087

Charge for year

9,668

At 31 December 2024

23,755

NET BOOK VALUE

At 31 December 2024

44,124

At 31 December 2023

30,249

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,050,213

3,401,072

Other debtors

1,106,992

104,741

4,157,205

3,505,813

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

6,225,309

6,431,636

Taxation and social security

123,540

150,535

Other creditors

63,365

63,145

6,412,214

6,645,316

8.	PROVISIONS FOR LIABILITIES

31.12.23

£

Deferred tax

7,562

Deferred

tax

£

Balance at 1 January 2024

7,562

Provided during year

(69,530

)

Balance at 31 December 2024

(61,968

)

This balance is included in other debtors, shown in note 7.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Warren Francis (Senior Statutory Auditor)

for and on behalf of Francis & Co

11.	RELATED PARTY DISCLOSURES

Included within the trade debtors figure at the balance sheet date are the following balances:

Alpha ESS International PTE Ltd - £97,829

Immersa Ltd - £2,283,886

Included within the trade creditors figure at the balance sheet date are the following balances:

Alpha ESS Singapore - £5,908,732

Immersa Ltd - £6,512

Both Alpha ESS International PTE Ltd and Immersa Ltd are shareholders in Alpha ESS UK Ltd and together

have a 100% shareholding. Alpha ESS Singapore is a member of the Alpha ESS group.

12.	ULTIMATE CONTROLLING PARTY

Ultimate control resides with Alpha ESS Co. Ltd of Jiuhua Road 888, Nantong High-Tech Industrial Development Zone, Nantong City, China. This company holds 100% of the share capital of Alpha ESS International PTE. Ltd of Corporation Place, 2 Corporation Road, Singapore.

Alpha ESS International PTE. Ltd owns 75% of the share capital of Alpha ESS UK Ltd.