REGISTERED NUMBER: 01618280 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABICOR BINZEL (U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Owens

P Schuster

A Boeckling

SECRETARY:

A D Hallows

REGISTERED OFFICE:

Binzel House

Mill Lane

Winwick

Warrington

Cheshire

WA2 8UA

REGISTERED NUMBER:

01618280 (England and Wales)

SENIOR STATUTORY AUDITOR:

Keith Rotheram

AUDITORS:

C A Hunter Limited

Statutory Auditors

Britannia Chambers

26 George Street

St Helens

Merseyside

WA10 1BZ

FIXED ASSETS

Tangible assets

5

481,572

474,591

CURRENT ASSETS

Stocks

1,755,557

2,725,222

Debtors

6

2,287,351

1,941,011

Cash at bank

1,317,672

667,312

5,360,580

5,333,545

CREDITORS

Amounts falling due within one year

7

1,692,392

1,922,915

NET CURRENT ASSETS

3,668,188

3,410,630

TOTAL ASSETS LESS CURRENT LIABILITIES

4,149,760

3,885,221

PROVISIONS FOR LIABILITIES

34,976

29,409

NET ASSETS

4,114,784

3,855,812

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,114,684

3,855,712

SHAREHOLDERS' FUNDS

4,114,784

3,855,812

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 26 September 2025 and were signed on its behalf by:

M Owens - Director

1.	STATUTORY INFORMATION

Abicor Binzel (U.K.) 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.

Turnover

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

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% - 33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

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

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.

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.

Hire purchase and leasing commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account 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 32 (2023 - 33 ) .

4.	AUDITORS' REMUNERATION

31.12.24

31.12.23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

16,000

15,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

855,271

261,132

747,176

42,311

1,905,890

Additions

-

106,671

2,494

-

109,165

Disposals

-

(11,115

)

-

-

(11,115

)

At 31 December 2024

855,271

356,688

749,670

42,311

2,003,940

DEPRECIATION

At 1 January 2024

496,492

218,481

674,015

42,311

1,431,299

Charge for year

17,105

49,550

29,282

-

95,937

Eliminated on disposal

-

(4,868

)

-

-

(4,868

)

At 31 December 2024

513,597

263,163

703,297

42,311

1,522,368

NET BOOK VALUE

At 31 December 2024

341,674

93,525

46,373

-

481,572

At 31 December 2023

358,779

42,651

73,161

-

474,591

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,143,641

1,853,468

Amounts owed by group undertakings

76,418

9,835

Other debtors

67,292

77,708

2,287,351

1,941,011

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

114,563

70,291

Amounts owed to group undertakings

798,460

1,402,404

Taxation and social security

524,805

351,118

Other creditors

254,564

99,102

1,692,392

1,922,915

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

The Report of the Auditors was unqualified.

Keith Rotheram (Senior Statutory Auditor)

for and on behalf of C A Hunter Limited

9.	RELATED PARTY DISCLOSURES