Registered number: 01803460
FOR THE YEAR ENDED 31 DECEMBER 2024
MICROSS COMPONENTS LIMITED
COMPANY INFORMATION
MICROSS COMPONENTS LIMITED
CONTENTS
MICROSS COMPONENTS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors present their Strategic Seport on the Company for the year ended 31 December 2024.
Micross Components Limited is the leading EU business providing a single source, for the delivery of microelectronic components, from wafer and die, to complex hybrids, multi-chip modules, and custom products, combined with an extensive service offering from backend wafer processing and component services to full component characterisation and up screening all supporting Tier 1 Aerospace & Defence OEM’s throughout Europe.
The business is focused on serving the Aerospace & Defence market which has been growing rapidly, driven by the on-going global geopolitical changes, and growing demand for sovereign capability, shorter supply chains and increasing national security requirements. The conflict in Ukraine continues, increasing military spending and the need to restock our weapons. Whilst some additional funding will go to new equipment, there is a growing demand for proven current and legacy military assets. Micross have a long-established position in these programs, in some cases as a Design or Technical Authority, and are ideally placed to support the customer as they make critical decisions to modernise and life-extend ageing assets and platforms.
The business has delivered an outstanding set of results in FY2024 with consistent core business growth in all markets. Revenue and order book has continued to grow, with more key strategic programs secured in the year. The Company continued to focus on long lived Multinational customers and programs with an increasing growth in the EU.
The business is focused on serving the Aerospace & Defence market which has been growing rapidly, driven by the on-going global geopolitical changes, and growing demand for sovereign capability, shorter supply chains and increasing national security requirements. The conflict in Ukraine continues, increasing military spending and the need to restock our weapons. Whilst some additional funding will go to new equipment, there is a growing demand for proven current and legacy military assets. Micross have a long-established position in these programs, in some cases as a Design or Technical Authority, and are ideally placed to support the customer as they make critical decisions to modernise and life-extend ageing assets and platforms.
The business has delivered an outstanding set of results in FY2024 with consistent core business growth in all markets. Revenue and order book has continued to grow, with more key strategic programs secured in the year. The Company continued to focus on long lived Multinational customers and programs with an increasing growth in the EU.
Risk Management
The Board recognises strong risk management is key to our success and achievement of our strategic objectives. A rigorous assessment of the principle risks facing the company is regularly undertaken with quick and effective responses taken when needed. These principle risks carry financial, operational and compliance impacts including those that threaten the business model, strategy, future performance, solvency and liquidity.
Risk management within the group is managed by senior operational management who are responsible for identifying, evaluation, reporting and managing the key risks in accordance with established processes using the company’s operational policies and controls. This includes regular review of the company risk register considering existing and emerging risks, risk scores and mitigation action plans prepared by risk owners to manage and reduce the risk. Reporting within the company is structured so that key issues can be escalated rapidly through the management team to the board where appropriate.
Market risk
Fluctuations in customer demand are linked to the economic cycles of the geographical regions, industries and countries in which they operate. The company constantly reviews market data, monitors working capital, restricts dependence on large customers and maintains a close working relationship with suppliers to manage its exposure.
Failure to identify market requirements
When undertaking new product developments, we follow a process which facilitates a thorough review process of the engineering development at various milestones throughout the project. This methodology is designed to ensure the product has no design defects, meets the required specification and is on time to exploit the market opportunity. We have a project management team to ensure compliance with our engineering development process.
The Board recognises strong risk management is key to our success and achievement of our strategic objectives. A rigorous assessment of the principle risks facing the company is regularly undertaken with quick and effective responses taken when needed. These principle risks carry financial, operational and compliance impacts including those that threaten the business model, strategy, future performance, solvency and liquidity.
Risk management within the group is managed by senior operational management who are responsible for identifying, evaluation, reporting and managing the key risks in accordance with established processes using the company’s operational policies and controls. This includes regular review of the company risk register considering existing and emerging risks, risk scores and mitigation action plans prepared by risk owners to manage and reduce the risk. Reporting within the company is structured so that key issues can be escalated rapidly through the management team to the board where appropriate.
Market risk
Fluctuations in customer demand are linked to the economic cycles of the geographical regions, industries and countries in which they operate. The company constantly reviews market data, monitors working capital, restricts dependence on large customers and maintains a close working relationship with suppliers to manage its exposure.
Failure to identify market requirements
When undertaking new product developments, we follow a process which facilitates a thorough review process of the engineering development at various milestones throughout the project. This methodology is designed to ensure the product has no design defects, meets the required specification and is on time to exploit the market opportunity. We have a project management team to ensure compliance with our engineering development process.
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MICROSS COMPONENTS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Global electronic component shortage
We work closely with our suppliers to understand key challenges as they present themselves. Our knowledge of the supply chain and engineering expertise can be utilised to find alternative sources or marginally different electronic product. Material shortages and component quality will continue to be an issue particularly as the global semiconductor market adapts to the relocation of manufacturing and the retirement of older facilities reducing short term capacity.
Key customer reliance
Our largest customers are very successful in their respective markets, and each has a long-established relationship with Micross. We continue to win further contracts with our existing customers and have good outlook visibility as well as being actively engaged with them on new opportunities. Micross is enhancing its account management strategies and mitigates this risk by working closely with customers, at all levels, to ensure that we are designed into their new products at an early stage, enabling us to develop products that meet their specifications and requirements.
We provide customers with a well-resourced programme and a high level of service with a focus on product quality and delivery which enables high customer retention rates. To broaden the customer base, we have engaged with new customers, across several different markets that may lead to significant business in the future. The sales function has also been strengthened in both the direct and indirect channels and benefits from the ever growing portfolio of products provided by the company.
Talent retention and acquisition
Micross has a competitive remuneration package that is reflective of market conditions for key roles and is under review as conditions change with regular benchmarking exercises. We continue to invest in our teams to ensure we have the right skills to execute our strategy. We provide regular communications to all employees and by helping our employees gain an understanding of our strategic direction and objectives, we believe it enables them to make meaningful contributions to the achievement of our goals and successful execution of the plan.
Cost inflation and margin pressure
We can control some of these factors such as passing costs on to customers but some factors such as economic and political ones are beyond our control. Ensuring our pricing models are updated so we are quoting for new business with the latest cost base and reducing our energy consumption are some of the measures we have in place to protect our margins.
Cyber security and data integrity
As a supplier to the defence industry Micross has strong cyber security credentials including compliance with the Cyber Essentials scheme. Regular reviews are undertaken of the network security arrangements and training is provided regularly to users on cyber threats and other data loss/integrity risks. Micross also limits access to data and access is only provided to those users with a genuine business need. Data shared externally is conducted under contractual arrangements.
Financial risk management
The Company manages its foreign risk exposure where possible by invoicing in the currency that payment is expected to be received. In addition, where the buying and selling currencies are mismatched, the Company attempts to include contractual terms to enable a variable rate to be invoiced in the event of significant currency movements.
Before the commencement of trade with new customers, the Company assess their creditworthiness and sets authorised credit limits. A proactive approach to the identification and control of bad and doubtful debts is operated.
We work closely with our suppliers to understand key challenges as they present themselves. Our knowledge of the supply chain and engineering expertise can be utilised to find alternative sources or marginally different electronic product. Material shortages and component quality will continue to be an issue particularly as the global semiconductor market adapts to the relocation of manufacturing and the retirement of older facilities reducing short term capacity.
Key customer reliance
Our largest customers are very successful in their respective markets, and each has a long-established relationship with Micross. We continue to win further contracts with our existing customers and have good outlook visibility as well as being actively engaged with them on new opportunities. Micross is enhancing its account management strategies and mitigates this risk by working closely with customers, at all levels, to ensure that we are designed into their new products at an early stage, enabling us to develop products that meet their specifications and requirements.
We provide customers with a well-resourced programme and a high level of service with a focus on product quality and delivery which enables high customer retention rates. To broaden the customer base, we have engaged with new customers, across several different markets that may lead to significant business in the future. The sales function has also been strengthened in both the direct and indirect channels and benefits from the ever growing portfolio of products provided by the company.
Talent retention and acquisition
Micross has a competitive remuneration package that is reflective of market conditions for key roles and is under review as conditions change with regular benchmarking exercises. We continue to invest in our teams to ensure we have the right skills to execute our strategy. We provide regular communications to all employees and by helping our employees gain an understanding of our strategic direction and objectives, we believe it enables them to make meaningful contributions to the achievement of our goals and successful execution of the plan.
Cost inflation and margin pressure
We can control some of these factors such as passing costs on to customers but some factors such as economic and political ones are beyond our control. Ensuring our pricing models are updated so we are quoting for new business with the latest cost base and reducing our energy consumption are some of the measures we have in place to protect our margins.
Cyber security and data integrity
As a supplier to the defence industry Micross has strong cyber security credentials including compliance with the Cyber Essentials scheme. Regular reviews are undertaken of the network security arrangements and training is provided regularly to users on cyber threats and other data loss/integrity risks. Micross also limits access to data and access is only provided to those users with a genuine business need. Data shared externally is conducted under contractual arrangements.
Financial risk management
The Company manages its foreign risk exposure where possible by invoicing in the currency that payment is expected to be received. In addition, where the buying and selling currencies are mismatched, the Company attempts to include contractual terms to enable a variable rate to be invoiced in the event of significant currency movements.
Before the commencement of trade with new customers, the Company assess their creditworthiness and sets authorised credit limits. A proactive approach to the identification and control of bad and doubtful debts is operated.
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MICROSS COMPONENTS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Competitive risk
The Company is at risk from the changes in market trading conditions driven by customer demand and the level of competition in the market places in which the company operates. The Company attempts to offset such risks by maintaining a diversified portfolio of products and suppliers and by extending the geographical marketplaces in which it operates.
The Company is at risk from the changes in market trading conditions driven by customer demand and the level of competition in the market places in which the company operates. The Company attempts to offset such risks by maintaining a diversified portfolio of products and suppliers and by extending the geographical marketplaces in which it operates.
The management team uses various Key Performance Indicators (“KPIs”) to monitor the financial and non-financial performance of the business. Below are the measures and metrics which the Board believes best indicate the performance of the company continuing operations.
This report was approved by the board and signed on its behalf.
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MICROSS COMPONENTS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
The directors who served during the year were:
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £9,731,717 (2023 - £7,657,313).
Dividends of £7,320,000 (2023: £3,275,758) were paid to Micross Components Holdings Limited during the year.
The directors do not anticipate any change in the principal activity of the Company in the foreseeable future.
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MICROSS COMPONENTS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The auditor, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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MICROSS COMPONENTS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MICROSS COMPONENTS LIMITED
We have audited the financial statements of Micross Components Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and therelated notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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MICROSS COMPONENTS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MICROSS COMPONENTS LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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MICROSS COMPONENTS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MICROSS COMPONENTS LIMITED (CONTINUED)
The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Enquiry of management and those charged with governance to identify any material instances of non- compliance with laws and regulations;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants and Statutory Auditor
2 Communications Road
Greenham Business Park
Greenham
Berkshire
RG19 6AB
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MICROSS COMPONENTS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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MICROSS COMPONENTS LIMITED
REGISTERED NUMBER: 01803460
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2025 .
The notes on pages 12 to 27 form part of these financial statements.
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MICROSS COMPONENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Micross UK Solutions Limited as at 31 December 2024 and these financial statements may be obtained from Companies House.
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.Accounting policies (continued)
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life of 10 years.
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life of 10 years.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.Accounting policies (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:
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.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position 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.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.Accounting policies (continued)
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of turnover by country of destination:
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
There were no factors that may affect future tax charges.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Share premium account
Profit & loss account
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £403,302 (2023: £302,467). No contributions were payable to the fund at the balance sheet date.
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MICROSS COMPONENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The ultimate parent company at the balance sheet date was Corfin Holdings Inc , a company incorporated in the USA.
The parent of the smallest group for which group accounts including Micross Components Limited are drawn up isMicross UK Solutions Limited . Copies of these accounts may be obtained from the registered office.
The parent of the largest group for which group accounts including Micross Components Limited are drawn up isCorfin Holdings Inc . Copies of these accounts are not available to the public.
The parent of the smallest group for which group accounts including Micross Components Limited are drawn up is
The parent of the largest group for which group accounts including Micross Components Limited are drawn up is
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