| SinterCast Limited |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The financial statements have been prepared in accordance with Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The presentation currency of the financial statements is the pound sterling (£). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services to the parent company under the terms of a Management Services Agreement. Under the terms of this agreement, the employment costs and overheads of the company are recharged to the parent company at cost plus a mark-up percentage calculated at rates comparable to similar transactions at arm's length with a third party customer. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Martin N Jones FCA |
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Firm: |
Kingly Jones LLP |
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Date of audit report: |
26 September 2025 |
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| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
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Amounts owed by group undertakings |
|
826,054 |
|
700,240 |
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Other debtors |
719 |
|
2,682 |
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Prepayments and accrued income |
- |
|
159 |
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826,773 |
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703,081 |
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| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
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Trade creditors |
74 |
|
173 |
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Taxation and social security costs |
21,042 |
|
25,154 |
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Other creditors |
317 |
|
1,673 |
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Accruals and deferred income |
226,984 |
|
231,982 |
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248,417 |
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258,982 |
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| 6 |
Related party transactions |
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The company has taken advantage of the exemption in FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, from the requirement to disclose transactions with its parent company on the grounds that SinterCast Limited is a wholly owned subsidiary of SinterCast AB (publ). There are no other related party transactions to report. |
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| 7 |
Controlling party |
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The immediate and ultimate parent company is SinterCast AB (publ), a company registered in Sweden, Company registration no. 556233-6494. The registered office of SinterCast AB (publ) is Kungsgatan 2, SE-641 30, Katrineholm, Sweden. SinterCast AB (publ) prepares group financial statements and copies can be obtained from Box 10203, SE-100 55, Stockholm, Sweden. |
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| 8 |
Other information |
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SinterCast Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Kingswick House |
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Kingswick Drive |
|
Ascot |
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Berkshire |
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SL5 7BH |