REGISTERED NUMBER: 03120759 (England and Wales)

ANSINI LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2024 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

Mr T J Billings

Mr K McGuigan

Mr M O Lee

REGISTERED OFFICE:

997 London Road

Derby

Derbyshire

DE24 8PX

BUSINESS ADDRESS:

Pleasley Vale Business Park

Pleasley

Mansfield

Nottinghamshire

NG19 8RL

REGISTERED NUMBER:

03120759 (England and Wales)

AUDITORS:

Johnson Tidsall Limited

Chartered Accountants

& Statutory Auditor

81 Burton Road

Derby

Derbyshire

DE1 1TJ

BANKERS:

Lloyds Bank plc

2 Stockwell Gate

Mansfield

Nottinghamshire

NG18 1JZ

FIXED ASSETS

Tangible assets

4

185,443

189,959

CURRENT ASSETS

Stocks

5

355,757

413,718

Debtors

6

792,771

505,563

Cash at bank and in hand

417,802

2,673,227

1,566,330

3,592,508

CREDITORS

Amounts falling due within one year

7

539,582

448,464

NET CURRENT ASSETS

1,026,748

3,144,044

TOTAL ASSETS LESS CURRENT LIABILITIES

1,212,191

3,334,003

PROVISIONS FOR LIABILITIES

8

36,587

36,757

NET ASSETS

1,175,604

3,297,246

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

1,174,604

3,296,246

SHAREHOLDERS' FUNDS

1,175,604

3,297,246

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr K McGuigan - Director

1.	STATUTORY INFORMATION

Ansini 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.

The financial period end has been shortened to 31 December 2024 in order to align with new holding company and other trading subsidiaries.

Significant judgements and estimates

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The following judgements and estimates have had the most significant effect on amounts recognised in the financial statements:

Work in progress - £65,779 (February 2024: £41,838) the director reviews each stock line in isolation and apportions costs in relation to raw materials, labour and how far through the process the job is at the year end. This basis has been consistently applied.

Depreciation - £40,690 (February 2024: £56,355) the useful economic lives of fixed assets can vary. Management review the policies and determine their appropriateness based on historic experience and the current expectations of useful life.

Loan - £300,000 balance due from the group is still outstanding, however it is considered recoverable.

Turnover

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

The company manufactures and distributes plastic based products. Revenue from the sale of these goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer and the amount of revenue can be measured reliably.

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

-

25% on reducing balance and 10 years straight line

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the period 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 period 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.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

1,328,723

26,179

16,305

49,820

1,421,027

Additions

31,513

4,924

-

-

36,437

Disposals

-

(2,979

)

-

-

(2,979

)

At 31 December 2024

1,360,236

28,124

16,305

49,820

1,454,485

DEPRECIATION

At 1 March 2024

1,145,532

21,353

16,020

48,163

1,231,068

Charge for period

37,845

1,519

59

1,267

40,690

Eliminated on disposal

-

(2,716

)

-

-

(2,716

)

At 31 December 2024

1,183,377

20,156

16,079

49,430

1,269,042

NET BOOK VALUE

At 31 December 2024

176,859

7,968

226

390

185,443

At 29 February 2024

183,191

4,826

285

1,657

189,959

5.

STOCKS

2024

2024

£

£

Raw materials

289,978

371,880

Work-in-progress

65,779

41,838

355,757

413,718

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

307,464

396,149

Amounts owed by group undertakings

336,262

74,711

Other debtors

60,502

-

Prepayments and accrued income

88,543

34,703

792,771

505,563

Included in other debtors is a balance of £60,502 (February 2024: £0) in respect of invoice financing. Invoice financing is secured by a fixed and floating charge.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

214,361

207,504

Amounts owed to group undertakings

75,725

3,357

Corporation tax

59,765

73,630

Social security and other taxes

11,268

12,109

VAT

47,744

54,682

Other creditors

64,665

5,686

Accruals and deferred income

66,054

91,496

539,582

448,464

8.	PROVISIONS FOR LIABILITIES

2024

2024

£

£

Deferred tax

Accelerated capital allowances

36,587

36,757

Deferred

tax

£

Balance at 1 March 2024

36,757

Provided during period

(170

)

Balance at 31 December 2024

36,587

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

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

The Report of the Auditors was unqualified.

DAVID MELLOR FCA (Senior Statutory Auditor)

for and on behalf of Johnson Tidsall Limited

11.	OTHER FINANCIAL COMMITMENTS

As at 31 December 2024 the company had financial commitments under operating leases of £0 (February 2024: £0) in relation to property.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Ansini Limited is a wholly owned subsidiary of ASG Holdco Ltd, who are in turn are a wholly owned subsidiary of Pendine Holdco Ltd.

The registered office of Pendine Holdco Limited is 4 Apollo Park, University Way, Crewe, CW1 6HX.