Exception PCB Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08424587 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Exception PCB Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Craig Wright

Ms Sophia Hallett-Jones

Mr Richard Eldridge

REGISTERED OFFICE:

Exception PCB Limited

Alexandra Way

Ashchurch Business Centre

Tewkesbury

Gloucestershire

GL20 8NB

REGISTERED NUMBER:

08424587 (England and Wales)

AUDITORS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investments

4

11,150

CURRENT ASSETS

Debtors

5

413,904

414,504

Cash at bank

120

141

414,024

414,645

CREDITORS

Amounts falling due within one year

6

2,448

NET CURRENT ASSETS

411,576

412,197

TOTAL ASSETS LESS CURRENT LIABILITIES

422,726

423,347

CAPITAL AND RESERVES

Called up share capital

800,125

Retained earnings

(377,399

)

(376,778

)

SHAREHOLDERS' FUNDS

422,726

423,347

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 25th September 2025 and were signed on its behalf by:

Mr Craig Wright - Director

1.	STATUTORY INFORMATION

Exception PCB Solutions 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.

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less any accumulated impairment losses.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Prior year adjustment

The accounts have been restated to incorporate the amendment of a brought forward error regarding share capital distribution.

Comparative figures have been restated and an adjustment to Called up share capital.

Prior Year Restated - £

Prior year - £

Ordinary A Share Capital

50

-

Ordinary Share Capital

75.03

-

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

11,150

NET BOOK VALUE

At 31st December 2024

11,150

At 31st December 2023

11,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

413,779

414,379

Other debtors

125

413,904

414,504

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Social security and other taxes

647

Accruals and deferred income

1,801

2,448

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

The Report of the Auditors was unqualified.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's

8.	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.

All transactions with related parties were at arm's length.

Exception PCB Solutions Limited is exempt from disclosing transactions with entities within a 100% group per the disclosure in the policies.

9.	POST BALANCE SHEET EVENTS

On 1 August 2025 the company was acquired by Connexion PCB Solutions Limited through the purchase of all of the issued share capital.

The acquisition will not impact the amounts recognised in the financial statements for the year ended 31 December 2024, but it is considered material and relevant to users of the financial statements.

10.	ULTIMATE CONTROLLING PARTY

At the balance sheet date, the parent of the smallest group for which consolidated financial statements are drawn up of which this company is a member is Fastprint HongKong Co. Limited, incorporated in Hongkong.Its registered address is Room F,11/F., King Palace Plaza, 55 King YIP Street, Kwun Tong., Hong Kong.

At the balance sheet date, the parent of the largest group for which consolidated financial statements are drawn up of which this company is a member is Shenzhen Fastprint Circuit Tech Co.,Ltd incorporated in China. Its registered address is 8/F,Block A,Building No. 2,Section 1, Shenzhen Bay Eco-Technology Park,Nanshan District,Shenzhen,China.

After the balance sheet date, the company has been acquired and the the parent of the smallest and largest group for which consolidated financial statements are drawn up of which this company is a member is Connexion Technologies Limited incorporated in England and Wales.Its registered address is Cil House, Charlton Road, Andover, Hampshire, SP10 3JL.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal
value:

31.12.24£

31.12.23£

200,000

Preference

£1

200,000

600,000

Preference A

£1

600,000

5,000

Ordinary A

£0.5

50

7,503

Ordinary

£0.01

75

800,125