Battery Components Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08435404 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BATTERY COMPONENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T G Burgess

M J Stevenson

REGISTERED OFFICE:

Unit 21 Westbrook Trading Estate

Westbrook Road

Trafford Park

Manchester

M17 1AY

REGISTERED NUMBER:

08435404 (England and Wales)

AUDITORS:

Walker Begley UK Limited

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

FIXED ASSETS

Tangible assets

5

26,215

36,381

CURRENT ASSETS

Stocks

1,326,620

1,082,642

Debtors

476,904

516,879

Cash at bank

163,177

237,037

1,966,701

1,836,558

CREDITORS

Amounts falling due within one year

1,953,782

1,801,387

NET CURRENT ASSETS

12,919

35,171

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,134

71,552

CREDITORS

Amounts falling due after more than one
year

20,704

35,462

NET ASSETS

18,430

36,090

CAPITAL AND RESERVES

Called up share capital

60

Retained earnings

18,370

36,030

SHAREHOLDERS' FUNDS

18,430

36,090

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 September 2025 and were signed on its behalf by:

T G Burgess - Director

1.	STATUTORY INFORMATION

Battery Components 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company is dependent, in the absence of other funding, on the continued financial support of Triathlon Holdings GmbH. The company has confirmed it's commitment to provide the necessary support by providing adequate facilities.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Related party exemption

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.

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.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

89,259

Additions

539

At 31 December 2024

89,798

DEPRECIATION

At 1 January 2024

52,878

Charge for year

10,705

At 31 December 2024

63,583

NET BOOK VALUE

At 31 December 2024

26,215

At 31 December 2023

36,381

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31/12/24

31/12/23

£

Net obligations repayable:

Within one year

4,758

Between one and five years

15,704

20,462

25,220

Non-cancellable operating

leases

31/12/24

31/12/23

£

Within one year

35,429

38,650

Between one and five years

-

35,429

74,079

7.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

Hire purchase contracts

20,462

25,220

Liabilities under hire purchase agreements are secured against the assets to which they relate.

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

The Report of the Auditors was unqualified.

Mr K G Begley (Senior Statutory Auditor)

for and on behalf of Walker Begley UK Limited

9.	RELATED PARTY DISCLOSURES

Included within creditors as at 31 December 2024 is an amount of £867,130 (2023 - £289,547) in respect of Triathlon Battery Solutions Limited, a company under common control. Purchases from the company during the year amounted to £16,402, with sales of £2,306,184.

Also included within creditors is an amount of £307,300 (2023 - £305,419) due to Triathlon Holdings GmbH and £11,921 due to PBM Srl, both other group companies. Interest of £22,162 was paid to Triathlon Holdings GmbH during the year.

Included within debtors is an amount of £156,552 (2023 - £79,941) due from Triathlon Battery Solutions Inc, an amount of £NIL (2023 - £32,714) from Triathlon Battery Solutions PTY Limited, an amount of £43,718 from SEBA Srl and £35,166 due from Sunlight Energy Storage Systems SA all other group members.

Sales and purchases to other group companies during the year were as follows:-

Triathlon Batterien GmbH - Sales of £30,496 and purchases of £774

Sunlight Group Energy Storage Systems SA - Sales of £100,494

Triathlon Battery Solutions PTY Ltd - Sales of £20,513

Triathlon Battery Solutions Inc - Sales of £512,368

SEBA SRL - Sales of £272,274

PBM Srl - Purchases of £82,819

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	ULTIMATE CONTROLLING PARTY

For the period of account, the company was a subsidiary undertaking of Triathlon International GmbH, a company incorporated in Germany, registered office address Am Brand 11 - 13, 90602 Pyrbaum. Triathlon International GmbH controls Battery Components Limited as they own 51% of its share capital.

The ultimate parent is Sunlight Group Energy Storage Systems SA, a company registered in Greece. Registered office address is 22 Thivaidos Str., Kifissia, 145 64, Greece.

Sunlight Group Energy Storage Systems SA is part of the Olympia Group Ltd, a private company incorporated and existing under the laws of Cyprus, with registration number HE 161762. Registered office address is Olympia Business Centre (3rd Floor), Arch, Makariou III & Nikolaou Gyzi 2, 3060 Limassol, Cyprus.