REGISTERED NUMBER: 08253003 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Vivax-Metrotech Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Stolz

J M Royle

SECRETARY:

Taylor Wessing Secretaries Limited

REGISTERED OFFICE:

5 New Street Square

London

United Kingdom

EC4A 3TW

REGISTERED NUMBER:

08253003 (England and Wales)

FIXED ASSETS

Intangible assets

4

37,368

6,644

Tangible assets

5

179,362

149,274

216,730

155,918

CURRENT ASSETS

Stocks

6

2,772,993

3,552,866

Debtors

7

957,352

1,166,461

Cash at bank and in hand

814,264

852,110

4,544,609

5,571,437

CREDITORS

Amounts falling due within one year

8

2,472,809

3,530,497

NET CURRENT ASSETS

2,071,800

2,040,940

TOTAL ASSETS LESS CURRENT LIABILITIES

2,288,530

2,196,858

CREDITORS

Amounts falling due after more than one year

9

(1,500,000

)

(1,500,000

)

PROVISIONS FOR LIABILITIES

(32,387

)

(24,227

)

NET ASSETS

756,143

672,631

CAPITAL AND RESERVES

Called up share capital

11

100,000

100,000

Retained earnings

656,143

572,631

SHAREHOLDERS' FUNDS

756,143

672,631

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 30 September 2025 and were signed on its behalf by:

C Stolz - Director

J M Royle - Director

1.	STATUTORY INFORMATION

Vivax-Metrotech Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Functional and presentation currency

The company's functional and presentation currency is Sterling (£).

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.

Turnover

Turnover is measured at the fair value of consideration received or receivable net of value added tax and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sales of goods

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Supply of services

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Patents and licences

Patents are amortised are included at cost and amortised over their estimated useful economic life. Provision is made of any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery

- Straight line over 4 years

Fixtures and fittings

- Straight line over 5 years

Motor vehicles

- Straight line over 3 years

Computer equipment

- Straight line over 3 years

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Repairs and maintenance costs are expensed as incurred.

Stocks

Stock is stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock is recognised as an expense in the period in which the related revenue is recognised.

At the end of each reporting period stock is assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. The company provides its research and development work as a service to Metrotech Corp, a related group company, which in return gets assignment of all intellectual property rights.

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.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

12,185

Additions

32,000

At 31 December 2024

44,185

AMORTISATION

At 1 January 2024

5,541

Amortisation for year

1,276

At 31 December 2024

6,817

NET BOOK VALUE

At 31 December 2024

37,368

At 31 December 2023

6,644

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

96,545

39,184

182,097

116,183

434,009

Additions

28,701

24,672

44,198

22,060

119,631

Disposals

(9,319

)

(1,900

)

(34,366

)

(7,749

)

(53,334

)

At 31 December 2024

115,927

61,956

191,929

130,494

500,306

DEPRECIATION

At 1 January 2024

78,310

20,668

90,472

95,285

284,735

Charge for year

12,257

8,058

54,155

22,821

97,291

Eliminated on disposal

(9,319

)

(1,900

)

(34,366

)

(15,497

)

(61,082

)

At 31 December 2024

81,248

26,826

110,261

102,609

320,944

NET BOOK VALUE

At 31 December 2024

34,679

35,130

81,668

27,885

179,362

At 31 December 2023

18,235

18,516

91,625

20,898

149,274

6.

STOCKS

2024

2023

£

£

Stocks

2,334,419

2,827,099

Goods in transit

438,574

725,767

2,772,993

3,552,866

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

895,120

1,110,812

Other debtors

21,453

10,620

Prepayments and accrued income

40,779

45,029

957,352

1,166,461

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

60,922

168,229

Tax

21,998

67,894

Social security and other taxes

94,935

40,404

VAT

215,185

221,222

Other creditors

25,950

25,936

Amounts due to group undertaking

1,994,463

2,945,415

Accrued expenses

59,356

61,397

2,472,809

3,530,497

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts due to group undertaking

1,500,000

1,500,000

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

92,614

78,311

Between one and five years

309,846

370,456

In more than five years

-

32,004

402,460

480,771

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100,000

Ordinary

1

100,000

100,000

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

The Report of the Auditors was unqualified.

David Iain Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

13.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of AMI Holding GmbH, a company registered in Germany. The parent company is responsible for drawing up the consolidated financial statements for the group of which the company is a member.

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 other wholly owned subsidiaries within the group, or with the parent company.

14.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Adriane Iann based in Germany through her ownership of AMI Holding GmbH, a German corporation.