Registration number: 02552260

Applied Industrial Systems Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Applied Industrial Systems Limited

Company Information

Directors

R J Swift S R J Burras P J Parkin B E Kelly D F McKenley

Company secretary

I V Kellaway

Registered office

11 Riverview The Embankment Business Park Vale Road Heaton Mersey Stockport SK4 3GN

Accountants

McKellens Limited Chartered Accountants 11 Riverview The Embankment Business Park Vale Road Heaton Mersey Stockport SK4 3GN

Applied Industrial Systems Limited

(Registration number: 02552260)
Balance Sheet as at 29 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	54,518	90,046
Tangible assets	5	18,245	21,333
		72,763	111,379
Current assets
Stocks	6	9,006	124,465
Debtors	7	359,348	400,904
Cash at bank and in hand		498,273	311,069
		866,627	836,438
Creditors: Amounts falling due within one year	8	(356,571)	(361,667)
Net current assets		510,056	474,771
Total assets less current liabilities		582,819	586,150
Creditors: Amounts falling due after more than one year	8	-	(10,121)
Provisions for liabilities		39,354	45,276
Net assets		622,173	621,305
Capital and reserves
Called up share capital	9	84	93
Capital redemption reserve		9	-
Retained earnings		622,080	621,212
Shareholders' funds		622,173	621,305

For the financial year ending 29 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Applied Industrial Systems Limited

(Registration number: 02552260)
Balance Sheet as at 29 June 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 October 2025 and signed on its behalf by:
 

S R J Burras Director

Applied Industrial Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

The principal place of business is:
G09 The Light Box
111 Power Road
Chiswick
London
W4 5PY

These financial statements were authorised for issue by the Board on 1 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Applied Industrial Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2025

2	Accounting policies (continued)

Contract revenue recognition

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% to 25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Research and development costs	3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Applied Industrial Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2025

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Applied Industrial Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2025

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2024 - 22).

Applied Industrial Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2025

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 30 June 2024	367,484	367,484
At 29 June 2025	367,484	367,484
Amortisation
At 30 June 2024	277,438	277,438
Amortisation charge	35,528	35,528
At 29 June 2025	312,966	312,966
Carrying amount
At 29 June 2025	54,518	54,518
At 29 June 2024	90,046	90,046

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 30 June 2024	180,139	180,139
Additions	8,735	8,735
At 29 June 2025	188,874	188,874
Depreciation
At 30 June 2024	158,806	158,806
Charge for the year	11,823	11,823
At 29 June 2025	170,629	170,629
Carrying amount
At 29 June 2025	18,245	18,245
At 29 June 2024	21,333	21,333

Applied Industrial Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2025

6

Stocks

	2025 £	2024 £
Work in progress	9,006	124,465

7

Debtors

Current	2025 £	2024 £
Trade debtors	265,020	308,544
Prepayments	68,039	59,252
Other debtors	26,289	33,108
	359,348	400,904

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	9,624	40,649
Trade creditors		87,767	32,976
Taxation and social security		105,535	95,012
Accruals and deferred income		153,645	193,030
		356,571	361,667

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	84	84	93	93

On 4 July 2024 the company bought back nine Ordinary Shares of £1 each for a total consideration of £16,000.

Applied Industrial Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	10,121

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,624	10,649
Other borrowings	-	30,000
	9,624	40,649

Bank borrowings

Bounce back loan is denominated in Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 6 March 2026. The carrying amount at year end is £9,624 (2024 - £20,770).

11	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	62,032	-
Later than one year and not later than five years	-	134,007
	62,032	134,007

The amount of non-cancellable operating lease payments recognised as an expense during the year was £77,749 (2024 - £74,664).