REGISTERED NUMBER: 03046611 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Greatbatch Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B.M. Greatbatch

S Greatbatch

SECRETARY:

S Greatbatch

REGISTERED OFFICE:

Unit 65 Lancaster Road Industrial Estate

Lancaster Road

New Barnet

Hertfordshire

EN4 8AS

REGISTERED NUMBER:

03046611 (England and Wales)

ACCOUNTANTS:

NCCS Associates Limited

88 Lichfield Grove

Finchley

London

N3 2JN

FIXED ASSETS

Tangible assets

4

218,685

107,487

Investments

5

60,330

60,330

279,015

167,817

CURRENT ASSETS

Debtors

6

360,746

426,177

Cash at bank

370,439

1,237,789

731,185

1,663,966

CREDITORS

Amounts falling due within one year

7

325,048

512,457

NET CURRENT ASSETS

406,137

1,151,509

TOTAL ASSETS LESS CURRENT LIABILITIES

685,152

1,319,326

CREDITORS

Amounts falling due after more than one year

8

(108,866

)

-

PROVISIONS FOR LIABILITIES

(27,049

)

(25,190

)

NET ASSETS

549,237

1,294,136

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

549,137

1,294,036

SHAREHOLDERS' FUNDS

549,237

1,294,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22nd October 2025 and were signed on its behalf by:

B.M. Greatbatch - Director

1.	STATUTORY INFORMATION

Greatbatch 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.

Turnover

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

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

-

432,524

432,524

Additions

10,139

171,926

182,065

At 31st March 2025

10,139

604,450

614,589

DEPRECIATION

At 1st April 2024

-

325,037

325,037

Charge for year

1,014

69,853

70,867

At 31st March 2025

1,014

394,890

395,904

NET BOOK VALUE

At 31st March 2025

9,125

209,560

218,685

At 31st March 2024

-

107,487

107,487

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1st April 2024

and 31st March 2025

60,330

NET BOOK VALUE

At 31st March 2025

60,330

At 31st March 2024

60,330

The investment in associated company is accounted for at cost less impairment.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

356,701

400,772

Other debtors

4,045

25,405

360,746

426,177

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

17,113

-

Trade creditors

92,909

202,686

Taxation and social security

164,686

217,041

Other creditors

50,340

92,730

325,048

512,457

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

108,866

-

9.	PARENT UNDERTAKING

The company is 50% subsidiary of Greatbatch Holdings Ltd, a company incorporated in England and Wales, registered number 15498378.

The parent company has not prepared consolidated financial statements for the year as it is exempt under Section 399 of the Companies Act 2006, as the group qualifies as small.