Company Registration No. 02506398 (England and Wales)
ACONPEX (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
St Matthews House
Haugh Lane
Hexham
Northumberland
NE46 3PU
ACONPEX (UK) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ACONPEX (UK) LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
268,631
194,186
Investments
4
534,875
486,765
803,506
680,951
Current assets
Stocks
160,500
50,000
Debtors
5
185,481
83,999
Cash at bank and in hand
811,471
671,935
1,157,452
805,934
Creditors: amounts falling due within one year
6
(263,003)
(100,586)
Net current assets
894,449
705,348
Total assets less current liabilities
1,697,955
1,386,299
Provisions for liabilities
(39,713)
(13,704)
Net assets
1,658,242
1,372,595
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
1,648,242
1,362,595
Total equity
1,658,242
1,372,595

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ACONPEX (UK) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 November 2025 and are signed on its behalf by:
Mr J B West
Director
Company registration number 02506398 (England and Wales)
ACONPEX (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Aconpex (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Glenshele House, Scroggswood, Bardon Mill, Northumberland, NE47 7JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Invoices are raised on provision of goods and services.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
nil
Land and buildings leasehold
20% per annum straight line
Fixture, fittings & equipment
15% per annum reducing balance & 33% straight line
Motor vehicles
25% per annum reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ACONPEX (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stock is valued at the lower of cost and net realisable value.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

ACONPEX (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
9
ACONPEX (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
3
Tangible fixed assets
Freehold property
Land and buildings leasehold
Fixture, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2024
153,738
41,359
81,334
97,591
374,022
Additions
-
0
-
0
18,000
65,869
83,869
Disposals
-
0
(41,359)
-
0
-
0
(41,359)
At 31 May 2025
153,738
-
0
99,334
163,460
416,532
Depreciation and impairment
At 1 June 2024
-
0
41,359
60,857
77,620
179,836
Depreciation charged in the year
-
0
-
0
4,491
4,933
9,424
Eliminated in respect of disposals
-
0
(41,359)
-
0
-
0
(41,359)
At 31 May 2025
-
0
-
0
65,348
82,553
147,901
Carrying amount
At 31 May 2025
153,738
-
33,986
80,907
268,631
At 31 May 2024
153,738
-
0
20,477
19,971
194,186
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
534,875
486,765
Fixed asset investments revalued

Investments are held at market value at 31st May 2025 as provided by Schroders.

ACONPEX (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
4
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 June 2024
486,765
Additions
22,500
Valuation changes
25,610
At 31 May 2025
534,875
Carrying amount
At 31 May 2025
534,875
At 31 May 2024
486,765
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
178,758
75,807
Other debtors
6,723
8,192
185,481
83,999
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
172,230
89,805
Taxation and social security
87,183
4,761
Other creditors
3,590
6,020
263,003
100,586
7
Directors' transactions

Dividends totalling £30,000 (2024 - £46,600) were paid in the year in respect of shares held by the company's directors.

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