REGISTERED NUMBER: 03045916 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Alpha Micro Components Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Hewitt

L Lardides

C Mialin

C Papakyriacou

P Reynoud

N P Robins

REGISTERED OFFICE:

Chiltlee Manor

50 Chiltlee Manor Estate

Liphook

Hampshire

GU30 7AZ

REGISTERED NUMBER:

03045916 (England and Wales)

AUDITORS:

Nortons Assurance Limited

Statutory Auditors

Second Floor, Now Building

Thames Valley Park

Reading

Berkshire

RG6 1RB

FIXED ASSETS

Tangible assets

4

13,430

83,768

CURRENT ASSETS

Stocks

761,805

941,692

Debtors

1,072,172

1,634,063

Cash at bank

2,232,071

2,011,373

4,066,048

4,587,128

CREDITORS

Amounts falling due within one year

1,127,522

1,610,919

NET CURRENT ASSETS

2,938,526

2,976,209

TOTAL ASSETS LESS CURRENT LIABILITIES

2,951,956

3,059,977

CREDITORS

Amounts falling due after more than one year

-

(155,999

)

PROVISIONS FOR LIABILITIES

(3,273

)

(11,730

)

NET ASSETS

2,948,683

2,892,248

CAPITAL AND RESERVES

Called up share capital

9,600

9,600

Capital redemption reserve

3,000

3,000

Retained earnings

2,936,083

2,879,648

2,948,683

2,892,248

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 Balance Sheet for the year ended 30 April 2025 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 10 December 2025 and were signed on its behalf by:

C Papakyriacou - Director

1.	STATUTORY INFORMATION

Alpha Micro 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Alpha Micro Components Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Steliau Développement, 41-43, Rue Périer, 92120 Montrouge.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies the directors are required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both the current and future periods.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company generates revenues in the form of orders of electronic components.

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

-

50% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

50% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" 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 a contractual provision 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 offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument that evidences a residual interest in the asset of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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.

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.

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company independently administered funds.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

172,152

Additions

1,336

Disposals

(104,753

)

At 30 April 2025

68,735

DEPRECIATION

At 1 May 2024

88,384

Charge for year

12,350

Eliminated on disposal

(45,429

)

At 30 April 2025

55,305

NET BOOK VALUE

At 30 April 2025

13,430

At 30 April 2024

83,768

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

The Report of the Auditors was unqualified.

Anthony Campbell (Senior Statutory Auditor)

for and on behalf of Nortons Assurance Limited

6.	COMMITMENTS, GUARANTEES AND CONTINGENCIES

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

Year

2025

2024

£

£

Amounts due within 1 year

45,500

13,767

Amounts due within 2 - 5 years

182,000

-

Amounts due over 5 years

87,510

-

Total

315,010

13,767

7.	RELATED PARTY DISCLOSURES

Colston Trustees Limited (a company which operates a trust controlled by; Christos P, Lisa L, Nicholas R). During the year, the Company paid the Trust an amount of £46,750 (2024: £50,500) for office rent. The balance prepaid as at the balance sheet date was £7,583 (2024: £8,417) and is included within other debtors.

A director is owed £0 (2024 - £302,114) at the end of the financial year. During the year the director drew down £302,114 (2024 - £141,304).

A director is owed £0 (2024 - £705) at the end of the financial year. During the year the director drew down £705 (2024 - £42,304).

A director is owed £0 (2024 - £60,961) at the end of the financial year. During the year the director drew down £60,961 (2024 - £29,435).

A director is owed £0 (2024 - £5,937) at the end of the financial year. During the year the director drew down £5,937 (2024 - £10,000).

During the year, the Company has sold products and services to the following companies with common directorships.

M2M Cloud Limited

Revenue of £127,500 (2024 - £62,630) was recognised.

Biketrac Limited

Revenue of £952,168 (2024 - £852,070) was recognised.

The total amount outstanding at the balance sheet date was £216,209 (2024 - 48,312) and is included within Trade Receivables. The receivable is unsecured, no guarantees received and the balance is due in 30 days (2024 - 30 days).

The total amount owed to BikeTrac at the balance sheet date was £30,000 (2024 - £nil) and is included within Trade Creditors.

Other than the transactions disclosed in note 10, the company's other related party transactions were with wholly owned subsidiaries.

8.	POST BALANCE SHEET EVENTS

On 16th September 2025, a dividend was paid to Steliau Developpment (Parent) of $1,336,400.

9.	ULTIMATE CONTROLLING PARTY

During the year, the company was acquired by Steliau Développement, a company incorporated in France.

The ultimate controlling party is Astorg VIII, a private equity fund registered in Luxembourg, through its control of Saturn Topco, a company incorporated in France.

10.	PENSION COMMITMENTS

The Company operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £255,866 (2024 - £163,826). Contributions totalling £18,502 (2024 - £1,952) were payable to the fund at the balance sheet date.