REGISTERED NUMBER: 04890104 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALCONBURY WESTON LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

to

9

FIXED ASSETS

Tangible assets

5

347,596

348,489

CURRENT ASSETS

Stocks

336,945

259,852

Debtors

6

968,084

434,348

Cash at bank

93,388

106,540

1,398,417

800,740

CREDITORS

Amounts falling due within one year

7

(1,473,949

)

(838,073

)

NET CURRENT LIABILITIES

(75,532

)

(37,333

)

TOTAL ASSETS LESS CURRENT LIABILITIES

272,064

311,156

CREDITORS

Amounts falling due after more than one year

8

(22,547

)

(67,549

)

NET ASSETS

249,517

243,607

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

77,556

83,760

Retained earnings

171,861

159,747

249,517

243,607

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 11 December 2025 and were signed on its behalf by:

J N Batt - Director

1.	STATUTORY INFORMATION

Alconbury Weston Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04890104

Registered office:

Oldfield House Galveston Grove

Fenton

Stoke-On-Trent

Staffordshire

ST4 3PE

The principal activity of the company was that of manufacture of other special-purpose machinery.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity.

GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that Fydec Holding Sa, the parent company, will continue to financially support the company.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The preparation of the financial statements require management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience of other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Revaluation of self constructed assets

Self constructed assets are periodically reviewed and revalued on the basis of market value. The directors consider the valuation to reflect market value at 31 December 2024.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Work in progress

Work in progress represents the income and costs associated with construction contracts by reference to the stage of completion at the year end. Stage of completion is measured by the proportion of costs incurred for work performed to date compared to the total estimated costs.

Estimated useful lives and residual values of fixed assets

As described in the notes to the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and the actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

REVENUE RECOGNITION

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover represents amounts chargeable, net of value-added tax, in respect of the sale of goods and services to customers.

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as the proportion of total contract value in which costs incurred to date bear to total expected costs of the contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year they are first foreseen.

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

-

25% reducing balance

Fixtures and fittings

-

10% straight line

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% reducing balance

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

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

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

RESEARCH AND DEVELOPMENT

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

- It is technically feasible to complete the intangible asset so that it will be available for use or sale;

- There is the intention to complete the intangible asset and use or sell it;

- There is the ability to use or sell the intangible asset;

- The use or sale of the intangible asset will generate probable future economic benefits;

- There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and

- The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

FOREIGN CURRENCIES

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates for monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

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.

EMPLOYEE BENEFITS

The company provides a range of benefits to employees.

Short term benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4.	AUDITORS' REMUNERATION

31.12.24

31.12.23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

15,975

8,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

344,119

35,516

12,131

28,865

420,631

Additions

-

-

-

5,484

5,484

At 31 December 2024

344,119

35,516

12,131

34,349

426,115

DEPRECIATION

At 1 January 2024

15,137

22,695

9,995

24,315

72,142

Charge for year

368

3,549

533

1,927

6,377

At 31 December 2024

15,505

26,244

10,528

26,242

78,519

NET BOOK VALUE

At 31 December 2024

328,614

9,272

1,603

8,107

347,596

At 31 December 2023

328,982

12,821

2,136

4,550

348,489

Self-constructed assets are included in plant and machinery and were revalued at the balance sheet date by the directors on the basis of market value. If the self-constructed assets were stated on an historical cost basis rather than fair value, the total amounts included would have been as follows:

31.12.24

31.12.23

Cost

£224,092

£224,092

Depreciation

-

-

Net book value

£224,092

£224,092

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

301,797

133,445

Amounts owed by group undertakings

28,422

-

Tax

71,302

40,213

VAT

4,889

5,416

Deferred tax asset

32,412

52,526

Prepayments and accrued income

529,262

153,846

968,084

385,446

31.12.24

31.12.23

£

£

Amounts falling due after more than one year:

Trade debtors

-

48,902

Aggregate amounts

968,084

434,348

Amounts owed by group undertakings are unsecured, interest free, and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

45,002

45,000

Trade creditors

313,126

263,497

Amounts owed to group undertakings

960,973

348,021

Social security and other taxes

13,509

41,594

Other creditors

7,865

4,729

Directors' current accounts

120,699

88,299

Accruals and deferred income

12,775

46,933

1,473,949

838,073

Amounts owed to group undertakings are unsecured and are repayable on demand. 3% interest per annum is charged on one of the intercompany loans, the remainder being interest free.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

22,547

45,000

Bank loans - 2-5 years

-

22,549

22,547

67,549

9.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

48,750

48,750

Between one and five years

48,750

97,500

97,500

146,250

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

The Report of the Auditors was unqualified.

Michelle Coates (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

11.	EVENTS AFTER THE REPORTING PERIOD

There were no material events up to the date of the approval of the financial statements by the Board.

12.	ULTIMATE CONTROLLING PARTY

The company's parent undertaking is Fydec Holding Sa. Its principal place of business is Z.I. Larges Pieces A,Chemin Du Devent, Ecublens,Switzerland.

The company's ultimate parent company is The Dec Group Limited. Its principal place of business is Z. I. Larges Pieces A, Chemin Du Devent, Ecublens, Switzerland.