Ames Goldsmith U.K. Limited

	Page
Strategic Report	1—2
Directors' Report	3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9
Statement of Changes in Equity	10
Statement of Cash Flows	11
Notes to the Statement of Cash Flows	12
Notes to the Financial Statements	13—19

The directors present their strategic report for the year ended 30 June 2025.

Principal Activity

Vision

Performance materials for a bright future.

Mission Statement

A leading global supplier for chemically produced metal products, as well as refining services.
Support our valued customers with their efforts to reach and surpass their identified goals. We will achieve this by offering the most competitive and technically capable solutions in our markets.
Maintain trust and long-term relationships with our customers, employees, and suppliers by meeting and striving to exceed their expectations with our products and services.

Core Values

Social responsibility - Investing in and recognizing our role in responsible sourcing of our materials while always meeting environmental, health and safety expectations.
Quality - Consistent high level in our products and services.
Innovation - Provide new and unique products and services to our markets.
Customer Service - Provide excellent service to our customers through our response and flexibility.
Continual Improvement - Strive for excellence on all core values in support of our business and our customer's requirements.

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Ames Goldsmith U.K. Limited

Strategic Report (continued)

For The Year Ended 30 June 2025

Review of the Business

Review of the year:

This financial year has seen improved business conditions, although we won’t quite hit the targets set in the budget. Overall customer demand has increased substantially continuing the promising end we had to the last financial year. This has allowed us to increase sales by 70%.

Inflation has been less of an issue, although prices have now stabilised, they remain high compared to historic costs. Variable costs have generally risen in line with sale increase, but we have worked hard to keep fixed costs static.

With the higher demand and through the hard work of the whole team we expect to see one of our better 12 months commercial performance in this financial year.

The business met the majority of its KPI’s around quality, employee satisfaction and financial management. Sales and profitability came short of forecast but were still a significant improvement on the last 2 years. Performance on quality progress and absence rate highlighted issues around the size and age of the workforce that will be a focus in the new year.

Looking at income, we saw increases in demand in the catalyst and mirror markets and sales via distributers also increased. We did see a drop in demand in electrical and photo markets.

Looking to next year:

Operations – We will focus on reducing waste in operation – we will do this by looking at 3 key areas:

We will review resources and work with our parent company to ensure staffing levels are sustainable.
We will review equipment and look at either strategies from replacing older equipment or replace for new.
We will look at progressing digitalisation on site to improve efficiencies and work on further developing our carbon and energy reduction programme.

Sales – We will continue to work with customers to grow sales at the leads we have already developed at the same time as looking for new uses or new customers. We will also look at whether we need new products or can bring in product lines from the parent company to support local markets.

On behalf of the board

R J Garrett

Director

19/09/2025

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Ames Goldsmith U.K. Limited

Company No. 05951718

Directors' Report For The Year Ended 30 June 2025

Directors' Report

The directors present their report and the financial statements for the year ended 30 June 2025.

Directors

The directors who held office during the year were as follows:

R J Garrett

R F Davies

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board

R J Garrett

Director

19/09/2025

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Independent Auditor's Report

to the Members of

Ames Goldsmith U.K. Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Ames Goldsmith U.K. Limited for the year ended 30 June 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Ames Goldsmith U.K. Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the sector in which it operates. We determined that the following laws and regulations were most significant: the Companies Act 2006, UK employment laws, UK tax laws and Health and Safety regulations;

-We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management, reviewing any board meeting minutes, and reviewing the legal costs incurred in the year and enquiring with management as to the circumstances around these legal costs.

-We assessed the susceptibility of the Company's financial statements to materiality misstatement, including how fraud might occur. Audit procedures performed by the audit engagement team included:

-identifying the controls that management has in place to prevent and detect fraud;

-challenging assumptions and judgements made by management in its significant accounting estimates;

-auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business;

-assessing the extent of compliance with the relevant laws and regulations.

...CONTINUED

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Independent Auditor's Report (continued)

to the Members of

Ames Goldsmith U.K. Limited

Auditor's Responsibilities for the Audit of the Financial Statements - continued

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)

for and on behalf of SB & P , Statutory Auditor

19/09/2025

SB & P

Chartered Accountants & Statutory Auditors

Oriel House, 2-8 Oriel Road

Bootle

Liverpool

L20 7EP

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Ames Goldsmith U.K. Limited

Profit and Loss Account

For The Year Ended 30 June 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	86,651,111	76,503,844
Cost of sales		(81,853,430 )	(74,078,502 )

GROSS PROFIT		4,797,681	2,425,342

Administrative expenses		(2,694,065 )	(2,420,695 )
Other operating income		279,238	340,456

OPERATING PROFIT	5	2,382,854	345,103
Interest payable and similar charges	10	(13,240 )	(8,967 )

PROFIT BEFORE TAXATION		2,369,614	336,136
Tax on Profit	11	(578,112 )	27,141

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,791,502	363,277

The notes on pages 12 to 19 form part of these financial statements.

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Ames Goldsmith U.K. Limited

Statement of Comprehensive Income

For The Year Ended 30 June 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,791,502	363,277
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,791,502	363,277

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Ames Goldsmith U.K. Limited

Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: 05951718

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		344,194		368,854
Investments	13		1		1

			344,195		368,855
CURRENT ASSETS
Stocks	14	1,192,372		1,062,714
Debtors	15	2,193,734		3,149,482
Cash at bank and in hand		5,165,039		3,321,700

		8,551,145		7,533,896
Creditors: Amounts Falling Due Within One Year	16	(2,336,909 )		(3,130,550 )

NET CURRENT ASSETS (LIABILITIES)			6,214,236		4,403,346

TOTAL ASSETS LESS CURRENT LIABILITIES			6,558,431		4,772,201

PROVISIONS FOR LIABILITIES
Deferred Taxation	17		(81,981 )		(87,253 )

NET ASSETS			6,476,450		4,684,948

CAPITAL AND RESERVES
Called up share capital	19		1		1
Profit and Loss Account			6,476,449		4,684,947

SHAREHOLDERS' FUNDS			6,476,450		4,684,948

On behalf of the board

R J Garrett

Director

19/09/2025

The notes on pages 12 to 19 form part of these financial statements.

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Ames Goldsmith U.K. Limited

Statement of Changes in Equity

For The Year Ended 30 June 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 July 2023	1	4,321,670	4,321,671
Profit for the year and total comprehensive income	-	363,277	363,277

As at 30 June 2024 and 1 July 2024	1	4,684,947	4,684,948


Profit for the year and total comprehensive income	-	1,791,502	1,791,502

As at 30 June 2025	1	6,476,449	6,476,450

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Ames Goldsmith U.K. Limited

Statement of Cash Flows

For The Year Ended 30 June 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	1,978,714	(1,623,899 )
Interest paid		(13,240 )	(8,967 )
Tax refunded/(paid)		14,292	(23,481 )

Net cash generated from/(used in) operating activities		1,979,766	(1,656,347 )

Cash flows from investing activities
Purchase of tangible assets		(166,772 )	(119,103 )



Increase/(decrease) in cash and cash equivalents		1,812,994	(1,775,450 )
Cash and cash equivalents at beginning of year	2	3,321,700	5,094,527
Foreign exchange gains on cash and cash equivalents		30,345	2,623

Cash and cash equivalents at end of year	2	5,165,039	3,321,700

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Ames Goldsmith U.K. Limited

Notes to the Statement of Cash Flows

For The Year Ended 30 June 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
Profit for the financial year	1,791,502	363,277
Adjustments for:
Tax on profit	578,112	(27,141 )
Interest expense	13,240	8,967
Depreciation of tangible assets	191,432	173,422
Foreign exchange gains	(30,345)	(2,626)
Movements in working capital:
(Increase)/decrease in stocks	(129,658 )	449,063
Decrease/(increase) in trade and other debtors	955,748	(2,157,476 )
Decrease in trade and other creditors	(1,391,317 )	(431,385 )

Net cash generated from/(used in) operations	1,978,714	(1,623,899 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	5,165,039	3,321,700

3. Analysis of changes in net funds

	As at 1 July 2024	Cash flows	As at 30 June 2025
	£	£	£
Cash at bank and in hand	3,321,700	1,843,339	5,165,039

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Ames Goldsmith U.K. Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Ames Goldsmith U.K. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05951718 . The registered office is c/o 2 Millers Bridge, Bootle, Liverpool, L20 8LH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount 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 accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvements to property	25% on cost
Plant & Machinery	Straight line over 7 years

2.5. Investments

Investments in subsidiary undertakings are recognised at cost.

Ames Goldsmith U.K. Limited has not prepared consolidated accounts as the subsidiary has been deemed to be immaterial in accordance with Section 405 (2) of the Companies Act 2006.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

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Ames Goldsmith U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from other third parties, loans from related parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Investments in non-puttable ordinary shares are measured at cost less impairment.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an 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.

2.9. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.10. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Ames Goldsmith U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3. Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

Analysis of turnover by geographical market is as follows:

	2025	2024
	£	£
United Kingdom	4,183,467	3,336,382
Europe	81,097,966	71,786,968
Rest of the world	1,369,678	1,380,494

	86,651,111	76,503,844

4. Other Operating Income

	2025	2024
	£	£
Other operating income	279,238	340,456

	279,238	340,456

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	191,432	173,422

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	12,000	11,375

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,369,322	1,167,482
Social security costs	159,884	117,372
Other pension costs	90,221	86,616

	1,619,427	1,371,470

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Ames Goldsmith U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	5	4
Sales, marketing and distribution	1	3
Manufacturing	14	13
Research and Development	2	2

	22	22

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	185,747	156,036
Company contributions to money purchase pension schemes	26,000	23,405

	211,747	179,441

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Interest payable to group undertakings	13,240	8,967

11. Tax on Profit

	Tax Rate		2025	2024
The tax charge/(credit) on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	583,384	(14,650 )
Deferred Tax
Deferred taxation			(5,272 )	(12,491 )


Total tax charge for the period			578,112	(27,141 )


The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			2,369,614	336,136

Tax on profit at 25% (UK standard rate)			592,404	84,034
Expenses not deductible for tax purposes			-	275
Current tax from unrecognised timing difference from a prior period			(14,292 )	(14,650 )
Group relief			-	(96,800 )

Total tax charge for the period			578,112	(27,141)

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Ames Goldsmith U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

12. Tangible Assets

	Land & Property
	Improvements to property	Plant & Machinery	Total
	£	£	£
Cost
As at 1 July 2024	654,417	1,558,232	2,212,649
Additions	40,490	126,282	166,772

As at 30 June 2025	694,907	1,684,514	2,379,421

Depreciation
As at 1 July 2024	516,754	1,327,041	1,843,795
Provided during the period	92,595	98,837	191,432

As at 30 June 2025	609,349	1,425,878	2,035,227

Net Book Value
As at 30 June 2025	85,558	258,636	344,194

As at 1 July 2024	137,663	231,191	368,854

Cost or valuation as at 30 June 2025 represented by:

	Land & Property
	Improvements to property	Plant & Machinery	Total
	£	£	£
At cost	694,907	1,684,514	2,379,421

	694,907	1,684,514	2,379,421

13. Investments

	Listed
	£
Cost or Valuation
As at 1 July 2024	1

As at 30 June 2025	1

Provision
As at 1 July 2024	-

As at 30 June 2025	-

Net Book Value
As at 30 June 2025	1

As at 1 July 2024	1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ames Goldsmith Netherlands BV

Registered Office: Prins Bernhardplein 200,1097 JB Amsterdam, Netherlands

Nature of Business: Administration

...CONTINUED

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Ames Goldsmith U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

13. Investments - continued

Class of shares: % holding

Ordinary 100.00

Aggregate capital and reserves:

30.6.2024 - £81,625

30.6.2023 - £85,186

14. Stocks

	2025	2024
	£	£
Stock	1,192,372	1,062,714

15. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,735,229	2,692,627
Amounts owed by group undertakings	245,398	246,561
Other debtors	213,107	210,294

	2,193,734	3,149,482

16. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	939,153	2,561,128
Amounts owed to group undertakings	448,762	291,562
Corporation tax	597,676	-
Taxation and social security	30,894	33,467
Accruals and deferred income	320,424	244,393

	2,336,909	3,130,550

17. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	81,981	87,253

18. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 July 2024	87,253	87,253
Deferred taxation	(5,272 )	(5,272 )

Balance at 30 June 2025	81,981	81,981

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Ames Goldsmith U.K. Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

19. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

20. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	95,000	95,000
Later than one year and not later than five years	126,667	221,667

	221,667	316,667

21. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to profit or loss in respect of defined contribution schemes was £90,221 (2024: £86,616).

22. Related Party Disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with members of the same group that are wholly owned subsidiaries, on the basis that they are included in the consolidated financial statements.

23. Controlling Parties

The company's ultimate controlling party is Ames Goldsmith Corp. by virtue of their interest in the share capital of the company.

Ames Goldsmith Corp.

50 Harrison Avenue,Glens Falls 12803,New York,USA

24. Parent Consolidation

The company is included in the consolidated statements of Ames Goldsmith Corp., the Registered Office of which is:

50 Harrison Avenue

Glens Falls 12803

New York

USA

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