REGISTERED NUMBER: 01851179 (England and Wales)

Isomet (UK) Limited

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M W Hillier

R J Evans

REGISTERED OFFICE:

18 John Baker Close

Llantarnam Park

Cwmbran

Torfaen

NP44 3AX

REGISTERED NUMBER:

01851179 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Chartered Accountants

& Statutory Auditors

Suite 2d

Building 1 Eastern Business Park

St Mellons

Cardiff

South Glamorgan

CF3 5EA

FIXED ASSETS

Intangible assets

4

305,090

224,232

Tangible assets

5

26,778

25,682

331,868

249,914

CURRENT ASSETS

Stocks

173,238

236,338

Debtors

6

1,839,798

1,642,567

Cash at bank

45,458

71,276

2,058,494

1,950,181

CREDITORS

Amounts falling due within one year

7

148,889

134,562

NET CURRENT ASSETS

1,909,605

1,815,619

TOTAL ASSETS LESS CURRENT LIABILITIES

2,241,473

2,065,533

CREDITORS

Amounts falling due after more than one year

8

(4,274

)

(14,923

)

PROVISIONS FOR LIABILITIES

(79,671

)

(59,159

)

NET ASSETS

2,157,528

1,991,451

CAPITAL AND RESERVES

Called up share capital

86,000

86,000

Retained earnings

2,071,528

1,905,451

2,157,528

1,991,451

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 10 November 2025 and were signed on its behalf by:

M W Hillier - Director

1.	STATUTORY INFORMATION

Isomet (UK) 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Plant and machinery

-

10-20% on reducing balance

Stocks

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

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

Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated .

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over

their useful lives.

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 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 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

713,708

Additions

151,011

Disposals

(389,285

)

At 31 December 2024

475,434

AMORTISATION

At 1 January 2024

489,476

Charge for year

70,153

Eliminated on disposal

(389,285

)

At 31 December 2024

170,344

NET BOOK VALUE

At 31 December 2024

305,090

At 31 December 2023

224,232

5.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 January 2024

18,911

251,793

270,704

Additions

-

4,220

4,220

Disposals

(18,911

)

-

(18,911

)

At 31 December 2024

-

256,013

256,013

DEPRECIATION

At 1 January 2024

18,911

226,111

245,022

Charge for year

-

3,124

3,124

Eliminated on disposal

(18,911

)

-

(18,911

)

At 31 December 2024

-

229,235

229,235

NET BOOK VALUE

At 31 December 2024

-

26,778

26,778

At 31 December 2023

-

25,682

25,682

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

115,543

139,760

Amounts owed by group undertakings

1,706,399

1,469,243

Other debtors

17,856

33,564

1,839,798

1,642,567

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

51,645

46,599

Taxation and social security

79,007

68,835

Other creditors

8,237

9,128

148,889

134,562

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,274

14,923

9.	LEASING AGREEMENTS

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

31.12.24

31.12.23

£

£

Within one year

18,500

18,500

Between one and five years

74,000

74,000

In more than five years

-

18,500

92,500

111,000

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

The Report of the Auditors was unqualified.

Tania Cregg FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	RELATED PARTY DISCLOSURES

During the year the company had the following transactions with Isomet Corporation, its parent company:-

2024

2023

£

£

Sales

369,767

286,964

Purchases

610,178

784,810

Balance due to Isomet (UK) Limited

1,706,399

1,469,243

All sales to Isomet Corporation are subject to a discount of 15%.