ACCOUNTS - Final Accounts preparation

Registered number: 03847220

ADVANCED ACTUATORS LIMITED

FINANCIAL STATEMENTS

31 MARCH 2025

ADVANCED ACTUATORS LIMITED

REGISTERED NUMBER: 03847220

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		30,442		-
Tangible assets	5		171,675		164,727
Investments	6		1		1
			202,118		164,728
Current assets
Stocks		555,693		519,848
Debtors: amounts falling due within one year	8	3,374,933		2,994,285
Cash at bank and in hand	9	72,879		316,682
		4,003,505		3,830,815
Creditors: amounts falling due within one year	10	(2,335,404)		(869,909)
Net current assets			1,668,101		2,960,906
Total assets less current liabilities			1,870,219		3,125,634
Creditors: amounts falling due after more than one year			(10,000)		(19,645)
Provisions for liabilities
Deferred tax		(16,345)		(22,969)
			(16,345)		(22,969)
Net assets			1,843,874		3,083,020

Capital and reserves
Called up share capital	100	100
Profit and loss account	1,843,774	3,082,920
	1,843,874	3,083,020

Page 1

ADVANCED ACTUATORS LIMITED

REGISTERED NUMBER: 03847220

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L A Peace

Director

Date: 18 November 2025

The notes on pages 5 to 16 form part of these financial statements.

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ADVANCED ACTUATORS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024	100	3,082,920	3,083,020
Comprehensive income for the year
Profit for the year	-	322,129	322,129
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	322,129	322,129
Contributions by and distributions to owners
Dividends: Equity capital	-	(1,561,275)	(1,561,275)
Total transactions with owners	-	(1,561,275)	(1,561,275)
At 31 March 2025	100	1,843,774	1,843,874

The notes on pages 5 to 16 form part of these financial statements.

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ADVANCED ACTUATORS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2023	100	2,521,516	2,521,616
Comprehensive income for the year
Profit for the year	-	579,404	579,404
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	579,404	579,404
Contributions by and distributions to owners
Dividends: Equity capital	-	(18,000)	(18,000)
Total transactions with owners	-	(18,000)	(18,000)
At 31 March 2024	100	3,082,920	3,083,020

The notes on pages 5 to 16 form part of these financial statements.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. It trades from its registered office at Unit 4 Ryefield Way, Silsden, West Yorkshire, BD20 0EF.
The principal activity of the company is the manufacture of actuators.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis as the directors believe that the company has adequate resources to continue in operational existence and they are not aware of any events or conditions that may significantly affect the ability of the Company to continue in operational existence for the foreseeable future. The directors have considered a period in excess of twelve months from the date of approval of the financial statements in making their assessment.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.9

Pensions

Defined contribution pension plan

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Licenses

years

Page 7

ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.12

Tangible fixed assets

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 as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method or the reducing balance method as detailed below.

Depreciation is provided on the following basis:

Plant and machinery	-	15%	Reducing balance
Motor vehicles	-	25%	Straight line
Fixtures and fittings	-	15%	Reducing balance
Office equipment	-	33%	Straight line

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

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.14

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

2.15

Stocks

Stocks are stated at the lower of cost and estimated selling price loss costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Page 8

ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.16

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.17

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.18

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 9

ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.20

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 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

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 Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 10

ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.21

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Employees	26	27

4.	Intangible assets

		Licenses
		£
	Cost
	Additions	32,591
	At 31 March 2025	32,591
	Amortisation
	Charge for the year on owned assets	2,149
	At 31 March 2025	2,149
	Net book value
	At 31 March 2025	30,442
	At 31 March 2024	-

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	227,800	61,575	73,388	141,360	504,123
Additions	20,089	-	164	34,866	55,119
Disposals	-	-	-	(942)	(942)
At 31 March 2025	247,889	61,575	73,552	175,284	558,300
Depreciation
At 1 April 2024	125,418	27,226	64,700	122,052	339,396
Charge for the year on owned assets	17,062	7,009	1,305	16,225	41,601
Charge for the year on financed assets	-	5,785	-	-	5,785
Disposals	-	-	-	(157)	(157)
At 31 March 2025	142,480	40,020	66,005	138,120	386,625
Net book value
At 31 March 2025	105,409	21,555	7,547	37,164	171,675
At 31 March 2024	102,382	34,349	8,688	19,308	164,727

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Motor vehicles	5,785	11,569
	5,785	11,569

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	At 1 April 2024	58,000
	At 31 March 2025	58,000
	Impairment
	At 1 April 2024	57,999
	At 31 March 2025	57,999
	Net book value
	At 31 March 2025	1
	At 31 March 2024	1

The investment above relates to interest held in S.I. R&D LLP. The investment was written down in the previous year and at the year end date the LLP is currently in the process of being struck off.

7.	Stocks
		2025	2024
		£	£

Finished goods and goods for resale	555,693	519,848
	555,693	519,848

Debtors

					2025	2024
					£	£


Trade debtors	2,784,457	1,362,428
Amounts owed by group undertakings	461,184	1,496,698
Other debtors	13,835	108,959
Prepayments	115,457	26,200
	3,374,933	2,994,285

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	72,879	316,682
	72,879	316,682

10.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	10,000	10,354
Trade creditors	868,268	693,553
Amounts owed to group undertakings	61,577	100
Other taxation and social security	35,090	48,809
Other creditors	7,901	11,676
Accruals and deferred income	1,352,568	105,417
	2,335,404	869,909

Bank loans are secured by way of debenture over the assets held by the Company.
Amounts owed to group undertakings are repayable on demand with no interest accrued on amounts due.

11.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	10,000	19,645
	10,000	19,645

Bank loans are secured by way of debenture over the assets held by the Company.

Page 14

ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12.	Deferred taxation

		2025
		£

	At beginning of year	22,969
	Utilised in year	6,624
	At end of year	16,345

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	16,345	22,969
		16,345	22,969

13.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

10,000 (2024 - 10,000) Ordinary shares of £0.01 each	100	100

14.

Reserves

Profit and loss account

The Profit and Loss account reserve represents cumulative profit and losses made by the Company to date less dividends distributed to shareholders.

15.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £35,484 (2024 - £24,193). Contributions totalling £4,256 (2024 - £3,832) were payable to the funds at the balance sheet date and are included in creditors.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

16.

Related party transactions

During the year the company entered into the following transactions with related parties:
Included in debtors, amounts due within one year, is an amount of £94,739 (2024: £Nil) due from Reggiana UK Limited, a company under common control. The amount is interest free and repayable on demand.
Included in debtors, amounts due within one year, is an amount of £79,981 (2024: £Nil) due from Advanced Component Technology Limited, a company under common control. The amount is interest free and repayable on demand.
Included in debtors, amounts due within one year, is an amount of £Nil (2024: £1,496,698) due from CWVW Limited, a company under common control. The amount is interest fee and repayable on demand.
Included in creditors, amounts payable within one year, is an amount of £61,577 (2024: £Nil) due to SCLW Limited, a company under common control. The amount is interest free and repayable on demand. Dividends of £1,543,275 were paid to SCLW Limited in the year (2024: £Nil).
Included in creditors amounts paybale within one year, is an amount of £Nil (2024: £100) due to Advanced Multisect Group Limited, a company under common control. The amount is interest free and repayable on demand.

17.	Controlling party

As at 31 March 2025, Advanced Engineering Group Holdings Limited, a company registered in England and Wales was the company’s ultimate controlling party. Advanced Engineering Group Holdings Limited acquired CWVW Limited during the year on 24 February 2025 which was the former ultimate controlling party of Advanced Actuators Limited.

18.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 18 November 2025 by Rohan Day (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

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