REGISTERED NUMBER: 02993766 (England and Wales)

REPORT OF THE DIRECTOR AND

CESSATION FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

ASM ENGINEERING PVT LTD

PREVIOUSLY KNOWN AS

SEMCON ENGINEERING UK LIMITED

Page

Company Information

1

Report of the Director

2

Independent Auditors' Report

5

Statement of Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTOR:

R Srikantan

REGISTERED OFFICE:

Enterprise Centre

Coventry University

Technology Park

Coventry

CV1 2TT

REGISTERED NUMBER:

02993766 (England and Wales)

AUDITORS:

Shaw Gibbs (Audit) Limited, Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

The director presents his report with the financial statements of the company for the period 1 January 2023 to 31 March 2024.

The Directors' report has been prepared in accordance with the special provisions relating to small companies under Section 415A of the Companies Act 2006.

The Company has availed of the small companies' exemption under Section 414B of the Companies Act 2006 from providing a Strategic Report.

CESSATION OF TRADING

The company ceased trading on 31 March 2024.

CHANGE OF NAME

The company passed a special resolution on 10 February 2024 changing its name from Semcon Engineering UK Limited to ASM Engineering PVT Ltd.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of supply of computer aided design services through our subsidiary company ASM Digital Engineering PVT Ltd (formerly Semcon UK Limited).

DIVIDENDS

The total distribution of dividends for the period ended 31 March 2024 was £nil (31 December 2022: £nil).

DIRECTORS

The directors who have held office during the period from 1 January 2023 to the date of this report are as follows:

M Granlund - resigned 1 November 2023

H P Havdal - resigned 12 April 2023

B A Strömberg - appointed 18 April 2023 - resigned 1 November 2023

R Srikantan - appointed 1 November 2023

GOING CONCERN

The company ceased trading as of 31 March 2024 and the director intends to close the company and therefore does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Accordingly the financial statements have been prepared on a basis other than going concern.

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STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable United Kingdom 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 company's financial statements in accordance with UK accounting standards and applicable law (UK Generally Accepted Accounting Practice), including The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102").

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 these financial statements the directors are required to:

- select suitable accounting policies in accordance with section 10 of FRS 102 then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

- provide additional disclosures when compliance with the specific requirements in FRS 102 is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the Company's financial position and financial performance;

- in respect of the Company's financial statements, state whether applicable UK accounting standards, including FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is appropriate to presume that the company will not 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 company's 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.

Under applicable law and regulations, the directors are also responsible for preparing a strategic report, directors' report that comply with that law and those regulations. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

DIRECTORS INDEMNITIES

The Company has granted the directors with qualifying third-party indemnity provisions within the meaning given to the term by section 234 and 235 of the Companies Act 2006. This is in respect of liabilities to which they may become liable in their capacity as director of the Company. Such indemnities were in force until 1 November 2023.

SIGNED BY ORDER OF THE DIRECTOR:

R Srikantan - Director

15 December 2025

Opinion

We have audited the financial statements of ASM Engineering PVT Ltd (the 'company') for the period ended 31 March 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its loss for the period 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 Auditors' 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.

Emphasis of matter

We draw attention to Note 2 to the financial statements which explains that the company has ceased trading and the director intends to close the company and therefore does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2.

Our opinion is not modified in respect of this matter.

Other information

The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Auditors' Report thereon.

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 Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Director has been prepared in accordance with applicable legal requirements.

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 Report of the Director.

We have nothing to report in respect of the following matters where 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 and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the director was not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is 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 director determines 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 director is 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' 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 Auditors' 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:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. We determined that the most significant are the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", Employment Law and Health and Safety regulations and relevant Tax legislation.

- We have made inquiries of management and those charged with governance of any known instances of non-compliance or suspected non-compliance with laws and regulations. We corroborated our inquiries through review of regulatory correspondence and professional fees.

- We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur by inquiring with management and performing a walkthrough of the financial statement close process. We understood the programmes and controls that the company has established to address risks identified or that otherwise prevent, deter and detect fraud, and how senior management monitors those programmes and controls. Where the risk was considered to be higher in respect of management override, including in respect of revenue recognised, we performed audit procedures to address the identified fraud risk. These procedures included testing adjustments to revenue arising other than through routine invoicing with the company's customers and which were not trivial in nature, where we obtained evidence to support the validity of the transactions. Further, we performed overall analytical procedures on the position both for the financial period and at the end of the financial period to assess the fairness of the overall financial position and also performed period end cut off procedures. Our procedures were designed to provide reasonable assurance that the financial statements were free from material misstatements arising from fraud.

- Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our procedures involved journal entry testing, with a focus on journals indicating large or unusual transaction based on our understanding and enquiries of management and those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

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

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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 we are required to state to them in a Report of the Auditors 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.

Nicola Fox (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited, Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

15 December 2025

TURNOVER

3

1,011,526

1,117,828

Cost of sales

790,527

843,879

GROSS PROFIT

220,999

273,949

Administrative expenses

172,853

171,503

OPERATING PROFIT

5

48,146

102,446

Group loan waiver

6

227,599

-

(179,453

)

102,446

Interest receivable and similar income

7

7,267

457

(172,186

)

102,903

Interest payable and similar expenses

8

-

179

(LOSS)/PROFIT BEFORE TAXATION

(172,186

)

102,724

Tax on (loss)/profit

9

13,279

17,911

(LOSS)/PROFIT FOR THE FINANCIAL PERIOD

(185,465

)

84,813

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

(185,465

)

84,813

FIXED ASSETS

Tangible assets

10

-

-

Investments

11

1

1

1

1

CURRENT ASSETS

Debtors

12

4,777

228,354

Cash at bank

50,904

103,469

55,681

331,823

CREDITORS

Amounts falling due within one year

13

40,682

131,359

NET CURRENT ASSETS

14,999

200,464

TOTAL ASSETS LESS CURRENT LIABILITIES

15,000

200,465

CAPITAL AND RESERVES

Called up share capital

14

15,000

15,000

Retained earnings

15

-

185,465

SHAREHOLDERS' FUNDS

15,000

200,465

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

R Srikantan - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2022

15,000

100,652

115,652

Changes in equity

Total comprehensive income

-

84,813

84,813

Balance at 31 December 2022

15,000

185,465

200,465

Changes in equity

Total comprehensive income

-

(185,465

)

(185,465

)

Balance at 31 March 2024

15,000

-

15,000

1.	STATUTORY INFORMATION

ASM Engineering PVT Ltd (formerly Semcon Engineering UK Limited) is a private company, limited by shares, registered in England. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounting reference date was changed from 31 December to 31 March in order to align with the Group accounting reference date. These accounts include the results for the 15 month period from 1 January 2023 to 31 March 2024. For this reason, comparative amounts for the year to 31 December 2022 are not entirely comparable to results for the long period.

Going Concern

The company ceased trading as of 31 March 2024 and the director intends to close the company and therefore does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirement of paragraph 33.7.

Preparation of consolidated financial statements

The financial statements contain information about ASM Engineering PVT Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 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, ASM Technologies Ltd, Lusanne Court, 80/2, Richmond Road, Richmond Town, Bengaluru, Kanataka, 560025, India.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover

Turnover represents amounts derived from the provision of services which fall within the company's ordinary activities after deduction of value added tax. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of service provided to date. The turnover and pre-tax profit is attributable to the principal activity of the company.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Current taxation, including UK Corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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 the statement of comprehensive income in the period to which they relate.

Financial instruments

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

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 statement of financial position. Finance costs and gains or losses relating to financial liabilities are included in the statement of comprehensive income. 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.

3.

TURNOVER

The turnover and loss (2022 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Rendering of services

1,011,526

1,117,828

1,011,526

1,117,828

An analysis of turnover by geographical market is given below:

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

United Kingdom

888,067

978,880

Europe

123,459

138,948

1,011,526

1,117,828

4.	EMPLOYEES AND DIRECTORS

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Wages and salaries

638,009

647,755

Social security costs

73,242

68,964

Other pension costs

27,744

24,122

738,995

740,841

The average number of employees during the period was as follows:

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

Productive

12

13

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Directors' remuneration

-

-

The directors are remunerated by other group companies in both the current period and prior year, and their services to the company are insignificant.

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Auditors' remuneration

-

9,836

Auditors' remuneration for non audit work

3,388

-

Foreign exchange differences

(1,937

)

2,098

6.	EXCEPTIONAL ITEMS

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Group loan waiver

(227,599

)

-

7.

INTEREST RECEIVABLE AND SIMILAR INCOME

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Deposit account interest

2,296

-

Group interest receivable

4,713

457

Other interest receivable

258

-

7,267

457

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Corporation tax interest

-

179

9.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the period was as follows:

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

Current tax:

UK corporation tax

13,279

17,911

Tax on (loss)/profit

13,279

17,911

UK corporation tax has been charged at 25% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1/1/23

to

Year Ended

31/3/24

31/12/22

£

£

(Loss)/profit before tax

(172,186

)

102,724

(Loss)/profit multiplied by the standard rate of corporation tax in the UK of 25% (2022 - 19%)

(43,047

)

19,518

Effects of:

Expenses not deductible for tax purposes

56,987

71

Group Relief

-

(1,678

)

Change in tax rates

(661

)

-

Total tax charge

13,279

17,911

The rate used for closing deferred tax balances is 25% (2022: 25%). There is no closing provided or unprovided deferred tax (2022: nil).

Finance Act 2021 increased corporation tax to 25%. This change was substantively enacted on 24 May 2021 and came into effect from 1 April 2023.

The Group relief is surrendered without charge.

10.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

2,781

Disposals

(2,781

)

At 31 March 2024

-

NET BOOK VALUE

At 31 March 2024

-

11.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2023

and 31 March 2024

1

NET BOOK VALUE

At 31 March 2024

1

At 31 December 2022

1

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

ASM Digital Engineering PVT LTd (formerly Semcon UK Limited)

Registered office: Enterprise Centre, Coventry University Technology Park, Coventry, England, CV1 2TT

Nature of business: Provision of consulting services

%

Class of shares:

holding

Ordinary

100.00

2024

2022

£

£

Aggregate capital and reserves

67,793

(171,543

)

Profit/(loss) for the period/year

239,336

(9,149

)

12.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Trade debtors

-

11,778

Amounts owed by group undertakings

4,777

170,033

Amounts recoverable on

contracts

-

5,443

Other debtors

-

27,234

Prepayments and accrued income

-

13,866

4,777

228,354

13.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Trade creditors

290

11,996

Amounts owed to group undertakings

17,200

11,276

Corporation tax

13,022

17,911

Social security and other taxes

-

15,967

VAT

9,643

40,219

Other creditors

-

6,009

Accruals and deferred income

527

27,981

40,682

131,359

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2022

value:

£

£

1,500

Ordinary

£10

15,000

15,000

15.

RESERVES

Retained

earnings

£

At 1 January 2023

185,465

Deficit for the period

(185,465

)

At 31 March 2024

-

16.	ULTIMATE PARENT COMPANY

The Company's immediate and ultimate parent and controlling company is ASM Technologies Limited, a public limited company registered in India, this being the smallest and largest group into which this company is consolidated. A copy of the parent company financial statements, which are prepared in accordance with the Companies Act 2013 and Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules 2015 as amended, are available from the company's registered office at 80/2 Lusanne Court, Richmond Road, Bangalore, KA 560 025, India.

17.	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 wholly owned subsidiaries within the group.