REGISTERED NUMBER: 09421025 (England and Wales)

AARON HV SYSTEMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Ferguson

SECRETARY:

D Ferguson

REGISTERED OFFICE:

Unit 4a Pepper Road

Hazel Grove

Stockport

SK7 5BW

REGISTERED NUMBER:

09421025 (England and Wales)

AUDITORS:

Rushtons

Chartered Accountants

Statutory Auditors

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

FIXED ASSETS

Tangible assets

4

186,921

124,544

CURRENT ASSETS

Debtors

5

1,198,419

325,626

Cash at bank

581,404

47,752

1,779,823

373,378

CREDITORS

Amounts falling due within one year

6

1,577,364

241,252

NET CURRENT ASSETS

202,459

132,126

TOTAL ASSETS LESS CURRENT LIABILITIES

389,380

256,670

CREDITORS

Amounts falling due after more than one year

7

(150,159

)

(191,505

)

PROVISIONS FOR LIABILITIES

(22,590

)

(5,455

)

NET ASSETS

216,631

59,710

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

216,629

59,708

216,631

59,710

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

D Ferguson - Director

1.	STATUTORY INFORMATION

Aaron HV Systems 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption

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.

Significant judgements and estimates

In the preparation of the financial statements, the directors have made judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenses during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis.

In the process of applying the groups accounting policies a critical accounting judgement has been made to recognise long term contract income. At each balance sheet date, management undertake a review of the long term contract work completion and estimate the values that should be accrued and deferred. The calculation is based upon the percentage of completion method.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of long-term contracts turnover represents the value of the work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on cost

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation.

Financial instruments

Basic financial instruments include cash, trade receivables, trade payables, loans receivable and payable. These are initially recognized at transaction price and subsequently measured at amortized cost using the effective interest method, less provision for impairment where applicable.

Financial Assets

Financial assets, including trade and other receivables and cash at bank, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any provision for impairment.

Financial Liabilities

Financial liabilities, including trade payables, other creditors, and borrowings, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method.

Loans and Borrowings

Loans and other borrowings, including both short-term and long-term debt, are measured at amortised cost using the effective interest method. Interest expense is recognised in profit or loss on an accruals basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

4,783

125,276

5,697

135,756

Additions

847

90,495

10,160

101,502

At 31 March 2025

5,630

215,771

15,857

237,258

DEPRECIATION

At 1 April 2024

291

10,440

481

11,212

Charge for year

777

36,541

1,807

39,125

At 31 March 2025

1,068

46,981

2,288

50,337

NET BOOK VALUE

At 31 March 2025

4,562

168,790

13,569

186,921

At 31 March 2024

4,492

114,836

5,216

124,544

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

125,276

Additions

90,495

At 31 March 2025

215,771

DEPRECIATION

At 1 April 2024

10,440

Charge for year

36,541

At 31 March 2025

46,981

NET BOOK VALUE

At 31 March 2025

168,790

At 31 March 2024

114,836

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

223,574

159,940

Other debtors

343,726

165,686

567,300

325,626

Amounts falling due after more than one year:

Amounts owed by group undertakings

631,119

-

Aggregate amounts

1,198,419

325,626

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,737

23,072

Hire purchase contracts

32,441

14,817

Trade creditors

105,148

57,958

Social security and other taxes

3,276

(326

)

VAT

-

2,190

Other creditors

2,547

3,590

Directors' current accounts

-

5,361

Accruals and deferred income

1,420,215

134,590

1,577,364

241,252

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

120,561

95,715

Amounts owed to group undertakings

29,598

95,790

150,159

191,505

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

153,002

110,532

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

The Report of the Auditors was unqualified.

Adam Calvert FCA (Senior Statutory Auditor)

for and on behalf of Rushtons

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D Ferguson

Balance outstanding at start of year

(5,361

)

(116,250

)

Amounts advanced

323,312

210,174

Amounts repaid

(310,738

)

(99,285

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,213

(5,361

)

11.	RELATED PARTY DISCLOSURES

Aaron Engineering Group Limited is the ultimate parent company of Aaron Access Limited, Aaron Rail Limited, Aaron HV Systems Limited & Aaron Pay Limited.

During the year, Aaron Engineering Group Limited surrendered trading losses of £142,525 (2024: £94,058) to the company under group relief. At the year end the company is owed £Nil from Aaron Engineering Group Limited (2024: £25,000 was owed by the company to Aaron Aaron Engineering Group Limited).

At the year end the company is owed £169,594 (2024: £127,019) from Rickerby Retreat Limited. Daniel Ferguson, director, is also a majority shareholder of Rickerby Retreat Limited.

At the year end the company is owed £631,119 from Aaron Rail Limited (2024: £70,790 was owed by the company to Aaron Rail).

At the year end the company owed £4,598 (2024: £nil) to Aaron Access Limited.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of Aaron HV Systems Limited are D Ferguson and N Eastwood by way of their shareholding in the parent company, Aaron Engineering Group Limited, a company registered in the United Kingdom.

The smallest and largest group in which the company's results are consolidated is that headed by Aaron Engineering Group Limited. Group consolidated financial statements are made available to the public and can be obtained from The Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.