REGISTERED NUMBER: 05244032 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

FOR

SIEMSATEC LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

19,486

41,333

CURRENT ASSETS

Stocks

6

70,010

54,363

Debtors

7

977,730

847,117

Cash at bank and in hand

1,095,685

939,394

2,143,425

1,840,874

CREDITORS

Amounts falling due within one year

8

819,019

802,965

NET CURRENT ASSETS

1,324,406

1,037,909

TOTAL ASSETS LESS CURRENT LIABILITIES

1,343,892

1,079,242

CREDITORS

Amounts falling due after more than one year

9

(13,198

)

(31,537

)

PROVISIONS FOR LIABILITIES

11

(4,872

)

-

NET ASSETS

1,325,822

1,047,705

CAPITAL AND RESERVES

Called up share capital

12

1

1

Retained earnings

1,325,821

1,047,704

SHAREHOLDERS' FUNDS

1,325,822

1,047,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr N J Chinnery - Director

1.	STATUTORY INFORMATION

Siemsatec Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05244032

Registered office:

137 - 139 High Street

Beckenham

Kent

BR3 1AG

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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

-

33% on cost and 20% on cost

Equipment

-

50% on cost and 33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

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 banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured 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 transaction price less any impairment.

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, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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 the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, 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 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 balance sheet and measured as detailed above.

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.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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

Finance lease commitments are secured against their respective assets.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

Equipment

Totals

£

£

£

COST

At 1 April 2024

78,925

22,336

101,261

Additions

82

6,948

7,030

Disposals

(240

)

(3,433

)

(3,673

)

At 31 March 2025

78,767

25,851

104,618

DEPRECIATION

At 1 April 2024

45,559

14,369

59,928

Charge for year

23,038

4,622

27,660

Eliminated on disposal

(240

)

(2,216

)

(2,456

)

At 31 March 2025

68,357

16,775

85,132

NET BOOK VALUE

At 31 March 2025

10,410

9,076

19,486

At 31 March 2024

33,366

7,967

41,333

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

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

67,478

DEPRECIATION

At 1 April 2024

33,873

Charge for year

22,493

At 31 March 2025

56,366

NET BOOK VALUE

At 31 March 2025

11,112

At 31 March 2024

33,605

6.

STOCKS

2025

2024

£

£

Stocks

70,010

54,363

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

860,693

732,441

Provision for doubtful debts

(3,647

)

(3,646

)

Amounts receivable on contracts

82,610

43,762

Other debtors

2,225

1,755

Deferred tax asset

-

22,600

Prepayments and accrued income

35,849

50,205

977,730

847,117

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 10)

8,142

7,351

Trade creditors

187,797

232,291

Corporation tax

78,304

-

PAYE and social security

6,820

1,900

VAT

71,616

54,418

Other creditors

15,474

3,988

Director's current account

6,091

6,091

Accruals and deferred income

434,775

486,926

819,019

802,965

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - more than 1 yr

2,211

12,408

Hire purchase contracts (see note 10)

10,987

19,129

13,198

31,537

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

8,142

7,351

Between one and five years

10,987

19,129

19,129

26,480

Non-cancellable

operating leases

2025

2024

£

£

Within one year

31,350

31,350

11.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

Accelerated capital allowances

4,872

Deferred

tax

£

Balance at 1 April 2024

(22,600

)

Provided during year

27,472

Accelerated capital allowances

Tax losses

Balance at 31 March 2025

4,872

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

80

Ordinary 'A'

£0.01

1

1

10

Ordinary 'B'

£0.01

-

-

10

Ordinary 'C'

£0.01

-

-

1

1