Company No: 09903462 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	J G M Mangeot (Resigned 25 November 2025)
	C C Naillot (Appointed 26 November 2025)
	J Souissi (Resigned 26 November 2025)
	A Warren (Appointed 26 November 2025)

REGISTERED OFFICE	East Wing Focus 31
	Mark Road
	Hemel Hempstead
	HP2 7BW
	United Kingdom

COMPANY NUMBER

09903462 (England and Wales)

AUDITOR	Dixon Wilson Audit Services LLP
	Statutory Auditor
	22 Chancery Lane
	London
	WC2A 1LS

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Intangible assets	3	174		2,537
Tangible assets	4	2,391		4,342
		2,565		6,879
Current assets
Debtors	5	510,434		235,803
Cash at bank and in hand		231,000		156,171
		741,434		391,974
Creditors: amounts falling due within one year	6	( 1,108,002)		( 839,126)
Net current liabilities		(366,568)		(447,152)
Total assets less current liabilities		(364,003)		(440,273)
Net liabilities		( 364,003)		( 440,273)
Capital and reserves
Called-up share capital		10,000		10,000
Profit and loss account		( 374,003 )		( 450,273 )
Total shareholder's deficit		( 364,003)		( 440,273)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Acrelec International Development Limited (registered number: 09903462) were approved and authorised for issue by the Board of Directors on 29 December 2025. They were signed on its behalf by:

C C Naillot Director

1. Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

General information and basis of accounting

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:

East Wing Focus 31
Mark Road
Hemel Hempstead
United Kingdom
HP2 7BW

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - '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 financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have resolved to wind down the operations of the Company and intend to commence the process of dissolution prior to the next financial year end of 31 March 2026. At the date of approving these financial statements, no formal dissolution date has been determined, however the directors consider that the Company will not continue trading for the foreseeable future. As a result, these financial statements have been prepared on a basis other than a going concern.

Foreign currency

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax.

The company recognises revenue in the period in which services are provided.

Taxation

Current tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets represent software development stated at cost less accumulated amortisation. Development costs are capitalised on the basis that future economic benefits are expected to flow to the entity. Intangible assets are subject to annual impairment review.

Amortisation is charged so as to write off the cost of intangible assets over their estimated useful lives.

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Office equipment

3 years straight line

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. Employees

	Year ended 31.03.2025		Period from 01.01.2023 to 31.03.2024
	Number		Number
Average number of persons employed by the Company during the period, including directors	5		6

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	638,607		638,607
At 31 March 2025	638,607		638,607
Accumulated amortisation
At 01 April 2024	636,070		636,070
Charge for the financial year	2,363		2,363
At 31 March 2025	638,433		638,433
Net book value
At 31 March 2025	174		174
At 31 March 2024	2,537		2,537

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 April 2024	16,278		16,278
Additions	1,749		1,749
At 31 March 2025	18,027		18,027
Accumulated depreciation
At 01 April 2024	11,936		11,936
Charge for the financial year	3,700		3,700
At 31 March 2025	15,636		15,636
Net book value
At 31 March 2025	2,391		2,391
At 31 March 2024	4,342		4,342

5. Debtors

	31.03.2025		31.03.2024
	£		£
Amounts owed by group undertakings	455,899		30,658
Other debtors	54,535		205,145
	510,434		235,803

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	64,753		57,873
Amounts owed to group undertakings	900,811		560,383
Other taxation and social security	8,525		73,702
Other creditors	133,913		147,168
	1,108,002		839,126

7. Events after the Balance Sheet date

After the balance sheet date, the directors resolved to wind down the Company and commence steps towards its dissolution. At the date of approving these financial statements, no formal dissolution date has been set, however the directors intend to complete the process prior to 31 March 2026. This represents a non-adjusting event after the reporting period.

8. Related party transactions

Summary of transactions with directors

The directors of the company have provided an interest free loan to the company, which is repayable on demand. At the balance date the amount due to the directors was £4,188 (2023 - £4,188).

9. Audit Opinion

The audit report was unqualified, however in their report, the auditors emphasised the following matter:

We draw attention to note 1 in the financial statements, which indicates that the financial statements have been prepared on a basis other than that of a going concern. Our opinion is not modified in respect of this matter.

The audit report was signed by Steven Wakefield as a senior statutory auditor on behalf of Dixon Wilson Audit Services LLP, Statutory Auditor.

10. Ultimate controlling party

The company's immediate parent is Aksor SAS, incorporated in France and these financial statements are included in the group accounts of this company.

The group accounts of Aksor SAS can be obtained at the following address:

Acrelec Group
Zone D Amenagement Concerte De L Esp
3 Rue Louis de Broglie
St Thibault des Vignes
77400 Saint Thibault des Vignes
France