IRIS Accounts Production v25.4.12.37 03754054 Board of Directors 1.7.24 30.6.25 30.6.25 5.3.26 false true false false true false Auditors Opinion Ordinary A 1.00000 Ordinary S 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03754054 2024-06-30 03754054 2025-06-30 03754054 2024-07-01 2025-06-30 03754054 2023-06-30 03754054 2023-07-01 2024-06-30 03754054 2024-06-30 03754054 ns15:EnglandWales 2024-07-01 2025-06-30 03754054 ns14:PoundSterling 2024-07-01 2025-06-30 03754054 ns10:Director1 2024-07-01 2025-06-30 03754054 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 03754054 ns10:SmallEntities 2024-07-01 2025-06-30 03754054 ns10:Audited 2024-07-01 2025-06-30 03754054 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 03754054 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 03754054 ns10:FullAccounts 2024-07-01 2025-06-30 03754054 ns10:EntityNoLongerTradingButTradedInPast 2024-07-01 2025-06-30 03754054 ns10:OrdinaryShareClass1 2024-07-01 2025-06-30 03754054 ns10:OrdinaryShareClass2 2024-07-01 2025-06-30 03754054 ns10:Director2 2024-07-01 2025-06-30 03754054 ns10:Director3 2024-07-01 2025-06-30 03754054 ns10:Director4 2024-07-01 2025-06-30 03754054 ns10:RegisteredOffice 2024-07-01 2025-06-30 03754054 ns5:CurrentFinancialInstruments 2025-06-30 03754054 ns5:CurrentFinancialInstruments 2024-06-30 03754054 ns5:Non-currentFinancialInstruments 2025-06-30 03754054 ns5:Non-currentFinancialInstruments 2024-06-30 03754054 ns5:ShareCapital 2025-06-30 03754054 ns5:ShareCapital 2024-06-30 03754054 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 03754054 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 03754054 ns5:LeaseholdImprovements 2024-07-01 2025-06-30 03754054 ns5:PlantMachinery 2024-07-01 2025-06-30 03754054 ns5:MotorVehicles 2024-07-01 2025-06-30 03754054 ns5:ComputerEquipment 2024-07-01 2025-06-30 03754054 ns5:LeaseholdImprovements 2024-06-30 03754054 ns5:PlantMachinery 2024-06-30 03754054 ns5:MotorVehicles 2024-06-30 03754054 ns5:ComputerEquipment 2024-06-30 03754054 ns5:LeaseholdImprovements 2025-06-30 03754054 ns5:PlantMachinery 2025-06-30 03754054 ns5:MotorVehicles 2025-06-30 03754054 ns5:ComputerEquipment 2025-06-30 03754054 ns5:LeaseholdImprovements 2024-06-30 03754054 ns5:PlantMachinery 2024-06-30 03754054 ns5:MotorVehicles 2024-06-30 03754054 ns5:ComputerEquipment 2024-06-30 03754054 ns5:LeaseholdImprovements ns5:LeasedAssetsHeldAsLessee 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee 2024-06-30 03754054 ns5:LeaseholdImprovements ns5:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-07-01 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-07-01 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2024-07-01 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 03754054 ns5:LeaseholdImprovements ns5:LeasedAssetsHeldAsLessee 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2025-06-30 03754054 ns5:LeasedAssetsHeldAsLessee 2025-06-30 03754054 ns5:LeaseholdImprovements ns5:LeasedAssetsHeldAsLessee 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2024-06-30 03754054 ns5:LeasedAssetsHeldAsLessee 2024-06-30 03754054 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 03754054 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 03754054 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-06-30 03754054 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-06-30 03754054 ns10:OrdinaryShareClass1 2025-06-30 03754054 ns10:OrdinaryShareClass2 2025-06-30 03754054 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 03754054 ns5:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30

REGISTERED NUMBER: 03754054 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

Hymec Aerospace (UK) Limited

Hymec Aerospace (UK) Limited (Registered number: 03754054)

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Hymec Aerospace (UK) Limited

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | F K Williams

| Mrs A Popplestone

| A N Cackett

| J S G Wilson-Hill

| REGISTERED OFFICE: | 191 Plymbridge Road

| Estover

| Plymouth

| Devon

| PL6 7JS

| REGISTERED NUMBER: | 03754054 (England and Wales)

| AUDITORS: | Thornton Springer LLP

| Chartered Accountants and

| Statutory Auditor

| 67 Westow Street

| London

| SE19 3RW

Hymec Aerospace (UK) Limited (Registered number: 03754054)

Balance Sheet

30 June 2025

| 30.6.25 |  | 30.6.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 6,078,889 |  | 4,959,604 |  |

CURRENT ASSETS

Stocks | 1,295,299 |  | 1,438,106 |  |

Debtors | 6 | 3,470,341 |  | 3,465,125 |  |

Cash at bank and in hand | 158,312 |  | 20,815 |  |

4,923,952 |  | 4,924,046 |  |

CREDITORS

Amounts falling due within one year | 7 | (3,120,869 | ) | (3,533,017 | ) |

NET CURRENT ASSETS | 1,803,083 |  | 1,391,029 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,881,972 |  | 6,350,633 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,932,062 | ) | (2,297,176 | ) |

PROVISIONS FOR LIABILITIES | (193,090 | ) | - |  |

NET ASSETS | 4,756,820 |  | 4,053,457 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1,030,000 |  | 1,030,000 |  |

Retained earnings | 11 | 3,726,820 |  | 3,023,457 |  |

SHAREHOLDERS' FUNDS | 4,756,820 |  | 4,053,457 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2026 and were signed on its behalf by:

F K Williams - Director

Hymec Aerospace (UK) Limited (Registered number: 03754054)

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Hymec Aerospace (UK) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the recognition of certain financial assets and liabilities measured at fair value.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenue and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

| Depreciation of tangible fixed assets

| Depreciation is provided so as to write down the assets to their residual values over their estimated useful lives. The selection of these residual values and estimated lives requires the exercise of management judgement.

| 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.

| Improvements to property | - | over the period of the lease

| Plant and machinery | - | Reducing balance over 16 years

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 20% on cost

| Stocks

| Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out method.

| Taxation

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

Hymec Aerospace (UK) Limited (Registered number: 03754054)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | ACCOUNTING POLICIES - continued

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - NIL ) .

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 417,659 |  | 8,319,615 |  | 312,069 |  | 123,823 |  | 9,173,166 |  |

| Additions | 155,727 |  | 1,846,599 |  | - |  | 1,970 |  | 2,004,296 |  |

| Disposals | - |  | - |  | (82,970 | ) | - |  | (82,970 | ) |

| At 30 June 2025 | 573,386 |  | 10,166,214 |  | 229,099 |  | 125,793 |  | 11,094,492 |  |

| DEPRECIATION

| At 1 July 2024 | 191,738 |  | 3,860,650 |  | 80,161 |  | 81,013 |  | 4,213,562 |  |

| Charge for year | 31,319 |  | 736,842 |  | 53,979 |  | 10,907 |  | 833,047 |  |

| Eliminated on disposal | - |  | - |  | (31,006 | ) | - |  | (31,006 | ) |

| At 30 June 2025 | 223,057 |  | 4,597,492 |  | 103,134 |  | 91,920 |  | 5,015,603 |  |

| NET BOOK VALUE

| At 30 June 2025 | 350,329 |  | 5,568,722 |  | 125,965 |  | 33,873 |  | 6,078,889 |  |

| At 30 June 2024 | 225,921 |  | 4,458,965 |  | 231,908 |  | 42,810 |  | 4,959,604 |  |

Hymec Aerospace (UK) Limited (Registered number: 03754054)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | TANGIBLE FIXED ASSETS - continued

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

| Improvements |

| to |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 July 2024 | 109,635 |  | 4,759,406 |  | 312,069 |  | 26,859 |  | 5,207,969 |  |

| Additions | 138,000 |  | 1,792,500 |  | - |  | - |  | 1,930,500 |  |

| Disposals | - |  | - |  | (82,970 | ) | - |  | (82,970 | ) |

| Transfer to ownership | - |  | (1,059,635 | ) | - |  | - |  | (1,059,635 | ) |

| At 30 June 2025 | 247,635 |  | 5,492,271 |  | 229,099 |  | 26,859 |  | 5,995,864 |  |

| DEPRECIATION

| At 1 July 2024 | 37,115 |  | 1,368,790 |  | 80,160 |  | 3,357 |  | 1,489,422 |  |

| Charge for year | 11,883 |  | 578,792 |  | 53,979 |  | 5,875 |  | 650,529 |  |

| Eliminated on disposal | - |  | - |  | (31,006 | ) | - |  | (31,006 | ) |

| Transfer to ownership | - |  | (549,171 | ) | - |  | - |  | (549,171 | ) |

| At 30 June 2025 | 48,998 |  | 1,398,411 |  | 103,133 |  | 9,232 |  | 1,559,774 |  |

| NET BOOK VALUE

| At 30 June 2025 | 198,637 |  | 4,093,860 |  | 125,966 |  | 17,627 |  | 4,436,090 |  |

| At 30 June 2024 | 72,520 |  | 3,390,616 |  | 231,909 |  | 23,502 |  | 3,718,547 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 2,177,390 |  | 2,429,347 |  |

| Other debtors | 5,209 |  | 3,402 |  |

| Amount owed by related entities | 1,015,149 |  | 996,613 |  |

| Tax | 249,367 |  | - |  |

| Prepayments and accrued income | 23,226 |  | 35,763 |  |

3,470,341 |  | 3,465,125 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 10,863 |  | 10,648 |  |

| Hire purchase contracts | 1,234,490 |  | 864,950 |  |

| Trade creditors | 518,259 |  | 782,977 |  |

| Amounts owed to group undertakings | 1,000 |  | 1,000 |  |

| Social security and other taxes | 67,480 |  | - |  |

| VAT | 68,912 |  | 62,547 |  |

| Other creditors | 1,000,299 |  | 1,585,539 |  |

| Directors' current accounts | 596 |  | 596 |  |

| Accruals and deferred income | 218,970 |  | 224,760 |  |

3,120,869 |  | 3,533,017 |  |

Hymec Aerospace (UK) Limited (Registered number: 03754054)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans - 2-5 years | 3,267 |  | 13,415 |  |

| Hire purchase contracts | 2,928,795 |  | 2,283,761 |  |

2,932,062 |  | 2,297,176 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Hire purchase contracts | 4,163,285 |  | 3,148,711 |  |

| The confidential invoice discounting creditor included within other creditors totalling £971,410 (£1,580,895 - 2024) is secured on the individual trade debtors to which it relates.

| Amounts owing on hire purchase contracts are secured on the individual assets to which they relate.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 30,000 | Ordinary A | £1 | 30,000 |  | 30,000 |  |

| 1,000,000 | Ordinary S | £1 | 1,000,000 |  | 1,000,000 |  |

1,030,000 |  | 1,030,000 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | 3,023,457 |  |

| Profit for the year | 703,363 |  |

| At 30 June 2025 | 3,726,820 |  |

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

| The Report of the Auditors was unqualified.

| Zahid Saleem FCCA ACA MBA (Senior Statutory Auditor)

| for and on behalf of Thornton Springer LLP

Hymec Aerospace (UK) Limited (Registered number: 03754054)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

13. | 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.

| The company had sales of £318,125 (2024: £15,590) and purchases of £842,553 (2024: £1,282,392) during the year with companies under common control. Amounts owed from companies under common control were £1,204,155 (2024: £998,704) and owed to were £3,984 (2024: 309,114).

14. | ULTIMATE CONTROLLING PARTY

| The parent company during the financial year is Hymec Investments Limited, a company incorporated in England and Wales.

| The ultimate parent company is Hymec Investments Holdings Limited, a company incorporated in England and Wales.

| Mr. F Williams and Mr. P Doran are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.