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Company registration number:
07288179
Acorel UK Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2025
Acorel UK Limited
Statement of Financial Position
31 December 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 5 | 264,168 |  | - |
Tangible assets | 6 | 4,280 |  | 44 |
|  | 268,448 |  | 44 |
Current assets |  |  |  |  |
Stocks |  | 16,841 |  | 7,502 |
Debtors | 7 | 1,133,638 |  | 516,752 |
Cash at bank and in hand |  | 227,039 |  | 235,544 |
|  | 1,377,518 |  | 759,798 |
Creditors: amounts falling due within one year | 8 | (622,454 | ) | (211,665 | )
Net current assets |  | 755,064 |  | 548,133 |
Total assets less current liabilities |  | 1,023,512 |  | 548,177 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 1,023,412 |  | 548,077 |
Shareholders funds |  | 1,023,512 |  | 548,177 |

For the year ending
31 December 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
28 January 2026
, and are signed on behalf of the board by:

Mr Romain Grand
Director

Company registration number:
07288179
Acorel UK Limited
Notes to the Financial Statements
Year ended
31 December 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
98 Lancaster Road
,
Newcastle-Under-Lyme
,
Staffordshire
,
ST5 1DS
, United Kingdom.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Development costs | Over the term of the contract

## Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when It is technically feasible to complete the intangible asset so that it will be available for use or sale; there is the intention to complete the intangible asset and use or sell it; there is the ability to use or sell the intangible asset; the use or sale of the intangible asset will generate probable future economic benefits; there are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and the expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures and fittings | 33.3% straight line
Motor vehicles | 25% straight line

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

## 4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

## 5 Intangible assets

| Other intangible assets
--- | ---
| £
Cost |  |
At 1 January 2025 | - |
Additions | 363,974 |
At 31 December 2025 | 363,974 |
Amortisation |  |
At 1 January 2025 | - |
Charge | 99,806 |
At 31 December 2025 | 99,806 |
Carrying amount |  |
At 31 December 2025 | 264,168 |
At 31 December 2024 | - |

## 6 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 January 2025 | 12,009 |
Additions | 5,214 |
At 31 December 2025 | 17,223 |
Depreciation |  |
At 1 January 2025 | 11,965 |
Charge | 978 |
At 31 December 2025 | 12,943 |
Carrying amount |  |
At 31 December 2025 | 4,280 |
At 31 December 2024 | 44 |

## 7 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 1,035,647 |  | 316,939 |
Other debtors | 97,991 |  | 199,813 |
| 1,133,638 |  | 516,752 |

## 8 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 29,687 |  | 6,858 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 285,597 |  | 84,083 |
Taxation and social security | 293,681 |  | 107,807 |
Other creditors | 13,489 |  | 12,917 |
| 622,454 |  | 211,665 |

## 9 Operating leases

The company as lessee |  |  |  |
| 2025 | 2024
--- | --- | ---
| £ | £
Not later than 1 year | 8,516 |  | 1,890 |
Later than 1 year and not later than 5 years | 14,908 |  | - |
| 23,424 |  | 1,890 |

## 10 Related party transactions

PMD-GC SAS is considered to be a related party of Acorel UK Limited by virtue of being the ultimate parent undertaking.
PMD-GC SAS has provided loans to Acorel UK Limited, interest was charged on the loan of £Nil (2024: £Nil) the company made loan repayments during the year in the sum of £18,063 (2024: £12,012).
PMD-GC SAS charged a management charge of £40,892 (2024: £18,963) to Acorel UK Limited during the year.
At the balance sheet date the company owed PMD-GC SAS £40,892 (2024: £18,963).
Acorel SAS is considered to be a related party by virtue of being under common control.
During the year Acorel UK Limited made sales totalling £Nil (2024: £Nil) to Acorel SAS.
Acorel UK Limited made purchases of goods and services during the year totalling £758,774 (2024: £276,236) from Acorel SAS.
At the balance sheet date the company owed Acorel SAS £244,705 (2024: £65,120).

## 11 Controlling party

The company is a wholly owned subsidiary of PMD-GC SAS, registered in France. The registered office address of PMD-GC SAS is 1 Rue Paul Langevin, 07130 Saint Peray, France.