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COMPANY REGISTRATION NUMBER: 02696617

AUTOMATED WIRE BENDING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 June 2025

AUTOMATED WIRE BENDING LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 391,461 | 472,510

Current assets

Stocks | 420,082 |  | 476,300
Debtors | 6 | 1,431,021 |  | 1,388,419
Cash at bank and in hand | 443 |  | 443
| ------------ |  | ------------
| 1,851,546 |  | 1,865,162

Creditors: amounts falling due within one year | 7 | 1,009,050 |  | 1,148,621
| ------------ |  | ------------
Net current assets |  | 842,496 | 716,541
|  | ------------ | ------------
Total assets less current liabilities |  | 1,233,957 | 1,189,051

Creditors: amounts falling due after more than one year | 8 |  | – | 51,902

Provisions

Taxation including deferred tax |  | 78,333 | 100,173
|  | ------------ | ------------
Net assets |  | 1,155,624 | 1,036,976
|  | ------------ | ------------

AUTOMATED WIRE BENDING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 35 | 35
Capital redemption reserve |  | 65 | 65
Profit and loss account |  | 1,155,524 | 1,036,876
|  | ------------ | ------------
Shareholders funds |  | 1,155,624 | 1,036,976
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 March 2026 , and are signed on behalf of the board by:

S Perna |
Director |

Company registration number: 02696617

AUTOMATED WIRE BENDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Commerce Road, Lynch Wood, Peterborough, PE2 6LR. The trading address is Vicarage Farm Road, Peterborough, PE1 5TP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.
Judgements and key sources of estimation uncertainty
The directors make estimates and assumptions about the future. These estimates and assumptions impact recognised assets and liabilities, as well as revenue and expenses and other disclosures. These estimates are based on historical experience and on various assumptions considered reasonable under the prevailing conditions. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. There are no estimates or assumptions that have a significant effect on on the carrying amounts of assets and liabilities within financial year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity respectively. 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. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of comprehensive income.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold Property | - | SL Over 50 years
| Plant and Machinery | - | 20% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Equipment | - | 20% reducing balance

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 stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 47 (2024: 45 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 July 2024 | 31,477 | 1,518,835 | 51,800 | 73,822 | 1,675,934
Additions | – | 1,147 | – | 8,535 | 9,682
| -------- | ------------ | -------- | -------- | ------------
At 30 June 2025 | 31,477 | 1,519,982 | 51,800 | 82,357 | 1,685,616
| -------- | ------------ | -------- | -------- | ------------
Depreciation |  |  |  |  |
At 1 July 2024 | 1,890 | 1,123,956 | 30,833 | 46,745 | 1,203,424
Charge for the year | 630 | 79,018 | 5,242 | 5,841 | 90,731
| -------- | ------------ | -------- | -------- | ------------
At 30 June 2025 | 2,520 | 1,202,974 | 36,075 | 52,586 | 1,294,155
| -------- | ------------ | -------- | -------- | ------------
Carrying amount |  |  |  |  |
At 30 June 2025 | 28,957 | 317,008 | 15,725 | 29,771 | 391,461
| -------- | ------------ | -------- | -------- | ------------
At 30 June 2024 | 29,587 | 394,879 | 20,967 | 27,077 | 472,510
| -------- | ------------ | -------- | -------- | ------------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 862,975 | 950,385
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 311,157 | 213,238
Other debtors | 256,889 | 224,796
| ------------ | ------------
| 1,431,021 | 1,388,419
| ------------ | ------------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 288,317 | 318,450
Trade creditors | 380,734 | 476,327
Social security and other taxes | 116,152 | 206,144
Other creditors | 223,847 | 147,700
| ------------ | ------------
| 1,009,050 | 1,148,621
| ------------ | ------------

Bank loans and overdrafts are secured on the assets of the company.
Included within other creditors is hire purchase of £51,902 (2024 - £65,939) which is secured on the assets to which it relates.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | – | 51,902
| ---- | --------

Bank loans and overdrafts are secured on the assets of the company.
Included within other creditors is hire purchase of £Nil (2024 - £51,902) which is secured on the assets to which it relates.
9. Government grants
The amounts recognised in the financial statements for government grants are as follows:

| 2025 | 2024
| £ | £

Recognised in other operating income:

Government grants recognised directly in income | 9,239 | 9,239
| ------- | -------

10. Director's advances, credits and guarantees
The director operates a loan account with the company. At the start of the year the director owed £148,892 to the company. During the year they received advances of £125,323 and repaid £100,000. At the end of the year the director owed £174,215. No interest was paid and the loan is repayable on demand.
11. Related party transactions
The company has taken advantage of the exemption available under FRS 102 Section 1A from disclosing transactions with group companies.
12. Controlling party
The company is a wholly owned subsidiary of AWB (Holdings) Limited, a company registered in England and Wales.