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Company registration number: 07731835
AB Systems (UK) Limited
Unaudited filleted abridged financial statements
for the year ended
31 December 2025
AB Systems (UK) Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
AB Systems (UK) Limited
Directors and other information

| Directors | Mr D A T Wynne
|  | Mrs S C Wynne
|  | Mr D J Wynne
| Company number | 07731835
| Registered office | Coursebeer House
|  | Whiddon Down
|  | Okehampton
|  | Devon
|  | EX20 2QZ
| Business address | Coursebeer House
|  | Whiddon Down
|  | Okehampton
|  | Devon
|  | EX20 2QZ
| Accountants | Giffords LLP
|  | Office 8 The Barns
|  | Caddsdown Industrial Park
|  | Bideford
|  | Devon
|  | EX39 3BT

AB Systems (UK) Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of AB Systems (UK) Limited
Year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AB Systems (UK) Limited for the year ended 31 December 2025 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of AB Systems (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of AB Systems (UK) Limited and state those matters that we have agreed to state to the board of directors of AB Systems (UK) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AB Systems (UK) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that AB Systems (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AB Systems (UK) Limited. You consider that AB Systems (UK) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of AB Systems (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Giffords LLP
Chartered Accountants
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
20 April 2026
AB Systems (UK) Limited
Abridged statement of financial position
31 December 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 5 | - |  |  |  | - |  |
Tangible assets |  | 6 | 1,217,853 |  |  |  | 1,244,738 |  |
|  |  | ________ |  |  |  | ________ |  |
|  |  |  |  | 1,217,853 |  |  |  | 1,244,738
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 372,377 |  |  |  | 300,000 |  |
Debtors |  |  | 119,406 |  |  |  | 504,512 |  |
Cash at bank and in hand |  |  | 262,633 |  |  |  | 343,442 |  |
|  |  | ________ |  |  |  | ________ |  |
|  |  | 754,416 |  |  |  | 1,147,954 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 455,588) |  |  |  | ( 681,408) |  |
|  |  | ________ |  |  |  | ________ |  |
Net current assets |  |  |  |  | 298,828 |  |  |  | 466,546
|  |  |  |  | ________ |  |  |  | ________
Total assets less current liabilities |  |  |  |  | 1,516,681 |  |  |  | 1,711,284
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | - |  |  |  | ( 222,581)
Provisions for liabilities |  |  |  |  | ( 228,637) |  |  |  | ( 234,344)
|  |  |  |  | ________ |  |  |  | ________
Net assets |  |  |  |  | 1,288,044 |  |  |  | 1,254,359
|  |  |  |  | ________ |  |  |  | ________
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | 1,287,944 |  |  |  | 1,254,259
|  |  |  |  | ________ |  |  |  | ________
Shareholders funds |  |  |  |  | 1,288,044 |  |  |  | 1,254,359
|  |  |  |  | ________ |  |  |  | ________

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 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.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 07 April 2026 , and are signed on behalf of the board by:
Mr D A T Wynne Mr D J Wynne
Director Director
Company registration number: 07731835
AB Systems (UK) Limited
Notes to the financial statements
Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Coursebeer House, Whiddon Down, Okehampton, Devon, EX20 2QZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill | - | 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:

| Freehold property | - | 2 % | straight line
| Tenants improvements | - | 20 % | straight line
| Plant and machinery | - | 20 % | reducing balance
| Motor vehicles | - | 25 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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.
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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2024: 9 ).
5. Intangible assets

|  | £ |  |  |  |  |
| Cost |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | 20,000 |  |  |  |  |
|  | ________ |  |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 January 2025 and 31 December 2025 | 20,000 |  |  |  |  |
|  | ________ |  |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2025 | - |  |  |  |  |
|  | ________ |  |  |  |  |
| At 31 December 2024 | - |  |  |  |  |
|  | ________ |  |  |  |  |

6. Tangible assets

|  | £ |  |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2025 | 2,980,482 |  |  |  |  |  |
| Additions | 231,584 |  |  |  |  |  |
| Disposals | ( 6,444) |  |  |  |  |  |
|  | ________ |  |  |  |  |  |
| At 31 December 2025 | 3,205,622 |  |  |  |  |  |
|  | ________ |  |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2025 | 1,735,744 |  |  |  |  |  |
| Charge for the year | 257,196 |  |  |  |  |  |
| Disposals | ( 5,171) |  |  |  |  |  |
|  | ________ |  |  |  |  |  |
| At 31 December 2025 | 1,987,769 |  |  |  |  |  |
|  | ________ |  |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2025 | 1,217,853 |  |  |  |  |  |
|  | ________ |  |  |  |  |  |
| At 31 December 2024 | 1,244,738 |  |  |  |  |  |
|  | ________ |  |  |  |  |  |

7. Creditors: amounts falling due within one year
The bank loan was secured by a fixed and floating charge over the assets of the company, with a fixed charge over Coursebeer House (Land Registry title number DN521923). Assets under a hire purchase contract are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year
The bank loan was secured by a fixed and floating charge over the assets of the company, with a fixed charge over Coursebeer House (Land Registry title number DN521923). Assets under a hire purchase contract are secured on the assets concerned.
Included within creditors: amounts falling due after more than one year is an amount of £ - (2024 £ 222,581 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.