Alcar International Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Alcar International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01993967 . The registered office is 2 Gainas Avenue, Gainsborough, Lincolnshire, DN21 2RD.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £1.

3.2. Going Concern Disclosure

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company’s ability to continue as a going concern.

3.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

3.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	1% straightline
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balanced

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Alcar International Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3.6. Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where the market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit and loss for the period.

3.7. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.8. Stocks and Work in Progress

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

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.10. Interest Receivable

Interest income is recognised in the profit and loss account using the effective interest method.

3.11. Interest Payable

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.12. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3.13. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in the profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.14. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Alcar International Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3.15. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3.16. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 25)

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 December 2024	190,421	765,739	11,500	90,428	1,058,088
Additions	-	3,050	-	-	3,050
Disposals	-	(768,789 )	(11,500 )	-	(780,289 )

As at 30 November 2025	190,421	-	-	90,428	280,849

Depreciation
As at 1 December 2024	53,340	686,249	11,494	88,849	839,932
Provided during the period	1,839	7,670	-	395	9,904
Disposals	-	(693,919 )	(11,494 )	-	(705,413 )

As at 30 November 2025	55,179	-	-	89,244	144,423

Net Book Value
As at 30 November 2025	135,242	-	-	1,184	136,426

As at 1 December 2024	137,081	79,490	6	1,579	218,156

Included within the net book value of land and buildings above is £135,242 (2024 - £137,081) in respect of the long leasehold land and buildings.

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Alcar International Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Investments

	Listed
	£
Cost
As at 1 December 2024	261
Revaluations	91

As at 30 November 2025	352

Provision
As at 1 December 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	352

As at 1 December 2024	261

7. Stocks

	2025	2024
	£	£
Stock	-	202,426

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,545	451,185
Amounts owed by group undertakings	84,424	84,424
Other debtors	-	30,905

	87,969	566,514

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,649	67,787
Amounts owed to group undertakings	74,702	29,123
Other creditors	3,991	12,503
Taxation and social security	505	31,405

	96,847	140,818

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Accruals and deferred income	302	403

The Company received a Smart Energy voucher (grant) in respect of a fixed asset project in 2020. This is credited to the Profit and Loss Account in accordance with the accounting policy in note 3.

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Alcar International Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	11,832	11,832
Later than one year and not later than five years	47,330	47,330
Later than five years	1,027,464	1,039,296

	1,086,626	1,098,458

13. Related Party Disclosures

Summary fo transactions with parent

Alcar International Limited is a subsidiary undertaking of Alcar Precision Products Limited. The amount due from Alcar Precision Products Limited at the balance sheet date is £84,424 (2024: £84,424).

Sumary of transactions with associates

Alcar Industrial Services Limited is an associate company of Alcar International Limited, controlled by Alcar Precision Products Limited.

During the year, Alcar International received services from Alcar Industrial Services Limited to the value of £54,539 (2024: £254,075) at normal trade prices. The amount due to Alcar Industrial Services Limited at the balance sheet date is £74,702 (2024: £29,122).

14. Controlling Parties

The company's immediate parent is Alcar Precision Products Limited.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		136,426		218,156
Investments	6		352		261

			136,778		218,417
CURRENT ASSETS
Stocks	7	-		202,426
Debtors	8	87,969		566,514
Cash at bank and in hand		515,289		219,485

		603,258		988,425
Creditors: Amounts Falling Due Within One Year	9	(96,847 )		(140,818 )

NET CURRENT ASSETS (LIABILITIES)			506,411		847,607

TOTAL ASSETS LESS CURRENT LIABILITIES			643,189		1,066,024

Creditors: Amounts Falling Due After More Than One Year	10		(302 )		(403 )

NET ASSETS			642,887		1,065,621

CAPITAL AND RESERVES
Called up share capital	11		200		200
Capital redemption reserve			100		100
Profit and Loss Account			642,587		1,065,321

SHAREHOLDERS' FUNDS			642,887		1,065,621