Albright International Limited Company accounts

COMPANY REGISTRATION NUMBER: 01278761

Albright International Limited

Financial Statements

30 September 2025

Albright International Limited

Financial Statements

Year ended 30 September 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	5

Independent auditor's report to the members	7

Statement of income and retained earnings	11

Statement of financial position	12

Notes to the financial statements	13

Albright International Limited

Officers and Professional Advisers

The board of directors	Mr N E L Bedggood
	Mr L E V Bedggood
	Mrs M Adaway
	Mr G Moore
	Mr D Crew
	Mr P McNab

Registered office	Unit E Evingar Trading Estate
	Ardglen Road
	Whitchurch
	Hampshire
	RG27 7BB

Auditor	TTCA Ltd
	Chartered accountants & statutory auditor
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY

Albright International Limited

Strategic Report

Year ended 30 September 2025

The directors present the strategic report for the year ended 30 September 2025 and confirm to the company's members that they have complied with their duty under section 172 of the Companies Act 2006. Principal activity The company's principal activity during the year continued to be that of the manufacture and sale of solenoid switches and switch gear. Interest rate risk The nature of the company's activities and the basis of funding are such that the directors envisage the company has sufficient liquid resources. The company is not financially dependent on the income earned on these resources and therefore the risk of interest rate fluctuations is not significant to the business. Nonetheless the directors continue to take steps to secure rates of interest which will generate the best return for the company. Fair review of the business The company saw a 13.1% reduction in sales during the period. The main contributing factors were customer projects being delayed and more generally, timing of orders from customers within certain markets. These markets are notoriously unpredictable and FY25 was no different. With revenues falling, Costs of Sales also fell. However, due to higher input costs, specifically precious metals, margins were negatively impacted with Gross Profit falling to 13.4% from 15.2% prior year. A with previous years SG&A costs are relatively stable, with the exception of Foreign Currency gains/losses. FY 2025 saw these costs fall £167k (3.1%) year on year. There was an Operating loss in the period of (523K) against a profit of £605k prior year. Future developments The business continues to look at ways of developing its product portfolio to meet customer needs now and in the future. Foreign exchange currency risk: The directors consider the risk on the capital value of short and medium term investments to be low. The directors continue to manage the above risks by only entering into short-term investments and continually reviewing these short-term investments to ensure that the maximum rates of return are achieved. The company also holds cash in foreign currencies such as Euros, Dollars, Yen, Rupees and Chinese Yuan. The company does not enter into forward contracts in respect of Euros and Dollars, instead the company buys and sells these currencies as and when required on the spot market.

Section 172(1) statement The directors of the company have acted in a way they believe, in good faith, to be most likely to promote the long-term success of the company, ensuring the benefit of its members as a whole, in accordance with the requirements of section 172 of the Companies Act 2006. In pursuit of this objective, the directors have taken into account a range of considerations. Firstly, the company has expanded its operations by opening a factory in India; this strategic move is aimed at lowering production costs while simultaneously positioning the company to tap into the rapidly growing Indian market. In tandem, we have recruited experienced sales managers in both China and India. Their primary remit is to drive internal sales growth by leveraging local market insights, building partnerships, and fostering customer relationships. Secondly, the directors are focused on innovation, with a clear ambition to introduce new products to the market every six months, ensuring the company stays at the forefront of its industry. Additionally, we have diversified our financial strategy by opening investment accounts in both US dollars and euros, allowing the company to earn interest on surplus funds. Collectively, these actions reflect a forward-thinking, globally oriented approach designed to enhance resilience, drive revenue growth, and deliver sustainable value for all stakeholders. Furthermore, we have implemented a robust quality control initiative. We have employees from both India and China coming over to our UK factory to update their skills and ensure they are aligned with our highest standards. Once trained, they return to India and China, carrying with them best practices to maintain a consistently high level of quality across all our global operations.

Long-term consequences of decisions The Company operates in the manufacturing sector and the Board focuses on long-term sustainable growth through investment in plant, technology, and workforce capability. During the year, capital expenditure was approved to improve production efficiency and reduce waste. Disabled persons Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development, and promotion of disabled persons should, as far as possible, be identical to that of other employees. We have had instances of employee's with deteriorating health or sustaining an injury and they have been given help and alternative duties to enable them to continue employment with us. Employees The Company recognises that its employees are key to its success. Engagement is achieved through regular briefings, performance reviews, and health and safety consultations. The Company continues to invest in training and development to enhance skills within the workforce. Business relationships with suppliers and customers As the business enters its 80th year of trading, the Company continues to maintain strong relationships with its key suppliers to ensure continuity of raw materials and components. Long-term partnerships and fair payment practices are prioritised. Customer relationships are supported through consistent product quality, reliable delivery, and ongoing communication. Impact on the community and the environment The Company is committed to minimising its environmental impact. During the year, initiatives included reducing energy consumption across manufacturing sites and improving recycling processes. The Company also supports the local community through employment and engagement with local organisations. Maintaining a reputation for high standards of business conduct The Board promotes high ethical standards and ensures compliance with all relevant laws and regulations. Policies are in place covering anti-bribery, whistleblowing, and health and safety.

This report was approved by the board of directors on 21 April 2026 and signed on behalf of the board by:

Mrs M Adaway

Director

Albright International Limited

Directors' Report

Year ended 30 September 2025

The directors present their report and the financial statements of the company for the year ended 30 September 2025 .

Directors

The directors who served the company during the year were as follows:

Mr N E L Bedggood
Mr L E V Bedggood
Mrs M Adaway
Mr G Moore
Mr D Crew
Mr R Hunt	(Resigned 27 June 2025)

On 1 January 2026, P D McNab was appointed as a director.

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Future developments

The directors are looking into battery development and high voltage switches.

Greenhouse gas emissions and energy consumption

Information regarding energy consumption has been reported at group level, and as a result, has not been disclosed in these financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 21 April 2026 and signed on behalf of the board by:

Mrs M Adaway

Director

Albright International Limited

Independent Auditor's Report to the Members of Albright International Limited

Year ended 30 September 2025

Opinion

We have audited the financial statements of Albright International Limited (the 'company') for the year ended 30 September 2025 which comprise the statement of income and retained earnings, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors and other management (as required by auditing standards), the polices and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably. Firstly the company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the company is subject to many other laws and regulations where the consequences of non- compliance could have a material effect on amounts or disclosures in the financial statement, for instance through the imposition of fines or litigation. We identified areas as those most likely to have such an effect: anti bribery and certain aspects of company legislation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatement in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit there remains a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Thomas McManners BSc ACA ACMI

(Senior Statutory Auditor)

For and on behalf of

TTCA Ltd

Chartered accountants & statutory auditor

269 Farnborough Road

Farnborough

Hampshire

GU14 7LY

21 April 2026

Albright International Limited

Statement of Income and Retained Earnings

Year ended 30 September 2025

		2025	2024
Note		£	£
Turnover	4	35,404,164	40,748,992

Cost of sales	30,783,211	34,567,943
	-------------	-------------
Gross profit	4,620,953	6,181,049

Administrative expenses		5,310,804	5,770,715
Other operating income	5	166,458	194,391
		------------	------------
Operating (loss)/profit	6	( 523,393)	604,725

Income from shares in group undertakings	9	1,478,680	1,443,087
Other interest receivable and similar income	10	114,477	43,457
		------------	------------
Profit before taxation		1,069,764	2,091,269

Tax on profit	11	386,847	82,537
		------------	------------
Profit for the financial year and total comprehensive income		682,917	2,008,732
		------------	------------

Dividends paid and payable	12	( 500,000)	–

Retained earnings at the start of the year	23,059,796	21,051,064
	-------------	-------------
Retained earnings at the end of the year	23,242,713	23,059,796
	-------------	-------------

All the activities of the company are from continuing operations.

Albright International Limited

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	13	1,223,734	1,237,818
Investments	14	6,031,845	6,031,845
		------------	------------
		7,255,579	7,269,663

Current assets

Stocks	15	6,088,027	7,134,614
Debtors	16	12,858,208	13,299,827
Cash at bank and in hand		8,446,054	7,458,612
		-------------	-------------
		27,392,289	27,893,053

Creditors: amounts falling due within one year
Trade creditors		5,617,964	6,342,478
Amounts owed to group undertakings		4,876,876	4,792,189
Other creditors including taxation and social security	17	388,992	429,507
Accruals and deferred income		491,323	508,746
		-------------	-------------
		11,375,155	12,072,920
		-------------	-------------
Net current assets		16,017,134	15,820,133
		-------------	-------------
Total assets less current liabilities		23,272,713	23,089,796
		-------------	-------------
Net assets		23,272,713	23,089,796
		-------------	-------------

Capital and reserves

Called up share capital	18	30,000	30,000
Profit and loss account	19	23,242,713	23,059,796
		-------------	-------------
Shareholders funds		23,272,713	23,089,796
		-------------	-------------

These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Mr N E L Bedggood	Mrs M Adaway
Director	Director

Company registration number: 01278761

Albright International Limited

Notes to the Financial Statements

Year ended 30 September 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 Unit E Evingar Trading Estate, Ardglen Road, Whitchurch, Hampshire, RG27 7BB.

2. Statement of compliance

These financial statements have been prepared in compliance with 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. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

Albright International Ltd has strong cash reserves and has a strong order book. The business remains very much a going concern.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Lea Redway Group which can be obtained from Lea Redway Limited, Unit E Evingar Trading Estate, Ardglen Road, Whitchurch, Hampshire. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: No cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

The preparation of these financial statements in conformity with United Kingdom Generally Accepted Accounting Practice requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the valuation of closing stock and work in progress.

Revenue recognition

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.

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 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 profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant and machinery	-	15% straight line
Computer equipment	-	25% straight line
Motor vehicles	-	20% straight line
Equipment, fixtures & fittings	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments 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. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	35,404,164	40,748,992
	-------------	-------------

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
United Kingdom	5,923,290	10,147,782
Overseas sales	28,171,452	29,353,203
Licence fee received	1,309,422	1,248,007
	-------------	-------------
	35,404,164	40,748,992
	-------------	-------------

Analysis of overseas sales:

	2025	2024
	£	£
Europe	16,089,927	15,329,050
North America	9,084,259	10,614,248
Rest of the world	2,997,266	3,409,905
	-------------	-------------
Total	28,171,452	29,353,203
	-------------	-------------

5. Other operating income

	2025	2024
	£	£
Management charges receivable	166,458	194,391
	---------	---------

6. Operating (loss)/profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	408,115	433,040
Foreign exchange differences	( 187,410)	468,679
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	38,850	37,000
	--------	--------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	551	597
	--------	--------

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	109	136
Administrative staff	48	41
	----	----
	157	177
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	6,041,321	6,378,533
Other pension costs	162,996	138,483
	------------	------------
	6,204,317	6,517,016
	------------	------------

9. Income from shares in group undertakings

	2025	2024
	£	£
Dividends from group undertakings	1,478,680	1,443,087
	------------	------------

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on bank deposits	114,477	43,457
	---------	--------

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	386,847	82,537
	---------	--------
Tax on profit	386,847	82,537
	---------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	1,069,764	2,091,269
	------------	------------
Profit on ordinary activities by rate of tax	267,441	522,817
Utilisation of tax losses	–	( 440,280)
Witholding tax adjustment	119,406	–
	------------	------------
Tax on profit	386,847	82,537
	------------	------------

12. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	500,000	–
	---------	----

13. Tangible assets

	Plant and machinery	Computer Equipment	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024	7,272,869	1,997,186	218,548	5,893,825	15,382,428
Additions	–	49,529	74,484	270,018	394,031
	------------	------------	---------	------------	-------------
At 30 September 2025	7,272,869	2,046,715	293,032	6,163,843	15,776,459
	------------	------------	---------	------------	-------------
Depreciation
At 1 October 2024	6,947,143	1,979,259	205,618	5,012,590	14,144,610
Charge for the year	70,555	20,281	26,512	290,767	408,115
	------------	------------	---------	------------	-------------
At 30 September 2025	7,017,698	1,999,540	232,130	5,303,357	14,552,725
	------------	------------	---------	------------	-------------
Carrying amount
At 30 September 2025	255,171	47,175	60,902	860,486	1,223,734
	------------	------------	---------	------------	-------------
At 30 September 2024	325,726	17,927	12,930	881,235	1,237,818
	------------	------------	---------	------------	-------------

14. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2024 and 30 September 2025	6,031,845
	------------
Impairment
At 1 October 2024 and 30 September 2025	–
	------------

Carrying amount
At 30 September 2025	6,031,845
	------------
At 30 September 2024	6,031,845
	------------

Subsidiaries, associates and other investments

	Class of share	Percentage of shares held
Subsidiary undertakings
Albright Deutschland GmbH	Ordinary	100
Albright France	Ordinary	80
Albright Lietuva UAB	Ordinary	100
Albright Mechanical Engineering Shanghai	Ordinary	100
Albright Japan	Ordinary	100
Albright Electromechanical India Private Limited	Ordinary	100

15. Stocks

	2025	2024
	£	£
Raw materials and consumables	3,480,961	3,558,020
Work in progress	1,976,244	2,196,228
Finished goods and goods for resale	630,822	1,380,366
	------------	------------
	6,088,027	7,134,614
	------------	------------

16. Debtors

	2025	2024
	£	£
Trade debtors	5,701,284	7,088,483
Amounts owed by group undertakings	6,285,503	5,427,818
Prepayments and accrued income	290,731	295,718
Other debtors	580,690	487,808
	-------------	-------------
	12,858,208	13,299,827
	-------------	-------------

17. Other creditors including taxation and social security falling

due within one year

	2025	2024
	£	£
Social security and other taxes	194,827	186,015
Other creditors	194,165	243,492
	---------	---------
	388,992	429,507
	---------	---------

18. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	30,000	30,000	30,000	30,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	30,000	30,000	30,000	30,000
	--------	--------	--------	--------

19. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

20. Related party transactions

During the year the company made sales totalling £616,631 (2024: £892,163) to Albright France. Purchases totalling £5,741 were purchased from Albright France (2024: £2,023). Albright France is an 80% subsidiary of Albright International Limited . These transactions were entered into on an arms length basis. Included in trade debtors is an amount of £72,830 (2024: £305,506) due from Albright France to Albright International Limited . Included within 'Amounts owed by group undertakings' is a figure of £166,721 (2024: £116,625) due from Albright France. Dividends received from Albright France during the year were £163,057 (2024: £32,325). Management charges received from Albright France totalled £20,000 (2024: £20,000) Advantage has been taken of the exemption from disclosure of inter-company transactions and balances with wholly owned subsidiaries.