REGISTERED NUMBER: 04551189 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2025

FOR

ALS MECHATRONIC LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C H Fitzsimmons

D J L'Estrange

Mrs L J Steward

A J Steward

Secretary:

Mrs L J Steward

Registered office:

Unit 25 Park Farm Ind Estate

Evesham Road

Greet

Cheltenham

GL54 5BX

Registered number:

04551189 (England and Wales)

Fixed assets

Tangible assets

4

476,134

571,540

Investments

5

68,593

-

544,727

571,540

Current assets

Stocks

6

572,524

562,561

Debtors

7

1,290,908

943,690

Cash at bank and in hand

1,932,899

864,893

3,796,331

2,371,144

Creditors

Amounts falling due within one year

8

2,370,113

1,111,201

Net current assets

1,426,218

1,259,943

Total assets less current liabilities

1,970,945

1,831,483

Creditors

Amounts falling due after more than one year

9

(42,917

)

(92,084

)

Provisions for liabilities

13

(57,000

)

(88,700

)

Net assets

1,871,028

1,650,699

Capital and reserves

Called up share capital

14

1,000

1,000

Retained earnings

1,870,028

1,649,699

Shareholders' funds

1,871,028

1,650,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th May 2026 and were signed on its behalf by:

A J Steward - Director

1.	Statutory information

ALS Mechatronic Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about ALS Mechatronic Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

An estimated 86% of the company's turnover related to exports.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, at the following rates:

Property improvements

20% SL

Plant & machinery

15% & 25% RB & 33% SL

Motor vehicles

25% RB

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stock & work in progress

Stock has been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress has been valued as a percentage of the full contract value according to the level of completion. At the year end the work in progress value is treated as turnover in the profit and loss account and included within debtors in the balance sheet.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities. Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research & development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase & leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs & other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees (including officers)

The average number of employees during the year was 46 (2024 - 42 ) .

4.	Tangible fixed assets

Property

Plant &

Motor

improvements

machinery

vehicles

Totals

£

£

£

£

Cost

At 1st January 2025

106,766

775,125

454,124

1,336,015

Additions

-

114,092

166,781

280,873

Disposals

-

(587,771

)

(75,492

)

(663,263

)

At 31st December 2025

106,766

301,446

545,413

953,625

Depreciation

At 1st January 2025

82,159

502,916

179,400

764,475

Charge for year

9,751

83,132

101,229

194,112

Eliminated on disposal

-

(442,198

)

(38,898

)

(481,096

)

At 31st December 2025

91,910

143,850

241,731

477,491

Net book value

At 31st December 2025

14,856

157,596

303,682

476,134

At 31st December 2024

24,607

272,209

274,724

571,540

The net book value of tangible fixed assets includes £ 89,765 (2024 - £ 119,686 ) in respect of assets held under hire purchase contracts.

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Reclassification/transfer

68,593

At 31st December 2025

68,593

Net book value

At 31st December 2025

68,593

The company's investments at the Balance sheet date in the share capital of companies include the following:

ALS Mechatronic Inc

Registered address:

600 S Tyler Street. Suite 2100, Amarillo TX 79101, US

Nature of business:

Machinery manufacturing

% holding

100

Year ended

31.12.25

£

Aggregate capital & reserves

10,546

6.

Stocks

31.12.25

31.12.24

£

£

Stocks

488,042

478,079

Work in progress

84,482

84,482

572,524

562,561

7.

Debtors

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

434,829

326,473

Amounts owed by group undertakings

174,065

5,000

Other loans

5,437

10,014

Directors' loan accounts

-

147,634

VAT

117,755

-

Prepayments

413,615

304,651

1,145,701

793,772

Amounts falling due after more than one year:

Other loans

145,207

149,918

Aggregate amounts

1,290,908

943,690

8.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Bank loans (see note 10)

25,000

25,000

Hire purchase contracts (see note 11)

24,167

36,667

Trade creditors

531,982

300,160

Corporation tax

97,200

25,000

Social security & other tax

80,598

64,272

Other creditors

1,199

18,831

Directors' loan accounts

61,733

-

Accruals & deferred income

1,548,234

641,271

2,370,113

1,111,201

9.

Creditors: amounts falling due after more than one year

31.12.25

31.12.24

£

£

Bank loans (see note 10)

22,917

47,917

Hire purchase contracts (see note 11)

20,000

44,167

42,917

92,084

10.

Loans

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank loans

25,000

25,000

Amounts falling due between two and five years:

Bank loans two to five years

22,917

47,917

11.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

24,167

36,667

Between one and five years

20,000

44,167

44,167

80,834

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

147,106

145,936

Between one and five years

134,094

226,136

281,200

372,072

12.	Secured debts

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

47,917

72,917

The bank loan is secured by a fixed and floating charge over property of the company.

13.	Provisions for liabilities

31.12.25

31.12.24

£

£

Deferred tax

57,000

88,700

Deferred tax

£

Balance at 1st January 2025

88,700

Utilised during year

(31,700

)

Balance at 31st December 2025

57,000

14.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

910

Ordinary A shares

£1

910

910

90

Ordinary B shares

£1

90

90

1,000

1,000

15.	Contingent liabilities

There were no contingent liabilities as at 31st December 2025.

16.	Directors' advances, credits and guarantees

Directors

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. Loans and advances of £128,591 and repayments of £276,225 were made during the year. The balance at the year end was £61,733, owed by the company (2024: £147,634, owed to the company).

The loans and advances were made interest free and were repayable on demand.

17.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

18.	Controlling party

The Company is a wholly owned subsidiary of ALS Automation Group Limited.

Company registration number:

14437899

Company registration address:

Unit 25, Park Farm Industrial Estate, Evesham Road, Greet,

Cheltenham, GL54 5BX.