REGISTERED NUMBER: 02459771 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Perry Process Equipment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G P Epstein

J P Epstein

P Cook

REGISTERED OFFICE:

Station Road

Aycliffe Industrial Estate

NEWTON AYCLIFFE

County Durham

DL5 6EQ

REGISTERED NUMBER:

02459771 (England and Wales)

SENIOR STATUTORY AUDITOR:

Martin Hobson BA (Hons), FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

Darlington

County Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

437,829

449,600

Investments

5

-

86,244

437,829

535,844

CURRENT ASSETS

Stocks

6

1,519,100

1,547,027

Debtors

7

373,053

1,363,138

Cash at bank and in hand

931

184,724

1,893,084

3,094,889

CREDITORS

Amounts falling due within one year

8

(879,456

)

(1,770,943

)

NET CURRENT ASSETS

1,013,628

1,323,946

TOTAL ASSETS LESS CURRENT LIABILITIES

1,451,457

1,859,790

CAPITAL AND RESERVES

Called up share capital

10

300,000

300,000

Retained earnings

1,151,457

1,559,790

SHAREHOLDERS' FUNDS

1,451,457

1,859,790

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 27 May 2026 and were signed on its behalf by:

P Cook - Director

1.	STATUTORY INFORMATION

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to operate as a going concern. Their assessment is made for a period of at least twelve months from the date of the approval of the financial statements. The company incurred a loss in 2025, but it continue to receive the support of its parent company.

Related party exemption

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 the parent and other wholly owned subsidiaries within the group or those which are under normal commercial terms.

Turnover

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

Revenue recognition

Revenue is recognised when the risks and rewards have been transferred, i.e. when the goods have been shipped.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

7.5% - 25% on cost

Computer equipment

-

25% - 33.33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and impairment.

Investments in subsidiaries

Investment in subsidiary undertakings are recognised at cost less any provision for impairment.The carrying value of fixed asset investments are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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 profit before tax.

Pension costs and 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.

Leasing commitments

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

Preparation of consolidated financial statements

The financial statements contain information about Perry Process Equipment 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.

Perry Process Equipment Limited is a wholly owned subsidiary of Perry Videx LLC, a company incorporated in the USA.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

684,654

472,426

46,620

1,203,700

Additions

-

23,592

1,367

24,959

At 31 December 2025

684,654

496,018

47,987

1,228,659

DEPRECIATION

At 1 January 2025

317,587

392,439

44,074

754,100

Charge for year

13,694

21,984

1,052

36,730

At 31 December 2025

331,281

414,423

45,126

790,830

NET BOOK VALUE

At 31 December 2025

353,373

81,595

2,861

437,829

At 31 December 2024

367,067

79,987

2,546

449,600

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

86,244

Impairments

(86,244

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

86,244

Perry Process Equipment Limited owns 100% of the ordinary share capital of Perry Biehler Equipment SAS (2024: 100%). The address of the registered office of Perry Biehler SAS is 11 Rue De Vertuquet, 59960 Nueville-en-Ferrain, France.

Perry Biehler Equipment SAS ceased trading in the year, with liquidators appointed on 26 January 2026.

6.

STOCKS

2025

2024

£

£

Finished goods

1,519,100

1,547,027

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

136,472

114,107

Amounts owed by group undertakings

113,024

864,893

Other debtors

14,165

72,836

Prepayments and accrued income

109,392

311,302

373,053

1,363,138

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

242,969

-

Trade creditors

55,475

81,433

Amounts owed to group undertakings

130,303

945,554

Taxation and social security

21,604

24,308

Other creditors

2,923

2,767

Accruals and deferred income

426,182

716,881

879,456

1,770,943

The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

22,400

18,942

Between one and five years

36,534

31,926

58,934

50,868

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

300,000

Ordinary

£1

300,000

300,000

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Hobson BA (Hons), FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

12.	ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Perry Machinery Corporation, a company incorporated in the USA. The immediate parent undertaking is Perry Videx LLC, a company incorporated in the USA, registered office 25 Mount Laurel Rd, Hainesport, New Jersey, 08036, US.