REGISTERED NUMBER: 02591700 (England and Wales)

ACM BEARINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

Mr M J Knifton

Mr L Ploton

Mr G Sidebottom

Mr C M M Smith

Mr M J Stevens

SECRETARY:

J A Mercer

REGISTERED OFFICE:

Unit 2, Derwent Way

Wath upon Dearne

Rotherham

South Yorkshire

S63 6EX

REGISTERED NUMBER:

02591700 (England and Wales)

AUDITORS:

Johnson Tidsall Limited

Chartered Accountants

& Statutory Auditor

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Tangible assets

4

193,038

177,372

CURRENT ASSETS

Stocks

5

211,508

246,697

Debtors

6

3,198,421

3,197,670

Cash at bank and in hand

470,420

758,030

3,880,349

4,202,397

CREDITORS

Amounts falling due within one year

7

478,716

514,407

NET CURRENT ASSETS

3,401,633

3,687,990

TOTAL ASSETS LESS CURRENT LIABILITIES

3,594,671

3,865,362

PROVISIONS FOR LIABILITIES

8

41,668

34,000

NET ASSETS

3,553,003

3,831,362

CAPITAL AND RESERVES

Called up share capital

9

11,970

11,970

Share premium

10

39,712

39,712

Capital redemption reserve

10

17,100

17,100

Retained earnings

10

3,484,221

3,762,580

SHAREHOLDERS' FUNDS

3,553,003

3,831,362

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by:

Mr M J Knifton - Director

1.	STATUTORY INFORMATION

ACM Bearings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The Company has a group debtor balance of £2.6 million due from a fellow group undertaking overseas. Management has applied judgement in assessing the recoverability of this balance and has obtained confirmation of recoverability from the senior management of the debtor entity. The balance is considered to be fully recoverable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer. This typically occurs on dispatch of the goods or when the goods have been packaged, made available for customer collection, and the customer has been notified. At this point, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the Company, and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 and leasing commitments

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

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Equity instruments

Equity instruments issued by the company are recognised at the proceeds received, net of directly attributable transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

766,817

51,155

41,037

859,009

Additions

63,593

5,082

-

68,675

Disposals

(28,335

)

-

(36,287

)

(64,622

)

At 31 October 2025

802,075

56,237

4,750

863,062

DEPRECIATION

At 1 November 2024

617,904

46,886

16,847

681,637

Charge for year

27,334

1,485

5,292

34,111

Eliminated on disposal

(28,335

)

-

(17,389

)

(45,724

)

At 31 October 2025

616,903

48,371

4,750

670,024

NET BOOK VALUE

At 31 October 2025

185,172

7,866

-

193,038

At 31 October 2024

148,913

4,269

24,190

177,372

5.

STOCKS

2025

2024

£

£

Raw materials

139,657

164,966

Work-in-progress

71,851

81,731

211,508

246,697

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

428,420

465,541

Amounts owed by group undertakings

2,604,412

2,600,000

VAT

53,204

46,155

Prepayments and accrued income

112,385

85,974

3,198,421

3,197,670

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

344,496

288,619

Corporation tax

28,777

117,485

Social security and other taxes

32,420

31,581

Accruals and deferred income

73,023

76,722

478,716

514,407

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

41,668

34,000

Deferred

tax

£

Balance at 1 November 2024

34,000

Provided during year

7,668

Balance at 31 October 2025

41,668

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

11,970

Ordinary

£1

11,970

11,970

10.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 November 2024

3,762,580

39,712

17,100

3,819,392

Profit for the year

321,641

321,641

Dividends

(600,000

)

(600,000

)

At 31 October 2025

3,484,221

39,712

17,100

3,541,033

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified 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 Auditors' 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.

We were unable to obtain sufficient appropriate audit evidence concerning the inventory at 31 October 2023, which affects the opening inventory for the year ended 31 October 2024. As opening inventory affects cost of sales, we were unable to confirm whether any adjustments might have been necessary to the results for the year ended 31 October 2024, which are presented as comparative figures in the financial statements.

Our opinion on the current year financial statements is therefore qualified in respect of the comparative information only.

David Mellor FCA (Senior Statutory Auditor)

for and on behalf of Johnson Tidsall Limited

12.	OTHER FINANCIAL COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £7,116 (2024: £23,050)

13.	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.

14.	PARENT ENTITY AND ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Hydromecanique Et Frottement Sas, a company registered in France.

HEF Groupe, incorporated in France, is regarded as being the company's ultimate parent company.