REGISTERED NUMBER: 03307848 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Eagle Automation Systems Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

Fixed assets

Intangible assets

5

-

11,998

Tangible assets

6

197,980

195,071

197,980

207,069

Current assets

Stocks

811,176

626,601

Debtors

7

9,153,657

8,026,158

Cash at bank

1,636,575

1,013,407

11,601,408

9,666,166

Creditors

Amounts falling due within one year

8

(1,923,001

)

(1,682,440

)

Net current assets

9,678,407

7,983,726

Total assets less current liabilities

9,876,387

8,190,795

Provisions for liabilities

(18,424

)

(17,255

)

Net assets

9,857,963

8,173,540

Capital and reserves

Called up share capital

826

826

Share premium

11,451

11,451

Capital redemption reserve

1,174

1,174

Retained earnings

9,844,512

8,160,089

9,857,963

8,173,540

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

Mr D M Ashby - Director

1.	Statutory information

Eagle Automation Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03307848

Registered office:

Unit 5 New House Farm

Vicarage Lane

North Weald

Epping

Essex

CM16 6AP

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent

from other sources. The estimates and associated assumptions are based on historical experience and other

factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of the revision and future periods where the revision affects both current and future

periods.

In the opinion of the directors, there are no significant judgements or estimates used in the basis of

preparation of these financial statements.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of

net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less

accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful

life and is amortised on a systematic basis over its expected life, which is five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Intangible assets acquired on business combinations are recognised separately from goodwill at the

acquisition date where it is probable that the expected future economic benefits that are attributable to the

asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Tangible fixed assets

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

Improvements to property

-

15% p.a. reducing balance

Plant and machinery

-

25% p.a. reducing balance

Fixtures and fittings

-

15% p.a. reducing balance

Motor vehicles

-

25% p.a. reducing balance

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible

assets to determine whether there is any indication that those assets have suffered an impairment loss. If any

such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

An impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased but so that the carrying amount does not exceed the carrying amount that would have been determined had no

impairment loss had been recognised for the asset. A reversal of an impairment loss is recognised immediately in profit or loss.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is

reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are

met. Where a grant does not specify performance conditions it is recognised in income when the proceeds

are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a

liability.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks

over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or

loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

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. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development

expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be

demonstrated.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is

more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount

of the leased asset and recognised on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs

are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are

received.

Termination benefits are recognised immediately as an expense when the company is demonstrably

committed to terminate the employment of an employee or to provide termination benefits.

4.	Employees and directors

The average number of employees during the year was 43 (2024 - 42 ) .

5.	Intangible fixed assets

Patents and

Goodwill

licences

Totals

£

£

£

Cost

At 1 January 2025

and 31 December 2025

180,000

74,991

254,991

Amortisation

At 1 January 2025

180,000

62,993

242,993

Amortisation for year

-

11,998

11,998

At 31 December 2025

180,000

74,991

254,991

Net book value

At 31 December 2025

-

-

-

At 31 December 2024

-

11,998

11,998

6.	Tangible fixed assets

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

Cost

At 1 January 2025

127,359

134,769

133,456

Additions

-

23,500

8,925

Disposals

-

-

-

At 31 December 2025

127,359

158,269

142,381

Depreciation

At 1 January 2025

12,736

97,020

102,702

Charge for year

17,193

10,417

4,947

Eliminated on disposal

-

-

-

At 31 December 2025

29,929

107,437

107,649

Net book value

At 31 December 2025

97,430

50,832

34,732

At 31 December 2024

114,623

37,749

30,754

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2025

99,908

-

495,492

Additions

-

12,050

44,475

Disposals

(50,000

)

-

(50,000

)

At 31 December 2025

49,908

12,050

489,967

Depreciation

At 1 January 2025

87,963

-

300,421

Charge for year

2,126

1,337

36,020

Eliminated on disposal

(44,454

)

-

(44,454

)

At 31 December 2025

45,635

1,337

291,987

Net book value

At 31 December 2025

4,273

10,713

197,980

At 31 December 2024

11,945

-

195,071

7.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade debtors

2,182,133

1,610,119

Amounts owed by group undertakings

6,879,260

5,193,230

Other debtors

92,264

1,222,809

9,153,657

8,026,158

8.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade creditors

576,360

631,271

Taxation and social security

776,653

738,450

Other creditors

569,988

312,719

1,923,001

1,682,440

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Michael Andrews BSc FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

10.	Related party disclosures

In accordance with FRS102 Section 1A C35 the company has not disclosed transactions with wholly owned

group companies.

11.	Ultimate controlling party

The company is a wholly owned subsidiary of SDIP Holdings UK Limited, the immediate parent undertaking, a company incorporated in the United Kingdom.

The results of the company are consolidated in the financial statements of Sdiptech AB which are available to the the public and may be obtained from the Company Secretary, Sdiptech Holdings AB, Nybrogatan 39, 114 39 Stockholm, Sweden. This is the smallest group of undertakings for which group accounts are drawn up.