INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2025
DATUM ALLOYS LIMITED
REGISTERED NUMBER:02834675
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 11 form part of these financial statements.
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DATUM ALLOYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Datum Alloys Limited (registered number 02834675) is a private company, limited by shares and registered in England and Wales. The registered office is Unit 9 Torr Hill Park, Torr Quarry Industrial Estate, East Allington, Totnes, England, TQ9 7QQ.
2.ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. In assessing whether this basis remains appropriate, the Directors have considered the Group’s forecasts, cash flow projections, funding requirements and the range of potential scenarios over a period of at least twelve months from the date of approval of these financial statements.
As at 31 July 2025, the Group had net liabilities of £1,758,877 (2024: £1,386,325), including stakeholder loan balances falling due within the going concern assessment period. The Directors have considered the Group’s forecast trading performance, expected cash generation and available sources of funding in assessing the Group’s ability to meet its liabilities as they fall due.
At the date of approval of these financial statements, the Group is considering potential changes to its ownership and funding structure. The outcome and timing of these potential changes remain uncertain. If a change in ownership does occur, the Group’s future funding, strategic direction and operating arrangements would be dependent on the intentions and arrangements of any new owner. At the date of approval of these financial statements, these arrangements are unknown and therefore uncertain.
The Group has obtained a letter of financial support from Rockpool Investments LLP confirming its intention to provide financial support, including the potential deferral or refinance of amounts owed and the provision of working capital funding as required, for a period of at least twelve months from the date of approval of the financial statements, in the event that the potential changes to the Group’s ownership and funding structure do not proceed.
These circumstances represent events and conditions which give rise to a material uncertainty that may cast doubt on the Group’s and the Parent Company’s ability to continue as a going concern. The financial statements do not include the adjustments that would arise if the Group or the Parent Company were unable to continue as a going concern.
Notwithstanding these uncertainties, the Directors consider that the going concern basis of preparation remains appropriate, based on the Group’s forecasts and cash flow projections, the availability of support from Rockpool Investments LLP if the proposed changes do not proceed, and their assessment of the options available to the Group.
As at 31 July 2025, the Group had net liabilities of £1,758,877 (2024: £1,386,325), including stakeholder loan balances falling due within the going concern assessment period. The Directors have considered the Group’s forecast trading performance, expected cash generation and available sources of funding in assessing the Group’s ability to meet its liabilities as they fall due.
At the date of approval of these financial statements, the Group is considering potential changes to its ownership and funding structure. The outcome and timing of these potential changes remain uncertain. If a change in ownership does occur, the Group’s future funding, strategic direction and operating arrangements would be dependent on the intentions and arrangements of any new owner. At the date of approval of these financial statements, these arrangements are unknown and therefore uncertain.
The Group has obtained a letter of financial support from Rockpool Investments LLP confirming its intention to provide financial support, including the potential deferral or refinance of amounts owed and the provision of working capital funding as required, for a period of at least twelve months from the date of approval of the financial statements, in the event that the potential changes to the Group’s ownership and funding structure do not proceed.
These circumstances represent events and conditions which give rise to a material uncertainty that may cast doubt on the Group’s and the Parent Company’s ability to continue as a going concern. The financial statements do not include the adjustments that would arise if the Group or the Parent Company were unable to continue as a going concern.
Notwithstanding these uncertainties, the Directors consider that the going concern basis of preparation remains appropriate, based on the Group’s forecasts and cash flow projections, the availability of support from Rockpool Investments LLP if the proposed changes do not proceed, and their assessment of the options available to the Group.
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DATUM ALLOYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
The lease liability is initially measured at the present value of lease payments due over the lease term, discounted at the rate implicit in the lease or, if not readily determinable, the company’s incremental borrowing rate.
The right-of-use asset is measured at the amount of the lease liability and takes into account the value of lease incentives such as rent-free periods.
After initial recognition, the right-of-use asset is depreciated on a straight-line basis over the shorter of the asset’s useful life or the lease term.
The lease liability is subsequently measured at amortised cost using the effective interest method, with interest expense recognised in profit or loss.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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DATUM ALLOYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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DATUM ALLOYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 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, with 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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
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DATUM ALLOYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
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DATUM ALLOYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.ACCOUNTING POLICIES (CONTINUED)
On 1 August 2024, the Company early adopted the amendments to Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. The amendments have been applied using the modified retrospective approach and comparative information has not been restated.
The most significant impact of the adoption of the amended standard relates to the accounting for leases. Under the amended standard, the Company recognises right-of-use assets and corresponding lease liabilities for leases previously classified as operating leases.
On transition, the Company recognised lease liabilities of £167,631 and right-of-use assets of £156,821, with the difference recognised in retained earnings at the date of initial application.
The weighted average incremental borrowing rate applied to lease liabilities at the date of initial application was 9.5%.
The Company has also considered the impact of other amendments introduced as part of the revised FRS 102, including changes to revenue recognition, financial instruments, fair value measurement and other presentation and disclosure requirements. The Company’s existing accounting policies are largely consistent with the revised requirements and, accordingly, these amendments have not had a material impact on the recognition or measurement of amounts reported in the financial statements.
Where necessary, additional or enhanced disclosures have been made to comply with the requirements of the amended standard.
Overall, other than the impact of lease accounting, the adoption of the amended FRS 102 has not had a material impact on the Company’s financial statements.
The most significant impact of the adoption of the amended standard relates to the accounting for leases. Under the amended standard, the Company recognises right-of-use assets and corresponding lease liabilities for leases previously classified as operating leases.
On transition, the Company recognised lease liabilities of £167,631 and right-of-use assets of £156,821, with the difference recognised in retained earnings at the date of initial application.
The weighted average incremental borrowing rate applied to lease liabilities at the date of initial application was 9.5%.
The Company has also considered the impact of other amendments introduced as part of the revised FRS 102, including changes to revenue recognition, financial instruments, fair value measurement and other presentation and disclosure requirements. The Company’s existing accounting policies are largely consistent with the revised requirements and, accordingly, these amendments have not had a material impact on the recognition or measurement of amounts reported in the financial statements.
Where necessary, additional or enhanced disclosures have been made to comply with the requirements of the amended standard.
Overall, other than the impact of lease accounting, the adoption of the amended FRS 102 has not had a material impact on the Company’s financial statements.
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