REGISTERED NUMBER: 04237189 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

AUSTIN HUGHES EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Kam Ming

M Hennessey

SECRETARY:

M Hennessey

REGISTERED OFFICE:

Unit 1, Chancery Gate Business Centre

Manor House Avenue

Southampton

Hampshire

SO15 0AE

REGISTERED NUMBER:

04237189 (England and Wales)

AUDITORS:

TC Group, Statutory Auditor

Suite 4

2nd Floor

New Kings Court

Eastleigh

SO53 3LG

FIXED ASSETS

Tangible assets

4

278,279

279,933

CURRENT ASSETS

Stocks

5

282,327

366,635

Debtors

6

786,343

967,804

Cash at bank

1,410,693

1,171,520

2,479,363

2,505,959

CREDITORS

Amounts falling due within one year

7

95,863

375,364

NET CURRENT ASSETS

2,383,500

2,130,595

TOTAL ASSETS LESS CURRENT LIABILITIES

2,661,779

2,410,528

PROVISIONS FOR LIABILITIES

393

393

NET ASSETS

2,661,386

2,410,135

CAPITAL AND RESERVES

Called up share capital

9

400

400

Retained earnings

2,660,986

2,409,735

SHAREHOLDERS' FUNDS

2,661,386

2,410,135

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 14 July 2026 and were signed on its behalf by:

M Hennessey - Director

1.	STATUTORY INFORMATION

Austin Hughes Europe 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.

The principal activity of the company is the manufacture and distribution of computer hardware components.

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.

The principal accounting policies adopted are set out below.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will have sufficient funds available to enable it to continue to trade for a period of at least 12 months from the date of signing this report. In making their assessment that this assumption is appropriate the directors have considered operational capacity, demand for products and finances.

After due consideration, it is anticipated that cash flow will be sufficient to meet expected working capital movements. For this reason the financial statements have been prepared on a going concern basis.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised on dispatch which is when all of the following conditions are considered to be satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

Straight line over 50 years

Plant and machinery

15% to 25 % reducing balance

Computer Equpment

Straight line over 4 years

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the statement of income and retained earnings.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Costs to sell are based on the cost of purchase on a first in, first out basis.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loan's to related parties and investments in ordinary shares.

Short term debtors and creditors are measured at the transaction price. Other financial instruments, including loans, 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.

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

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.

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.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Cash and cash equivalents

Cash at bank and in hand 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Plant and

Computer

buildings

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2025

394,566

57,770

-

452,336

Additions

-

-

7,925

7,925

Disposals

-

(14,640

)

-

(14,640

)

At 31 March 2026

394,566

43,130

7,925

445,621

DEPRECIATION

At 1 April 2025

118,210

54,193

-

172,403

Charge for year

7,891

489

377

8,757

Eliminated on disposal

-

(13,818

)

-

(13,818

)

At 31 March 2026

126,101

40,864

377

167,342

NET BOOK VALUE

At 31 March 2026

268,465

2,266

7,548

278,279

At 31 March 2025

276,356

3,577

-

279,933

5.

STOCKS

2026

2025

£

£

Finished goods

282,327

366,635

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

710,388

881,993

Other debtors

75,955

85,811

786,343

967,804

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

1,141

Amounts owed to group undertakings

-

208,124

Corporation tax

73,859

152,110

Social security and other taxes

9,060

9,055

Other creditors

8,014

4

Accruals and deferred income

4,930

4,930

95,863

375,364

8.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

10,045

15,450

Between one and five years

1,224

11,269

11,269

26,719

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

260

Ordinary A Shares

£1

260

260

120

Ordinary B Shares

£1

120

120

20

Ordinary C Shares

£1

20

20

400

400

The A Ordinary Shares, the B Ordinary Shares and the C Ordinary Shares shall rank pari passu in all respects.

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

The Report of the Auditors was unqualified.

Richard Gillespie FCCA (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditor

11.	RELATED PARTY DISCLOSURES

The company has entered into transactions with related parties during the reporting period. All such transactions were conducted under normal market conditions. Accordingly, no further disclosure is required under FRS 102 Section 1A paragraph 1AC.35.

12.	ULTIMATE CONTROLLING PARTY