REGISTERED NUMBER: 02499988 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DALMEC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Dallago

Mr D Martini

SECRETARY:

Mr C Dallago

REGISTERED OFFICE:

2 Ringway Centre

Edison Road

Basingstoke

Hampshire

RG21 6YH

REGISTERED NUMBER:

02499988 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ross Garfitt

AUDITORS:

Shaw Gibbs (Audit) Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Tangible assets

5

91,033

126,889

CURRENT ASSETS

Stocks

113,131

373,104

Debtors

6

708,740

1,627,299

Cash at bank

2,317,501

2,623,027

3,139,372

4,623,430

CREDITORS

Amounts falling due within one year

7

1,029,777

2,524,643

NET CURRENT ASSETS

2,109,595

2,098,787

TOTAL ASSETS LESS CURRENT LIABILITIES

2,200,628

2,225,676

PROVISIONS FOR LIABILITIES

15,865

22,391

NET ASSETS

2,184,763

2,203,285

CAPITAL AND RESERVES

Called up share capital

8

100,000

100,000

Retained earnings

2,084,763

2,103,285

SHAREHOLDERS' FUNDS

2,184,763

2,203,285

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 12 March 2026 and were signed on its behalf by:

Mr C Dallago - Director

1.	STATUTORY INFORMATION

Dalmec 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 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.

Significant judgements and estimates

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities and at the balance sheet date and the amounts reported for turnover and expenses during the year. However, the nature of estimation means that the outcomes could differ from those estimates such as accruals of expenses at the year end.

The company estimates the net realisable value of stock at the end of the reporting period taking into account the age profile of stock and expected demand from customers. The company has made a provision against this balance as required.

Turnover

Turnover includes revenue earned from the provision of goods and services to customers during the year, excluding value added tax, and 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 in respect of the sales of machines and consumables is recognised on delivery of the goods to the customer. Revenue in respect of the provision of services, such as repairs and maintenance, is recognised when the work is carried out.

Tangible fixed assets

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

Short leasehold

-

Over the remaining term of the lease

Plant and machinery

-

25% straight line

Fixtures and fittings

-

25% straight line

Motor vehicles

-

25% straight line and 20% straight line

Computer equipment

-

at varying rates on cost

All fixed assets are initially recorded at cost.

Stocks

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

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.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension schemes. Contributions payable to the pension scheme are charged to the income statement in the period to which they relate.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2025

54,884

80,436

39,858

Additions

-

5,851

-

Disposals

-

-

-

At 31 December 2025

54,884

86,287

39,858

DEPRECIATION

At 1 January 2025

54,884

54,442

39,858

Charge for year

-

9,768

-

Eliminated on disposal

-

-

-

At 31 December 2025

54,884

64,210

39,858

NET BOOK VALUE

At 31 December 2025

-

22,077

-

At 31 December 2024

-

25,994

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

237,517

88,160

500,855

Additions

-

9,711

15,562

Disposals

(69,040

)

-

(69,040

)

At 31 December 2025

168,477

97,871

447,377

DEPRECIATION

At 1 January 2025

149,798

74,984

373,966

Charge for year

36,581

5,069

51,418

Eliminated on disposal

(69,040

)

-

(69,040

)

At 31 December 2025

117,339

80,053

356,344

NET BOOK VALUE

At 31 December 2025

51,138

17,818

91,033

At 31 December 2024

87,719

13,176

126,889

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

566,942

1,518,306

Other debtors

141,798

108,993

708,740

1,627,299

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

39,744

165,640

Amounts owed to group undertakings

-

332,922

Taxation and social security

368,707

558,085

Other creditors

621,326

1,467,996

1,029,777

2,524,643

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,000

Ordinary

£1

100,000

100,000

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

The Report of the Auditors was unqualified.

Ross Garfitt (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

10.	OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amount to £77,741 (2024: £72,132). This amount is payable over the next 4 years (2024: 3 years).

Total rental lease on premises which are not included in the balance sheet amount to £628,792 (2024: £nil). This amount is payable over the next 9 years (2024: nil years).

11.	RELATED PARTY DISCLOSURES

Dalmec S.p.A

The ultimate parent company.

During the year, Dalmec S.p.A invoiced the company £1,862,182 (2024: £1,797,357) in respect of machines and consumables purchased.

The largest and smallest group which includes the company and for which group financial statements are prepared is Dalmec S.p.A. Group accounts will be available at the registered office address for Dalmec S.p.A, 38023 CLES (Trento) - Italy Via Gramsci, 2.