ACCOUNTS - Final Accounts preparation

Company Registration Number: 03847220

ADVANCED ACTUATORS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

ADVANCED ACTUATORS LIMITED

REGISTERED NUMBER: 03847220

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	5		102,663		30,442
Tangible assets	6		227,448		171,675
Investments	7		1		1
			330,112		202,118
Current assets
Stocks	8	1,064,214		555,693
Debtors: amounts falling due within one year	9	1,602,178		3,374,933
Cash at bank and in hand		1,484,798		72,879
		4,151,190		4,003,505
Creditors: amounts falling due within one year	10	(2,226,264)		(2,335,404)
Net current assets			1,924,926		1,668,101
Total assets less current liabilities			2,255,038		1,870,219
Creditors: amounts falling due after more than one year	11		-		(10,000)
Provisions for liabilities
Deferred tax	12	(31,850)		(16,345)
			(31,850)		(16,345)
Net assets			2,223,188		1,843,874

Capital and reserves
Called up share capital	13	100	100
Profit and loss account		2,223,088	1,843,774
		2,223,188	1,843,874

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ADVANCED ACTUATORS LIMITED

REGISTERED NUMBER: 03847220

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 comprehensive income 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 on 14 October 2026.

L A Peace

Director

The notes on pages 4 to 14 form part of these financial statements.

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ADVANCED ACTUATORS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 JANUARY 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2024	100	3,082,920	3,083,020

Profit for the year	-	322,129	322,129
Dividends: Equity capital	-	(1,561,275)	(1,561,275)

At 1 February 2025	100	1,843,774	1,843,874

Profit for the period	-	595,841	595,841
Dividends: Equity capital	-	(216,527)	(216,527)
At 31 January 2026	100	2,223,088	2,223,188

The notes on pages 4 to 14 form part of these financial statements.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

1.	General information

Advanced Actuators Limited is a private company limited by shares, incorporated and domiciled in the United Kingdom. It trades from its registered office at Unit 4 Ryefield Way, Silsden, West Yorkshire, BD20 0EF. The Company changed its accounting period during the year from 31 March 2026 to 31 January 2026. These financial statements are prepared for the 10 month period ended 31 January 2026.

The principal activity of the Company is the manufacture of actuators.

These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis as the directors believe that the company has adequate resources to continue in operational existence and they are not aware of any events or conditions that may significantly affect the ability of the Company to continue in operational existence for the foreseeable future. The directors have considered a period in excess of twelve months from the date of approval of the financial statements in making their assessment.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Revenue

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 when all of the following conditions are 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.10

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Licenses

years

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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 or the reducing balance method as detailed below.

Depreciation is provided on the following basis:

Leasehold improvements	-	33%	Straight line
Plant and machinery	-	15%	Reducing balance
Motor vehicles	-	25%	Straight line
Fixtures and fittings	-	15%	Reducing balance
Office equipment	-	33%	Straight line

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.

2.13

Valuation of investments

Investments in associates are measured at cost less accumulated impairment.

2.14

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

2.15

Debtors

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

2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.17

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 method.

2.18

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 banks and other
third parties, loans to related parties and investments in ordinary shares.

2.19

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.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

The directors consider the key accounting estimates to be provision for trade debtors and provision for obsolete stock.

Provisions for trade debtors are reviewed by the directors on an ongoing basis who use their specific industry knowledge and experience to ensure the correct judgements.

Provisions for obsolete stock are reviewed by the directors on an ongoing basis who use their specific industry knowledge and experience to ensure the correct judgements.

Employees

The average monthly number of employees, including directors, during the period was 32 (2025 - 26).

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

5.	Intangible assets

		Licenses
		£
	Cost
	At 1 February 2025	32,591
	Additions	76,754
	At 31 January 2026	109,345
	Amortisation
	At 1 February 2025	2,149
	Charge for the period on owned assets	4,533
	At 31 January 2026	6,682
	Net book value
	At 31 January 2026	102,663
	At 31 January 2025	30,442

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		ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2026

	6.	Tangible fixed assets

	Leasehold improvements	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 February 2025	-	247,889	61,575	73,552	175,284	558,300
Additions	80,184	13,853	-	125	4,230	98,392
Disposals	-	-	(23,138)	-	-	(23,138)
At 31 January 2026	80,184	261,742	38,437	73,677	179,514	633,554
Depreciation
At 1 February 2025	-	142,480	40,020	66,005	138,120	386,625
Charge for the period on owned assets	385	14,103	9,215	943	15,563	40,209
Disposals	-	-	(20,728)	-	-	(20,728)
At 31 January 2026	385	156,583	28,507	66,948	153,683	406,106
Net book value
At 31 January 2026	79,799	105,159	9,930	6,729	25,831	227,448
At 31 January 2025	-	105,409	21,555	7,547	37,164	171,675

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

7.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	At 1 February 2025	58,000
	At 31 January 2026	58,000
	Impairment
	At 1 February 2025	57,999
	At 31 January 2026	57,999
	Net book value
	At 31 January 2026	1
	At 31 January 2025	1

The investment above relates to interest held in S.I. R&D LLP. The investment was written down in 2024 and S.I. R&D LLP was dissolved after the year end on 23 June 2026.

8.	Stocks
		2026	2025
		£	£

Finished goods and goods for resale	1,064,214	555,693
	1,064,214	555,693

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ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

Debtors

					2026	2025
					£	£


Trade debtors	808,506	2,784,457
Amounts owed by group undertakings	626,463	461,184
Other debtors	75,875	13,835
Prepayments	91,334	115,457
	1,602,178	3,374,933

10.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	-	10,000
Trade creditors	794,192	868,268
Amounts owed to group undertakings	53,717	61,577
Corporation tax	164,116	-
Other taxation and social security	35,168	35,090
Other creditors	6,402	7,901
Accruals and deferred income	1,172,669	1,352,568
	2,226,264	2,335,404

Bank loans are secured by way of debenture over the assets held by the Company.

Amounts owed to group undertakings are repayable on demand with no interest accrued on amounts due.

11.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	-	10,000
	-	10,000

Bank loans are secured by way of debenture over the assets held by the Company.

Page 12

ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

12.	Deferred taxation

		2026
		£

	At beginning of period	16,345
	Charged to profit or loss	15,505
	At end of period	31,850

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

	Accelerated capital allowances	31,850	16,345
		31,850	16,345

13.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

10,000 (2025 - 10,000) Ordinary shares of £0.01 each	100	100

14.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge for the period/year represents contributions payable by the company to the scheme and amounted to £18,813 (2025 - £35,484). Contributions totalling £4,864 (2025 - £4,256) were payable to the funds at the balance sheet date and are included in creditors.

15.	Related party transactions
	The company has taken advantage of the exemption contained in Section 33 of Financial Reporting Standard 102 'Related Party Disclosures' from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the company are controlled within the group.

16.	Controlling party

The immediate parent undertaking is Advanced Engineering Group Holdings Limited, a company incorporated and registered in England and Wales.

The directors deem there to be no ultimate controlling party.

Page 13

ADVANCED ACTUATORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

17.	Auditors' information

The auditors' report on the financial statements for the period ended 31 January 2026 was unqualified.

The audit report was signed on 14 October 2026 by Rohan Day (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

Page 14