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REGISTERED NUMBER: 02753977 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Eccles (UK Foundries FE) Limited

Eccles (UK Foundries FE) Limited (Registered number: 02753977)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Eccles (UK Foundries FE) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs A Eccles
A Eccles
Mrs J Thompson
R Thompson





SECRETARY: Mrs A Eccles





REGISTERED OFFICE: Portland Street
Walsall
West Midlands
WS2 8AA





REGISTERED NUMBER: 02753977 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Eccles (UK Foundries FE) Limited (Registered number: 02753977)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 217,730 166,123
Investments 6 75 -
217,805 166,123

CURRENT ASSETS
Stocks 2,147,778 2,935,312
Debtors 7 2,324,062 2,150,971
Cash at bank and in hand 962,699 337,102
5,434,539 5,423,385
CREDITORS
Amounts falling due within one year 8 (528,579 ) (619,719 )
NET CURRENT ASSETS 4,905,960 4,803,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,123,765

4,969,789

CREDITORS
Amounts falling due after more than one
year

9

(21,734

)

-

PROVISIONS FOR LIABILITIES (30,609 ) (10,285 )
NET ASSETS 5,071,422 4,959,504

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 5,071,322 4,959,404
SHAREHOLDERS' FUNDS 5,071,422 4,959,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Eccles (UK Foundries FE) Limited (Registered number: 02753977)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





A Eccles - Director


Eccles (UK Foundries FE) Limited (Registered number: 02753977)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Eccles (UK Foundries FE) 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised 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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Eccles (UK Foundries FE) Limited (Registered number: 02753977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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
Expenditure on research is written off in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

Eccles (UK Foundries FE) Limited (Registered number: 02753977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Patents
£   
COST
At 1 January 2023 2,000
Disposals (2,000 )
At 31 December 2023 -
AMORTISATION
At 1 January 2023 2,000
Eliminated on disposal (2,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 286,430 16,294 216,097 25,517 544,338
Additions 31,838 - 80,713 6,033 118,584
Disposals - - (66,705 ) - (66,705 )
At 31 December 2023 318,268 16,294 230,105 31,550 596,217
DEPRECIATION
At 1 January 2023 241,192 11,672 104,188 21,163 378,215
Charge for year 13,990 1,155 37,729 1,214 54,088
Eliminated on disposal - - (53,816 ) - (53,816 )
At 31 December 2023 255,182 12,827 88,101 22,377 378,487
NET BOOK VALUE
At 31 December 2023 63,086 3,467 142,004 9,173 217,730
At 31 December 2022 45,238 4,622 111,909 4,354 166,123

Eccles (UK Foundries FE) Limited (Registered number: 02753977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 80,713
At 31 December 2023 80,713
DEPRECIATION
Charge for year 10,992
At 31 December 2023 10,992
NET BOOK VALUE
At 31 December 2023 69,721

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 75
At 31 December 2023 75
NET BOOK VALUE
At 31 December 2023 75

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,415,203 1,603,063
Other debtors 908,859 547,908
2,324,062 2,150,971

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 14,577 -
Trade creditors 191,525 149,150
Taxation and social security 211,847 369,337
Other creditors 110,630 101,232
528,579 619,719

Included within other creditors is £2,213 (2022 - £1,901) in relation to pension contributions.

Eccles (UK Foundries FE) Limited (Registered number: 02753977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 21,734 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 14,577 -
Between one and five years 21,734 -
36,311 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 23,500 23,500

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25 'A' Ordinary £1 25 25
25 'B' Ordinary £1 25 25
14 'C' Ordinary £1 14 14
12 'D' Ordinary £1 12 12
20 'E' Ordinary £1 20 20
4 'F' Ordinary £1 4 4
100 100

The 'A', 'B', 'C', 'D', 'E' and 'F' Ordinary shares rank pari passu in all respects except that:

a) The shares are separate classes of shares for the purpose of declaring dividends on a discretionary basis on each class of share.

b) Each class of share is subject to the rights and restrictions set out in the Articles of Association covering the transfer of shares.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Eccles (UK Foundries FE) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eccles (UK Foundries FE) Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Eccles (UK Foundries FE) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eccles (UK Foundries FE) Limited and state those matters that we have agreed to state to the Board of Directors of Eccles (UK Foundries FE) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eccles (UK Foundries FE) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eccles (UK Foundries FE) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eccles (UK Foundries FE) Limited. You consider that Eccles (UK Foundries FE) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eccles (UK Foundries FE) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


25 March 2024