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REGISTERED NUMBER: 03622385 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TELFORD SHEET METAL LIMITED

TELFORD SHEET METAL LIMITED (REGISTERED NUMBER: 03622385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TELFORD SHEET METAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: J Wright





SECRETARY: Mrs J C Wright





REGISTERED OFFICE: Unit C4 - D4
Halesfield 23
Telford
Shropshire
TF7 4NY





REGISTERED NUMBER: 03622385 (England and Wales)





ACCOUNTANTS: Grindrod & Company Limited
Salisbury House
11 Queen Street
Wellington
Telford
Shropshire
TF1 1EH

TELFORD SHEET METAL LIMITED (REGISTERED NUMBER: 03622385)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 15,310 17,497

CURRENT ASSETS
Stocks 105,000 85,892
Debtors 5 105,133 97,083
Cash at bank 179,907 180,302
390,040 363,277
CREDITORS
Amounts falling due within one year 6 35,254 41,940
NET CURRENT ASSETS 354,786 321,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,096

338,834

PROVISIONS FOR LIABILITIES 3,827 3,324
NET ASSETS 366,269 335,510

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 366,268 335,509
SHAREHOLDERS' FUNDS 366,269 335,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TELFORD SHEET METAL LIMITED (REGISTERED NUMBER: 03622385)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





J Wright - Director


TELFORD SHEET METAL LIMITED (REGISTERED NUMBER: 03622385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Telford Sheet Metal 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.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or 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 actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 12.5% on 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TELFORD SHEET METAL LIMITED (REGISTERED NUMBER: 03622385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 76,381
DEPRECIATION
At 1 September 2023 58,884
Charge for year 2,187
At 31 August 2024 61,071
NET BOOK VALUE
At 31 August 2024 15,310
At 31 August 2023 17,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,012 84,195
Other debtors 9,121 12,888
105,133 97,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,561 26,707
Taxation and social security 12,144 10,942
Other creditors 1,549 4,291
35,254 41,940

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2023 - £7,100) were paid to the director .

TELFORD SHEET METAL LIMITED (REGISTERED NUMBER: 03622385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. RELATED PARTY DISCLOSURES - continued

The sole director and shareholder, Mr J Wright, is also the sole director and shareholder of Telcoat Limited, a company incorporated in England and Wales. During the period, Telcoat Limited has recharged property costs and fixed asset rental charges to a value of £72,000 (2023: £72,000). This transaction was undertaken on normal commercial terms.

The sole director and shareholder, Mr J Wright, is also the sole director and shareholder of Mistral Energy Products Limited, a company incorporated in England and Wales. During the period Telford Sheet Metal Limited has sold direct materials to Mistral Energy Products Limited to a value of £483,505 (2023: £486,852). These transactions have been undertaken on normal commercial terms.