BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company was that of metal treatment, coating and finishing. 12 May 2025 0 0 NI042958 2024-08-31 NI042958 2023-08-31 NI042958 2022-08-31 NI042958 2023-09-01 2024-08-31 NI042958 2022-09-01 2023-08-31 NI042958 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI042958 uk-curr:PoundSterling 2023-09-01 2024-08-31 NI042958 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI042958 uk-bus:FullAccounts 2023-09-01 2024-08-31 NI042958 uk-core:ShareCapital 2024-08-31 NI042958 uk-core:ShareCapital 2023-08-31 NI042958 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI042958 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI042958 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 NI042958 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI042958 uk-bus:FRS102 2023-09-01 2024-08-31 NI042958 uk-core:Land 2023-09-01 2024-08-31 NI042958 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI042958 uk-core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 NI042958 uk-core:MotorVehicles 2023-09-01 2024-08-31 NI042958 uk-bus:Audited 2023-09-01 2024-08-31 NI042958 uk-core:CurrentFinancialInstruments 2024-08-31 NI042958 uk-core:CurrentFinancialInstruments 2023-08-31 NI042958 uk-core:CurrentFinancialInstruments 2024-08-31 NI042958 uk-core:CurrentFinancialInstruments 2023-08-31 NI042958 uk-core:WithinOneYear 2024-08-31 NI042958 uk-core:WithinOneYear 2023-08-31 NI042958 uk-core:WithinOneYear 2024-08-31 NI042958 uk-core:WithinOneYear 2023-08-31 NI042958 uk-core:AfterOneYear 2024-08-31 NI042958 uk-core:AfterOneYear 2023-08-31 NI042958 uk-core:BetweenOneFiveYears 2024-08-31 NI042958 uk-core:BetweenOneFiveYears 2023-08-31 NI042958 uk-core:EmployeeBenefits 2023-08-31 NI042958 uk-core:EmployeeBenefits 2023-09-01 2024-08-31 NI042958 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 NI042958 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-08-31 NI042958 uk-core:OtherDeferredTax 2024-08-31 NI042958 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-08-31 NI042958 uk-core:EmployeeBenefits 2024-08-31 NI042958 uk-core:ParentEntities 2023-09-01 2024-08-31 NI042958 2023-09-01 2024-08-31 NI042958 uk-bus:Director1 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI042958
 
 
Aerospace Metal Finishers Limited
 
Financial Statements
 
for the financial year ended 31 August 2024
Aerospace Metal Finishers Limited
Company Registration Number: NI042958
BALANCE SHEET
as at 31 August 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 268,609 258,606
───────── ─────────
 
Current Assets
Stocks 6 502,120 252,084
Debtors 7 2,330,061 1,066,562
Cash and cash equivalents 276,551 502,012
───────── ─────────
3,108,732 1,820,658
───────── ─────────
Creditors: amounts falling due within one year 8 (741,575) (684,376)
───────── ─────────
Net Current Assets 2,367,157 1,136,282
───────── ─────────
Total Assets less Current Liabilities 2,635,766 1,394,888
 
Creditors:
amounts falling due after more than one year 9 - (2,423)
 
Provisions for liabilities 11 (13,480) -
───────── ─────────
Net Assets 2,622,286 1,392,465
═════════ ═════════
 
Capital and Reserves
Called up share capital 10,000 10,000
Retained earnings 2,612,286 1,382,465
───────── ─────────
Equity attributable to owners of the company 2,622,286 1,392,465
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
Approved by the Director and authorised for issue on 12 May 2025
           
           
________________________________          
Mr N.P. Hicklin          
Director          
           



Aerospace Metal Finishers Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024

   
1. General Information
 
Aerospace Metal Finishers Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI042958. The registered office of the company is Unit 3, 11 Paradise Avenue, Ballymena, Antrim, BT42 3AE, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2014. The following accounting policies have been applied. Going Concern The Director of Aerospace Metal Finishers Limited has reviewed the appropriateness of the going concern assumption and consider that the company has sufficient resources available to enable it to continue to meet its ongoing obligations for at least a period of 12 months from the date of approval of the financial statements. The company‘s current financial performance and forecasts to 31 August 2026, after taking into account changes in trading performance, show that the company continues to be cash generative. Accordingly, the Director believes that it is appropriate to continue to adopt the going concern basis in preparing the financial statements.
 
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Turnover from a contract is measured as the fair value of any consideration received or receivable, excluding discounts, value added taxes and other sales taxes.

Rendering of services
Turnover from a contract to provide metal finishing 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 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
 
Research and development
Research expenditure is written off to the Profit and Loss Account in the year in which it is incurred. Development expenditure is written off in the same way unless 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.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long-term leasehold property - 10% on reducing balance basis
  Plant and machinery - 20% on reducing balance basis
  Fixtures, fittings and equipment - 20% on straight line basis
  Motor vehicles - 25% on reducing balance basis
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.

The preference shares of the company are presented as debt.
   
3. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by PGR Accountants Limited.
The Auditor's Report was signed by Jonathan McNeill (Senior Statutory Auditor) for and on behalf of PGR Accountants Limited on 12th May 2025.
 
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 53 (2023: 52).
             
5. Tangible assets
  Long-term Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 September 2023 242,554 1,817,925 32,361 44,480 2,137,320
Additions - 39,936 11,015 - 50,951
  ───────── ───────── ───────── ───────── ─────────
At 31 August 2024 242,554 1,857,861 43,376 44,480 2,188,271
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 September 2023 146,065 1,689,663 27,000 15,986 1,878,714
Charge for the financial year 9,649 21,958 2,217 7,124 40,948
  ───────── ───────── ───────── ───────── ─────────
At 31 August 2024 155,714 1,711,621 29,217 23,110 1,919,662
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 August 2024 86,840 146,240 14,159 21,370 268,609
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 August 2023 96,489 128,262 5,361 28,494 258,606
  ═════════ ═════════ ═════════ ═════════ ═════════
 
The net book value of Long-term leasehold property and Plant & machinery assets held under finance leases or hire purchase contracts, included above, amounts to £0 and £31,182 respectively (2023: Long term leasehold NBV £74,349 and plant & machinery NBV £6,911).
       
6. Stocks 2024 2023
  £ £
 
Raw materials 101,035 70,441
Work in progress 401,085 181,643
  ───────── ─────────
  502,120 252,084
  ═════════ ═════════
       
7. Debtors 2024 2023
  £ £
 
Trade debtors 1,600,602 346,293
Amounts owed by group undertakings 699,918 682,409
Prepayments and accrued income 29,541 37,860
  ───────── ─────────
  2,330,061 1,066,562
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts 2,423 28,780
Trade creditors 273,003 127,199
Amounts owed to group undertakings 33,300 -
Taxation  (Note 10) 394,392 149,365
Shares classified as financial liabilities - 332,500
Other creditors 7,976 6,919
Accruals 30,481 39,613
  ───────── ─────────
  741,575 684,376
  ═════════ ═════════
 
Security in respect of the bank overdraft facility is provided by way of floating charge over the assets and book debts of the company.
       
9. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts - 2,423
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 2,423 28,780
Repayable between one and five years - 2,423
  ───────── ─────────
  2,423 31,203
  ═════════ ═════════
       
10. Taxation 2024 2023
  £ £
 
Creditors:
VAT 259,789 117,413
Corporation tax 98,263 -
PAYE / NI 36,340 31,952
  ───────── ─────────
  394,392 149,365
  ═════════ ═════════
         
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Other Total Total
  differences    
       
    2024 2023
  £ £ £
 
At financial year start - - -
Charged to profit and loss 13,480 13,480 -
  ───────── ───────── ─────────
At financial year end 13,480 13,480 -
  ═════════ ═════════ ═════════
       
12. Share capital
 
Shares classified as equity

Allotted, called up and fully paid
 
  2024 2023
  £ £
 
Ordinary shares of £1.00 each 10,000 10,000
Preference shares of £1.00 each - 332,500
  ───────── ─────────
  10,000 342,500
  ═════════ ═════════
       
13. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 August 2024.
           
14. Related party transactions
 
The company is a wholly owned subsidiary of Dontaur Engineering Limited, a company incorporated in Northern Ireland. NPH Holdings (NI) Limited is the parent entity of the group of which the company is a member.

Advantage has been taken of the exemption under FRS 102 Section 33.1A not to disclose transactions between wholly owned members of the same group.
   
15. Parent company
 
The company regards NPH Holdings (N.I.) Ltd as its parent company.
 
   
16. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.
       
17. Auditors' remuneration 2024 2023
  £ £
 
Fees payable to the Company's auditor 6,500 6,500
  ═════════ ═════════