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REGISTERED NUMBER: 04451464 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| Page |

Statement of Financial Position | 1 |  | to |  | 2

Notes to the Financial Statements | 3 |  | to |  | 7

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2024

| 30.9.24 |  | 30.9.23

| Notes | £ | £ |

FIXED ASSETS

Property, plant and equipment | 5 | 6,129 |  | 7,122 |  |

CURRENT ASSETS

Debtors | 6 | 59,054 |  | 25,373 |  |

Cash at bank | 28,938 |  | 122,594 |  |

87,992 |  | 147,967 |  |

CREDITORS

Amounts falling due within one year | 7 | (16,589 | ) | (39,359 | ) |

NET CURRENT ASSETS | 71,403 |  | 108,608 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 77,532 |  | 115,730 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (4,501 | ) | (8,599 | ) |

NET ASSETS | 73,031 |  | 107,131 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 73,029 |  | 107,129 |  |

SHAREHOLDERS' FUNDS | 73,031 |  | 107,131 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

STATEMENT OF FINANCIAL POSITION - continued

30 SEPTEMBER 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 Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:

D J Whitney - Director

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| STAFFORDSHIRE REFRACTORY SERVICES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 04451464

| Registered office: | Unit 4 Florida Close

| Hot Lane Industrial Estate

| Burslem

| Stoke on Trent

| Staffordshire

| ST6 2DJ

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 as modified by the revaluation of certain assets.

| The financial statements are prepared in sterling, which is the functional currency of the entity.

| JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| (i) Estimated useful lives and residual values of fixed assets

| Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. | ACCOUNTING POLICIES - continued

| REVENUE RECOGNITION

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

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Revenue from the rendering of services is recognised by reference to the stage of completion at the balance sheet date; the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off the valuation or cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery |  | - 15% on reducing balance |  |

| Computer equipment |  | - 33% on reducing balance |  |

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

| Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. | ACCOUNTING POLICIES - continued

| FINANCIAL INSTRUMENTS

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

| Debt instruments are subsequently measured at amortised cost.

| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

| Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| CORPORATION TAX

| The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. | ACCOUNTING POLICIES - continued

| HIRE PURCHASE AND LEASING COMMITMENTS

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

| IMPAIRMENT OF FIXED ASSETS

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

| For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

| For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

5. | PROPERTY, PLANT AND EQUIPMENT

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 October 2023

| and 30 September 2024 | 9,950 |  | 517 |  | 10,467 |  |

| DEPRECIATION

| At 1 October 2023 | 2,914 |  | 431 |  | 3,345 |  |

| Charge for year | 965 |  | 28 |  | 993 |  |

| At 30 September 2024 | 3,879 |  | 459 |  | 4,338 |  |

| NET BOOK VALUE

| At 30 September 2024 | 6,071 |  | 58 |  | 6,129 |  |

| At 30 September 2023 | 7,036 |  | 86 |  | 7,122 |  |

STAFFORDSHIRE REFRACTORY SERVICES

LIMITED (REGISTERED NUMBER: 04451464)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | - |  | 12,758 |  |

| Other debtors | 42,964 |  | 7,964 |  |

| Directors' current accounts | 4,625 |  | 670 |  |

| Tax | 4,748 |  | 392 |  |

| VAT | 2,227 |  | - |  |

| Prepayments | 4,490 |  | 3,589 |  |

59,054 |  | 25,373 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans and overdrafts | 3,835 |  | 3,734 |  |

| Trade creditors | 3,143 |  | 2,611 |  |

| Tax | - |  | 12,011 |  |

| Social security and other taxes | 660 |  | 500 |  |

| VAT | - |  | 18,802 |  |

| Other creditors | 1 |  | 1 |  |

| Directors' current accounts | 7,000 |  | - |  |

| Accrued expenses | 1,950 |  | 1,700 |  |

16,589 |  | 39,359 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans - 1-2 years | 4,501 |  | 3,829 |  |

| Bank loans - 2-5 years | - |  | 4,770 |  |

4,501 |  | 8,599 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| By virtue of the loan accounts, a liability to taxation exists under S455 CTA 2010 in the sum of which £1,561 will be repaid or discharged when the loans are repaid. The loans are expected to be repaid within nine months of the year end and, as such, no provision for the taxation has been made.

10. | RELATED PARTY DISCLOSURES

| Except for as disclosed in note 10, all other transactions undertaken with directors are deemed to be conducted under normal market conditions and / or are not material.

11. | POST BALANCE SHEET EVENTS

| There were no significant events up to the date of approval of the financial statements by the Board.