IRIS Accounts Production v25.1.4.42 03786163 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037861632024-03-31037861632025-03-31037861632024-04-012025-03-31037861632023-03-31037861632023-04-012024-03-31037861632024-03-3103786163ns15:EnglandWales2024-04-012025-03-3103786163ns14:PoundSterling2024-04-012025-03-3103786163ns10:Director12024-04-012025-03-3103786163ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3103786163ns10:SmallEntities2024-04-012025-03-3103786163ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3103786163ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3103786163ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3103786163ns10:FullAccounts2024-04-012025-03-3103786163ns10:RegisteredOffice2024-04-012025-03-3103786163ns5:CurrentFinancialInstruments2025-03-3103786163ns5:CurrentFinancialInstruments2024-03-3103786163ns5:ShareCapital2025-03-3103786163ns5:ShareCapital2024-03-3103786163ns5:RetainedEarningsAccumulatedLosses2025-03-3103786163ns5:RetainedEarningsAccumulatedLosses2024-03-3103786163ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-04-012025-03-3103786163ns5:PlantMachinery2024-04-012025-03-3103786163ns5:FurnitureFittings2024-04-012025-03-3103786163ns5:MotorVehicles2024-04-012025-03-3103786163ns5:ComputerEquipment2024-04-012025-03-3103786163ns5:LandBuildings2024-03-3103786163ns5:PlantMachinery2024-03-3103786163ns5:FurnitureFittings2024-03-3103786163ns5:LandBuildings2024-04-012025-03-3103786163ns5:LandBuildings2025-03-3103786163ns5:PlantMachinery2025-03-3103786163ns5:FurnitureFittings2025-03-3103786163ns5:LandBuildings2024-03-3103786163ns5:PlantMachinery2024-03-3103786163ns5:FurnitureFittings2024-03-3103786163ns5:MotorVehicles2024-03-3103786163ns5:ComputerEquipment2024-03-3103786163ns5:MotorVehicles2025-03-3103786163ns5:ComputerEquipment2025-03-3103786163ns5:MotorVehicles2024-03-3103786163ns5:ComputerEquipment2024-03-3103786163ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3103786163ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103786163ns5:DeferredTaxation2024-03-3103786163ns5:DeferredTaxation2024-04-012025-03-3103786163ns5:DeferredTaxation2025-03-31
REGISTERED NUMBER: 03786163 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRESSFAB ENGINEERING LIMITED

PRESSFAB ENGINEERING LIMITED (REGISTERED NUMBER: 03786163)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESSFAB ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2025







DIRECTOR: Mr N L Colclough





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Unit 3
Commerce Way
Flitwick Industrial Estate
FLITWICK
Beds
MK45 5BG





REGISTERED NUMBER: 03786163 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

PRESSFAB ENGINEERING LIMITED (REGISTERED NUMBER: 03786163)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,029,484 994,419

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 5 3,164,949 2,404,597
Cash at bank 939,395 827,923
4,129,344 3,257,520
CREDITORS
Amounts falling due within one year 6 885,429 233,569
NET CURRENT ASSETS 3,243,915 3,023,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,273,399

4,018,370

PROVISIONS FOR LIABILITIES 7 117,872 142,970
NET ASSETS 4,155,527 3,875,400

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,155,427 3,875,300
SHAREHOLDERS' FUNDS 4,155,527 3,875,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PRESSFAB ENGINEERING LIMITED (REGISTERED NUMBER: 03786163)

BALANCE SHEET - continued
31 MARCH 2025


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 18 July 2025 and were signed by:





Mr N L Colclough - Director


PRESSFAB ENGINEERING LIMITED (REGISTERED NUMBER: 03786163)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2025

1. STATUTORY INFORMATION

Pressfab Engineering 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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 balance sheet date.

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.

PRESSFAB ENGINEERING LIMITED (REGISTERED NUMBER: 03786163)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2025

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.

Debtor
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.

Creditors
Short term trade 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.

Grant income
Grant income is recognised on the performance model. Where there are no future performance related conditions, income is recognised when the grants are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 639,815 2,198,943 127,649
Additions - - 13,087
Disposals - - -
At 31 March 2025 639,815 2,198,943 140,736
DEPRECIATION
At 1 April 2024 231,322 1,763,752 115,371
Charge for year 8,170 65,279 8,370
Eliminated on disposal - - -
At 31 March 2025 239,492 1,829,031 123,741
NET BOOK VALUE
At 31 March 2025 400,323 369,912 16,995
At 31 March 2024 408,493 435,191 12,278

PRESSFAB ENGINEERING LIMITED (REGISTERED NUMBER: 03786163)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 218,252 95,647 3,280,306
Additions 237,363 3,917 254,367
Disposals (69,888 ) (2,855 ) (72,743 )
At 31 March 2025 385,727 96,709 3,461,930
DEPRECIATION
At 1 April 2024 89,532 85,910 2,285,887
Charge for year 78,417 5,698 165,934
Eliminated on disposal (17,472 ) (1,903 ) (19,375 )
At 31 March 2025 150,477 89,705 2,432,446
NET BOOK VALUE
At 31 March 2025 235,250 7,004 1,029,484
At 31 March 2024 128,720 9,737 994,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 418,585 540,716
Other debtors 68,500 135,000
Flitwick Helicopters Loan 2,674,476 1,725,729
Prepayments and accrued income 3,388 3,152
3,164,949 2,404,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 226,333 132,913
Corporation tax 143,027 -
Taxation and social security 19,534 18,673
Pension 3,065 2,762
VAT 26,426 17,551
Other creditors 7,619 52,007
Directors' loan accounts 53,875 713
Accrued expenses 405,550 8,950
885,429 233,569

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 117,872 142,970

PRESSFAB ENGINEERING LIMITED (REGISTERED NUMBER: 03786163)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2025

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 142,970
Provided during year (25,098 )
Balance at 31 March 2025 117,872