| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period |
| 30 April 2024 to 30 April 2025 |
| for |
| R. TINDALL (FABRICATORS) HOLDINGS LTD |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Period |
| 30 April 2024 to 30 April 2025 |
| for |
| R. TINDALL (FABRICATORS) HOLDINGS LTD |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Contents of the Financial Statements |
| For The Period 30 April 2024 to 30 April 2025 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| R. TINDALL (FABRICATORS) HOLDINGS LTD |
| Company Information |
| For The Period 30 April 2024 to 30 April 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 8 Eastway |
| Sale |
| Cheshire |
| M33 4DX |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Abridged Balance Sheet |
| 30 April 2025 |
| 30.4.25 | 29.4.24 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve |
| Capital redemption reserve |
| Capital contribution reserve |
| Merger relief reserve | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Abridged Balance Sheet - continued |
| 30 April 2025 |
| The financial statements were approved by the director and authorised for issue on |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Notes to the Financial Statements |
| For The Period 30 April 2024 to 30 April 2025 |
| 1. | STATUTORY INFORMATION |
| R. Tindall (Fabricators) Holdings Ltd is a |
| 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 the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain property, plant and equipment measured at fair value, as described in the accounting policies set out below. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover is recognised in respect of sales of scrap metal to the extent that it is probable (i.e. more likely than not) that the economic benefits will flow to the company and the amount of revenue can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable and excludes discounts and VAT. |
| Turnover is recognised on dispatch of the goods to the customer. This is when management have determined that the company transfers the significant risks and rewards of ownership of the material to the customer. The company retains legal title until the customer pays, but this does not constitute a retention of the significant risks and rewards of ownership. |
| Rental income |
| Rental income is recognised on a receivables basis in accordance with the tenants contractual terms. Unpaid amounts of rents are recognised as debtors at the balance sheet date. |
| Dividend income |
| Dividend income is recognised when the company's right to receive the dividend has been established (ie upon satisfactory declaration of the dividend and satisfactory dividend documentation drawn up). This may be before the dividend has been received. |
| Tangible fixed assets |
| Plant and machinery | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs which are directly attributable in bringing the asset to its location and condition so that it is capable of operating in the manner intended by management. |
| Profits and losses on the disposal of fixed assets are included in the calculation of profit for the year. |
| Impairment of tangible fixed assets |
| The directors assess the company's tangible assets for evidence of impairment at each reporting date. Where there are indicators of impairment, the directors calculate recoverable amount of the asset(s) and compare this with the carrying amount. If recoverable amount is lower than carrying amount, the asset is written down to recoverable amount by way of an impairment loss which is recognised in profit or loss for the year. Impairment losses are reversed when there is evidence that the reasons giving rise to the original impairment loss have ceased to apply. Impairment losses are reversed through profit and loss, but only to the extent that the reversal does not increase the carrying amount of the asset to the amount which would have been stated, net of depreciation, had no impairment loss been recognised. |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Notes to the Financial Statements - continued |
| For The Period 30 April 2024 to 30 April 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Investment property |
| Investment property is recorded at fair value at each reporting date with fair value gains and losses being recorded in the profit and loss account. Deferred tax consequences in respect of fair value adjustments on investment property are also recorded in profit and loss account. Gains, net of deferred tax, are non-distributable and are presented in a separate component of equity in the balance sheet. |
| Financial instruments |
| The company has elected to apply (where applicable) the provisions of FRS 102, Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' to all of its financial instruments. |
| Basic financial instruments |
| A basic financial asset or 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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment. |
| Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. |
| Debtors do not carry interest and are stated at their nominal value. |
| Trade creditors are not interest-bearing and are stated at their nominal value. |
| Impairment of financial assets |
| Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, 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 which exceeds what the carrying amount would have been had the impairment loss not previously been recognised. |
| Derecognition of financial assets |
| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. |
| Derecognition of financial liabilities |
| Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. |
| Equity instruments |
| Equity instruments issued by the company are recorded at the fair value of the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Notes to the Financial Statements - continued |
| For The Period 30 April 2024 to 30 April 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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 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 period 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. |
| 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 the profit and loss account using the effective interest method under Section 11 of FRS 102 ‘Basic Financial Instruments’. The capital element of the liability is presented in the balance sheet as a liability and split between the portion falling due within one year and the portion falling due after more than one year. |
| Employee benefits |
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year with an associated expense in profit or loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 30 April 2024 |
| and 30 April 2025 |
| DEPRECIATION |
| At 30 April 2024 |
| Charge for period |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 29 April 2024 |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Notes to the Financial Statements - continued |
| For The Period 30 April 2024 to 30 April 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST |
| At 30 April 2024 | 351,988 |
| Disposals | (351,863 | ) |
| At 30 April 2025 | 125 |
| NET BOOK VALUE |
| At 30 April 2025 | 125 |
| At 29 April 2024 | 351,988 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 30 April 2024 |
| Additions |
| Revaluations |
| At 30 April 2025 |
| DEPRECIATION |
| At 30 April 2024 | 21,133 |
| Charge for period | 7,044 |
| Revaluation adjustments | (28,177 | ) |
| At 30 April 2025 | - |
| NET BOOK VALUE |
| At 30 April 2025 |
| At 29 April 2024 |
| The property was reclassified to investment property following the demerger in August 2024. Prior to the demerger, the investment property was intra-group investment property measured using the accounting policy choice of the cost model per FRS 102, para 16.4A(b). |
| At the date of the demerger (i.e. at the date of change in use), the company could no longer apply the exemption in paragraph 16.4A(b). FRS 102, para 16.9B requires the property to be revalued at the date of change in use with any difference between the carrying amount under Section 17 and its revalued amount being treated as a revaluation in accordance with Section 17. |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.4.25 | 29.4.24 |
| £ | £ |
| Bank loans |
| The loan is secured by way of fixed and floating charges over all the property of the company. The charges dated 7 February 2025 and 19 March 2025 are in favour of Lloyds Bank PLC. |
| R. TINDALL (FABRICATORS) HOLDINGS LTD (REGISTERED NUMBER: 07966652) |
| Notes to the Financial Statements - continued |
| For The Period 30 April 2024 to 30 April 2025 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 30 April 2025 and the year ended 29 April 2024: |
| 30.4.25 | 29.4.24 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Advances to the director are interest-free and unsecured. The advances are repayable on demand and during the period no amounts were written off or waived (2024: no amounts). |
| 9. | GROUP REORGANISATION AND DEMERGER |
| During the year, the group undertook a legal and capital reorganisation resulting in the separation of operations into two distinct corporate groups. This was achieved through a dividend in specie and share reorganisation under common control. The transaction did not involve any external consideration and has been accounted for using the predecessor value method. This is consistent with the group's accounting policy for common control business combinations, FRS 102 and TECH 02/17BL. |