Site Heat Treatment Services Limited

Financial Statements for the Year Ended 31 March 2025

DIRECTOR:

A Veysey

SECRETARY:

C Veysey

REGISTERED OFFICE:

Units 1 and 2

Henshaw Street Industrial Estate

Port Talbot

SA12 6NH

REGISTERED NUMBER:

01597335 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit & Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Site Heat Treatment Services Limited for the year ended 31 March 2025 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Site Heat Treatment Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Site Heat Treatment Services Limited and state those matters that we have agreed to state to the director of Site Heat Treatment Services Limited in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Site Heat Treatment Services Limited and its director for our work or for this report.

It is your duty to ensure that Site Heat Treatment Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Site Heat Treatment Services Limited. You consider that Site Heat Treatment Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Site Heat Treatment Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

2 September 2025

FIXED ASSETS

Tangible assets

3

240,889

222,890

CURRENT ASSETS

Stocks

48,170

30,000

Debtors

4

23,367

89,711

Investments

5

1,534

1,301

Cash at bank and in hand

16,127

23,929

89,198

144,941

CREDITORS

Amounts falling due within one
year

6

123,558

178,903

NET CURRENT LIABILITIES

(34,360

)

(33,962

)

TOTAL ASSETS LESS
CURRENT LIABILITIES

206,529

188,928

CREDITORS

Amounts falling due after more
than one year

7

(9,114

)

(7,000

)

PROVISIONS FOR LIABILITIES

(45,400

)

(40,900

)

NET ASSETS

152,015

141,028

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

60,953

Retained earnings

90,962

79,975

152,015

141,028

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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

A Veysey - Director

1.	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 as modified by the revaluation of certain assets.

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

-

not provided

Plant and machinery

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% straight line

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 Profit & Loss Account, 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.

Pension costs

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 12 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST OR VALUATION

At 1 April 2024

175,000

175,689

20,723

Additions

-

3,240

-

At 31 March 2025

175,000

178,929

20,723

DEPRECIATION

At 1 April 2024

-

135,585

19,834

Charge for year

-

6,502

134

At 31 March 2025

-

142,087

19,968

NET BOOK VALUE

At 31 March 2025

175,000

36,842

755

At 31 March 2024

175,000

40,104

889

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

122,287

10,077

503,776

Additions

29,350

-

32,590

At 31 March 2025

151,637

10,077

536,366

DEPRECIATION

At 1 April 2024

118,187

7,280

280,886

Charge for year

7,060

895

14,591

At 31 March 2025

125,247

8,175

295,477

NET BOOK VALUE

At 31 March 2025

26,390

1,902

240,889

At 31 March 2024

4,100

2,797

222,890

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

Valuation in 2001

28,800

-

Valuation in 2005

46,747

-

Valuation in 2023

67,441

-

Cost

32,012

178,929

20,723

175,000

178,929

20,723

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2001

-

28,800

Valuation in 2005

-

46,747

Valuation in 2023

-

67,441

Cost

151,637

10,077

393,378

151,637

10,077

536,366

The freehold property was revalued on an open marked basis on 31 March 2025 by the director with the assistance of their professional advisors.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

2025

2024

£

Trade debtors

15,187

77,772

Other debtors & prepayments

8,180

11,939

23,367

89,711

5.	CURRENT ASSET INVESTMENTS

2025

2024

£

Listed investments

1,534

1,301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

2025

2024

£

Bank loans and overdrafts

49,636

59,514

Hire purchase contracts

10,734

-

Trade creditors

7,633

15,429

Taxes & social security costs

4,400

30,265

Other creditors & accruals

51,155

73,695

123,558

178,903

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

2025

2024

£

Bank loans

1,000

7,000

Hire purchase contracts

8,114

-

9,114

7,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

18,848

-

The hire purchase contracts are secured over the assets to which they relate.