Slipform Engineering Ltd

	Page
Accountant's Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Slipform Engineering Ltd For The Year Ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Slipform Engineering Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Slipform Engineering Ltd , as a body, in accordance with the terms of our engagement letter dated 18 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Slipform Engineering Ltd and state those matters that we have agreed to state to the directors of Slipform Engineering Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Slipform Engineering Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Slipform Engineering Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Slipform Engineering Ltd . You consider that Slipform Engineering Ltd 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 accounts of Slipform Engineering Ltd . 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 financial statements.

10/09/2025

FB Accountancy Services Limited

Chartered Certified Accountants

Unit 16, Heronsgate Trading Estate

Paycocke Road

Basildon

Essex

SS14 3EU

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Slipform Engineering Ltd

Statement of Financial Position

As At 31 March 2025

Statement of Financial Position

Registered number: 08253976

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,235,486		1,068,555

			1,235,486		1,068,555
CURRENT ASSETS
Stocks	5	441,178		72,500
Debtors	6	3,154,425		1,432,433
Cash at bank and in hand		3,446		158,460

		3,599,049		1,663,393
Creditors: Amounts Falling Due Within One Year	7	(3,213,776 )		(1,198,119 )

NET CURRENT ASSETS (LIABILITIES)			385,273		465,274

TOTAL ASSETS LESS CURRENT LIABILITIES			1,620,759		1,533,829

Creditors: Amounts Falling Due After More Than One Year	8		(166,804 )		(292,382 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(272,351 )		(201,420 )

NET ASSETS			1,181,604		1,040,027

CAPITAL AND RESERVES
Called up share capital	11		100		100
Income Statement			1,181,504		1,039,927

SHAREHOLDERS' FUNDS			1,181,604		1,040,027

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Slipform Engineering Ltd

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Eamon Hanley

Director

10/09/2025

The notes on pages 4 to 7 form part of these financial statements.

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Slipform Engineering Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Slipform Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08253976 . The registered office is Unit 16, Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

The amount of profit attainable to the stage of completion of a contract is recognised on a prudent basis when the outcome can be foreseen with reasonable certainty. Provision is made for losses as soon as they are foreseen. The portion of profits recognised is discounted by a factor to recognise the uncertainties inherent until the contract achieves final completion.

The turnover for contracts reflects the value of work done, less any amounts recognised in previous years. Contract work in progress is stated as costs incurred, less those transferred to the profit and loss account, after deducting foreseeable losses and payments on account not matched with turnover.

Amounts recoverable on contracts are included in debtors and represent turnover recognised in excess of payments on account.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Straight Line
Motor Vehicles	25% Reducing Balance
Computer Equipment	50% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Slipform Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	2,061,616	161,414	8,597	2,231,627
Additions	287,068	177,453	-	464,521
Disposals	-	(101,429 )	-	(101,429 )

As at 31 March 2025	2,348,684	237,438	8,597	2,594,719

Depreciation
As at 1 April 2024	1,127,573	26,902	8,597	1,163,072
Provided during the period	170,853	45,735	-	216,588
Disposals	-	(20,427 )	-	(20,427 )

As at 31 March 2025	1,298,426	52,210	8,597	1,359,233

Net Book Value
As at 31 March 2025	1,050,258	185,228	-	1,235,486

As at 1 April 2024	934,043	134,512	-	1,068,555

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Slipform Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	2025	2024
	£	£
Stock	51,000	51,000
Work in progress	390,178	21,500

	441,178	72,500

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,889,422	223,785
Other debtors	265,003	917,971
Corporation tax recoverable assets	-	40,677
Amounts owed by group undertakings	-	250,000

	3,154,425	1,432,433

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	72,817	32,464
Trade creditors	422,910	495,417
Bank loans and overdrafts	475,404	200,000
Corporation tax	144,049	12
Other taxes and social security	457,445	107,103
Other creditors	1,641,151	363,123

	3,213,776	1,198,119

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	166,804	92,382
Bank loans	-	200,000

	166,804	292,382

9. Secured Creditors

Of the creditors the following amounts are secured by way of fixed and floating charge over company assets.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	239,621	124,846
Bank loans and overdrafts	200,000	400,000

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Slipform Engineering Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	72,817	32,464
Later than one year and not later than five years	166,804	92,382

	239,621	124,846

	239,621	124,846

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	-	30,000

	-	30,000

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Eamon Hanley	85,358	-	85,358	-	-

The above loan is unsecured, interest free and repayable on demand.

14. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Slipform Engineering Group Limited . Slipform Engineering Group Limited was incorporated in England & Wales. 2 Falcon Gate, Shire Park, Welwyn Garden City, AL7 1TW. The ultimate controlling party is Eamon Hanley who controls 100% of the shares of Slipform Engineering Ltd .

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