REGISTERED NUMBER: 02084864 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Necessary Manufacturing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Walker

M Bennett

R D Bhakta

SECRETARY:

V Walker

REGISTERED OFFICE:

Neachells Lane

Wednesfield

Wolverhampton

West Midlands

WV11 3PY

REGISTERED NUMBER:

02084864 (England and Wales)

ACCOUNTANTS:

Lester Accounting Ltd

Chartered Certified Accountants

84 Wellington Drive

Cannock

Staffordshire

WS11 1PX

FIXED ASSETS

Tangible assets

4

39,283

48,352

CURRENT ASSETS

Stocks

213,595

132,891

Debtors

5

3,280,519

3,357,466

Cash at bank

293,870

478,379

3,787,984

3,968,736

CREDITORS

Amounts falling due within one year

6

840,740

897,436

NET CURRENT ASSETS

2,947,244

3,071,300

TOTAL ASSETS LESS CURRENT LIABILITIES

2,986,527

3,119,652

CREDITORS

Amounts falling due after more than one year

7

(17,868

)

(61,845

)

PROVISIONS FOR LIABILITIES

(8,056

)

(10,035

)

NET ASSETS

2,960,603

3,047,772

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,960,503

3,047,672

SHAREHOLDERS' FUNDS

2,960,603

3,047,772

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:

V Walker - Director

1.	STATUTORY INFORMATION

Necessary Manufacturing 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.

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 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.

Plant and machinery etc

-

33% straight line, 25% straight line and 15% 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 Income Statement, 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2024

511,061

Additions

6,510

At 31 March 2025

517,571

DEPRECIATION

At 1 April 2024

462,709

Charge for year

15,579

At 31 March 2025

478,288

NET BOOK VALUE

At 31 March 2025

39,283

At 31 March 2024

48,352

Cost or valuation at 31 March 2025 is represented by:

Plant and

machinery

etc

£

Valuation in 2016

25,618

Cost

491,953

517,571

If plant and machinery had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

429,378

422,868

Aggregate depreciation

390,095

374,919

Plant and machinery were valued on an open market basis basis on 31 March 2016 by the directors .

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

855,991

922,753

Other debtors

400

1,420

Invoice discounting

-

9,115

Prepayments and accrued income

13,128

13,178

869,519

946,466

31.3.25

31.3.24

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

2,411,000

2,411,000

Aggregate amounts

3,280,519

3,357,466

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

38,385

38,385

Trade creditors

626,826

487,247

Corporation tax

47,714

224,758

Social security and other taxes

23,195

21,572

VAT

67,474

92,297

Other creditors

10,846

9,180

Accruals and deferred income

26,300

23,997

840,740

897,436

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

17,868

38,385

Bank loans - 2-5 years

-

23,460

17,868

61,845

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

56,253

100,230

The bank loan is secured by fixed and floating charges over all of the Company's assets.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Hollybush Homes Limited.

The ultimate controlling party is NMMBO Limited.