Dio-Met Fabrications Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 02571825

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		88,256		88,283

			88,256		88,283
CURRENT ASSETS
Stocks	5	200,310		173,002
Debtors	6	233,528		298,417
Cash at bank and in hand		423,740		723,797

		857,578		1,195,216
Creditors: Amounts Falling Due Within One Year	7	(765,660 )		(754,479 )

NET CURRENT ASSETS (LIABILITIES)			91,918		440,737

TOTAL ASSETS LESS CURRENT LIABILITIES			180,174		529,020

PROVISIONS FOR LIABILITIES
Deferred Taxation			(21,000 )		(21,000 )

NET ASSETS			159,174		508,020

CAPITAL AND RESERVES
Called up share capital	8		23,112		23,112
Capital redemption reserve			11,906		11,906
Income Statement			124,156		473,002

SHAREHOLDERS' FUNDS			159,174		508,020

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Dio-Met Fabrications Limited

Statement of Financial Position (continued)

As At 31 May 2025

For the year ending 31 May 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

Mr R Diovisalvi

Director

18 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Dio-Met Fabrications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02571825 . The registered office is Arc Works, 150 Worksop Road, Sheffield, S9 3TN.

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

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Leasehold	10% straight line
Plant & Machinery	25% straight line
Motor Vehicles	25% straight line

2.4. 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.

2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 15)

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Dio-Met Fabrications Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 June 2024	18,177	100,846	260,906	379,929
Additions	-	999	50,700	51,699
Disposals	-	-	(50,300 )	(50,300 )

As at 31 May 2025	18,177	101,845	261,306	381,328

Depreciation
As at 1 June 2024	14,034	98,324	179,288	291,646
Provided during the period	1,816	2,022	42,520	46,358
Disposals	-	-	(44,932 )	(44,932 )

As at 31 May 2025	15,850	100,346	176,876	293,072

Net Book Value
As at 31 May 2025	2,327	1,499	84,430	88,256

As at 1 June 2024	4,143	2,522	81,618	88,283

5. Stocks

	2025	2024
	£	£
Finished goods	149,670	164,742
Work in progress	50,640	8,260

	200,310	173,002

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	196,952	99,459
Other debtors	36,576	198,958

	233,528	298,417

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	108,008	117,773
Amounts owed to participating interests	334,437	360,814
Other creditors	261,093	115,082
Taxation and social security	62,122	160,810

	765,660	754,479

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Dio-Met Fabrications Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	23,112	23,112

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Mr Robert Diovisalvi	17,494	23,220	17,494	-	23,220
Mr Lee Kempster	(2,284 )	-	1,054	-	(3,338 )

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

10. Related Party Transactions

During the year the loan of £170,000 to C K Estates Ltd was repaid . C K Estates Ltd is a company in which Lee Kempster is a director and had a material interest. The loan was interest free.

11. Ultimate Controlling Party

The company's ultimate controlling party is Dio-Met Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.

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