REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30th April 2025 |
for |
| Sheet Tech Fabrications Limited |
REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30th April 2025 |
for |
| Sheet Tech Fabrications Limited |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Contents of the Financial Statements |
for the Year Ended 30th April 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Sheet Tech Fabrications Limited |
Company Information |
for the Year Ended 30th April 2025 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Sovereign House |
155 High Street |
Aldershot |
Hampshire |
GU11 1TT |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Balance Sheet |
30th April 2025 |
2025 | 2024 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
Investments | 7 |
CURRENT ASSETS |
Stocks |
Debtors | 8 |
Investments | 9 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 10 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
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. |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Balance Sheet - continued |
30th April 2025 |
The financial statements were approved by the director and authorised for issue on |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Notes to the Financial Statements |
for the Year Ended 30th April 2025 |
1. | STATUTORY INFORMATION |
Sheet Tech Fabrications Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. |
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity. |
Goodwill |
| Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company’s interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. |
| Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over it's useful life which is estimated to be 10 years. |
| Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life. |
| Goodwill amortisation is included in administrative expenses in the statement of comprehensive income. |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Notes to the Financial Statements - continued |
for the Year Ended 30th April 2025 |
3. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
| Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses. |
| Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows: |
| Leasehold improvements | - | straight over expected term of lease |
| Plant and machinery | - | 15% on reducing balance |
| Fixtures and fittings | - | straight line over 3 years |
| Motor vehicles | - | straight line over 4 years |
| Office equipment | - | straight line over 3 years |
| On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stock and work in progress |
Stock and work in progress is measured at the lower of cost and selling price less cost to complete and sell. |
Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock and work in progress to its present location and condition. |
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. |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Notes to the Financial Statements - continued |
for the Year Ended 30th April 2025 |
3. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. |
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. |
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Impairment of non-financial assets |
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss. |
Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss. |
If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Notes to the Financial Statements - continued |
for the Year Ended 30th April 2025 |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st May 2024 |
and 30th April 2025 |
AMORTISATION |
At 1st May 2024 |
Amortisation for year |
At 30th April 2025 |
NET BOOK VALUE |
At 30th April 2025 |
At 30th April 2024 |
6. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1st May 2024 |
Additions |
At 30th April 2025 |
DEPRECIATION |
At 1st May 2024 |
Charge for year |
At 30th April 2025 |
NET BOOK VALUE |
At 30th April 2025 |
At 30th April 2024 |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Notes to the Financial Statements - continued |
for the Year Ended 30th April 2025 |
6. | TANGIBLE FIXED ASSETS - continued |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st May 2024 |
Additions |
At 30th April 2025 |
DEPRECIATION |
At 1st May 2024 |
Charge for year |
At 30th April 2025 |
NET BOOK VALUE |
At 30th April 2025 |
At 30th April 2024 |
7. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings as restated |
£ |
COST |
At 1st May 2024 |
and 30th April 2025 |
NET BOOK VALUE |
At 30th April 2025 |
At 30th April 2024 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Other debtors |
9. | CURRENT ASSET INVESTMENTS |
2025 | 2024 |
£ | £ |
Listed investments | 343,927 | - |
Sheet Tech Fabrications Limited (Registered number: 10525219) |
Notes to the Financial Statements - continued |
for the Year Ended 30th April 2025 |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
as | restated |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
11. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2025 | 2024 |
£ | £ |
Within one year |
Between one and five years |