REGISTERED NUMBER: 02313414 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Stoke Galvanising Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Collins

M J Fellows

REGISTERED OFFICE:

Nevada Lane

Burslem

Stoke on Trent

Staffordshire

ST6 2BN

REGISTERED NUMBER:

02313414 (England and Wales)

AUDITORS:

Richards Sandy Audit Services Limited

(Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

WR1 1RU

FIXED ASSETS

Tangible assets

4

173,184

682,061

CURRENT ASSETS

Stocks

250,183

298,431

Debtors

3,339,928

615,217

Cash at bank and in hand

69,215

2,218,692

3,659,326

3,132,340

CREDITORS

Amounts falling due within one year

644,065

1,101,148

NET CURRENT ASSETS

3,015,261

2,031,192

TOTAL ASSETS LESS CURRENT LIABILITIES

3,188,445

2,713,253

CREDITORS

Amounts falling due after more than one year

(8,574

)

(18,744

)

PROVISIONS FOR LIABILITIES

(19,066

)

(18,000

)

NET ASSETS

3,160,805

2,676,509

CAPITAL AND RESERVES

Called up share capital

7,000

7,000

Capital redemption reserve

3,000

3,000

Retained earnings

3,150,805

2,666,509

3,160,805

2,676,509

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th September 2025 and were signed on its behalf by:

P A Collins - Director

1.	STATUTORY INFORMATION

Stoke Galvanising 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.

TURNOVER

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

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

-

2% on cost

Plant and machinery

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

STOCKS

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS

The charity has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

1,217,776

Additions

109,673

Disposals

(556,824

)

At 31st December 2024

770,625

DEPRECIATION

At 1st January 2024

535,715

Charge for year

85,050

Eliminated on disposal

(23,324

)

At 31st December 2024

597,441

NET BOOK VALUE

At 31st December 2024

173,184

At 31st December 2023

682,061

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

18,600

29,455

Hire purchase loans are secured by way of charges over the tangible fixed assets to which they relate.

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Miss Aimee Stinton FCCA (Senior Statutory Auditor)

for and on behalf of Richards Sandy Audit Services Limited

7.	CROSS PARTY GUARANTEE

Debts held by Bellator Holdings Limited with Barclays Bank Plc are secured by a cross guarantee and debenture by way of fixed and floating charges over all assets and undertakings of all companies in the group.

At the year end the group had total secured bank loans totalling £5,063,209 (2023: £nil).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

A D Smith

Balance outstanding at start of year

-

-

Amounts advanced

20,000

-

Amounts repaid

-

-

Amounts written off

(20,000

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	ULTIMATE CONTROLLING PARTY

The parent company is Bellator Holdings Limited, whose registered office is Thorneloe House, 25 Barbourne Road, Worcester, Worcestershire, WR1 1RU.