REGISTERED NUMBER: 04122111 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABC INDUSTRIAL DOORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J A Rodger

Mr S Hilton

REGISTERED OFFICE:

Unit 6

Irlam Wharf Road

Irlam

Manchester

M44 5PN

REGISTERED NUMBER:

04122111 (England and Wales)

AUDITORS:

Christian Douglass Accountants Limited

Chartered Accountants

Statutory Auditor

2 Jordan Street

Knott Mill

Manchester

M15 4PY

FIXED ASSETS

Tangible assets

4

1,461,613

1,319,127

CURRENT ASSETS

Stocks

219,027

131,293

Debtors

5

923,071

1,047,390

Cash at bank

54,489

39,332

1,196,587

1,218,015

CREDITORS

Amounts falling due within one year

6

1,857,204

1,118,315

NET CURRENT (LIABILITIES)/ASSETS

(660,617

)

99,700

TOTAL ASSETS LESS CURRENT LIABILITIES

800,996

1,418,827

CREDITORS

Amounts falling due after more than one year

7

(357,622

)

(248,173

)

PROVISIONS FOR LIABILITIES

(140,533

)

(160,813

)

NET ASSETS

302,841

1,009,841

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

197,292

199,650

Retained earnings

104,549

809,191

SHAREHOLDERS' FUNDS

302,841

1,009,841

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 29 September 2025 and were signed on its behalf by:

Mr S Hilton - Director

1.	STATUTORY INFORMATION

ABC Industrial Doors Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04122111 and its registered office is at Unit 6, Irlam Wharf Road, Irlam, Manchester, M44 5PN.

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.

The company has sufficient financial resources and the ongoing support of group companies. As a consequence of the efficiency measures taken as well as obtaining a significant large contract, the directors believe the company's position is not permanent and is well placed to manage the business risks successfully despite recent challenges. The directors are therefore confident that the going concern basis of accounting is appropriate to these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the company considers that it has fulfilled its obligations to the customer which, in respect of services delivered, is deemed to be when that service is complete.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

20% on cost and 1% per annum on cost

Plant and machinery etc

-

25%-33% on cost and 15% on cost

Tangible fixed assets, with the exception of land and buildings as stated below, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure directly attributable to bringing the asset to the location and condition necessary for operation by the company.

Land and buildings held and used in the company's own activities are stated in the balance sheet at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

An amount equal to the excess of the annual depreciation charge over the depreciation charge computed on a historical cost basis, is transferred annually from the revaluation reserve to retained earnings.

Once a revalued property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings.

At each reporting date an assessment is made as to whether there is any indication that an asset may be impaired. Indicators may be from external, market based, sources or from internal, record based, sources. If any such indication exists, the recoverable amount of the asset is estimated and impairment losses recorded so as to reduce the carrying value to the recoverable amount.

Stocks

Stocks are valued at the lower of cost and net realisable value.

In general, cost is determined on a first in first out basis and includes transport and handling costs where applicable.

Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the cost of realisation and, where appropriate, the cost of conversion from their existing state to a finished condition.

Provision is made where necessary for obsolete, slow-moving and defective stocks.

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.

Deferred tax is provided in full on gains arising on the revaluation of assets and is recognised as other comprehensive income having been deducted directly from the revaluation reserve.

Hire purchase and leasing commitments

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.

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

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 61 (2023 - 57 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

844,997

166,780

605,704

1,617,481

Additions

2,326

26,278

293,300

321,904

Disposals

-

-

(66,163

)

(66,163

)

At 31 December 2024

847,323

193,058

832,841

1,873,222

DEPRECIATION

At 1 January 2024

17,529

122,107

158,718

298,354

Charge for year

26,863

22,243

104,800

153,906

Eliminated on disposal

-

-

(40,651

)

(40,651

)

At 31 December 2024

44,392

144,350

222,867

411,609

NET BOOK VALUE

At 31 December 2024

802,931

48,708

609,974

1,461,613

At 31 December 2023

827,468

44,673

446,986

1,319,127

Cost or valuation at 31 December 2024 is represented by:

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

Valuation in 2021

245,982

-

-

245,982

Cost

601,341

193,058

832,841

1,627,240

847,323

193,058

832,841

1,873,222

If Land and buildings had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

601,341

599,015

Aggregate depreciation

71,658

47,153

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1 January 2024

532,333

Additions

293,300

Disposals

(37,673

)

Transfer to ownership

(24,573

)

At 31 December 2024

763,387

DEPRECIATION

At 1 January 2024

115,613

Charge for year

100,087

Eliminated on disposal

(19,283

)

Transfer to ownership

(14,135

)

At 31 December 2024

182,282

NET BOOK VALUE

At 31 December 2024

581,105

At 31 December 2023

416,720

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

709,975

807,027

Other debtors

213,096

240,363

923,071

1,047,390

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts and finance leases

151,013

113,741

Trade creditors

913,178

338,568

Amounts owed to group undertakings

232,095

28,395

Taxation and social security

78,700

68,106

Other creditors

482,218

569,505

1,857,204

1,118,315

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts and finance leases

357,622

248,173

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts and finance leases

508,635

361,914

Invoice discounting liability

418,672

426,774

927,307

788,688

Obligations under hire purchase contracts and finance leases are secured on the assets concerned. Bank and other borrowings are secured by a fixed and floating charge over the assets of the company.

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

199,650

Transfer between reserves

(2,358

)

At 31 December 2024

197,292

Amounts transferred between reserves represent the release of costs charged to profit and loss, specifically the excess of depreciation charges over historical cost plus prior year increases in deferred tax on revaluation gains.

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

The Report of the Auditors was unqualified.

Mrs Deborah Burton F.C.A. (Senior Statutory Auditor)

for and on behalf of Christian Douglass Accountants Limited

11.	ULTIMATE PARENT UNDERTAKING

The company's parent undertaking is Teckentrup (Holdings) Limited which prepares group accounts including the results of the company. Its registered office is C/O Christian Douglass Accountants Limited 2 Jordan Street, Knott Mill, Manchester, England, M15 4PY.

The company's ultimate parent undertaking, since 23 August 2024, is Teckentrup Metallturen Gmbh, a company registered in Germany. Its registered office is at 50 Industriestrabe, D-33415, Verl-Sürenheide, Germany.