REGISTERED NUMBER: 05494217 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STRESSLINE ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C P Fox

SECRETARY:

C P Fox

REGISTERED OFFICE:

Station Road

Stoney Stanton

Leicestershire

LE9 4LX

REGISTERED NUMBER:

05494217 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

BANKERS:

Royal Bank of Scotland

5 Market Street

Leicester

LE1 6DN

SOLICITORS:

Knights PLC

34 Pocklingtons Walk

Leicester

LE1 6BU

FIXED ASSETS

Tangible assets

4

682,885

601,876

CURRENT ASSETS

Debtors

5

1,072,972

1,137,012

Cash at bank

426

426

1,073,398

1,137,438

CREDITORS

Amounts falling due within one year

6

(104,466

)

(119,871

)

NET CURRENT ASSETS

968,932

1,017,567

TOTAL ASSETS LESS CURRENT LIABILITIES

1,651,817

1,619,443

CREDITORS

Amounts falling due after more than one year

7

(198,032

)

(180,182

)

PROVISIONS FOR LIABILITIES

9

(153,727

)

(129,852

)

NET ASSETS

1,300,058

1,309,409

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,300,057

1,309,408

SHAREHOLDERS' FUNDS

1,300,058

1,309,409

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

C P Fox - Director

1.	COMPANY INFORMATION

Stressline Engineering Limited is a private company, limited by shares, domiciled in England and Wales, registration number 05494217. The registered office is Station Road, Stoney Stanton, Leicester, LE9 4LX.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A Small Entities of Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the UK and the Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Preparation of consolidated financial statements

The group for which consolidated financial statements are prepared, which include the results of this company, is that headed by CPF Commercial Limited, whose registered office is Station Road, Stoney Stanton, Leicester, LE9 4LX.

Turnover

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

Revenue comprises charges for rental of plant and machinery and is recognised over the hire period.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below:

Plant and machinery

- between 4% and 50% straight line per annum

The depreciation charge is pro-rated in the years of acquisition and disposal of assets.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase commitments

Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant period rates of charge on the net obligations outstanding in each period.

Share capital

Ordinary shares are classified as equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

2,468,576

Additions

192,559

At 31 December 2024

2,661,135

DEPRECIATION

At 1 January 2024

1,866,700

Charge for year

111,550

At 31 December 2024

1,978,250

NET BOOK VALUE

At 31 December 2024

682,885

At 31 December 2023

601,876

At 31 December 2024, the net book value of leased assets, held under hire purchase contracts, amounted to £485,579 (2023: £372,219).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,072,972

1,048,447

Other debtors

-

88,565

1,072,972

1,137,012

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

97,516

70,380

Taxation and social security

-

42,891

Other creditors

6,950

6,600

104,466

119,871

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

198,032

180,182

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

295,548

250,562

The amounts due in respect of the hire purchase creditor are secured over the assets to which they relate.

A debenture exists over all of the assets of the company.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

153,727

129,852

Deferred

tax

£

Balance at 1 January 2024

129,852

Charge to Profit and Loss Account during year

23,875

Balance at 31 December 2024

153,727

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

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

11.	CONTINGENT LIABILITIES

The company is part of a group VAT registration with its parent company and fellow subsidiaries. The company is jointly and severally liable for the liabilities of the VAT group to which it belongs. At 31 December 2024, the group VAT liability amounted to £171,770 (2023: £168,707) of which £nil (2023: £nil) is recognised in Stressline Engineering Limited.

A cross guarantee exists between Stressline Holdings Limited, Stressline Limited, Stressline Engineering Limited and Stressline (Patents) Limited in respect of assets under hire purchase contracts. At 31 December 2024, the liability amounted to £295,548 (2023: £250,562) of which £295,548 (2023: £250,562) is recognised in Stressline Engineering Limited.

The company is party to a cross guarantee arrangement in relation to the bank borrowings of CPF Commercial Limited, a company within the same group. Security has been given in the form of a fixed and floating debenture over all assets of the company. At the balance sheet date the potential liability amounted to £1,752,522 (2023: £1,805,968).

12.	LEASE COMMITMENTS

The future minimum hire purchase lease payments are as follows:

2024

2023

£

£

Not later than one year

113,090

80,741

Later than one year and not later than five years

230,229

206,949

Total gross payments

343,318

287,690

Less: finance charges

(47,770

)

(37,128

)

Carrying amount of liability

295,548

250,562

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

The company was a wholly owned subsidiary of Stressline Holdings Limited, a company incorporated in England & Wales, throughout the current and preceding year.

C P Fox was the ultimate controlling party throughout the current and prior year.

The group for which consolidated financial statements are prepared, which include the results of this company, is that headed by CPF Commercial Limited, whose registered office address if Station Road, Stoney Stanton, Leicester, LE9 4LX.