REGISTERED NUMBER: 07191669 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Deptford Sheet Metal Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L R Rhodes

S L Rhodes

REGISTERED OFFICE:

Unit 4 Capital Industrial Estate

Crabtree Manorway South

Belvedere

Kent

DA17 6BJ

REGISTERED NUMBER:

07191669 (England and Wales)

ACCOUNTANTS:

Latham Lambourne Ltd

18 Woodlands Park

Bexley

Kent

DA5 2EL

FIXED ASSETS

Tangible assets

4

81,186

96,529

CURRENT ASSETS

Stocks

252,111

62,000

Debtors

5

187,153

288,665

Cash at bank

22,339

37,423

461,603

388,088

CREDITORS

Amounts falling due within one year

6

790,051

742,898

NET CURRENT LIABILITIES

(328,448

)

(354,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(247,262

)

(258,281

)

CREDITORS

Amounts falling due after more than one year

7

73,472

94,826

NET LIABILITIES

(320,734

)

(353,107

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(320,834

)

(353,207

)

SHAREHOLDERS' FUNDS

(320,734

)

(353,107

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 7 August 2025 and were signed on its behalf by:

L R Rhodes - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

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

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 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

239,880

Additions

24,760

Disposals

(44,472

)

At 31 March 2025

220,168

DEPRECIATION

At 1 April 2024

143,351

Charge for year

27,536

Eliminated on disposal

(31,905

)

At 31 March 2025

138,982

NET BOOK VALUE

At 31 March 2025

81,186

At 31 March 2024

96,529

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

Plant and

machinery

etc

£

COST

At 1 April 2024

134,584

Additions

24,760

Disposals

(44,472

)

At 31 March 2025

114,872

DEPRECIATION

At 1 April 2024

60,397

Charge for year

21,596

Eliminated on disposal

(31,905

)

At 31 March 2025

50,088

NET BOOK VALUE

At 31 March 2025

64,784

At 31 March 2024

74,187

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

156,812

233,344

Other debtors

30,341

55,321

187,153

288,665

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

90,194

-

Hire purchase contracts

25,428

27,293

Trade creditors

125,650

140,165

Taxation and social security

22,307

20,597

Other creditors

526,472

554,843

790,051

742,898

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

7,342

13,464

Hire purchase contracts

66,130

81,362

73,472

94,826

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S L Rhodes.

The company is controlled by the director by virtue of him owning the majority of the issued shares.