REGISTERED NUMBER: 01872575 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DKM SHEET METAL COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G R Goring

Mr S E Hearn

SECRETARY:

Mrs S M Goring

REGISTERED OFFICE:

Unit 9

Oldends Industrial Estate

Stonehouse

Gloucestershire

GL10 3RQ

REGISTERED NUMBER:

01872575 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

4

1,462,644

1,409,116

CURRENT ASSETS

Stocks

182,136

198,173

Debtors

5

705,415

664,474

Cash at bank

1,683,234

1,949,219

2,570,785

2,811,866

CREDITORS

Amounts falling due within one year

6

1,310,888

1,717,550

NET CURRENT ASSETS

1,259,897

1,094,316

TOTAL ASSETS LESS CURRENT LIABILITIES

2,722,541

2,503,432

CREDITORS

Amounts falling due after more than one year

7

(281,139

)

(129,418

)

PROVISIONS FOR LIABILITIES

(328,162

)

(291,562

)

NET ASSETS

2,113,240

2,082,452

CAPITAL AND RESERVES

Called up share capital

66

66

Capital redemption reserve

33

33

Retained earnings

2,113,141

2,082,353

SHAREHOLDERS' FUNDS

2,113,240

2,082,452

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 14 October 2025 and were signed on its behalf by:

Mr S E Hearn - Director

1.	STATUTORY INFORMATION

DKM Sheet Metal Company 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 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 and 15% 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 57 (2024 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

2,449,689

Additions

381,448

Disposals

(144,227

)

At 31 January 2025

2,686,910

DEPRECIATION

At 1 February 2024

1,040,573

Charge for year

260,048

Eliminated on disposal

(76,355

)

At 31 January 2025

1,224,266

NET BOOK VALUE

At 31 January 2025

1,462,644

At 31 January 2024

1,409,116

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

Plant and

machinery

etc

£

COST

At 1 February 2024

586,426

Additions

324,285

Disposals

(98,758

)

At 31 January 2025

811,953

DEPRECIATION

At 1 February 2024

201,198

Charge for year

87,958

Eliminated on disposal

(43,207

)

At 31 January 2025

245,949

NET BOOK VALUE

At 31 January 2025

566,004

At 31 January 2024

385,228

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

563,299

593,235

Other debtors

142,116

71,239

705,415

664,474

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

91,015

56,327

Trade creditors

566,863

678,639

Taxation and social security

125,961

380,902

Other creditors

527,049

601,682

1,310,888

1,717,550

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

281,139

129,418

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

372,154

185,745

9.	RELATED PARTY DISCLOSURES