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REGISTERED NUMBER: 02673334 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 January 2025 |

| for |

| BS Fabrications Limited |

| BS Fabrications Limited (Registered number: 02673334) |

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| BS Fabrications Limited |

Company Information

for the Year Ended 31 January 2025

| DIRECTORS: | P Brown

| G F L Brown

| SECRETARY: | P Brown

| REGISTERED OFFICE: | Unit 6 Dodsworth Street

| Albert Hill Ind Est

| DARLINGTON

| Co Durham

| DL1 2NG

| REGISTERED NUMBER: | 02673334 (England and Wales)

| ACCOUNTANTS: | Clive Owen LLP

| Chartered Accountants

| 140 Coniscliffe Road

| DARLINGTON

| Co Durham

| DL3 7RT

| BS Fabrications Limited (Registered number: 02673334) |

Balance Sheet

31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 189,922 |  | 223,052 |  |

CURRENT ASSETS

Stocks | 5 | 31,000 |  | 33,500 |  |

Debtors | 6 | 351,671 |  | 324,149 |  |

Cash at bank and in hand | 262,009 |  | 300,068 |  |

644,680 |  | 657,717 |  |

CREDITORS

Amounts falling due within one year | 7 | (384,322 | ) | (410,472 | ) |

NET CURRENT ASSETS | 260,358 |  | 247,245 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 450,280 |  | 470,297 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (63,545 | ) | (72,783 | ) |

PROVISIONS FOR LIABILITIES | 11 | (7,907 | ) | (15,609 | ) |

NET ASSETS | 378,828 |  | 381,905 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 1,002 |  | 1,002 |  |

Retained earnings | 377,826 |  | 380,903 |  |

SHAREHOLDERS' FUNDS | 378,828 |  | 381,905 |  |

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.

| BS Fabrications Limited (Registered number: 02673334) |

Balance Sheet - continued

31 January 2025

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 Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:

P Brown - Director

G F L Brown - Director

| BS Fabrications Limited (Registered number: 02673334) |

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| BS Fabrications 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.

| There were no material departures from that standard.

| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

| Related party exemption

| 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 the parent company of the group or those conducted under normal market conditions.

| Turnover

| Turnover represents the amount derived from the provision of goods and services to customers after deduction of trade discounts and value added tax.

| Income Recognition

| Income is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

| 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 | - | not provided

| Plant and machinery | - | 20% on cost and 10% on cost

| Fixtures and fittings | - | 15% on cost

| Motor vehicles | - | 25% on cost

| In the opinion of the directors, the freehold property is maintained to such a state of repair that its residual value is at least equal to the net book value. As a result the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews to ensure that the carrying value is not lower than the recoverable amount.

| Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

| Government grants

| Capital based grants are credited to the profit and loss account over the expected useful life of the asset.

| Revenue based grants are credited to the profit and loss account in the period to which they relate.

| Stocks

| Stocks are valued at the lower of cost and estimated selling price less costs to sell.

| Financial instruments

| Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

| BS Fabrications Limited (Registered number: 02673334) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 19 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2024 | 152,883 |  | 414,696 |  | 21,707 |  | 102,940 |  | 692,226 |  |

| Additions | 865 |  | 8,630 |  | 130 |  | - |  | 9,625 |  |

| At 31 January 2025 | 153,748 |  | 423,326 |  | 21,837 |  | 102,940 |  | 701,851 |  |

| DEPRECIATION

| At 1 February 2024 | - |  | 384,380 |  | 19,349 |  | 65,445 |  | 469,174 |  |

| Charge for year | - |  | 18,991 |  | 1,266 |  | 22,498 |  | 42,755 |  |

| At 31 January 2025 | - |  | 403,371 |  | 20,615 |  | 87,943 |  | 511,929 |  |

| NET BOOK VALUE

| At 31 January 2025 | 153,748 |  | 19,955 |  | 1,222 |  | 14,997 |  | 189,922 |  |

| At 31 January 2024 | 152,883 |  | 30,316 |  | 2,358 |  | 37,495 |  | 223,052 |  |

| BS Fabrications Limited (Registered number: 02673334) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 31,000 |  | 33,500 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 347,371 |  | 324,149 |  |

| Directors' current accounts | 4,300 |  | - |  |

351,671 |  | 324,149 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 21,500 |  | 34,346 |  |

| Other loans | 5,700 |  | - |  |

| Trade creditors | 108,739 |  | 150,346 |  |

| Amounts owed to group undertakings | 115,741 |  | 115,741 |  |

| Taxation and social security | 121,511 |  | 92,907 |  |

| Directors' current accounts | 607 |  | - |  |

| Accruals and deferred income | 10,124 |  | 16,732 |  |

| Deferred government grants | 400 |  | 400 |  |

384,322 |  | 410,472 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 1-2 years | 21,500 |  | 34,346 |  |

| Bank loans - 2-5 years | 32,445 |  | 28,437 |  |

| Deferred government grants | 9,600 |  | 10,000 |  |

63,545 |  | 72,783 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 16,687 |  | 16,687 |  |

| Between one and five years | 21,559 |  | 38,246 |  |

38,246 |  | 54,933 |  |

| BS Fabrications Limited (Registered number: 02673334) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 75,445 |  | 97,129 |  |

| Bank loans are secured with a fixed and floating charge over all assets of the company.

11. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 7,907 |  | 15,609 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 15,609 |  |

| Accelerated capital allowances | (7,702 | ) |

| Balance at 31 January 2025 | 7,907 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary | £1 | 1,000 |  | 1,000 |  |

| 2 | A Ordinary | £1 | 2 |  | 2 |  |

1,002 |  | 1,002 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 | 2024 |

£ | £ |

| G F L Brown

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 4,300 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 4,300 |  | - |  |

14. | PARENT COMPANY

| The parent company is Browns Fabrications Limited, a company registered in England and Wales. The registered office of the company is 6 Dodsworth Street, Albert Hill, Darlington, County Durham, DL1 2NG.