JSF Stainless Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04618535

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		414,214		444,498
Investments	5		1,393		3,353

			415,607		447,851
CURRENT ASSETS
Stocks	6	591,826		525,756
Debtors	7	556,563		776,001
Cash at bank and in hand		812		-

		1,149,201		1,301,757
Creditors: Amounts Falling Due Within One Year	8	(967,182 )		(1,195,036 )

NET CURRENT ASSETS (LIABILITIES)			182,019		106,721

TOTAL ASSETS LESS CURRENT LIABILITIES			597,626		554,572

Creditors: Amounts Falling Due After More Than One Year	9		(227,442 )		(188,514 )

NET ASSETS			370,184		366,058

CAPITAL AND RESERVES
Called up share capital			94		200
Profit and Loss Account			370,090		365,858

SHAREHOLDERS' FUNDS			370,184		366,058

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JSF Stainless Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M A Ottewell

Director

20th October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

JSF Stainless Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04618535 . The registered office is Chase Road Alpha Park, Brownhills, Walsall, WS8 6JT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% reducing balane
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the 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 a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 25 (2024: 28)

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JSF Stainless Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	795,330	20,725	53,738	869,793
Additions	14,960	-	553	15,513

As at 31 March 2025	810,290	20,725	54,291	885,306

Depreciation
As at 1 April 2024	368,265	15,300	41,730	425,295
Provided during the period	42,904	868	2,025	45,797

As at 31 March 2025	411,169	16,168	43,755	471,092

Net Book Value
As at 31 March 2025	399,121	4,557	10,536	414,214

As at 1 April 2024	427,065	5,425	12,008	444,498

5. Investments

	Unlisted
	£
Cost
As at 1 April 2024	3,353
Disposals	(1,960 )

As at 31 March 2025	1,393

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1,393

As at 1 April 2024	3,353

6. Stocks

	2025	2024
	£	£
Stock	591,826	525,756

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	410,488	548,887
Other debtors	146,075	227,114

	556,563	776,001

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JSF Stainless Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	64,417	73,204
Trade creditors	262,859	367,149
Bank loans and overdrafts	36,922	15,110
Other loans	76,053	98,437
Other taxes and social security	103,057	119,262
Other creditors	423,874	521,874

	967,182	1,195,036

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	125,087	109,502
Bank loans	99,397	-
Other loans	2,958	79,012

	227,442	188,514

10. Reserves

The movement in the reserves is due to the repurchase of 6 £1 shares during the year at a premium.

11. Ultimate Controlling Party

The company's ultimate controlling party is M Ottewell by virtue of his ownership of the issued share capital in the company.

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