REGISTERED NUMBER: 05560387 (England and Wales)

Metalfab Engineering Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G Robinson

Mrs C A Robinson

M A Smith

Mrs A Robinson

Mrs A Smith

SECRETARY:

Mrs C A Robinson

REGISTERED OFFICE:

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

BUSINESS ADDRESS:

Unit 5 & 6 Ballard Court

Off Cooks Lane

Sittingbourne

Kent

ME10 2QF

REGISTERED NUMBER:

05560387 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

1,665,083

1,762,371

CURRENT ASSETS

Inventories

9,000

10,000

Debtors

5

611,711

651,508

Investments

6

50,100

-

Cash at bank

1,239,033

1,214,471

1,909,844

1,875,979

CREDITORS

Amounts falling due within one year

7

853,892

908,417

NET CURRENT ASSETS

1,055,952

967,562

TOTAL ASSETS LESS CURRENT LIABILITIES

2,721,035

2,729,933

CREDITORS

Amounts falling due after more than one year

8

(520,121

)

(645,467

)

PROVISIONS FOR LIABILITIES

(44,940

)

(68,708

)

NET ASSETS

2,155,974

2,015,758

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,155,874

2,015,658

SHAREHOLDERS' FUNDS

2,155,974

2,015,758

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 23 October 2025 and were signed on its behalf by:

G Robinson - Director

M A Smith - Director

1.	STATUTORY INFORMATION

Metalfab Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income recognition

Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the period (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

25% on reducing balance

Inventories

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 15 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,651,161

480,380

2,131,541

Additions

-

50,553

50,553

Disposals

-

(132,758

)

(132,758

)

At 31 March 2025

1,651,161

398,175

2,049,336

DEPRECIATION

At 1 April 2024

127,033

242,137

369,170

Charge for year

34,322

59,300

93,622

Eliminated on disposal

-

(78,539

)

(78,539

)

At 31 March 2025

161,355

222,898

384,253

NET BOOK VALUE

At 31 March 2025

1,489,806

175,277

1,665,083

At 31 March 2024

1,524,128

238,243

1,762,371

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

491,180

468,385

Other debtors

120,531

183,123

611,711

651,508

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

50,100

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,802

31,225

Finance leases (see note 9)

15,799

21,606

Trade creditors

543,721

463,526

Taxation and social security

192,525

327,742

Other creditors

69,045

64,318

853,892

908,417

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

477,719

509,227

Finance leases (see note 9)

42,402

136,240

520,121

645,467

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

344,753

392,738

9.	LEASING AGREEMENTS

The company has total other operating lease commitments at 31 March 2025 of £127,165.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Finance leases

58,201

157,846

Bank loans

497,437

517,182

555,638

675,028

The bank loan is secured by a fixed and floating charge over all the property or undertaking of the company.

The finance leases are secured against the relevant assets.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

G Robinson

Balance outstanding at start of year

20,989

4,325

Amounts advanced

17,278

20,989

Amounts repaid

(20,989

)

(4,325

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,278

20,989

M A Smith

Balance outstanding at start of year

8,649

2,214

Amounts advanced

18,981

8,649

Amounts repaid

(8,649

)

(2,214

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,981

8,649

Mrs C A Robinson

Balance outstanding at start of year

43,608

26,319

Amounts advanced

25,471

43,608

Amounts repaid

(43,608

)

(26,319

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,471

43,608

Interest is charged at the HMRC official rate on loans to directors that exceed the HMRC exempt amount. The loans are repayable on demand.