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REGISTERED NUMBER: 02591355 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BALBY METALLURGICAL LIMITED

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

BALBY METALLURGICAL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | D P Windle

| P A Rogers

| SECRETARY: | D P Rogers

| REGISTERED OFFICE: | CT Stores

| Garter Street

| Sheffield

| S4 7QX

| REGISTERED NUMBER: | 02591355 (England and Wales)

| ACCOUNTANTS: | Marriott Gibbs Rees Wallis Limited

| Chartered Certified Accountants

| First Floor

| Unit 4, Broadfield Court

| Sheffield

| South Yorkshire

| S8 0XF

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 662,634 |  | 526,660 |  |

Investments | 5 | 4 |  | 4 |  |

662,638 |  | 526,664 |  |

CURRENT ASSETS

Stocks | 1,990,986 |  | 1,602,850 |  |

Debtors | 6 | 1,509,317 |  | 1,805,442 |  |

Cash at bank and in hand | 244,932 |  | 513,185 |  |

3,745,235 |  | 3,921,477 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,217,188 |  | 2,468,037 |  |

NET CURRENT ASSETS | 1,528,047 |  | 1,453,440 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,190,685 |  | 1,980,104 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (20,000 | ) | - |  |

PROVISIONS FOR LIABILITIES | (98,527 | ) | (78,292 | ) |

NET ASSETS | 2,072,158 |  | 1,901,812 |  |

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

BALANCE SHEET - continued

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 12,082 |  | 12,082 |  |

Capital redemption reserve | 7,918 |  | 7,918 |  |

Retained earnings | 2,052,158 |  | 1,881,812 |  |

2,072,158 |  | 1,901,812 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

D P Windle - Director

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Balby Metallurgical 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.

| 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.

| Exemption from preparing group accounts

| The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

| 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.

| Freehold land and buildings | - | 2% on cost

| Plant and machinery | - | 33% on cost and 15% on cost

| Motor vehicles | - | 20% on cost

| Investments in subsidiaries

| Fixed asset investments are stated at historical cost less provision for any diminution in value.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 17 (2024 - 16 ) .

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | TANGIBLE FIXED ASSETS

| Freehold |

| land and |  | Plant and |  | Motor |

| buildings |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 29 February 2024 | 481,856 |  | 543,792 |  | 119,609 |  | 1,145,257 |  |

| Additions | 2,450 |  | 97,070 |  | 108,905 |  | 208,425 |  |

| Disposals | - |  | (19,487 | ) | (77,509 | ) | (96,996 | ) |

| At 28 February 2025 | 484,306 |  | 621,375 |  | 151,005 |  | 1,256,686 |  |

| DEPRECIATION

| At 29 February 2024 | 86,151 |  | 442,497 |  | 89,949 |  | 618,597 |  |

| Charge for year | 7,787 |  | 37,703 |  | 12,726 |  | 58,216 |  |

| Eliminated on disposal | - |  | (19,486 | ) | (63,275 | ) | (82,761 | ) |

| At 28 February 2025 | 93,938 |  | 460,714 |  | 39,400 |  | 594,052 |  |

| NET BOOK VALUE

| At 28 February 2025 | 390,368 |  | 160,661 |  | 111,605 |  | 662,634 |  |

| At 28 February 2024 | 395,705 |  | 101,295 |  | 29,660 |  | 526,660 |  |

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

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 29 February 2024 | 59,000 |  | 34,164 |  | 93,164 |  |

| Additions | - |  | 65,590 |  | 65,590 |  |

| Disposals | - |  | (34,164 | ) | (34,164 | ) |

| At 28 February 2025 | 59,000 |  | 65,590 |  | 124,590 |  |

| DEPRECIATION

| At 29 February 2024 | 20,650 |  | 13,666 |  | 34,316 |  |

| Charge for year | 8,850 |  | 6,264 |  | 15,114 |  |

| Eliminated on disposal | - |  | (19,930 | ) | (19,930 | ) |

| At 28 February 2025 | 29,500 |  | - |  | 29,500 |  |

| NET BOOK VALUE

| At 28 February 2025 | 29,500 |  | 65,590 |  | 95,090 |  |

| At 28 February 2024 | 38,350 |  | 20,498 |  | 58,848 |  |

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

5. | FIXED ASSET INVESTMENTS

| Share in

| group

| undertakin

£ |

| COST

| At 29 February 2024

| and 28 February 2025 | 4 |  |

| NET BOOK VALUE

| At 28 February 2025 | 4 |  |

| At 28 February 2024 | 4 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,155,188 |  | 1,613,716 |  |

| Other debtors | 354,129 |  | 191,726 |  |

1,509,317 |  | 1,805,442 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 10,435 |  |

| Hire purchase contracts (see note 9) | 10,000 |  | 11,281 |  |

| Trade creditors | 892,965 |  | 960,369 |  |

| Corporation tax | 162,759 |  | 276,339 |  |

| Social security and other taxes | 10,005 |  | 9,334 |  |

| Other creditors | 508,896 |  | 368,539 |  |

| Directors' current accounts | 466,043 |  | 616,934 |  |

| Accrued expenses | 166,520 |  | 214,806 |  |

2,217,188 |  | 2,468,037 |  |

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

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | 20,000 |  | - |  |

BALBY METALLURGICAL LIMITED (REGISTERED NUMBER: 02591355)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 10,000 |  | 11,281 |  |

| Between one and five years | 20,000 |  | - |  |

30,000 |  | 11,281 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 30,000 |  | 11,281 |  |