REGISTERED NUMBER: 02591355 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BALBY METALLURGICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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

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

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.

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 ) .

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

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

-

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