Aston Alloys Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06233293 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

ASTON ALLOYS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S G Betts

Mrs H Betts

SECRETARY:

Mrs H Betts

REGISTERED OFFICE:

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

REGISTERED NUMBER:

06233293 (England and Wales)

ACCOUNTANTS:

Howards Limited

Chartered Certified Accountants

Newport House

Newport Road

Stafford

Staffordshire

ST16 1DA

FIXED ASSETS

Tangible assets

5

406,230

385,258

Investments

6

66,440

472,670

451,698

CURRENT ASSETS

Stocks

305,000

384,892

Debtors

7

970,419

1,025,802

Prepayments and accrued income

11,101

14,231

Cash at bank

303,939

387,925

1,590,459

1,812,850

CREDITORS

Amounts falling due within one year

8

(400,456

)

(502,919

)

NET CURRENT ASSETS

1,190,003

1,309,931

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,662,673

1,761,629

CREDITORS

Amounts falling due after more than one
year

9

(84,154

)

(91,181

)

PROVISIONS FOR LIABILITIES

(41,473

)

(33,337

)

ACCRUALS AND DEFERRED INCOME

(9,876

)

(11,589

)

NET ASSETS

1,527,170

1,625,522

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

43,205

Retained earnings

1,483,865

1,582,217

SHAREHOLDERS' FUNDS

1,527,170

1,625,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 4 November 2025 and were signed on its behalf by:

Mr S G Betts - Director

Mrs H Betts - Director

1.	STATUTORY INFORMATION

Aston Alloys Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06233293 and the registered office address is Newport House, Newport Road, Stafford, Staffordshire, ST16 1DA.

The principal activity of the company is that of steel stockholders.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Functional currency

The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates

In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured are valued at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an ongoing basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on an "first in first out" basis and provision is made for slow moving or obsolete stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions 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, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Investments

Other investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss with any gain or loss being transferred to a fair value reserve where their value can be measured reliably.

Where a gain is realised upon sale of the investments, a transfer from the non-distributable fair value reserve is made to retained earnings.

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

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.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue In operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The directors of the company have reported a healthy profit for the year. The company continues to be cash generative and continues to meet its obligations as they fall due.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Impairment of non financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 June 2024

200,000

375,332

115,385

34,431

725,148

Additions

-

73,366

33,699

2,008

109,073

Disposals

-

(27,492

)

-

(27,492

)

At 31 May 2025

200,000

448,698

121,592

36,439

806,729

DEPRECIATION

At 1 June 2024

-

301,477

17,029

21,384

339,890

Charge for year

-

32,775

33,888

3,435

70,098

Eliminated on disposal

-

(9,489

)

-

(9,489

)

At 31 May 2025

-

334,252

41,428

24,819

400,499

NET BOOK VALUE

At 31 May 2025

200,000

114,446

80,164

11,620

406,230

At 31 May 2024

200,000

73,855

98,356

13,047

385,258

Cost or valuation at 31 May 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

Valuation in 2018

18,000

-

18,000

Valuation in 2019

15,000

-

15,000

Valuation in 2021

20,000

-

20,000

Cost

147,000

448,698

121,592

36,439

753,729

200,000

448,698

121,592

36,439

806,729

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

147,000

Freehold property was valued on a best estimate basis on 31 May 2025 by the directors .

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

Plant and

Motor

machinery

vehicles

Totals

£

COST OR VALUATION

At 1 June 2024

46,215

79,192

125,407

Additions

-

33,699

Disposals

-

(27,492

)

(27,492

)

Transfer to ownership

(46,215

)

-

(46,215

)

At 31 May 2025

-

85,399

DEPRECIATION

At 1 June 2024

33,725

9,489

43,214

Charge for year

-

26,725

Eliminated on disposal

-

(9,489

)

(9,489

)

Transfer to ownership

(33,725

)

-

(33,725

)

At 31 May 2025

-

26,725

NET BOOK VALUE

At 31 May 2025

-

58,674

At 31 May 2024

12,490

69,703

82,193

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

Other investments

66,440

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

542,397

587,785

Other debtors

428,022

438,017

970,419

1,025,802

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

17,950

17,475

Hire purchase contracts and finance leases

16,221

31,963

Trade creditors

238,002

213,855

Taxation and social security

128,205

239,548

Other creditors

78

400,456

502,919

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

30,328

48,681

Hire purchase contracts and finance leases

53,826

42,500

84,154

91,181

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

48,278

66,156

Hire purchase contracts and finance leases

70,047

74,463

118,325

140,619

There exists a debenture in favour of the bank dated 30/09/2013, incorporating fixed and floating charges . Hire purchase liabilities are secured against the fixed assets to which they relate.

11.	OTHER FINANCIAL COMMITMENTS

The company has total future operating lease commitments of £2,057 (2024: £10,285).

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

Mr S G Betts and Mrs H Betts

Balance outstanding at start of year

300,636

183,959

Amounts advanced

186,799

316,677

Amounts repaid

(200,000

)

(200,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

287,435

300,636

13.	POST BALANCE SHEET EVENTS

There are no significant events to report or group matters.