REGISTERED NUMBER: 01140058 (England and Wales)

METAL CRAFT INDUSTRIES UK LTD

Unaudited Financial Statements

for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

Mr R P Larkin

Mrs J Larkin

Registered office:

Allen House

17-21 Paterson Road

Finedon Road Industrial Estate

Wellingborough

NN8 4BZ

Registered number:

01140058 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

4

1,613,391

1,682,557

CURRENT ASSETS

Stocks

267,707

275,365

Debtors

5

335,949

286,901

Cash at bank and in hand

38,576

149,939

642,232

712,205

CREDITORS

Amounts falling due within one year

6

309,324

242,326

NET CURRENT ASSETS

332,908

469,879

TOTAL ASSETS LESS CURRENT LIABILITIES

1,946,299

2,152,436

PROVISIONS FOR LIABILITIES

109,387

149,747

NET ASSETS

1,836,912

2,002,689

CAPITAL AND RESERVES

Called up share capital

952

952

Share premium

902

902

Revaluation reserve

7

976,056

955,944

Retained earnings

859,002

1,044,891

1,836,912

2,002,689

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

Mr R P Larkin - Director

1.	STATUTORY INFORMATION

Metal Craft Industries Uk 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.

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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost or valuation

At 1 March 2024

and 28 February 2025

1,400,000

1,640,283

3,040,283

Depreciation

At 1 March 2024

22,400

1,335,326

1,357,726

Charge for year

22,400

46,766

69,166

At 28 February 2025

44,800

1,382,092

1,426,892

Net book value

At 28 February 2025

1,355,200

258,191

1,613,391

At 29 February 2024

1,377,600

304,957

1,682,557

Cost or valuation at 28 February 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2023

894,374

-

894,374

Cost

505,626

1,640,283

2,145,909

1,400,000

1,640,283

3,040,283

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

505,626

505,626

Aggregate depreciation

210,647

210,647

Freehold land and buildings were valued on an open market basis on 25 July 2023 by Harwoods .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

304,895

212,942

Other debtors

31,054

73,959

335,949

286,901

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

44,691

24,843

Taxation and social security

34,962

34,469

Other creditors

229,671

183,014

309,324

242,326

7.

RESERVES

Revaluation

reserve

£

At 1 March 2024

955,944

Property revaluation

20,112

At 28 February 2025

976,056