REGISTERED NUMBER: 00600612 (England and Wales)

Financial Statements

for the Year Ended 30 April 2025

for

Tru-Thread Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M P Creighton

SECRETARY:

Miss L J Guest

REGISTERED OFFICE:

c/o Rubbernek Fittings Limited

Lichfield Road

Brownhills

Walsall

West Midlands

WS8 6LH

BUSINESS ADDRESS:

Unit 3 Roman Park

Roman Way

Coleshill

Birmingham

B46 1HG

REGISTERED NUMBER:

00600612 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCCA ACA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

BANKERS:

Barclays Bank plc

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

6

70,582

82,502

CURRENT ASSETS

Stocks

7

375,981

305,680

Debtors

8

2,002,343

2,015,825

Cash at bank and in hand

759,634

666,568

3,137,958

2,988,073

CREDITORS

Amounts falling due within one year

9

(231,473

)

(178,769

)

NET CURRENT ASSETS

2,906,485

2,809,304

TOTAL ASSETS LESS CURRENT LIABILITIES

2,977,067

2,891,806

PROVISIONS FOR LIABILITIES

(14,582

)

(16,967

)

NET ASSETS

2,962,485

2,874,839

CAPITAL AND RESERVES

Called up share capital

12

108,200

108,200

Capital redemption reserve

92,000

92,000

Retained earnings

2,762,285

2,674,639

SHAREHOLDERS' FUNDS

2,962,485

2,874,839

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 director and authorised for issue on 27 October 2025 and were signed by:

M P Creighton - Director

1.	STATUTORY INFORMATION

Tru-Thread 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on cost and 10% on cost

Fixtures and fittings

-

20% on cost

Stocks & work-in-progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued on the completed proportion of the sales price less the material and labour cost.

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.

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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

5.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

8,466

8,160

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

84,214

806,233

890,447

Additions

-

8,858

8,858

At 30 April 2025

84,214

815,091

899,305

DEPRECIATION

At 1 May 2024

79,767

728,178

807,945

Charge for year

592

20,186

20,778

At 30 April 2025

80,359

748,364

828,723

NET BOOK VALUE

At 30 April 2025

3,855

66,727

70,582

At 30 April 2024

4,447

78,055

82,502

7.

STOCKS

2025

2024

£

£

Work-in-progress

354,774

289,083

Finished goods

21,207

16,597

375,981

305,680

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

233,845

240,240

Amounts owed by group undertakings

1,283,050

1,307,811

Other debtors

485,448

467,774

2,002,343

2,015,825

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

129,364

77,273

Taxation and social security

78,306

74,876

Other creditors

23,803

26,620

231,473

178,769

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

133,630

133,630

Between one and five years

534,520

534,520

In more than five years

478,841

612,471

1,146,991

1,280,621

11.	SECURED DEBTS

Composite Company Multilateral Guarantee dated 11 October 2005 given by R.F. Holdings Limited, Rubbernek Fittings Limited, Tru-Thread Limited, and R F Property & Estates Limited.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

108,000

Ordinary

£1

108,000

108,000

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

108,200

108,200

The ordinary share capital has a right to dividends, right to vote and a right to assets on winding up of the company.

The ordinary "A" shares are entitled to dividends, but have no rights to vote or rights to assets on winding up of the company.

The ordinary "B" shares are entitled to dividends, but have no rights to vote or rights to assets on winding up of the company.

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

14.	OTHER FINANCIAL COMMITMENTS

As at 30 April 2025, there were outstanding pension contributions £3.770 (2024: £3,665).

15.	RELATED PARTY DISCLOSURES

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Creighton.