REGISTERED NUMBER: 04446433 (England and Wales)

STACEY PROCESSING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

2,439,533

2,899,401

CURRENT ASSETS

Stocks

26,500

25,062

Debtors

1,068,519

1,617,539

Cash at bank and in hand

375,896

431,289

1,470,915

2,073,890

CREDITORS

Amounts falling due within one year

(610,966

)

(965,462

)

NET CURRENT ASSETS

859,949

1,108,428

TOTAL ASSETS LESS CURRENT LIABILITIES

3,299,482

4,007,829

PROVISIONS FOR LIABILITIES

(496,574

)

(599,549

)

NET ASSETS

2,802,908

3,408,280

CAPITAL AND RESERVES

Called up share capital

45

45

Capital redemption reserve

55

55

Retained earnings

2,802,808

3,408,180

SHAREHOLDERS' FUNDS

2,802,908

3,408,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 November 2025 and were signed on its behalf by:

T Stacey - Director

J Stacey - Director

L Stacey - Director

1.	STATUTORY INFORMATION

Stacey Processing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04446433

Registered office:

Ryder Point Works

Wirksworth

Matlock

Derbyshire

DE4 4HE

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.

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and at variable rates 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 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 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

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.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

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 44 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

5,476,696

Additions

180,217

Disposals

(371,649

)

At 31 March 2025

5,285,264

DEPRECIATION

At 1 April 2024

2,577,295

Charge for year

425,976

Eliminated on disposal

(157,540

)

At 31 March 2025

2,845,731

NET BOOK VALUE

At 31 March 2025

2,439,533

At 31 March 2024

2,899,401

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

Totals

£

COST

At 1 April 2024

205,000

Transfer to ownership

(205,000

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

96,416

Charge for year

16,288

Transfer to ownership

(112,704

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

108,584

Outstanding amounts owing on hire purchase contracts are secured against the asset to which they relate.

5.	OTHER FINANCIAL COMMITMENTS

The company operates from freehold premises owned by an associated company. Rent is charged on an arm's length basis for its use. No formal lease agreement is in force for the ongoing use of the premises.

6.	RELATED PARTY DISCLOSURES

The total amount owed by the company to associated companies at the year end in relation to non-trading transactions was £Nil (2024: £4,500).

The total amount owed to the company by associated companies at the year end in relation to non-trading transactions was £Nil (2024: £98,838).

No interest is charged on outstanding loan balances between associated companies, which are repayable on demand.

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.

On the 16 April 2024 the company became a wholly owned subsidiary of Stacey Ltd by way of a share for share exchange.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings in the company's parent company Stacey Ltd.