REGISTERED NUMBER: 02581355 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

AFL Engineering (N.E) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Lucas

REGISTERED OFFICE:

Unit 5

Wagonway Industrial Estate

Hebburn

Tyne and Wear

NE31 1SP

REGISTERED NUMBER:

02581355 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

189,067

172,324

189,067

172,324

CURRENT ASSETS

Stocks

7

125,860

107,216

Debtors

8

176,494

195,056

Cash at bank and in hand

163,046

172,059

465,400

474,331

CREDITORS

Amounts falling due within one year

9

116,442

116,494

NET CURRENT ASSETS

348,958

357,837

TOTAL ASSETS LESS CURRENT LIABILITIES

538,025

530,161

PROVISIONS FOR LIABILITIES

9,311

6,326

NET ASSETS

528,714

523,835

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Capital redemption reserve

2,097

2,097

Retained earnings

525,617

520,738

SHAREHOLDERS' FUNDS

528,714

523,835

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 director acknowledges his 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 director and authorised for issue on 28 November 2025 and were signed by:

I Lucas - Director

1.	STATUTORY INFORMATION

AFL Engineering (N.E) 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Freehold property has not been depreciated in this financial year or the last financial year as the director is of the opinion that the market value of the property exceeds its current book 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 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

10,000

AMORTISATION

At 1 June 2024

and 31 May 2025

10,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

171,082

544,188

10,995

1,654

727,919

Additions

-

34,000

-

-

34,000

Disposals

-

(50,000

)

-

-

(50,000

)

At 31 May 2025

171,082

528,188

10,995

1,654

711,919

DEPRECIATION

At 1 June 2024

44,778

501,096

9,121

600

555,595

Charge for year

-

9,503

469

285

10,257

Eliminated on disposal

-

(43,000

)

-

-

(43,000

)

At 31 May 2025

44,778

467,599

9,590

885

522,852

NET BOOK VALUE

At 31 May 2025

126,304

60,589

1,405

769

189,067

At 31 May 2024

126,304

43,092

1,874

1,054

172,324

7.

STOCKS

31.5.25

31.5.24

£

£

Stocks

125,860

107,216

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

124,014

131,003

Other debtors

52,480

64,053

176,494

195,056

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

43,523

51,023

Taxation and social security

36,460

35,515

Other creditors

36,459

29,956

116,442

116,494

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000