The Patent Ferrule Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00609557 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

The Patent Ferrule Company Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S C Shoebotham

J K Shoebotham

D K Shoebotham

A F Young

SECRETARY:

S C Shoebotham

REGISTERED OFFICE:

Unit 2

East Moons Moat Indust Estate

Alders Drive

Redditch

Worcestershire

B98 0RF

REGISTERED NUMBER:

00609557 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Patent Ferrule Company Limited for the year ended 30 June 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Patent Ferrule Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Patent Ferrule Company Limited and state those matters that we have agreed to state to the Board of Directors of The Patent Ferrule Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Patent Ferrule Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Patent Ferrule Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Patent Ferrule Company Limited. You consider that The Patent Ferrule Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Patent Ferrule Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

13 November 2025

FIXED ASSETS

Tangible assets

4

1,611,160

1,688,272

Investments

5

20,707

4,905

1,631,867

1,693,177

CURRENT ASSETS

Stocks

27,718

80,290

Debtors

260,614

292,080

Cash at bank and in hand

195,640

178,755

483,972

551,125

CREDITORS

Amounts falling due within one year

237,267

297,661

NET CURRENT ASSETS

246,705

253,464

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,878,572

1,946,641

CREDITORS

Amounts falling due after more than one year

(8,761

)

(38,710

)

PROVISIONS FOR LIABILITIES

(91,078

)

(181,500

)

NET ASSETS

1,778,733

1,726,431

CAPITAL AND RESERVES

Called up share capital

4,902

Fair value reserve

6

534,271

393,004

Retained earnings

6

1,239,560

1,328,525

1,778,733

1,726,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement and an abridged Balance Sheet for the year ended 30 June 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 13 November 2025 and were signed on its behalf by:

S C Shoebotham - Director

1.	STATUTORY INFORMATION

The Patent Ferrule Company 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.	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.

Preparation of consolidated financial statements

The financial statements contain information about The Patent Ferrule Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Freehold property

-

2% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 July 2024

2,995,211

Additions

13,167

At 30 June 2025

3,008,378

DEPRECIATION

At 1 July 2024

1,306,937

Charge for year

90,281

At 30 June 2025

1,397,218

NET BOOK VALUE

At 30 June 2025

1,611,160

At 30 June 2024

1,688,274

Cost or valuation at 30 June 2025 is represented by:

Totals

£

Valuation in 2018

413,622

Cost

2,594,756

3,008,378

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

2025

2024

£

Cost

896,378

Aggregate depreciation

250,844

Value of land in freehold land and buildings

1,310,000

Freehold land and buildings were valued on an open market basis basis on 1 June 2018 by John Truslove, Chartered Surveyors .

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 July 2024

4,905

Additions

15,073

Revaluations

729

At 30 June 2025

20,707

NET BOOK VALUE

At 30 June 2025

20,707

At 30 June 2024

4,905

Cost or valuation at 30 June 2025 is represented by:

Totals

£

Valuation in 2025

729

Cost

19,978

20,707

6.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 July 2024

1,328,525

393,004

1,721,529

Profit for the year

10,302

Dividends

(30,000

)

(30,000

)

Transfer

(69,267

)

141,267

72,000

At 30 June 2025

1,239,560

534,271

1,773,831

7.	CONTINGENT LIABILITIES

There were no material contingent liabilities at the balance sheet date.

8.	POST BALANCE SHEET EVENTS

There were no material post balance sheet events.