Straight Edge Manufacturing Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 03706409 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

STRAIGHT EDGE MANUFACTURING LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I R Wilson

Mrs J A Wilson

SECRETARY:

Mrs J A Wilson

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

03706409 (England and Wales)

ACCOUNTANTS:

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

126,308

144,354

CURRENT ASSETS

Inventories

602,614

623,406

Debtors

5

390,856

405,336

Cash at bank and in hand

98,362

200,912

1,091,832

1,229,654

CREDITORS

Amounts falling due within one year

6

518,163

591,936

NET CURRENT ASSETS

573,669

637,718

TOTAL ASSETS LESS CURRENT LIABILITIES

699,977

782,072

CREDITORS

Amounts falling due after more than one
year

7

(72,843

)

(100,662

)

PROVISIONS FOR LIABILITIES

(23,465

)

(23,409

)

NET ASSETS

603,669

658,001

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

603,569

657,901

SHAREHOLDERS' FUNDS

603,669

658,001

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

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

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 8th December 2025 and were signed on its behalf by:

I R Wilson - Director

1.	STATUTORY INFORMATION

Straight Edge Manufacturing 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.

The company continues to trade profitability and is expected to keep generating positive cash flows for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Revenue 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.

Improvements to property

-

4% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 34 (2024 - 38 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1st April 2024

109,715

376,395

52,028

3,656

541,794

Additions

-

14,036

-

14,036

Disposals

-

(34,934

)

-

(34,934

)

At 31st March 2025

109,715

355,497

52,028

3,656

520,896

DEPRECIATION

At 1st April 2024

4,389

340,993

50,839

1,219

397,440

Charge for year

4,388

11,313

1,189

1,218

18,108

Eliminated on disposal

-

(20,960

)

-

(20,960

)

At 31st March 2025

8,777

331,346

52,028

2,437

394,588

NET BOOK VALUE

At 31st March 2025

100,938

24,151

-

1,219

126,308

At 31st March 2024

105,326

35,402

1,189

2,437

144,354

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

317,781

336,143

Other debtors

50,642

50,000

Due from related companies

22,433

17,433

Prepayments

-

1,760

390,856

405,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

5,524

5,330

Hire purchase contracts

22,235

29,510

Trade creditors

300,002

349,326

Social security and other taxes

23,835

21,388

VAT

74,406

104,850

Directors' current accounts

245

Accruals and deferred income

91,916

81,287

518,163

591,936

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

5,612

5,364

Bank loans - 2-5 years

17,363

22,235

Bank loans more 5 yr by instal

1,543

2,503

Hire purchase contracts

48,325

70,560

72,843

100,662

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,543

2,503

8.	CONTROLLING PARTY

The company is controlled by the directors I R Wilson and Mrs J A Wilson who own the entire issued share capital.