REGISTERED NUMBER: 04932785 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

N.S. WILMOT (SHEET METAL FABRICATION)

LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

N S Wilmot

Mrs T M Wilmot

SECRETARY:

Mrs T M Wilmot

REGISTERED OFFICE:

Unit 30

The Industrial Estate

Hutton Cranswick

Driffield

East Yorkshire

YO25 9PF

REGISTERED NUMBER:

04932785 (England and Wales)

ACCOUNTANTS:

Cheetham Allen

Chartered Accountants

17 Wright Street

Hull

East Yorkshire

HU2 8HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

62,276

19,383

62,276

19,383

CURRENT ASSETS

Stocks

12,425

12,335

Debtors

6

38,503

27,753

50,928

40,088

CREDITORS

Amounts falling due within one year

7

63,452

44,995

NET CURRENT LIABILITIES

(12,524

)

(4,907

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,752

14,476

CREDITORS

Amounts falling due after more than one year

8

(24,800

)

-

PROVISIONS FOR LIABILITIES

10

(11,832

)

(3,683

)

NET ASSETS

13,120

10,793

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

13,020

10,693

SHAREHOLDERS' FUNDS

13,120

10,793

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd November 2025 and were signed on its behalf by:

N S Wilmot - Director

1.	STATUTORY INFORMATION

N.S. Wilmot (Sheet Metal Fabrication) 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.

Turnover

Turnover represents net invoiced sales of manufactured products, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicle

-

25% 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.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

20,000

AMORTISATION

At 1st April 2024

and 31st March 2025

20,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicle

Totals

£

£

£

£

COST

At 1st April 2024

187,333

4,410

23,950

215,693

Additions

-

3,436

47,960

51,396

Disposals

-

-

(23,950

)

(23,950

)

At 31st March 2025

187,333

7,846

47,960

243,139

DEPRECIATION

At 1st April 2024

170,844

3,914

21,552

196,310

Charge for year

4,123

983

1,599

6,705

Eliminated on disposal

-

-

(22,152

)

(22,152

)

At 31st March 2025

174,967

4,897

999

180,863

NET BOOK VALUE

At 31st March 2025

12,366

2,949

46,961

62,276

At 31st March 2024

16,489

496

2,398

19,383

The net book value of tangible fixed assets includes £ 54,050 (2024 - £ 7,563 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

35,758

24,680

Amounts recoverable on contracts

2,745

3,073

38,503

27,753

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank overdraft

21,633

20,004

Hire purchase contracts

15,200

1,300

Trade creditors

4,412

7,363

Taxation and social security

9,534

10,982

Other creditors

12,673

5,346

63,452

44,995

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,800

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

21,633

20,004

Hire purchase contracts

40,000

1,300

61,633

21,304

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

11,832

3,683

Deferred

tax

£

Balance at 1st April 2024

3,683

Accelerated capital allowances

8,149

Balance at 31st March 2025

11,832

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100