REGISTERED NUMBER: 01707722 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASHVIN METALS (MIDLANDS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A B Dixon

J Howarth

I D Swinson

REGISTERED OFFICE:

Kings Court

Beacon Road

Poulton Industrial Estate

Poulton Le Fylde

Lancashire

FY6 8JE

REGISTERED NUMBER:

01707722 (England and Wales)

ACCOUNTANTS:

Xeinadin

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

BANKERS:

Barclays Bank PLC

1 Churchill Place

Canary Wharf

London

E14 5HP

FIXED ASSETS

Tangible assets

4

781,350

979,084

CURRENT ASSETS

Stocks

1,223,331

761,094

Debtors

5

1,288,099

1,000,309

Cash at bank

68,035

11,058

2,579,465

1,772,461

CREDITORS

Amounts falling due within one year

6

(1,475,909

)

(744,506

)

NET CURRENT ASSETS

1,103,556

1,027,955

TOTAL ASSETS LESS CURRENT LIABILITIES

1,884,906

2,007,039

CREDITORS

Amounts falling due after more than one year

7

(86,044

)

(219,193

)

PROVISIONS FOR LIABILITIES

(195,338

)

(240,245

)

NET ASSETS

1,603,524

1,547,601

CAPITAL AND RESERVES

Called up share capital

85,100

85,100

Share premium

425,000

425,000

Capital redemption reserve

5,000

5,000

Retained earnings

1,088,424

1,032,501

1,603,524

1,547,601

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.

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 9 December 2025 and were signed on its behalf by:

I D Swinson - Director

1.	STATUTORY INFORMATION

Ashvin Metals (Midlands) 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.

Going concern

The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on 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 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

1,678,138

78,793

189,166

9,284

1,955,381

Additions

135,600

8,687

-

750

145,037

Disposals

(237,475

)

-

(33,150

)

-

(270,625

)

At 31 March 2025

1,576,263

87,480

156,016

10,034

1,829,793

DEPRECIATION

At 1 April 2024

894,838

51,758

24,165

5,536

976,297

Charge for year

106,642

4,928

38,942

1,874

152,386

Eliminated on disposal

(58,575

)

-

(21,665

)

-

(80,240

)

At 31 March 2025

942,905

56,686

41,442

7,410

1,048,443

NET BOOK VALUE

At 31 March 2025

633,358

30,794

114,574

2,624

781,350

At 31 March 2024

783,300

27,035

165,001

3,748

979,084

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,057,653

819,161

Other debtors

230,446

181,148

1,288,099

1,000,309

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

129,656

146,618

Trade creditors

901,395

464,853

Taxation and social security

251,915

48,539

Other creditors

192,943

84,496

1,475,909

744,506

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

86,044

219,193

8.	ULTIMATE CONTROLLING PARTY

AML Newco Limited is the immediate parent and controlling party of the company, there is no one ultimate controlling party.