REGISTERED NUMBER: 09960624 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

INGLEMERE METALS (BLACKPOOL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A B Dixon

I D Swinson

REGISTERED OFFICE:

C/O Ashvin Metals Ltd

Kings Court Beacon Road

Poulton Industrial Estate

Poulton-Le-Fylde

Lancashire

FY6 8JE

REGISTERED NUMBER:

09960624 (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

Intangible assets

4

5,836

11,668

Tangible assets

5

1,915,622

2,070,773

1,921,458

2,082,441

CURRENT ASSETS

Stocks

6

29,383

26,033

Debtors

7

142,446

161,043

Cash at bank

171,503

59,183

343,332

246,259

CREDITORS

Amounts falling due within one year

8

(564,222

)

(636,519

)

NET CURRENT LIABILITIES

(220,890

)

(390,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,700,568

1,692,181

CREDITORS

Amounts falling due after more than one year

9

(304,349

)

(317,227

)

PROVISIONS FOR LIABILITIES

(260,627

)

(324,435

)

NET ASSETS

1,135,592

1,050,519

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,135,492

1,050,419

1,135,592

1,050,519

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

Inglemere Metals (Blackpool) 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, 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.

Improvements to property

-

Straight line over 12 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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 19 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

58,328

AMORTISATION

At 1 April 2024

46,660

Amortisation for year

5,832

At 31 March 2025

52,492

NET BOOK VALUE

At 31 March 2025

5,836

At 31 March 2024

11,668

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

740,245

7,200

1,370,601

Additions

-

-

238,162

Disposals

-

-

(59,340

)

At 31 March 2025

740,245

7,200

1,549,423

DEPRECIATION

At 1 April 2024

-

4,501

265,632

Charge for year

-

2,699

256,547

Eliminated on disposal

-

-

(16,340

)

At 31 March 2025

-

7,200

505,839

NET BOOK VALUE

At 31 March 2025

740,245

-

1,043,584

At 31 March 2024

740,245

2,699

1,104,969

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

22,941

334,360

18,566

2,493,913

Additions

-

-

-

238,162

Disposals

-

-

-

(59,340

)

At 31 March 2025

22,941

334,360

18,566

2,672,735

DEPRECIATION

At 1 April 2024

9,247

129,045

14,715

423,140

Charge for year

5,736

83,590

1,741

350,313

Eliminated on disposal

-

-

-

(16,340

)

At 31 March 2025

14,983

212,635

16,456

757,113

NET BOOK VALUE

At 31 March 2025

7,958

121,725

2,110

1,915,622

At 31 March 2024

13,694

205,315

3,851

2,070,773

6.

STOCKS

2025

2024

£

£

Stocks

29,383

26,033

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

85,484

151,459

Prepayments

56,962

9,584

142,446

161,043

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

160,016

126,282

Trade creditors

66,344

56,868

Social security and other taxes

8,980

11,069

VAT

237,682

274,265

Other creditors

294

85,380

Accruals and deferred income

90,906

82,655

564,222

636,519

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

304,349

317,227

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £49,000 (2024 - £24,500) were paid to the directors .