REGISTERED NUMBER: 02405658 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

REFMET CERAMICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J Lawrence

SECRETARY:

L C Lawrence

REGISTERED OFFICE:

First Floor

Unit 4

Broadfield Court

Sheffield

South Yorkshire

S8 0XF

REGISTERED NUMBER:

02405658 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

1,333

168

Investments

5

388,292

382,270

389,625

382,438

CURRENT ASSETS

Debtors

6

52,657

113,787

Cash at bank

772,657

865,355

825,314

979,142

CREDITORS

Amounts falling due within one year

7

146,856

248,461

NET CURRENT ASSETS

678,458

730,681

TOTAL ASSETS LESS CURRENT LIABILITIES

1,068,083

1,113,119

PROVISIONS FOR LIABILITIES

45,696

56,155

NET ASSETS

1,022,387

1,056,964

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

262,231

252,099

Retained earnings

9

760,056

804,765

SHAREHOLDERS' FUNDS

1,022,387

1,056,964

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

T J Lawrence - Director

1.	STATUTORY INFORMATION

Refmet Ceramics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of ceramic materials and ancillary equipment during the period.

Tangible fixed assets

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset Class

Depreciation method and rate

Computer equipment

25% straight line

Fixtures, fittings and equipment

20% reducing balance

Financial instruments

Investments in shares are measured at fair value with changes recognised in profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Where fair value cannot be measured reliably they are stated at cost less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,632

Additions

1,446

At 31 March 2025

3,078

DEPRECIATION

At 1 April 2024

1,464

Charge for year

281

At 31 March 2025

1,745

NET BOOK VALUE

At 31 March 2025

1,333

At 31 March 2024

168

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2024

382,270

Revaluations

6,022

At 31 March 2025

388,292

NET BOOK VALUE

At 31 March 2025

388,292

At 31 March 2024

382,270

Listed investments have been revalued on an open market basis using the published share price information.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

40,166

84,415

Other debtors

12,491

29,372

52,657

113,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

22,419

37,205

Taxation and social security

9,549

20,384

Other creditors

114,888

190,872

146,856

248,461

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

1,037

3,111

Between one and five years

-

1,037

1,037

4,148

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

804,765

252,099

1,056,864

Deficit for the year

(34,577

)

(34,577

)

Revaluation of investments

(6,022

)

6,022

-

Deferred tax on revaluation

(4,110

)

4,110

-

At 31 March 2025

760,056

262,231

1,022,287

10.	RELATED PARTY DISCLOSURES

T J Lawrence - Director and majority shareholder

At the balance sheet date the amount owed to T J Lawrence was £31,155 (2024 - £54,771).

L C Lawrence - Significant shareholder

At the balance sheet date the amount owed to L C Lawrence was £38,392 (2024 - £86,875).