Egginton Forgings LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 548464

Egginton Forgings LTD

Filleted Unaudited Financial Statements

31 March 2025

Egginton Forgings LTD

Financial Statements

Year ended 31 March 2025

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Egginton Forgings LTD

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Egginton Forgings LTD

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Egginton Forgings LTD for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Egginton Forgings LTD in accordance with the terms of our engagement letter dated 16 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Egginton Forgings LTD and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Egginton Forgings LTD and its director for our work or for this report.

It is your duty to ensure that Egginton Forgings LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Egginton Forgings LTD. You consider that Egginton Forgings LTD is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Egginton Forgings LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

17 December 2025

Egginton Forgings LTD

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	515,928	523,154

Current assets

Stocks		50,000	312,000
Debtors	6	102,360	191,080
Cash at bank and in hand		973	971
		---------	---------
		153,333	504,051

Creditors: amounts falling due within one year	7	289,810	476,766
		---------	---------
Net current (liabilities)/assets		( 136,477)	27,285
		---------	---------
Total assets less current liabilities		379,451	550,439

Creditors: amounts falling due after more than one year	8	26,091	41,638
		---------	---------
Net assets		353,360	508,801
		---------	---------

Egginton Forgings LTD

Statement of Financial Position (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	15,000	15,000
Revaluation reserve	56,667	56,667
Profit and loss account	281,693	437,134
	---------	---------
Shareholders funds	353,360	508,801
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr S R Brooks
Director

Company registration number: 548464

Egginton Forgings LTD

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25/31 Allen Street, Sheffield, S3 7AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the year end date of 31 March 2025, the Statement of Financial Position reflects a net current liability position. There are sufficient external funds available for the directors to support the company, and for that reason the financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% reducing balance
Fixtures	-	10% reducing balance
Motor Vehicles	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 30 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	430,000	126,143	60,725	10,286	627,154
Additions	–	–	2,166	–	2,166
	---------	---------	--------	--------	---------
At 31 March 2025	430,000	126,143	62,891	10,286	629,320
	---------	---------	--------	--------	---------
Depreciation
At 1 April 2024	–	76,629	17,316	10,055	104,000
Charge for the year	–	4,951	4,395	46	9,392
	---------	---------	--------	--------	---------
At 31 March 2025	–	81,580	21,711	10,101	113,392
	---------	---------	--------	--------	---------
Carrying amount
At 31 March 2025	430,000	44,563	41,180	185	515,928
	---------	---------	--------	--------	---------
At 31 March 2024	430,000	49,514	43,409	231	523,154
	---------	---------	--------	--------	---------

Tangible assets held at valuation

The directors have considered the market value of the property and feel the current carrying value remains appropriate.

6. Debtors

	2025	2024
	£	£
Trade debtors	94,423	158,083
Other debtors	7,937	32,997
	---------	---------
	102,360	191,080
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	35,010	91,508
Trade creditors	43,601	233,166
Social security and other taxes	14,176	17,301
Other creditors	197,023	134,791
	---------	---------
	289,810	476,766
	---------	---------

Included within creditors above is an amount of £24,570 (2024: 78,729) which is secured by way of charge over the company assets. In addition, included within other creditors is an amount of £Nil (2024: 1,462) in respect of a hire purchase agreement secured on the relevant assets.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	26,091	41,638
	--------	--------

Included within creditors above is a bank loan of £23,442 (2024: £28,546) which is secured by way of charge over the company assets. A total of £Nil (2024: £6,479) of this bank loan is due for repayment after more than 5 years from the reporting date.

9. Post balance sheet events

In May 2025, the company sold its goodwill, customer contracts, stock and other assets to Scratchgard Limited. The sale occurred after the end of the reporting period and therefore represents a non-adjusting event. Accordingly, the financial statements do not reflect any adjustments arising from the sale. The transaction does not affect the company’s financial position as at 31 March 2025.

10. Director's advances, credits and guarantees

S R Brooks has a majority shareholding in the company and is therefore the ultimate controlling party. At 31 March 2025 there were Directors Loan Accounts outstanding as follows: S R Brooks £17,463 (2024: £25) S E Wilcockson £3,960 (2024: £3,960) R E Brooks £157,919 (2024: £105,594)