Marl Bank Sheet Metal Co. (1977) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01104802 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Marl Bank Sheet Metal Co. (1977) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F J Raw

N J Raw

REGISTERED OFFICE:

Unit 5 Derwent Close

Worcester

WR4 9TY

REGISTERED NUMBER:

01104802 (England and Wales)

ACCOUNTANTS:

Sysum Howard Duggan Accountants Ltd

Unit 14

Elgar Business Centre

Moseley Road

Worcester

Worcestershire

WR2 6NJ

FIXED ASSETS

Intangible assets

4

3,000

Tangible assets

5

401,148

328,214

404,148

331,214

CURRENT ASSETS

Stocks

18,650

88,684

Debtors

6

137,078

138,721

Cash at bank

-

149,060

155,728

376,465

CREDITORS

Amounts falling due within one year

7

110,853

96,800

NET CURRENT ASSETS

44,875

279,665

TOTAL ASSETS LESS CURRENT
LIABILITIES

449,023

610,879

CREDITORS

Amounts falling due after more than
one year

8

(263,837

)

(288,943

)

PROVISIONS FOR LIABILITIES

(788

)

(896

)

NET ASSETS

184,398

321,040

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

183,398

320,040

184,398

321,040

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 17 December 2025 and were signed on its behalf by:

N J Raw - Director

F J Raw - Director

1.	STATUTORY INFORMATION

Marl Bank Sheet Metal Co. (1977) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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

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 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

3,000

NET BOOK VALUE

At 31 March 2025

3,000

At 31 March 2024

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 April 2024

326,500

128,937

4,928

12,828

473,193

Revaluations

73,500

-

73,500

At 31 March 2025

400,000

128,937

4,928

12,828

546,693

DEPRECIATION

At 1 April 2024

-

127,223

4,928

12,828

144,979

Charge for year

-

566

-

566

At 31 March 2025

-

127,789

4,928

12,828

145,545

NET BOOK VALUE

At 31 March 2025

400,000

1,148

-

401,148

At 31 March 2024

326,500

1,714

-

328,214

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2025

73,500

-

73,500

Cost

326,500

128,937

4,928

12,828

473,193

400,000

128,937

4,928

12,828

546,693

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

137,078

109,446

Other debtors

-

6,024

VAT

-

19,017

Prepayments and accrued income

-

4,234

137,078

138,721

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

18,190

-

Trade creditors

41,167

50,934

Social security and other taxes

9,236

6,797

VAT

6,802

-

Other creditors

18,421

22,032

Directors' loan accounts

15,303

Accruals and deferred income

1,734

110,853

96,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Bank loans more 5 yr by instal

263,837

288,943

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

263,837

288,943