ASSOCIATED INDUSTRIES LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D A Wilson

SECRETARY:

G D Estabrooks

REGISTERED OFFICE:

Cleveland House

118 Cleveland Street

Birkenhead

Wirral

CH41 3RB

REGISTERED NUMBER:

01855796 (England and Wales)

FIXED ASSETS

Tangible assets

4

323,450

333,261

Investments

5

1

1

323,451

333,262

CURRENT ASSETS

Stocks

508,178

711,286

Debtors

6

1,419,264

1,364,732

Cash at bank and in hand

11,020

23,161

1,938,462

2,099,179

CREDITORS

Amounts falling due within one year

7

1,023,960

1,193,622

NET CURRENT ASSETS

914,502

905,557

TOTAL ASSETS LESS CURRENT LIABILITIES

1,237,953

1,238,819

CREDITORS

Amounts falling due after more than one year

8

(191,927

)

(262,248

)

PROVISIONS FOR LIABILITIES

(69,433

)

(41,451

)

NET ASSETS

976,593

935,120

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

975,593

934,120

SHAREHOLDERS' FUNDS

976,593

935,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 17th December 2025 and were signed by:

D A Wilson - Director

1.	STATUTORY INFORMATION

Associated Industries 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.

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

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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from related parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

292,696

137,264

46,807

476,767

Additions

18,000

4,764

5,000

27,764

Disposals

(11,775

)

-

-

(11,775

)

At 31st March 2025

298,921

142,028

51,807

492,756

DEPRECIATION

At 1st April 2024

8,193

112,246

23,067

143,506

Charge for year

16,748

4,972

4,080

25,800

At 31st March 2025

24,941

117,218

27,147

169,306

NET BOOK VALUE

At 31st March 2025

273,980

24,810

24,660

323,450

At 31st March 2024

284,503

25,018

23,740

333,261

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

and 31st March 2025

1

NET BOOK VALUE

At 31st March 2025

1

At 31st March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,085,135

879,106

Other debtors

334,129

485,626

1,419,264

1,364,732

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

83,513

115,726

Hire purchase contracts

11,578

11,578

Trade creditors

580,238

598,834

Taxation and social security

80,289

74,032

Other creditors

268,342

393,452

1,023,960

1,193,622

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

188,703

250,787

Hire purchase contracts

3,224

11,461

191,927

262,248

Amounts falling due in more than five years:

Repayable by instalments

Bank loan + 5 years

1,467

8,898

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

43,299

Bank loans

272,216

323,214

Hire purchase contracts

14,802

23,039

287,018

389,552

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £158,875 (2024: £263,368) owed to D A Wilson the director of the company.