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Company Registration No. 09029728 (England and Wales)
Stokesley Metals Ltd Unaudited accounts for the year ended 31 March 2025
Stokesley Metals Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Stokesley Metals Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,080,166
2,289,354
Current assets
Inventories
51,500
50,100
Debtors
5
33,914
216,091
Cash at bank and in hand
4,122,255
2,924,662
4,207,669
3,190,853
Creditors: amounts falling due within one year
6
(1,933,870)
(990,517)
Net current assets
2,273,799
2,200,336
Total assets less current liabilities
4,353,965
4,489,690
Provisions for liabilities
Deferred tax
(372,175)
(350,712)
Net assets
3,981,790
4,138,978
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,981,690
4,138,878
Shareholders' funds
3,981,790
4,138,978
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by
A Farrow Director Company Registration No. 09029728
- 3 -
Stokesley Metals Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Stokesley Metals Ltd is a private company, limited by shares, registered in England and Wales, registration number 09029728. The registered office is Huckers Yard, Unit 6, Netherlands Way, Stallingbrough, DN41 8DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3% on cost
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 4 -
Stokesley Metals Ltd Notes to the Accounts for the year ended 31 March 2025
Deferred taxation
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 tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
509,814
3,016,932
455,913
5,690
17,500
4,005,849
Additions
-
134,000
37,881
-
-
171,881
At 31 March 2025
509,814
3,150,932
493,794
5,690
17,500
4,177,730
Depreciation
At 1 April 2024
39,837
1,420,149
239,132
4,227
13,150
1,716,495
Charge for the year
20,393
316,157
43,356
293
870
381,069
At 31 March 2025
60,230
1,736,306
282,488
4,520
14,020
2,097,564
Net book value
At 31 March 2025
449,584
1,414,626
211,306
1,170
3,480
2,080,166
At 31 March 2024
469,977
1,596,783
216,781
1,463
4,350
2,289,354
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
-
182,177
Accrued income and prepayments
33,914
33,914
33,914
216,091
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,390,384
508,603
Taxes and social security
384,726
359,488
Other creditors
158,760
122,426
1,933,870
990,517
7
Controlling party
The ultimate controlling party is Stokesley Tractors Limited, by virtue of its shareholding.
- 5 -
Stokesley Metals Ltd Notes to the Accounts for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 13 (2024: 11).
- 6 -