Stow Forge Fabrications Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05753624 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stow Forge Fabrications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P G Stow

Mrs C L Stow

SECRETARY:

Mrs C L Stow

REGISTERED OFFICE:

Stow Farm Kennels

Spratts Lane

Little Bromley

Manningtree

Essex

CO11 2PR

REGISTERED NUMBER:

05753624 (England and Wales)

ACCOUNTANTS:

Clacton Business Services Ltd

Chartered Accountants

Hurlingham Chambers

61 Station Road

Clacton on Sea

Essex

CO15 1SD

FIXED ASSETS

Intangible assets

4

7,500

8,750

Tangible assets

5

53,489

24,687

60,989

33,437

CURRENT ASSETS

Stocks

35,500

32,075

Debtors

6

39,963

45,012

Cash at bank

2,464

1

77,927

77,088

CREDITORS

Amounts falling due within one year

7

121,688

94,758

NET CURRENT LIABILITIES

(43,761

)

(17,670

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,228

15,767

CREDITORS

Amounts falling due after more than one
year

8

25,927

31,483

NET LIABILITIES

(8,699

)

(15,716

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(8,701

)

(15,718

)

(8,699

)

(15,716

)

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 30 December 2025 and were signed on its behalf by:

P G Stow - Director

1.	STATUTORY INFORMATION

Stow Forge Fabrications 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.

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 etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

25,000

AMORTISATION

At 1 April 2024

16,250

Charge for year

1,250

At 31 March 2025

17,500

NET BOOK VALUE

At 31 March 2025

7,500

At 31 March 2024

8,750

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

-

66,468

Additions

31,542

1,500

33,042

At 31 March 2025

31,542

67,968

99,510

DEPRECIATION

At 1 April 2024

-

41,781

Charge for year

-

4,240

At 31 March 2025

-

46,021

NET BOOK VALUE

At 31 March 2025

31,542

21,947

53,489

At 31 March 2024

-

24,687

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

4,662

3,840

Other debtors

35,301

41,172

39,963

45,012

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

5,556

6,604

Trade creditors

15,023

18,557

Taxation and social security

4,957

5,971

Other creditors

96,152

63,626

121,688

94,758

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Bank loans

25,927

31,483

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,704

9,260

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

P G Stow and Mrs C L Stow

Balance outstanding at start of year

41,172

10,433

Amounts advanced

65,470

102,310

Amounts repaid

(71,341

)

(71,571

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

35,301

41,172

10.	OTHER CREDITORS

Other Creditors includes a balance of £47,550 (£25,076 - 2024) owed to Stow Forge & Daughters Ltd, an associated company of Stow Forge Fabrications Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stow Forge Fabrications Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stow Forge Fabrications Limited, as a body, in accordance with the terms of our engagement letter dated 21 December 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Stow Forge Fabrications Limited and state those matters that we have agreed to state to the Board of Directors of Stow Forge Fabrications Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stow Forge Fabrications Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stow Forge Fabrications Limited 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 profit of Stow Forge Fabrications Limited. You consider that Stow Forge Fabrications Limited 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 Stow Forge Fabrications Limited. 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.

Clacton Business Services Ltd

Chartered Accountants

Hurlingham Chambers

61 Station Road

Clacton on Sea

Essex

CO15 1SD

30 December 2025