REGISTERED NUMBER: 08065601 (England and Wales)

Advanced Metalcraft Limited

Unaudited Financial Statements for the Year Ended 31 May 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

K Barnes

Mrs V Barnes

Registered office:

Unit 14, 15 Francis Way

Bowthorpe

Norwich

Norfolk

NR5 9JA

Registered number:

08065601 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

174,858

76,642

Current assets

Stocks

122,500

122,500

Debtors

5

1,882,672

2,299,437

Cash at bank

351,961

443,929

2,357,133

2,865,866

Creditors

Amounts falling due within one year

6

1,141,656

1,683,679

Net current assets

1,215,477

1,182,187

Total assets less current liabilities

1,390,335

1,258,829

Creditors

Amounts falling due after more than one year

7

(75,933

)

(36,963

)

Provisions for liabilities

(43,715

)

(16,663

)

Net assets

1,270,687

1,205,203

Capital and reserves

Called up share capital

2

2

Retained earnings

1,270,685

1,205,201

1,270,687

1,205,203

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 5 December 2025 and were signed on its behalf by:

K Barnes - Director

1.	Statutory information

Advanced Metalcraft 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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be readily measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over goods sold;

- the amount of turnover can be measured reliably

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

16.67% on cost

Plant and machinery

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 60 (2024 - 59 ) .

4.	Tangible fixed assets

Improvements

to

Plant and

Office

property

machinery

equipment

£

£

£

Cost

At 1 June 2024

37,291

193,398

2,223

Additions

16,908

135,271

2,319

At 31 May 2025

54,199

328,669

4,542

Depreciation

At 1 June 2024

32,495

142,164

853

Charge for year

5,426

46,619

923

At 31 May 2025

37,921

188,783

1,776

Net book value

At 31 May 2025

16,278

139,886

2,766

At 31 May 2024

4,796

51,234

1,370

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 June 2024

83,661

22,290

338,863

Additions

-

1,997

156,495

At 31 May 2025

83,661

24,287

495,358

Depreciation

At 1 June 2024

70,946

15,763

262,221

Charge for year

3,179

2,132

58,279

At 31 May 2025

74,125

17,895

320,500

Net book value

At 31 May 2025

9,536

6,392

174,858

At 31 May 2024

12,715

6,527

76,642

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

Cost

Additions

121,631

At 31 May 2025

121,631

Depreciation

Charge for year

30,408

At 31 May 2025

30,408

Net book value

At 31 May 2025

91,223

5.

Debtors

31/5/25

31/5/24

£

£

Amounts falling due within one year:

Trade debtors

1,197,334

930,404

Amounts owed by associates

46,101

46,101

Other debtors

404,551

365,030

1,647,986

1,341,535

Amounts falling due after more than one year:

Trade debtors

234,686

957,902

Aggregate amounts

1,882,672

2,299,437

6.

Creditors: amounts falling due within one year

31/5/25

31/5/24

£

£

Bank loans and overdrafts

32,727

32,727

Hire purchase contracts

24,618

15,575

Trade creditors

1,009,038

1,280,651

Taxation and social security

-

(2,097

)

Other creditors

75,273

356,823

1,141,656

1,683,679

7.

Creditors: amounts falling due after more than one year

31/5/25

31/5/24

£

£

Bank loans

2,727

35,455

Hire purchase contracts

73,206

1,508

75,933

36,963