IRIS Accounts Production v25.4.0.155 00606889 Board of Directors 1.7.24 30.6.25 30.6.25 Medium entities true true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00606889 2024-06-30 00606889 2025-06-30 00606889 2024-07-01 2025-06-30 00606889 2023-06-30 00606889 2023-07-01 2024-06-30 00606889 2024-06-30 00606889 ns15:EnglandWales 2024-07-01 2025-06-30 00606889 ns14:PoundSterling 2024-07-01 2025-06-30 00606889 ns10:Director1 2024-07-01 2025-06-30 00606889 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 00606889 ns10:MediumEntities 2024-07-01 2025-06-30 00606889 ns10:Audited 2024-07-01 2025-06-30 00606889 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 00606889 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-07-01 2025-06-30 00606889 ns10:FullAccounts 2024-07-01 2025-06-30 00606889 ns10:OrdinaryShareClass2 2024-07-01 2025-06-30 00606889 ns10:OrdinaryShareClass3 2024-07-01 2025-06-30 00606889 ns10:OrdinaryShareClass4 2024-07-01 2025-06-30 00606889 ns10:OrdinaryShareClass5 2024-07-01 2025-06-30 00606889 ns10:Director2 2024-07-01 2025-06-30 00606889 ns10:Director3 2024-07-01 2025-06-30 00606889 ns10:Director4 2024-07-01 2025-06-30 00606889 ns10:CompanySecretary1 2024-07-01 2025-06-30 00606889 ns10:RegisteredOffice 2024-07-01 2025-06-30 00606889 ns5:CurrentFinancialInstruments 2025-06-30 00606889 ns5:CurrentFinancialInstruments 2024-06-30 00606889 ns5:ShareCapital 2025-06-30 00606889 ns5:ShareCapital 2024-06-30 00606889 ns5:CapitalRedemptionReserve 2025-06-30 00606889 ns5:CapitalRedemptionReserve 2024-06-30 00606889 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 00606889 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 00606889 ns5:ShareCapital 2023-06-30 00606889 ns5:RetainedEarningsAccumulatedLosses 2023-06-30 00606889 ns5:CapitalRedemptionReserve 2023-06-30 00606889 ns5:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 00606889 ns5:CapitalRedemptionReserve 2023-07-01 2024-06-30 00606889 ns5:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 00606889 ns5:CapitalRedemptionReserve 2024-07-01 2025-06-30 00606889 ns10:HighestPaidDirector 2024-07-01 2025-06-30 00606889 ns10:HighestPaidDirector 2023-07-01 2024-06-30 00606889 ns5:OwnedAssets 2024-07-01 2025-06-30 00606889 ns5:OwnedAssets 2023-07-01 2024-06-30 00606889 12 2024-07-01 2025-06-30 00606889 12 2023-07-01 2024-06-30 00606889 ns10:OrdinaryShareClass2 2023-07-01 2024-06-30 00606889 ns10:OrdinaryShareClass3 2023-07-01 2024-06-30 00606889 ns10:OrdinaryShareClass4 2023-07-01 2024-06-30 00606889 ns10:OrdinaryShareClass5 2023-07-01 2024-06-30 00606889 ns5:LandBuildings 2024-06-30 00606889 ns5:LeaseholdImprovements 2024-06-30 00606889 ns5:PlantMachinery 2024-06-30 00606889 ns5:LandBuildings 2024-07-01 2025-06-30 00606889 ns5:LeaseholdImprovements 2024-07-01 2025-06-30 00606889 ns5:PlantMachinery 2024-07-01 2025-06-30 00606889 ns5:LandBuildings 2025-06-30 00606889 ns5:LeaseholdImprovements 2025-06-30 00606889 ns5:PlantMachinery 2025-06-30 00606889 ns5:LandBuildings 2024-06-30 00606889 ns5:LeaseholdImprovements 2024-06-30 00606889 ns5:PlantMachinery 2024-06-30 00606889 ns5:FurnitureFittings 2024-06-30 00606889 ns5:MotorVehicles 2024-06-30 00606889 ns5:ComputerEquipment 2024-06-30 00606889 ns5:FurnitureFittings 2024-07-01 2025-06-30 00606889 ns5:MotorVehicles 2024-07-01 2025-06-30 00606889 ns5:ComputerEquipment 2024-07-01 2025-06-30 00606889 ns5:FurnitureFittings 2025-06-30 00606889 ns5:MotorVehicles 2025-06-30 00606889 ns5:ComputerEquipment 2025-06-30 00606889 ns5:FurnitureFittings 2024-06-30 00606889 ns5:MotorVehicles 2024-06-30 00606889 ns5:ComputerEquipment 2024-06-30 00606889 ns5:CostValuation ns5:UnlistedNon-exchangeTraded 2024-06-30 00606889 ns5:UnlistedNon-exchangeTraded 2025-06-30 00606889 ns5:UnlistedNon-exchangeTraded 2024-06-30 00606889 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 00606889 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 00606889 ns5:WithinOneYear 2025-06-30 00606889 ns5:WithinOneYear 2024-06-30 00606889 ns5:BetweenOneFiveYears 2025-06-30 00606889 ns5:BetweenOneFiveYears 2024-06-30 00606889 ns5:AllPeriods 2025-06-30 00606889 ns5:AllPeriods 2024-06-30 00606889 ns5:DeferredTaxation 2024-06-30 00606889 ns5:DeferredTaxation 2024-07-01 2025-06-30 00606889 ns5:DeferredTaxation 2025-06-30 00606889 ns10:OrdinaryShareClass2 2025-06-30 00606889 ns10:OrdinaryShareClass3 2025-06-30 00606889 ns10:OrdinaryShareClass4 2025-06-30 00606889 ns10:OrdinaryShareClass5 2025-06-30 00606889 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 00606889 ns5:CapitalRedemptionReserve 2024-06-30

REGISTERED NUMBER: 00606889 (England and Wales)

| STRATEGIC REPORT, REPORT OF THE DIRECTORS AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| ARTHUR STEPHENSON (ENGINEERS) LTD |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 3 |

| Report of the Independent Auditors | 4 |

| Income statement | 8 |

| Statement of Financial Position | 9 |

| Statement of Changes in Equity | 10 |

| Statement of Cash Flows | 11 |

| Notes to the Statement of Cash Flows | 12 |

| Notes to the Financial Statements | 13 |

| ARTHUR STEPHENSON (ENGINEERS) LTD |

COMPANY INFORMATION

for the Year Ended 30 June 2025

| DIRECTORS: | A N Stephenson

| R A Stephenson

| J A Stephenson

| T J Stephenson

| SECRETARY: | A N Stephenson

| REGISTERED OFFICE: | Gibfield Works

| Colliery Lane off Bag Lane

| Atherton

| Manchester

| M46 0RD

| REGISTERED NUMBER: | 00606889 (England and Wales)

| AUDITORS: | Fairhurst Audit Services Ltd

| Statutory Auditor

| Chartered Accountants

| Douglas Bank House

| Wigan Lane

| Wigan

| Lancashire

| WN1 2TB

| BANKERS: | Handelsbanken

| 6 The Courtyard

| Calvin Street

| Bolton

| Lancashire

| BL1 8PB

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

STRATEGIC REPORT

for the Year Ended 30 June 2025

The directors present their strategic report for the year ended 30 June 2025.

REVIEW OF BUSINESS

Turnover for the year ended 30 June 2025 was £12.6m compared to £10.7m for the year to 30 June 2024. A gross margin of 41.7% was achieved compared to 36.7% in the previous year, whilst administrative expenses totalled £2.6m (2024: £2.4m) resulting in a pleasing operating profit of £2.7m (2024: £1.5m).

KPI's

Senior management continually monitor sales, margins, production and customer orders and use these as the business's KPI's.

PRINCIPAL RISKS AND UNCERTAINTIES

Oil and steel prices and exchange rate fluctuations can impact on the company's margins, as well as customer demand for equipment. However with oil and steel prices currently in the middle range, the early indications are that the oil & gas market will start to recover, and if it does the business should be well placed to make the most of any upturn. We continue to maintain a strong balance sheet and have cash at hand if the right opportunity arises to invest in new business opportunities.

On the financial front we have no bank debt and through management of our customers and suppliers as diligently as we can our finances remain strong. We have worked hard to establish a good team, both on the shop floor and at management level, and feel we are well positioned to take advantage of any upturn in business.

ON BEHALF OF THE BOARD:

T J Stephenson - Director

6 January 2026

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

REPORT OF THE DIRECTORS

for the Year Ended 30 June 2025

The directors present their report with the financial statements of the company for the year ended 30 June 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of precision engineering of medium to large sized machined components and fabrications.

DIVIDENDS

The total distribution of dividends for the year ended 30 June 2025 will be £531,392 (2024 - £415,928).

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2024 to the date of this report.

A N Stephenson

R A Stephenson

J A Stephenson

T J Stephenson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

T J Stephenson - Director

6 January 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ARTHUR STEPHENSON (ENGINEERS) LTD

Opinion

We have audited the financial statements of Arthur Stephenson (Engineers) Ltd (the 'company') for the year ended 30 June 2025 which comprise the Income statement, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ARTHUR STEPHENSON (ENGINEERS) LTD

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ARTHUR STEPHENSON (ENGINEERS) LTD

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- we identified the laws and regulations applicable to the company through discussions with directors and other

management, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on it's operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation,

employment legislation and Health and Safety regulations.

- we enquired of the directors and reviewed correspondence with HMRC for evidence of non-compliance with laws and regulations. We also reviewed controls the directors have in place to ensure compliance.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of

actual, suspected and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions;

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of

potential bias.

- we reviewed financial statements disclosures and tested to supporting documentation to assess compliance with

relevant laws and regulations discussed above;

- we enquired of the directors about actual and potential litigation and claims.

Due to inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material

misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

ARTHUR STEPHENSON (ENGINEERS) LTD

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

John B S Fairhurst BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

6 January 2026

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

INCOME STATEMENT

for the Year Ended 30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

TURNOVER | 12,643,258 |  | 10,731,154 |  |

Cost of sales | 7,365,955 |  | 6,797,183 |  |

GROSS PROFIT | 5,277,303 |  | 3,933,971 |  |

Administrative expenses | 2,589,903 |  | 2,414,858 |  |

OPERATING PROFIT | 4 | 2,687,400 |  | 1,519,113 |  |

Income from fixed asset investments | 499 |  | 484 |  |

Interest receivable and similar income | 36,608 |  | - |  |

|  |  | 37,107 |  |  |  |  | 484 |  |

PROFIT BEFORE TAXATION | 2,724,507 |  | 1,519,597 |  |

Tax on profit | 5 | 683,631 |  | 385,161 |  |

PROFIT FOR THE FINANCIAL YEAR | 2,040,876 |  | 1,134,436 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,040,876 |  | 1,134,436 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

STATEMENT OF FINANCIAL POSITION

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 7 | 968,256 |  | 1,030,679 |  |

Investments | 8 | 31,626 |  | 31,626 |  |

999,882 |  | 1,062,305 |  |

CURRENT ASSETS

Stocks | 9 | 1,053,041 |  | 1,369,179 |  |

Debtors | 10 | 2,958,734 |  | 3,264,231 |  |

Investments | 11 | 15,566 |  | 15,566 |  |

Cash at bank and in hand | 3,738,114 |  | 1,475,984 |  |

7,765,455 |  | 6,124,960 |  |

CREDITORS

Amounts falling due within one year | 12 | 2,233,063 |  | 2,148,608 |  |

NET CURRENT ASSETS | 5,532,392 |  | 3,976,352 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,532,274 |  | 5,038,657 |  |

PROVISIONS FOR LIABILITIES | 14 | 112,584 |  | 128,451 |  |

NET ASSETS | 6,419,690 |  | 4,910,206 |  |

CAPITAL AND RESERVES

Called up share capital | 15 | 1,700 |  | 1,700 |  |

Capital redemption reserve | 16 | 300 |  | 300 |  |

Retained earnings | 16 | 6,417,690 |  | 4,908,206 |  |

SHAREHOLDERS' FUNDS | 6,419,690 |  | 4,910,206 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2026 and were signed on its behalf by:

T J Stephenson - Director

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

STATEMENT OF CHANGES IN EQUITY

for the Year Ended 30 June 2025

| Called up |  | Capital |

| share |  | Retained |  | redemption |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 July 2023 | 1,700 |  | 4,189,698 |  | 300 |  | 4,191,698 |  |

Changes in equity

Profit for the year | - |  | 1,134,436 |  | - |  | 1,134,436 |  |

Total comprehensive income | - |  | 1,134,436 |  | - |  | 1,134,436 |  |

Dividends | - |  | (415,928 | ) | - |  | (415,928 | ) |

Balance at 30 June 2024 | 1,700 |  | 4,908,206 |  | 300 |  | 4,910,206 |  |

Changes in equity

Profit for the year | - |  | 2,040,876 |  | - |  | 2,040,876 |  |

Total comprehensive income | - |  | 2,040,876 |  | - |  | 2,040,876 |  |

Dividends | - |  | (531,392 | ) | - |  | (531,392 | ) |

Balance at 30 June 2025 | 1,700 |  | 6,417,690 |  | 300 |  | 6,419,690 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

STATEMENT OF CASH FLOWS

for the Year Ended 30 June 2025

| 2025 |  | 2024

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 3,186,472 |  | 1,253,787 |  |

Tax paid | (354,828 | ) | (160,714 | ) |

Net cash from operating activities | 2,831,644 |  | 1,093,073 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (78,146 | ) | (212,326 | ) |

Sale of tangible fixed assets | 2,917 |  | - |  |

Interest received | 36,608 |  | - |  |

Dividends received | 499 |  | 484 |  |

Net cash from investing activities | (38,122 | ) | (211,842 | ) |

Cash flows from financing activities

Equity dividends paid | (531,392 | ) | (415,928 | ) |

Net cash from financing activities | (531,392 | ) | (415,928 | ) |

Increase in cash and cash equivalents | 2,262,130 |  | 465,303 |  |

Cash and cash equivalents at beginning of year | 2 | 1,475,984 |  | 1,010,681 |  |

Cash and cash equivalents at end of year | 2 | 3,738,114 |  | 1,475,984 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE STATEMENT OF CASH FLOWS

for the Year Ended 30 June 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2025 |  | 2024

£ | £ |

| Profit before taxation | 2,724,507 |  | 1,519,597 |  |

| Depreciation charges | 137,869 |  | 124,789 |  |

| Profit on disposal of fixed assets | (217 | ) | - |  |

| Finance income | (37,107 | ) | (484 | ) |

2,825,052 |  | 1,643,902 |  |

| Decrease in stocks | 316,138 |  | 49,120 |  |

| Decrease/(increase) in trade and other debtors | 305,497 |  | (835,349 | ) |

| (Decrease)/increase in trade and other creditors | (260,215 | ) | 396,114 |  |

| Cash generated from operations | 3,186,472 |  | 1,253,787 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

| Year ended 30 June 2025

| 30/6/25 |  | 1/7/24

£ | £ |

| Cash and cash equivalents | 3,738,114 |  | 1,475,984 |  |

| Year ended 30 June 2024

| 30/6/24 |  | 1/7/23

£ | £ |

| Cash and cash equivalents | 1,475,984 |  | 1,010,681 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1/7/24 | Cash flow | At 30/6/25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 1,475,984 |  | 2,262,130 |  | 3,738,114 |  |

1,475,984 |  | 2,262,130 |  | 3,738,114 |  |

| Liquid resources |

| Current asset investments | 15,566 |  | - |  | 15,566 |  |

15,566 |  | - |  | 15,566 |  |

| Total | 1,491,550 |  | 2,262,130 |  | 3,753,680 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Arthur Stephenson (Engineers) Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Preparation of consolidated financial statements

| The financial statements contain information about Arthur Stephenson (Engineers) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 405 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as the inclusion of its subsidiary is not material for the purpose of giving a true and fair view.

| Significant judgements and estimates

| Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

| a) Useful economic lives

| The useful economic lives of fixed assets are assessed on an annual basis on the latest available information. Management believes that the useful economic lives being used currently are still appropriate.

| b) Plate stocks

| Plate stocks are valued according to differing ratios to estimate the scrap value of steel recorded in stock at the year end. Management believe that the ratio between the scrap element and the manufacturing element is appropriate based on the levels of scrap being recorded.

| c) Work in progress

| Work in progress is valued at selling price less margin to approximate to cost plus labour and overheads. The margin adjustment is assessed by management each year.

| Turnover

| The whole of the turnover is attributable to the company's principal activities, which, in the opinion of the directors, constitutes one class of business.

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied, stated net of Value Added Tax.

| The company recognises revenue when the significant risks and rewards of ownership has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are stated at cost less depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property |  | - |  | 2% on cost |  |

| Improvements to property |  | - |  | over the remaining term of the lease |  |

| Plant and machinery |  | - |  | 20% on reducing balance |  |

| Fixtures and fittings |  | - |  | 15% on reducing balance |  |

| Motor vehicles |  | - |  | 25% on reducing balance |  |

| Computer equipment |  | - |  | 25% on reducing balance |  |

| Impairment of assets

| At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

| Stocks and work in progress

| Plate stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

| Work in progress is valued at selling price less margin to approximate to cost plus labour and overheads. Each project is assessed as to the degree of completion. No element of profit is included in the valuation of work in progress.

| 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 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.

| Short term employee benefits

| Short-term employee benefits are recognised as an expense in the period in which they are incurred.

| The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Fixed asset investments

| Fixed asset investments in shares in group undertakings are stated at cost or valuation less any impairment.

| Current asset investments

| Current asset investments are carried at fair value in the balance sheet, with any adjustments to the market price of the shares recognised through the income statement.

| Financial instruments

| Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

| Short term financial liabilities, including trade and other creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due, those payable after one year should be measured at amortised cost, using the effective interest rate method.

3. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,420,751 |  | 3,303,174 |  |

| Social security costs | 391,008 |  | 371,801 |  |

| Other pension costs | 96,076 |  | 90,663 |  |

3,907,835 |  | 3,765,638 |  |

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Management | 6 |  | 6 |  |

| Engineers | 4 |  | 4 |  |

| Sales | 4 |  | 4 |  |

| Administration | 5 |  | 5 |  |

| Production | 46 |  | 47 |  |

65 |  | 66 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 497,534 |  | 619,504 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 200,537 |  | 284,252 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 137,869 |  | 124,789 |  |

| Profit on disposal of fixed assets | (217 | ) | - |  |

| Auditors' remuneration | 8,150 |  | 7,750 |  |

| Property rental | 77,750 |  | 77,750 |  |

5. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 699,590 |  | 354,920 |  |

| Prior year tax | (92 | ) | - |  |

| Total current tax | 699,498 |  | 354,920 |  |

| Deferred tax | (15,867 | ) | 30,241 |  |

| Tax on profit | 683,631 |  | 385,161 |  |

| UK corporation tax has been charged at 25% .

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 2,724,507 |  | 1,519,597 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 681,127 |  | 379,899 |  |

| Effects of:

| Expenses not deductible for tax purposes | - |  | 2,663 |  |

| Income not taxable for tax purposes | (125 | ) | (121 | ) |

| Adjustments to tax charge in respect of previous periods | (92 | ) | - |  |

| Fixed asset timing differences | 18,588 |  | (27,521 | ) |

| Remeasurement of deferred tax | (15,867 | ) | 30,241 |  |

| Total tax charge | 683,631 |  | 385,161 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

6. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| A Ordinary shares of £1 each |

| Interim | 149,999 |  | - |  |

| B Ordinary shares of £1 each |

| Interim paid | 200,003 |  | 144,541 |  |

| C Ordinary shares of £1 each |

| Interim | 81,390 |  | 171,387 |  |

| D Ordinary shares of £1 each |

| Interim | 100,000 |  | 100,000 |  |

531,392 |  | 415,928 |  |

7. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 July 2024 | 693,750 |  | 41,237 |  | 4,291,178 |  |

| Additions | - |  | - |  | 42,738 |  |

| Disposals | - |  | - |  | - |  |

| At 30 June 2025 | 693,750 |  | 41,237 |  | 4,333,916 |  |

| DEPRECIATION

| At 1 July 2024 | 230,971 |  | 41,237 |  | 3,745,709 |  |

| Charge for year | 12,675 |  | - |  | 114,623 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 30 June 2025 | 243,646 |  | 41,237 |  | 3,860,332 |  |

| NET BOOK VALUE

| At 30 June 2025 | 450,104 |  | - |  | 473,584 |  |

| At 30 June 2024 | 462,779 |  | - |  | 545,469 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

7. | TANGIBLE FIXED ASSETS - continued

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 42,312 |  | 77,700 |  | 106,768 |  | 5,252,945 |  |

| Additions | - |  | 35,408 |  | - |  | 78,146 |  |

| Disposals | - |  | (20,950 | ) | - |  | (20,950 | ) |

| At 30 June 2025 | 42,312 |  | 92,158 |  | 106,768 |  | 5,310,141 |  |

| DEPRECIATION

| At 1 July 2024 | 37,971 |  | 64,009 |  | 102,369 |  | 4,222,266 |  |

| Charge for year | 651 |  | 8,820 |  | 1,100 |  | 137,869 |  |

| Eliminated on disposal | - |  | (18,250 | ) | - |  | (18,250 | ) |

| At 30 June 2025 | 38,622 |  | 54,579 |  | 103,469 |  | 4,341,885 |  |

| NET BOOK VALUE

| At 30 June 2025 | 3,690 |  | 37,579 |  | 3,299 |  | 968,256 |  |

| At 30 June 2024 | 4,341 |  | 13,691 |  | 4,399 |  | 1,030,679 |  |

8. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST OR VALUATION

| At 1 July 2024

| and 30 June 2025 | 31,626 |  |

| NET BOOK VALUE

| At 30 June 2025 | 31,626 |  |

| At 30 June 2024 | 31,626 |  |

| Cost or valuation at 30 June 2025 is represented by:

| Unlisted

| investments

£ |

| Valuation in 2003 | 30,000 |  |

| Valuation in 2006 | 1,626 |  |

31,626 |  |

| The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| Subsidiary |  | Principal Activity | % Holding |  | Direct/Indirect Holding |

| Edward Ormerod & Co Limited |  | Dormant | 100% |  | Direct |

| This company is registered in England and Wales. |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

9. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 146,483 |  | 138,671 |  |

| Work in progress | 906,558 |  | 1,230,508 |  |

1,053,041 |  | 1,369,179 |  |

10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,886,471 |  | 3,184,236 |  |

| Other debtors | 72,263 |  | 79,995 |  |

2,958,734 |  | 3,264,231 |  |

11. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Listed investments | 15,566 |  | 15,566 |  |

| Market value of listed investments at 30 June 2025 - £ 15,717 (2024 - £ 12,906 ).

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 953,443 |  | 1,200,056 |  |

| Tax | 699,590 |  | 354,920 |  |

| Social security and other taxes | 475,191 |  | 484,591 |  |

| Other creditors | 31,626 |  | 31,626 |  |

| Accrued expenses | 73,213 |  | 77,415 |  |

2,233,063 |  | 2,148,608 |  |

13. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 77,750 |  | 77,750 |  |

| Between one and five years | 110,146 |  | 187,896 |  |

187,896 |  | 265,646 |  |

14. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 112,584 |  | 128,451 |  |

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

14. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 128,451 |  |

| Credit to Income statement during year | (15,867 | ) |

| Balance at 30 June 2025 | 112,584 |  |

15. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 682 | A Ordinary | £1 | 682 |  | 682 |  |

| 767 | B Ordinary | £1 | 767 |  | 767 |  |

| 166 | C Ordinary | £1 | 166 |  | 166 |  |

| 85 | D Ordinary | £1 | 85 |  | 85 |  |

1,700 |  | 1,700 |  |

| During the year, the shares in the company have been redesignated as A Ordinary, B Ordinary, C Ordinary and D Ordinary shares.

16. | RESERVES

| Capital |

| Retained |  | redemption |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 July 2024 | 4,908,206 |  | 300 |  | 4,908,506 |  |

| Profit for the year | 2,040,876 |  | - |  | 2,040,876 |  |

| Dividends | (531,392 | ) | - |  | (531,392 | ) |

| At 30 June 2025 | 6,417,690 |  | 300 |  | 6,417,990 |  |

| Retained earnings includes all current and prior retained period profits and losses.

| The capital redemption reserve includes the nominal value of shares repurchased by the company.

17. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme for its directors and other eligible employees. The assets of the scheme are held separately from those of the company in independently administered funds. Contributions to the scheme for the year amounted to £96,076 (2024 - £90,663) and at the year end there were £19,569 (2024 - £18,036) of unpaid contributions.

18. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

ARTHUR STEPHENSON (ENGINEERS) LTD (REGISTERED NUMBER: 00606889) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2025

18. | RELATED PARTY DISCLOSURES - continued

| The company's premises are situated on land partly-owned by the Arthur Stephenson Pension Fund. Two of the directors, A N Stephenson and Mrs J A Stephenson are trustees of the Pension Fund. The annual rent payable on the land is £77,750.

19. | ULTIMATE CONTROLLING PARTY

| The directors have ultimate control of the company.