REGISTERED NUMBER: 06657202 (England and Wales)

Financial Statements

for the Year Ended 30 April 2025

for

FT Ductile Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Frazer

R Peberday

D M Thornton

REGISTERED OFFICE:

Unit 6B Eastern Park

Eastern Avenue

Lichfield

Staffordshire

WS13 7SY

REGISTERED NUMBER:

06657202 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCCA ACA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

5

26,149

-

CURRENT ASSETS

Stocks

1,074,497

125,000

Debtors

6

1,495,276

-

Cash at bank

499,969

-

3,069,742

125,000

CREDITORS

Amounts falling due within one year

7

(2,670,377

)

-

NET CURRENT ASSETS

399,365

125,000

TOTAL ASSETS LESS CURRENT LIABILITIES

425,514

125,000

CREDITORS

Amounts falling due after more than one year

8

(18,678

)

-

PROVISIONS FOR LIABILITIES

9

(6,537

)

-

NET ASSETS

400,299

125,000

CAPITAL AND RESERVES

Called up share capital

10

117

105

Capital redemption reserve

11

(12

)

-

Retained earnings

11

400,194

124,895

SHAREHOLDERS' FUNDS

400,299

125,000

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

D J Frazer - Director

1.	STATUTORY INFORMATION

FT Ductile 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

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.

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 etc

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

29,885

At 30 April 2025

29,885

DEPRECIATION

Charge for year

3,736

At 30 April 2025

3,736

NET BOOK VALUE

At 30 April 2025

26,149

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade debtors

1,481,267

-

Amounts owed by group undertakings

4,944

-

Directors' current accounts

9,065

-

1,495,276

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Hire purchase contracts

7,471

-

Trade creditors

1,071,828

-

Amounts owed to group undertakings

1,397,785

-

Tax

104,896

-

Social security and other taxes

18,284

-

VAT

7,140

-

Accrued expenses

62,973

-

2,670,377

-

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

(Unaudited)

£

£

Hire purchase contracts

18,678

-

9.	PROVISIONS FOR LIABILITIES

2025

2024

(Unaudited)

£

£

Deferred tax

6,537

-

Deferred

tax

£

Provided during year

6,537

Balance at 30 April 2025

6,537

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

NIL

Ordinary

£1

-

70

(2024 - 70 )

70

Ordinary A

£1

70

35

47

Ordinary B

£1

47

-

117

105

The following shares were issued during the year for cash at par :

27 Ordinary B shares of £1

All classes of shares have equal rights to dividends and hold voting rights. Ordinary A shares have rights in respect of te sale of the company or voluntary liquidation.

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 May 2024

124,895

-

124,895

Profit for the year

334,299

334,299

Dividends

(59,000

)

(59,000

)

Purchase of own shares

-

15

15

Cash share issue

-

(27

)

(27

)

At 30 April 2025

400,194

(12

)

400,182

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

13.	ULTIMATE CONTROLLING PARTY