Company No: 03338140 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Kevin Paul Mccarthy
	Michaela Mccarthy

SECRETARY

Kevin Paul Mccarthy

REGISTERED OFFICE	Lion Barn Industrial Estate
	Needham Market
	Ipswich
	IP6 8NZ
	United Kingdom

COMPANY NUMBER

03338140 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	98,212		110,212
		98,212		110,212
Current assets
Stocks		11,000		14,000
Debtors	4	233,349		339,665
Cash at bank and in hand	5	486,278		313,853
		730,627		667,518
Creditors: amounts falling due within one year	6	( 229,998)		( 266,462)
Net current assets		500,629		401,056
Total assets less current liabilities		598,841		511,268
Provision for liabilities	7	( 23,902)		( 26,759)
Net assets		574,939		484,509
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		574,937		484,507
Total shareholder's funds		574,939		484,509

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Needham Fabrications Limited (registered number: 03338140) were approved and authorised for issue by the Board of Directors on 13 January 2026. They were signed on its behalf by:

Kevin Paul Mccarthy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Needham Fabrications Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lion Barn Industrial Estate, Needham Market, Ipswich, IP6 8NZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		8

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 July 2024	586,045		28,340		979		37,844		653,208
Additions	12,000		0		0		0		12,000
At 30 June 2025	598,045		28,340		979		37,844		665,208
Accumulated depreciation
At 01 July 2024	479,012		26,846		969		36,169		542,996
Charge for the financial year	23,207		373		2		418		24,000
At 30 June 2025	502,219		27,219		971		36,587		566,996
Net book value
At 30 June 2025	95,826		1,121		8		1,257		98,212
At 30 June 2024	107,033		1,494		10		1,675		110,212

4. Debtors

	2025		2024
	£		£
Trade debtors	145,270		126,136
Other debtors	88,079		213,529
	233,349		339,665

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	486,278		313,853

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	57,902		80,421
Amounts owed to Group undertakings	82,872		59,872
Taxation and social security	86,672		119,703
Other creditors	2,552		6,466
	229,998		266,462

7. Provision for liabilities

	2025		2024
	£		£
Other provisions	23,902		26,759

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to directors at 30 June 2025	7		91

Other related party transactions

	2025		2024
	£		£
Amounts owed to Zenon Properties Limited at 30 June 2025	80,595		59,872

During the year the company entered into transactions with Zenon Properties Limited.

Rent of £36,000 (2024 - £36,000) was paid to Zenon Properties Limited during the year.

Management charges of £23,000 (2024 - £23,000) were paid to Zenon Properties Limited during the year.

Dividends of £93,000 (2024 - £797,000) were paid to Zenon Properties Limited during the year.

At 30 June 2025 Claydon Precision Machining Limited owed the company a net (debtors less creditors and plus/minus expenses incurred) balance of £78,481 (2024 - £194,671).

The company is a wholly owned subsidiary of Zenon Properties Limited, a company registered in England and Wales. The company was under the control of Mr K P McCarthy and Mrs M McCarthy throughout the current and previous year. Mr & Mrs McCarthy are the only directors of the company and hold 100% of the shares in Zenon Properties Limited. Mr & Mrs McCarthy are the sole directors of Claydon Precision Machining Limited.