REGISTERED NUMBER: 04728955 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

K2 Aluminium Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Butler

P M Tannock

REGISTERED OFFICE:

2 Sovereign Way

Maritime Business Park

Birkenhead

Wirral

CH41 1DL

REGISTERED NUMBER:

04728955 (England and Wales)

ACCOUNTANTS:

Graham & Fisher Limited

T/A Grahams

Chartered Accountants

30 Birkenhead Road

Hoylake

Wirral

CH47 3BW

FIXED ASSETS

Tangible assets

4

453,068

388,681

CURRENT ASSETS

Stocks

86,923

194,340

Debtors

5

153,821

192,802

Cash at bank and in hand

1,042,242

670,661

1,282,986

1,057,803

CREDITORS

Amounts falling due within one year

6

902,770

774,404

NET CURRENT ASSETS

380,216

283,399

TOTAL ASSETS LESS CURRENT LIABILITIES

833,284

672,080

CREDITORS

Amounts falling due after more than one year

7

(78,111

)

(72,052

)

PROVISIONS FOR LIABILITIES

(12,623

)

(17,247

)

NET ASSETS

742,550

582,781

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

742,440

582,671

SHAREHOLDERS' FUNDS

742,550

582,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 15 January 2026 and were signed on its behalf by:

G Butler - Director

1.	STATUTORY INFORMATION

K2 Aluminium Systems 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.

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.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on reducing balance and 10% on cost

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.

Financial instruments

Creditors due after one year is a mortgage secured on the property and a hire purchase loan for plant & machinery. Interest is charged to the profit & loss account as it is incurred.

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.

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 28 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

302,251

567,239

869,490

Additions

-

149,999

149,999

Disposals

-

(11,999

)

(11,999

)

At 30 June 2025

302,251

705,239

1,007,490

DEPRECIATION

At 1 July 2024

78,585

402,224

480,809

Charge for year

6,045

79,187

85,232

Eliminated on disposal

-

(11,619

)

(11,619

)

At 30 June 2025

84,630

469,792

554,422

NET BOOK VALUE

At 30 June 2025

217,621

235,447

453,068

At 30 June 2024

223,666

165,015

388,681

The Freehold Property has been depreciated at a rate of 1% on a straight line basis. Valuers have confirmed that due to the nature of the property it is impossible to value the land separately from the buildings. As such, the directors feel that this rate is prudent when they are taken together as a whole.

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

Plant and

machinery

etc

£

COST

At 1 July 2024

50,295

Additions

107,869

At 30 June 2025

158,164

DEPRECIATION

At 1 July 2024

17,504

Charge for year

35,166

At 30 June 2025

52,670

NET BOOK VALUE

At 30 June 2025

105,494

At 30 June 2024

32,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

13,842

66,025

Other debtors

139,979

126,777

153,821

192,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

30,000

30,000

Hire purchase contracts

34,910

25,026

Trade creditors

409,517

398,917

Taxation and social security

214,908

178,721

Other creditors

213,435

141,740

902,770

774,404

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

2,500

32,500

Hire purchase contracts

75,611

39,552

78,111

72,052

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

4,330

8.	CAPITAL COMMITMENTS

30.6.25

30.6.24

£

£

Contracted but not provided for in the

financial statements

2,624

2,624

9.	RELATED PARTY DISCLOSURES

Mr G Butler & Mr P Tannock are also directors and shareholders in K2 Trade Windows & Doors Ltd and during the year K2 Aluminium Systems Ltd purchased goods from this company totalling £36,000 (2024 - £42,500) and sold goods to this company totalling £Nil (2024 - £Nil). The amount due to this company is £79,986 and is included in other creditors.