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COMPANY REGISTRATION NUMBER: 04856855

Paxton Sheet Metal Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

Paxton Sheet Metal Limited

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 122,286 | 49,828

Current assets

Stocks | 400 | 400
Debtors | 6 | 141,807 | 134,795
Cash at bank and in hand | 180,655 | 210,252
| --------- | ---------
| 322,862 | 345,447

Creditors: amounts falling due within one year | 7 | 186,252 | 167,440
| --------- | ---------
Net current assets | 136,610 | 178,007
| --------- | ---------
Total assets less current liabilities | 258,896 | 227,835

Creditors: amounts falling due after more than one year | 8 | 68,365 | 29,744

Provisions

Deferred taxation | 10,484 | 12,457
| --------- | ---------
Net assets | 180,047 | 185,634
| --------- | ---------

Capital and reserves

Called up share capital | 56 | 56
Capital redemption reserve | 44 | 44
Profit and loss account | 179,947 | 185,534
| --------- | ---------
Shareholders funds | 180,047 | 185,634
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Paxton Sheet Metal Limited

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 22 January 2026 , and are signed on behalf of the board by:

G J Shaw
Director

Company registration number: 04856855

Paxton Sheet Metal Limited

Notes to the Financial Statements

Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The company's trading address is 11 Little End Road, Eaton Socon, St Neots, Cambridgeshire, PE19 3JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for work done and goods supplied, stated net of discounts and of value added tax. In respect of long-term contracts, turnover is recognised with reference to the stage of completion at the end of the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% reducing balance
| Fixtures and fittings | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance
| Office equipment | - | 25% straight line

Stocks
Raw materials and consumables are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated as the invoiced price of goods net of VAT and trade discounts.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Pension contributions
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).
5. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Office equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 September 2024 | 45,383 | 6,826 | 43,245 | 2,009 | 97,463
Additions | – | – | 98,488 | – | 98,488
Disposals | – | – | ( 18,250) | – | ( 18,250)
| -------- | ------- | --------- | ------- | ---------
At 31 August 2025 | 45,383 | 6,826 | 123,483 | 2,009 | 177,701
| -------- | ------- | --------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 September 2024 | 25,565 | 5,533 | 16,009 | 528 | 47,635
Charge for the year | 4,954 | 323 | 12,798 | 416 | 18,491
Disposals | – | – | ( 10,711) | – | ( 10,711)
| -------- | ------- | --------- | ------- | ---------
At 31 August 2025 | 30,519 | 5,856 | 18,096 | 944 | 55,415
| -------- | ------- | --------- | ------- | ---------
Carrying amount |  |  |  |  |
At 31 August 2025 | 14,864 | 970 | 105,387 | 1,065 | 122,286
| -------- | ------- | --------- | ------- | ---------
At 31 August 2024 | 19,818 | 1,293 | 27,236 | 1,481 | 49,828
| -------- | ------- | --------- | ------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 126,920 | 121,174
Other debtors | 14,887 | 13,621
| --------- | ---------
| 141,807 | 134,795
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans | 4,958 | 4,958
Trade creditors | 63,218 | 42,863
Social security and other taxes | 90,875 | 99,927
Other creditors | 27,201 | 19,692
| --------- | ---------
| 186,252 | 167,440
| --------- | ---------

The bank loan of £4,958 (2024: £4,958) has been provided to the company under the Bounce Back Loan Scheme. Included within other creditors is an amount of £17,488 (2024: £9,948) relating to liabilities under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans | 21,234 | 26,944
Other creditors | 47,131 | 2,800
| -------- | --------
| 68,365 | 29,744
| -------- | --------

The bank loan of £21,234 (2024: £26,944) has been provided to the company under the Bounce Back Loan Scheme. Included within other creditors is an amount of £47,131 (2024: £2,800) relating to liabilities under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions | 10,484 | 12,457
| -------- | --------

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 10,484 | 12,457
| -------- | --------