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Registration number: 13537133

Greenham Engineering Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Greenham Engineering Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Greenham Engineering Limited

Company Information

Directors | Mr S D C Beard Mr A R Virgin Mr D M Steele

Registered office | Victor House, Greenham Business Park Wellington Somerset TA21 0LR

Accountants | Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Greenham Engineering Limited

(Registration number: 13537133)
Balance Sheet as at 31 August 2025

| Note | 29 July 2021 - 31 July 2025 £ | 31 August 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 14,655 | 24,155
Current assets |  |  |
Debtors | 5 | 13,688 | 48,438
Cash at bank and in hand |  | 1,440 | 2,268
|  | 15,128 | 50,706
Creditors: Amounts falling due within one year | 6 | (31,583) | (52,071)
Net current liabilities |  | (16,455) | (1,365)
Total assets less current liabilities |  | (1,800) | 22,790
Creditors: Amounts falling due after more than one year | 6 | (6,487) | (10,675)
Net (liabilities)/assets |  | (8,287) | 12,115
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (8,288) | 12,114
Shareholders' (deficit)/funds |  | (8,287) | 12,115

For the financial 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Greenham Engineering Limited

(Registration number: 13537133)
Balance Sheet as at 31 August 2025

Approved and authorised by the Board on 3 February 2026 and signed on its behalf by:

......................................... Mr S D C Beard Director

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Victor House, Greenham Business Park
Wellington
Somerset
TA21 0LR
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have acknowledged the negative reserves at the balance sheet date and confirm that, with their continued support, the company will continue to be able to meet its liabilities as they arise.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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 assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% - straight line
Plant and machinery | 25% - straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 6).

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 September 2024 | 28,895 | 9,103 | 37,998
At 31 August 2025 | 28,895 | 9,103 | 37,998
Depreciation
At 1 September 2024 | 11,438 | 2,405 | 13,843
Charge for the year | 7,224 | 2,276 | 9,500
At 31 August 2025 | 18,662 | 4,681 | 23,343
Carrying amount
At 31 August 2025 | 10,233 | 4,422 | 14,655
At 31 August 2024 | 17,457 | 6,698 | 24,155

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 8,928 | 3,620
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 7 | - | 40,253
Other debtors |  | 4,535 | 4,535
Prepayments and accrued income |  | 225 | 30
Total current trade and other debtors |  | 13,688 | 48,438

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Finance lease and hire purchase liabilities |  | 4,188 | 3,864
Trade creditors |  | 10,580 | 39,433
Taxation and social security |  | 13,552 | 5,694
Other creditors |  | 1,363 | 1,180
Accrued expenses |  | 1,900 | 1,900
|  | 31,583 | 52,071

Obligations due under finance leases and hire purchases contracts, as shown above, are secured on the assets concerned.

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Finance lease and hire purchase liabilities |  | 6,487 | 10,675

Obligations due under finance leases and hire purchases contracts, as shown above, are secured on the assets concerned.

Greenham Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Related party transactions

Transactions with directors

2025 | At 1 September 2024 £ | At 31 August 2025 £
Interest free loan, repayable on demand | 4,535 | 4,535

8 | Parent and ultimate parent undertaking

The company's immediate parent is Metal Developments Limited, incorporated in England and Wales.
The ultimate controlling party is Mr S D C Beard, Mr A R Virgin and Mr D M Steele.