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REGISTERED NUMBER: 03989782 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

SHEAF ENGINEERING SERVICES LIMITED

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

SHEAF ENGINEERING SERVICES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mr P Williams

| Mr M J Griffiths

| Mr S J Williams

| Mr J P Williams

| SECRETARY: | Mr M J Griffiths

| REGISTERED OFFICE: | 245 Springwood Lane

| High Green

| Sheffield

| South Yorkshire

| S35 4JP

| REGISTERED NUMBER: | 03989782 (England and Wales)

| ACCOUNTANTS: | Xeinadin Barnsley Limited

| 12 Victoria Road

| Barnsley

| South Yorkshire

| S70 2BB

| BANKERS: | Barclays Bank Plc

| 10 - 18 Queen Street

| Barnsley

| South Yorkshire

| S70 2AJ

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

BALANCE SHEET

31 MAY 2025

31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 4 | 10,992 |  | 15,574 |  |

CURRENT ASSETS

Stocks | 5 | 151,823 |  | 233,348 |  |

Debtors | 6 | 150,506 |  | 211,606 |  |

Cash at bank | 419,037 |  | 294,963 |  |

721,366 |  | 739,917 |  |

CREDITORS

Amounts falling due within one year | 7 | 206,172 |  | 101,802 |  |

NET CURRENT ASSETS | 515,194 |  | 638,115 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 526,186 |  | 653,689 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 558 |  | 558 |  |

Retained earnings | 9 | 525,628 |  | 653,131 |  |

SHAREHOLDERS' FUNDS | 526,186 |  | 653,689 |  |

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

BALANCE SHEET - continued

31 MAY 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 18 February 2026 and were signed on its behalf by:

Mr M J Griffiths - Director

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Sheaf Engineering Services 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

| Significant judgements and estimates

| No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

| There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Turnover

| Income comprises charges to customers, net of VAT, for precision grinding services, general engineering services and welding fabrication.

| When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date

| Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

| 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 | - | 20% on cost

| Loose tools | - | 50% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 100% on cost

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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 5 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

Plant and | Motor | Computer |  |

machinery | Loose tools | vehicles | equipment | Totals |

| £ | £ | £ | £ | £

| COST

| At 1 June 2024 | 112,520 |  | 14,584 |  | 22,745 |  | 5,566 |  | 155,415 |  |

| Additions | 800 |  | 130 |  | - |  | - |  | 930 |  |

| Disposals | - |  | - |  | (9,250 | ) | - |  | (9,250 | ) |

| At 31 May 2025 | 113,320 |  | 14,714 |  | 13,495 |  | 5,566 |  | 147,095 |  |

| DEPRECIATION

| At 1 June 2024 | 107,738 |  | 14,414 |  | 12,124 |  | 5,565 |  | 139,841 |  |

| Charge for year | 2,247 |  | 235 |  | 2,530 |  | - |  | 5,012 |  |

| Eliminated on disposal | - |  | - |  | (8,750 | ) | - |  | (8,750 | ) |

| At 31 May 2025 | 109,985 |  | 14,649 |  | 5,904 |  | 5,565 |  | 136,103 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,335 |  | 65 |  | 7,591 |  | 1 |  | 10,992 |  |

| At 31 May 2024 | 4,782 |  | 170 |  | 10,621 |  | 1 |  | 15,574 |  |

5. | STOCKS

31.5.25 | 31.5.24 |

| £ | £

| Stocks | 151,823 |  | 233,348 |  |

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Trade debtors | 126,025 |  | 187,214 |  |

| Other debtors | 20,949 |  | 3,477 |  |

| Tax | - |  | 3,309 |  |

| Called up share capital not paid | - |  | 133 |  |

| Prepayments and accrued income | 3,532 |  | 17,473 |  |

150,506 |  | 211,606 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.5.25 | 31.5.24 |

| £ | £

| Trade creditors | 27,145 |  | 12,993 |  |

| Corporation tax | 1,479 |  | - |  |

| Social security and other taxes | 854 |  | 625 |  |

| VAT | 31,184 |  | 23,737 |  |

| Other creditors | 66,130 |  | 29,182 |  |

| Directors' current accounts | 78,233 |  | 34,264 |  |

| Accruals and deferred income | 1,147 |  | 1,001 |  |

206,172 |  | 101,802 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 | 31.5.24 |

value: |  | £ | £

| 134 | A Ordinary | £1 | 134 |  | 134 |  |

| 133 | B Ordinary | £1 | 133 |  | 133 |  |

| 133 | C Ordinary | £1 | 133 |  | 133 |  |

| 25 | D Ordinary | £1 | 25 |  | 25 |  |

| 133 | E Ordinary | £1 | 133 |  | 133 |  |

558 |  | 558 |  |

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

9. | RESERVES

Retained |

earnings |

| £

| At 1 June 2024 | 653,131 |  |

| Profit for the year | 1,747 |  |

| Dividends | (129,250 | ) |

| At 31 May 2025 | 525,628 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25 | 31.5.24 |

| £ | £

| Mr P Williams

| Balance outstanding at start of year | (10,939 | ) | (909 | ) |

| Amounts advanced | 15,980 |  | 14,970 |  |

| Amounts repaid | (36,900 | ) | (25,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (31,859 | ) | (10,939 | ) |

| Mr S J Williams

| Balance outstanding at start of year | (13,773 | ) | (3,028 | ) |

| Amounts advanced | 24,749 |  | 25,255 |  |

| Amounts repaid | (56,350 | ) | (36,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (45,374 | ) | (13,773 | ) |

| Mr M J Griffiths

| Balance outstanding at start of year | - |  | 6,160 |  |

| Amounts advanced | - |  | 4,700 |  |

| Amounts repaid | (500 | ) | (10,860 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (500 | ) | - |  |

SHEAF ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03989782)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| Mr J P Williams

| Balance outstanding at start of year | - |  | - |  |

| Amounts repaid | (500 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (500 | ) | - |  |

| Mr J R Aston

| Balance outstanding at start of year | (9,552 | ) | (9,552 | ) |

| Amounts advanced | 9,552 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | (9,552 | ) |