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Registration number: 11908954

Scrapheap Engineers Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Scrapheap Engineers Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8
Accountants' Report | 9

Scrapheap Engineers Ltd

Company Information

Director | Mr Benjamin John Sharples

Company secretary | Mr Benjamin John Sharples

Registered office | 71-75 Shelton Street London Greater London England WC2H 9JQ

Accountants | EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Scrapheap Engineers Ltd

(Registration number: 11908954)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 329 | 3,003
Current assets |  |  |
Debtors | 5 | 843 | 2,532
Cash at bank and in hand |  | 142 | 1,053
|  | 985 | 3,585
Creditors: Amounts falling due within one year | 7 | (17,683) | (16,115)
Net current liabilities |  | (16,698) | (12,530)
Total assets less current liabilities |  | (16,369) | (9,527)
Creditors: Amounts falling due after more than one year | 7 | (4,041) | (4,867)
Provisions for liabilities |  | (63) | (571)
Net liabilities |  | (20,473) | (14,965)
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | (20,474) | (14,966)
Shareholders' deficit |  | (20,473) | (14,965)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 April 2026

......................................... Mr Benjamin John Sharples Company secretary and director |  |

Scrapheap Engineers Ltd

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

1 | General information

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

2 | Accounting policies

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

It is the opinion of the director that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 31 March 2025.

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 deferred 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Scrapheap Engineers Ltd

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

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% reducing balance
Plant and machinery | 33% straight line
Office equipment | 33% straight line
Furniture and fittings | 25% reducing balance

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Employees and Directors

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Scrapheap Engineers Ltd

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

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 April 2024 | 200 | 1,320 | 450 | 9,000
At 31 March 2025 | 200 | 1,320 | 450 | 9,000
Depreciation
At 1 April 2024 | 100 | 820 | 297 | 6,750
Charge for the year | 25 | 250 | 149 | 2,250
At 31 March 2025 | 125 | 1,070 | 446 | 9,000
Carrying amount
At 31 March 2025 | 75 | 250 | 4 | -
At 31 March 2024 | 100 | 500 | 153 | 2,250

| Total £
Cost or valuation
At 1 April 2024 | 10,970
At 31 March 2025 | 10,970
Depreciation
At 1 April 2024 | 7,967
Charge for the year | 2,674
At 31 March 2025 | 10,641
Carrying amount
At 31 March 2025 | 329
At 31 March 2024 | 3,003

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 843 | 2,532
| 843 | 2,532

Scrapheap Engineers Ltd

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

6 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 4,041 | 4,867

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,048 | 1,073

Scrapheap Engineers Ltd

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

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 6 | 1,048 | 1,073
Taxation and social security |  | 12,365 | 15,042
Other creditors |  | 4,270 | -
|  | 17,683 | 16,115

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 6 | 4,041 | 4,867

8 | Related party transactions

Transactions with directors Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2025 | At 1 April 2024 £ | Repayments by director £ | At 31 March 2025 £
Mr Benjamin John Sharples
Loan | 1,893 | (1,893) | -

2024 | At 1 April 2023 £ | Repayments by director £ | At 31 March 2024 £
Mr Benjamin John Sharples
Loan | 22,727 | (20,834) | 1,893

Scrapheap Engineers Ltd

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

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

| 2025 £
Mr Benjamin John Sharples | 4,270
| 4,270

The maximum balance outstanding during the year amounted to £4,270.
The directors' current account is repayable on demand.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Scrapheap Engineers Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Scrapheap Engineers Ltd for the year ended 31 March 2025 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Scrapheap Engineers Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Scrapheap Engineers Ltd and state those matters that we have agreed to state to the Board of Directors of Scrapheap Engineers Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scrapheap Engineers Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Scrapheap Engineers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Scrapheap Engineers Ltd. You consider that Scrapheap Engineers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Scrapheap Engineers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

2 April 2026