IRIS Accounts Production v26.1.0.640 01843861 Board of Directors 1.9.24 31.8.25 31.8.25 false true false false true false Fair value model A Ordinary shares of £1 each 1.00000 B Ordinary shares of £1 each 1.00000 C Ordinary shares of £1 each 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01843861 2024-08-31 01843861 2025-08-31 01843861 2024-09-01 2025-08-31 01843861 2023-08-31 01843861 2023-09-01 2024-08-31 01843861 2024-08-31 01843861 ns15:EnglandWales 2024-09-01 2025-08-31 01843861 ns14:PoundSterling 2024-09-01 2025-08-31 01843861 ns10:Director1 2024-09-01 2025-08-31 01843861 ns10:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 01843861 ns10:SmallEntities 2024-09-01 2025-08-31 01843861 ns10:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 01843861 ns10:SmallCompaniesRegimeForDirectorsReport 2024-09-01 2025-08-31 01843861 ns10:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 01843861 ns10:FullAccounts 2024-09-01 2025-08-31 01843861 ns10:OrdinaryShareClass1 2024-09-01 2025-08-31 01843861 ns10:OrdinaryShareClass2 2024-09-01 2025-08-31 01843861 ns10:OrdinaryShareClass3 2024-09-01 2025-08-31 01843861 ns10:Director3 2024-09-01 2025-08-31 01843861 ns10:Director4 2024-09-01 2025-08-31 01843861 ns10:RegisteredOffice 2024-09-01 2025-08-31 01843861 ns5:CurrentFinancialInstruments 2025-08-31 01843861 ns5:CurrentFinancialInstruments 2024-08-31 01843861 ns5:ShareCapital 2025-08-31 01843861 ns5:ShareCapital 2024-08-31 01843861 ns5:CapitalRedemptionReserve 2025-08-31 01843861 ns5:CapitalRedemptionReserve 2024-08-31 01843861 ns5:RetainedEarningsAccumulatedLosses 2025-08-31 01843861 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 01843861 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-09-01 2025-08-31 01843861 ns5:PlantMachinery 2024-09-01 2025-08-31 01843861 ns5:FurnitureFittings 2024-09-01 2025-08-31 01843861 ns5:MotorVehicles 2024-09-01 2025-08-31 01843861 ns5:LandBuildings 2024-08-31 01843861 ns5:PlantMachinery 2024-08-31 01843861 ns5:FurnitureFittings 2024-08-31 01843861 ns5:MotorVehicles 2024-08-31 01843861 ns5:LandBuildings 2024-09-01 2025-08-31 01843861 ns5:LandBuildings 2025-08-31 01843861 ns5:PlantMachinery 2025-08-31 01843861 ns5:FurnitureFittings 2025-08-31 01843861 ns5:MotorVehicles 2025-08-31 01843861 ns5:LandBuildings 2024-08-31 01843861 ns5:PlantMachinery 2024-08-31 01843861 ns5:FurnitureFittings 2024-08-31 01843861 ns5:MotorVehicles 2024-08-31 01843861 ns5:CostValuation 2024-08-31 01843861 ns5:DisposalsRepaymentsInvestments 2025-08-31 01843861 ns5:CostValuation 2025-08-31 01843861 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-08-31 01843861 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-08-31 01843861 ns5:AcceleratedTaxDepreciationDeferredTax 2025-08-31 01843861 ns5:AcceleratedTaxDepreciationDeferredTax 2024-08-31 01843861 ns5:DeferredTaxation 2024-08-31 01843861 ns5:DeferredTaxation 2024-09-01 2025-08-31 01843861 ns5:DeferredTaxation 2025-08-31 01843861 ns10:OrdinaryShareClass1 2025-08-31 01843861 ns10:OrdinaryShareClass2 2025-08-31 01843861 ns10:OrdinaryShareClass3 2025-08-31

REGISTERED NUMBER: 01843861 (England and Wales)

TUBESHEET LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

TUBESHEET LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

| DIRECTORS: | A R Vaughan

| S Williamson

| Mrs C Vaughan

| REGISTERED OFFICE: | Unit 2

| Denby Hall Way

| Ripley

| Derbyshire

| DE5 8JZ

| REGISTERED NUMBER: | 01843861 (England and Wales)

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

BALANCE SHEET

31 AUGUST 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,104,676 |  | 2,241,334 |  |

Investments | 5 | - |  | 1,057,498 |  |

Investment property | 6 | 958,145 |  | 941,205 |  |

3,062,821 |  | 4,240,037 |  |

CURRENT ASSETS

Stocks | 7 | 1,577,895 |  | 2,002,173 |  |

Debtors | 8 | 1,269,845 |  | 762,263 |  |

Cash at bank | 7,316,401 |  | 5,016,655 |  |

10,164,141 |  | 7,781,091 |  |

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 9 | 1,445,147 |  | 1,249,020 |  |

NET CURRENT ASSETS | 8,718,994 |  | 6,532,071 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,781,815 |  | 10,772,108 |  |

PROVISIONS FOR LIABILITIES | 10 | 141,371 |  | 160,763 |  |

NET ASSETS | 11,640,444 |  | 10,611,345 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 5 |  | 5 |  |

Capital redemption reserve | 35 |  | 35 |  |

Retained earnings | 11,640,404 |  | 10,611,305 |  |

SHAREHOLDERS' FUNDS | 11,640,444 |  | 10,611,345 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

BALANCE SHEET - continued

31 AUGUST 2025

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 2 April 2026 and were signed on its behalf by:

A R Vaughan - Director

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. | STATUTORY INFORMATION

| Tubesheet 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.

| The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

| Turnover

| Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 15% on cost

| Fixtures and fittings | - | 33% on cost

| Motor vehicles | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

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

| 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.

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Employee benefit

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| Debtors and creditors

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 16 ) .

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 September 2024 | 1,901,035 |  | 2,484,599 |  | 36,193 |  | 134,276 |  | 4,556,103 |  |

| Additions | - |  | 28,405 |  | 3,348 |  | - |  | 31,753 |  |

| Disposals | - |  | (7,689 | ) | - |  | - |  | (7,689 | ) |

| At 31 August 2025 | 1,901,035 |  | 2,505,315 |  | 39,541 |  | 134,276 |  | 4,580,167 |  |

| DEPRECIATION

| At 1 September 2024 | 294,475 |  | 1,903,171 |  | 35,036 |  | 82,087 |  | 2,314,769 |  |

| Charge for year | 32,908 |  | 120,215 |  | 2,242 |  | 13,046 |  | 168,411 |  |

| Eliminated on disposal | - |  | (7,689 | ) | - |  | - |  | (7,689 | ) |

| At 31 August 2025 | 327,383 |  | 2,015,697 |  | 37,278 |  | 95,133 |  | 2,475,491 |  |

| NET BOOK VALUE

| At 31 August 2025 | 1,573,652 |  | 489,618 |  | 2,263 |  | 39,143 |  | 2,104,676 |  |

| At 31 August 2024 | 1,606,560 |  | 581,428 |  | 1,157 |  | 52,189 |  | 2,241,334 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 September 2024 | 1,057,498 |  |

| Disposals | (1,057,498 | ) |

| At 31 August 2025 | - |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  |

| At 31 August 2024 | 1,057,498 |  |

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 September 2024 | 941,205 |  |

| Additions | 16,940 |  |

| At 31 August 2025 | 958,145 |  |

| NET BOOK VALUE

| At 31 August 2025 | 958,145 |  |

| At 31 August 2024 | 941,205 |  |

| The fair value of the investment property is not significantly different to cost in the opinion of the directors.

7. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 1,316,273 |  | 1,708,192 |  |

| Payments on account | 261,622 |  | 293,981 |  |

1,577,895 |  | 2,002,173 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 1,145,085 |  | 708,451 |  |

| Other debtors | 124,760 |  | 53,812 |  |

1,269,845 |  | 762,263 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 804,669 |  | 455,202 |  |

| Taxation and social security | 499,332 |  | 582,667 |  |

| Other creditors | 141,146 |  | 211,151 |  |

1,445,147 |  | 1,249,020 |  |

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 141,371 |  | 160,763 |  |

TUBESHEET LIMITED (REGISTERED NUMBER: 01843861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 September 2024 | 160,763 |  |

| Provided during year | (19,392 | ) |

| Rate movement |

| Balance at 31 August 2025 | 141,371 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | A Ordinary shares of £1 each | £1 | 1 |  | 1 |  |

| 1 | B Ordinary shares of £1 each | £1 | 1 |  | 1 |  |

| 3 | C Ordinary shares of £1 each | £1 | 3 |  | 3 |  |

5 |  | 5 |  |

12. | CONTROL

| The company is controlled by N Vaughan and A R Vaughan.