CORNFIELD ENGINEERING SOLUTIONS LIMITED
Balance Sheet
as at 31 August 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 24,014 |  |  | 28,460
Current assets
Stocks |  |  | 40,698 |  |  | 63,895
Debtors | 4 |  | 53,542 |  |  | 49,997
Cash at bank and in hand |  |  | 32,334 |  |  | 46,392
|  |  | 126,574 |  |  | 160,284
Creditors: amounts falling due within one year | 5 |  | (72,683) |  |  | (95,671)
Net current assets |  |  |  | 53,891 |  |  | 64,613
Total assets less current liabilities |  |  |  | 77,905 |  |  | 93,073
Creditors: amounts falling due after more than one year | 6 |  |  | (22,685) |  |  | (37,839)
Provisions for liabilities |  |  |  | (2,457) |  |  | (2,497)
Net assets |  |  |  | 52,763 |  |  | 52,737
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 52,663 |  |  | 52,637
Shareholders' funds |  |  |  | 52,763 |  |  | 52,737
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C. TIMBEY
Director
Approved by the board on 20 January 2026

CORNFIELD ENGINEERING SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 August 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
| Plant and machinery | 20% reducing balance basis
| Furniture, fixtures and office equipment | 25% reducing balance basis
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 6 |  | 6
3 | Tangible fixed assets
|  |  |  | Motor vehicles |  | Plant, machinery, furniture, fixtures and equipment |  | Total
£ | £ | £
| Cost
| At 1 September 2024 | 16,990 |  | 54,251 |  | 71,241
| Additions | - |  | 810 |  | 810
| At 31 August 2025 | 16,990 |  | 55,061 |  | 72,051
| Depreciation
| At 1 September 2024 | 3,398 |  | 39,383 |  | 42,781
| Charge for the year | 2,718 |  | 2,538 |  | 5,256
| At 31 August 2025 | 6,116 |  | 41,921 |  | 48,037
| Net book value
| At 31 August 2025 | 10,874 |  | 13,140 |  | 24,014
| At 31 August 2024 | 13,592 |  | 14,868 |  | 28,460
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 44,225 |  | 43,564
| Other debtors | 9,317 |  | 6,433
|  |  |  |  |  | 53,542 |  | 49,997
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loan account (unsecured) | 5,556 |  | 5,556
| Trade creditors and deferred income | 24,028 |  | 37,986
| Corporation tax | 5,206 |  | 6,777
| Other taxes and social security costs | 9,873 |  | 15,352
| Directors' loan account | 28,020 |  | 30,000
|  |  |  |  |  | 72,683 |  | 95,671
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loan account (unsecured) | 22,685 |  | 26,389
| Directors' loan account | - |  | 11,450
|  |  |  |  |  | 22,685 |  | 37,839
7 | Controlling party
| The directors of the company at the Balance Sheet date, Mr. C. and Mrs. A.J. Timbey, own 51% and 45% respectively of the issued share capital of the company.
8 | Other information
| CORNFIELD ENGINEERING SOLUTIONS LIMITED is a private company limited by shares and incorporated in England (Company Number 06287972). Its registered office is Unit 5, Victoria Business Park, Prospect Way, Brown Lees, Stoke-on-Trent, Staffordshire, ST8 7PP.

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