Structural Interiors Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Structural Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02694472 . The registered office is Terminal Warehouse 1, Wharf Street, Sheffield, S2 5SY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Page 3

Page 4

Structural Interiors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 13)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 October 2024	177,556	223,242	400,798
Additions	-	10,126	10,126
Disposals	(18,000 )	(37,110 )	(55,110 )

As at 30 September 2025	159,556	196,258	355,814

Depreciation
As at 1 October 2024	76,393	185,523	261,916
Provided during the period	24,476	10,409	34,885
Disposals	(14,741 )	(30,909 )	(45,650 )

As at 30 September 2025	86,128	165,023	251,151

Net Book Value
As at 30 September 2025	73,428	31,235	104,663

As at 1 October 2024	101,163	37,719	138,882

Page 4

Page 5

Structural Interiors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,179,147	760,333
Other debtors	303,884	1,107,132

	1,483,031	1,867,465

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	77,273	174,223
Other creditors	564,348	141,012
Taxation and social security	205,332	370,657

	846,953	685,892

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
83 Ordinary A shares of £ 1.00 each	83	83
12 Ordinary C shares of £ 1.00 each	12	12
12 Ordinary D shares of £ 1.00 each	12	12
6 Ordinary E shares of £ 1.00 each	6	6

	113	113

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	23,446	69,860
Later than one year and not later than five years	13,069	46,224

	36,515	116,084

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2025
	£	£	£	£	£
Mr David Baldwin	270,853	72,204	217,993	-	125,064
Mrs Rebecca Knight	975	8,082	1,857	-	7,200

Interest at rates of 3.75% have been charged on the above loans. The loans are unsecured and repayable on demand

Page 5

Page 6

Structural Interiors Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

11. Related Party Transactions

During the year, a loan balance of £3,650 due from Baxter and Pebble Limited, a company under common control, was written off.

At the year end, there was a loan outstanding to The Stamp House Limited, a company in which Mr D Baldwin holds an interest. The balance outstanding was £108,157 (2025: £108,157) and is included in other debtors. The loan is unsecured, interest free and repayable on demand.

Page 6

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		104,663		138,882

			104,663		138,882
CURRENT ASSETS
Debtors	5	1,483,031		1,867,465
Cash at bank and in hand		1,336,082		1,079,952

		2,819,113		2,947,417
Creditors: Amounts Falling Due Within One Year	6	(846,953 )		(685,892 )

NET CURRENT ASSETS (LIABILITIES)			1,972,160		2,261,525

TOTAL ASSETS LESS CURRENT LIABILITIES			2,076,823		2,400,407

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,100 )		(5,200 )

NET ASSETS			2,062,723		2,395,207

CAPITAL AND RESERVES
Called up share capital	8		113		113
Capital redemption reserve			5		5
Profit and Loss Account			2,062,605		2,395,089

SHAREHOLDERS' FUNDS			2,062,723		2,395,207