REGISTERED NUMBER: 04649111

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

EUROPEAN STEEL FABRICATIONS (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M S Johal

SECRETARY:

Mrs F Johal

REGISTERED OFFICE:

European House

Abbey Point

Abbey Road

London

NW10 7DD

REGISTERED NUMBER:

04649111

AUDITORS:

Ward Divecha Limited

Chartered Accountants &

Statutory Auditors

29 Welbeck Street

London

W1G 8DA

FIXED ASSETS

Tangible assets

4

-

1,017

CURRENT ASSETS

Stocks

-

1,812

Debtors

5

-

53,353

Cash at bank and in hand

160

4,040

160

59,205

CREDITORS

Amounts falling due within one year

6

140,711

199,032

NET CURRENT LIABILITIES

(140,551

)

(139,827

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(140,551

)

(138,810

)

CAPITAL AND RESERVES

Called up share capital

100

100

Capital contribution reserve

763,736

763,736

Retained earnings

(904,387

)

(902,646

)

(140,551

)

(138,810

)

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 director and authorised for issue on 24 April 2026 and were signed by:

M S Johal - Director

1.	STATUTORY INFORMATION

European Steel Fabrications (Uk) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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

-

10% straight line

Fixtures and fittings

-

15% straight line

Stocks

Stacks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

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.

Going concern

In accordance with their responsibilities, the directors have considered the appropriateness of the going

concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the

period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in

operational existence. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 May 2024

140,430

73,448

213,878

Disposals

(140,430

)

(73,448

)

(213,878

)

At 30 April 2025

-

-

-

DEPRECIATION

At 1 May 2024

139,464

73,397

212,861

Charge for year

982

35

1,017

Eliminated on disposal

(140,430

)

(73,448

)

(213,878

)

Reclassification/transfer

(16

)

16

-

At 30 April 2025

-

-

-

NET BOOK VALUE

At 30 April 2025

-

-

-

At 30 April 2024

966

51

1,017

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Other debtors

-

53,353

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

-

141,783

Amounts owed to group undertakings

140,711

37,630

Other creditors

-

19,119

Accruals and deferred income

-

500

140,711

199,032

7.	DEFERRED TAX

£

Balance at 1 May 2024

(260

)

Charge to Income Statement during year

260

Balance at 30 April 2025

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adil Divecha (Senior Statutory Auditor)

for and on behalf of Ward Divecha Limited

9.	RELATED PARTY DISCLOSURES

At 30 April 2025, creditors, amounts falling due within one year, included amounts owed to related parties amounting to £Nil (2024: £14,750), in respect of a director's loan account. The loan is interest free, unsecured and repayable on demand.

The company is less than 100% owned within the group and had the following transactions and balances with fellow group undertakings, namely:

At 30 April 2025, creditors, amounts falling due within one year, included amounts owed to group undertakings and undertakings in which the company has a participating interest, amounting to £140,711 (2024: £37,630), in respect of loans. The loans are interest free, unsecured and repayable on demand.

At 30 April 2025, debtors included amounts due from group undertakings and undertakings in which the company has a participating interest, amounting to £Nil (2024:£1,080), in respect of loans. The loans are interest free, unsecured and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is an 80% owned subsidiary of European Glass Group Limited, a company registered in England & Wales and which prepares and files consolidated accounts. The registered office of European Glass Group Limited is European House, Abbey Point, Abbey Road, Park Royal, Greater London, England, NW10 7DD. The ultimate controlling interest is held by M Johal and F Johal in their capacity as The Trustees of The Trust that controls European Glass Group Limited.