REGISTERED NUMBER: 02859595 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE SHEFFIELD AND DISTRICT SOCIETY OF

MODEL AND EXPERIMENTAL ENGINEERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Savage

R J G Francis

A J Cooper

M W Vere

A J Diskin

J R Freeman

M P Harrison

A Twynham

Z Kafetzis

J R Potter

K Harrison

S Cartwright

REGISTERED OFFICE:

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

REGISTERED NUMBER:

02859595 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

4

76,988

90,782

CURRENT ASSETS

Stocks

3,582

3,061

Debtors

5

-

1,385

Cash at bank and in hand

90,229

77,367

93,811

81,813

CREDITORS

Amounts falling due within one year

6

5,596

5,485

NET CURRENT ASSETS

88,215

76,328

TOTAL ASSETS LESS CURRENT LIABILITIES

165,203

167,110

PROVISIONS FOR LIABILITIES

6,012

7,169

NET ASSETS

159,191

159,941

RESERVES

Income and expenditure account

159,191

159,941

159,191

159,941

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

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

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:

M P Harrison - Director

1.	STATUTORY INFORMATION

The Sheffield and District Society of Model and Experimental Engineers Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises members subscriptions, donations and net receipts for train rides, catering and related activities, excluding Value Added tax.

Subscriptions are included on the basis of cash received during the year, with no provision for subscriptions in arrears or expired.

Company was deregistered for VAT from 1 July 2025.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 20 years

Plant and machinery etc

-

Straight line over 20 years

Stocks

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

180,600

121,856

302,456

DEPRECIATION

At 1 January 2025

127,552

84,122

211,674

Charge for year

8,474

5,320

13,794

At 31 December 2025

136,026

89,442

225,468

NET BOOK VALUE

At 31 December 2025

44,574

32,414

76,988

At 31 December 2024

53,048

37,734

90,782

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

1,385

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,788

3,685

Other creditors

2,808

1,800

5,596

5,485

7.	LIMITED BY GUARANTEE

The company is limited by the guarantee of every member to contribute such an amount as may be required up to a maximum of £10 each.