REGISTERED NUMBER: 10525219 (England and Wales)

Unaudited Financial Statements

for the Period

1st May 2025 to 31st December 2025

for

Sheet Tech Fabrications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K D Adams

REGISTERED OFFICE:

Sovereign House

155 High Street

Aldershot

Hampshire

GU11 1TT

REGISTERED NUMBER:

10525219 (England and Wales)

ACCOUNTANTS:

Whiteleys

Chartered Certified Accountants

Sovereign House

155 High Street

Aldershot

Hampshire

GU11 1TT

FIXED ASSETS

Intangible assets

5

28,374

42,560

Tangible assets

6

84,991

84,440

Investments

7

-

135,000

113,365

262,000

CURRENT ASSETS

Stocks

169,767

133,051

Debtors

8

721,068

500,566

Investments

9

430,474

343,927

Cash at bank

28,218

105,006

1,349,527

1,082,550

CREDITORS

Amounts falling due within one year

10

703,741

759,406

NET CURRENT ASSETS

645,786

323,144

TOTAL ASSETS LESS CURRENT LIABILITIES

759,151

585,144

PROVISIONS FOR LIABILITIES

20,985

20,715

NET ASSETS

738,166

564,429

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

738,066

564,329

SHAREHOLDERS' FUNDS

738,166

564,429

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th May 2026 and were signed by:

K D Adams - Director

1.	STATUTORY INFORMATION

Sheet Tech Fabrications 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company’s interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over it's useful life which is estimated to be 10 years.

Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life.

Goodwill amortisation is included in administrative expenses in the statement of comprehensive income.

Tangible fixed assets

Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Leasehold improvements

-

straight over expected term of lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

straight line over 3 years

Motor vehicles

-

straight line over 4 years

Office equipment

-

straight line over 3 years

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stock and work in progress

Stock and work in progress is measured at the lower of cost and selling price less cost to complete and sell.

Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock and work in progress to its present location and condition.

Taxation

Taxation for the period 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 period 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.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2025 - 19 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2025

and 31st December 2025

212,795

AMORTISATION

At 1st May 2025

170,235

Amortisation for period

14,186

At 31st December 2025

184,421

NET BOOK VALUE

At 31st December 2025

28,374

At 30th April 2025

42,560

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st May 2025

7,900

202,729

15,540

Additions

-

4,000

8,265

Disposals

-

(10,599

)

-

At 31st December 2025

7,900

196,130

23,805

DEPRECIATION

At 1st May 2025

6,320

133,933

1,715

Charge for period

527

6,845

3,604

Eliminated on disposal

-

(9,258

)

-

At 31st December 2025

6,847

131,520

5,319

NET BOOK VALUE

At 31st December 2025

1,053

64,610

18,486

At 30th April 2025

1,580

68,796

13,825

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st May 2025

5,024

1,605

232,798

Additions

-

833

13,098

Disposals

-

-

(10,599

)

At 31st December 2025

5,024

2,438

235,297

DEPRECIATION

At 1st May 2025

5,024

1,366

148,358

Charge for period

-

230

11,206

Eliminated on disposal

-

-

(9,258

)

At 31st December 2025

5,024

1,596

150,306

NET BOOK VALUE

At 31st December 2025

-

842

84,991

At 30th April 2025

-

239

84,440

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1st May 2025

135,000

Disposals

(135,000

)

At 31st December 2025

-

NET BOOK VALUE

At 31st December 2025

-

At 30th April 2025

135,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade debtors

671,920

458,376

Other debtors

49,148

42,190

721,068

500,566

9.	CURRENT ASSET INVESTMENTS

2025

2025

£

£

Listed investments

430,474

343,927

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2025

£

£

Trade creditors

490,578

192,624

Amounts owed to group undertakings

-

73,661

Taxation and social security

190,476

152,759

Other creditors

22,687

340,362

703,741

759,406

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2025

£

£

Within one year

67,322

61,600

Between one and five years

38,287

56,467

In more than five years

8,106

-

113,715

118,067

12.	RELATED PARTY DISCLOSURES

During the period, Sheet Tech Fabrications Ltd invoiced RJL Engineers Ltd £4,705 (£56,122 - 30 April 2025) for sales, plus £39,060 (£58,905 - 30 April 2025) for cross charged cost of sales, plus £33,353 (£69,665 - 30 April 2025) for cross charged overheads.

Sheet Tech Fabrications Ltd was invoiced by RJL Engineers Ltd £465,914 (£409,726 - 30 April 2025) for cross charged cost of sales, plus £132,528 (£39,440 - 30 April 2025) for cross charged overheads.

At the balance sheet date, Sheet Tech Fabrications Ltd owed to RJL Engineers Ltd, the sum of £367,598 (£439,472 - 30 April 2025).

During the period, Sheet Tech Fabrications Ltd invoiced Minden Engineering Ltd £8,582 (£1,750 - 30 April 2025) for sales, plus £nil (£43,077 - 30 April 2025) for cross charged cost of sales, plus £7,492 (£1,728 - 30 April 2025) for cross charged overheads.

Sheet Tech Fabrications Ltd was invoiced by Minden Engineering Ltd £110,719 (£20,560 - 30 April 2025) for cross charged cost of sales.

At the balance sheet date, Sheet Tech Fabrications Ltd owed to Minden Engineering Ltd, the sum of £55,254 (£6,794 - 30 April 2025).

RJL Engineers Ltd and Minden Engineering Ltd are companies in which the director and shareholder K Adams, has a material interest.