REGISTERED NUMBER: 02880770 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

Coil Slitting Letchworth Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I Da Costa

SECRETARY:

I Da Costa

REGISTERED OFFICE:

Unit 1b

Focus 4

Fourth Avenue

Letchworth

Hertfordshire

SG6 2TU

REGISTERED NUMBER:

02880770 (England and Wales)

AUDITORS:

GH Audit Limited

Unit 1b

Focus 4

Fourth Avenue

Letchworth

Hertfordshire

SG6 2TU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

267,838

343,657

267,838

343,657

CURRENT ASSETS

Stocks

1,010,000

699,420

Debtors

6

864,050

963,902

Cash at bank and in hand

38,872

24,463

1,912,922

1,687,785

CREDITORS

Amounts falling due within one year

7

1,116,297

923,443

NET CURRENT ASSETS

796,625

764,342

TOTAL ASSETS LESS CURRENT LIABILITIES

1,064,463

1,107,999

CREDITORS

Amounts falling due after more than one year

8

(80,441

)

(121,162

)

PROVISIONS FOR LIABILITIES

(50,540

)

(68,227

)

NET ASSETS

933,482

918,610

CAPITAL AND RESERVES

Called up share capital

8,002

8,002

Retained earnings

925,480

910,608

SHAREHOLDERS' FUNDS

933,482

918,610

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 21 May 2026 and were signed by:

I Da Costa - Director

1.	STATUTORY INFORMATION

Coil Slitting Letchworth 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.

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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance, 25% on cost, 20% on reducing balance, 20% on cost and 10% on reducing balance

Stocks

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

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.

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2025 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

30,000

AMORTISATION

At 1 February 2025

and 31 January 2026

30,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

687,121

Additions

21,400

Disposals

(4,950

)

At 31 January 2026

703,571

DEPRECIATION

At 1 February 2025

343,464

Charge for year

96,146

Eliminated on disposal

(3,877

)

At 31 January 2026

435,733

NET BOOK VALUE

At 31 January 2026

267,838

At 31 January 2025

343,657

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade debtors

845,905

934,345

Amounts owed by group undertakings

-

830

Other debtors

18,145

28,727

864,050

963,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Hire purchase contracts

40,781

61,935

Trade creditors

791,918

631,729

Amounts owed to group undertakings

32,004

-

Taxation and social security

139,219

143,274

Other creditors

112,375

86,505

1,116,297

923,443

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Hire purchase contracts

80,441

121,162

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

The Report of the Auditors was unqualified.

Richard Dilley FCA, FCCA (Senior Statutory Auditor)

for and on behalf of GH Audit Limited

10.	PARENT UNDERTAKING

The parent undertaking is Coil Slitting Holdings Limited which owns 100% of the issued share capital.