REGISTERED NUMBER: 01771630 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DES EVANS (STEEL FABRICATION) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Ms K Kaye

D J Evans

SECRETARY:

Ms K Kaye

REGISTERED OFFICE:

Ashlands Sandford

West Felton

Oswestry

Shropshire

SY11 4EY

REGISTERED NUMBER:

01771630 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

2,092,589

2,095,423

2,092,589

2,095,423

CURRENT ASSETS

Stocks

2,290,800

2,568,825

Debtors

7

139,055

7,332

Investments

8

1,002,430

531,210

Cash at bank

401,581

431,918

3,833,866

3,539,285

CREDITORS

Amounts falling due within one year

9

523,697

254,544

NET CURRENT ASSETS

3,310,169

3,284,741

TOTAL ASSETS LESS CURRENT LIABILITIES

5,402,758

5,380,164

PROVISIONS FOR LIABILITIES

135,327

135,922

NET ASSETS

5,267,431

5,244,242

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

10

5,262,431

5,239,242

SHAREHOLDERS' FUNDS

5,267,431

5,244,242

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2026 and were signed on its behalf by:

D J Evans - Director

1.	STATUTORY INFORMATION

Des Evans (Steel Fabrication) 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.	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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern

The financial statements have been prepared on a going concern basis as the directors are of the opinion that the Company will be able to pay its liabilities as and when they fall due.

Turnover

Turnover represents net amounts invoiced for company trades, excluding value added tax.

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.

Intangible asset are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets

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

Investment properties

-

not provided

Freehold trading property

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and 10% on reducing balance

Computer equipment

-

33% on cost

Freehold property is revalued by the directors at the end of each financial period with depreciation charged to write off the difference in values, down to its estimated realisable value.

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost, except for current asset share investments which are measured at fair value, with changes recognised in the profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss account.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Investment properties

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

140

AMORTISATION

At 1 January 2025

and 31 December 2025

140

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

2,081,341

71,815

2,153,156

Additions

-

341

341

Disposals

-

(4,752

)

(4,752

)

At 31 December 2025

2,081,341

67,404

2,148,745

DEPRECIATION

At 1 January 2025

-

57,733

57,733

Charge for year

-

2,596

2,596

Eliminated on disposal

-

(4,173

)

(4,173

)

At 31 December 2025

-

56,156

56,156

NET BOOK VALUE

At 31 December 2025

2,081,341

11,248

2,092,589

At 31 December 2024

2,081,341

14,082

2,095,423

The Company's land and buildings were valued on an open market basis on 31 December 2015 by the directors.

This value has been adopted as deemed cost of the assets concerned on transition to FRS 102.

The comparable amounts for land and buildings at original cost were:

Cost £1,076,635

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Directors' current accounts

131,764

-

VAT

3,881

4,365

Prepayments and accrued income

3,410

2,967

139,055

7,332

8.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Unlisted investments

1,002,430

531,210

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors & accruals

457,431

3,901

Tax

37,081

40,640

Social security and other taxes

344

661

Other creditors

2,788

-

Directors' current accounts

26,053

209,342

523,697

254,544

10.

RESERVES

Included in retained earnings is £1,004,706 (2024 - £1,004,706) of profits which are not available for distribution as they are unrealised gains on revaluations.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

D J Evans

Balance outstanding at start of year

-

-

Amounts advanced

213,203

-

Amounts repaid

(81,439

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

131,764

-

Interest at 3.75% is being charged on the directors loan balance and it is repayable on demand.

12.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Des Evans (Steel Fabrication) Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Des Evans (Steel Fabrication) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Des Evans (Steel Fabrication) Limited and state those matters that we have agreed to state to the Board of Directors of Des Evans (Steel Fabrication) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Des Evans (Steel Fabrication) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Des Evans (Steel Fabrication) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Des Evans (Steel Fabrication) Limited. You consider that Des Evans (Steel Fabrication) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Des Evans (Steel Fabrication) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

8 June 2026