REGISTERED NUMBER: 01653162 (England and Wales)

METAL CABINET SALES LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Stacey

Mrs J D Stacey

REGISTERED OFFICE:

Units 1-3 Moorfield Road

Moorfield Industrial Estate

Yeadon

Leeds

West Yorkshire

LS19 7BN

REGISTERED NUMBER:

01653162 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

948,437

762,377

948,438

762,378

CURRENT ASSETS

Stocks

259,625

50,518

Debtors

6

774,488

902,507

Cash at bank and in hand

338,625

312,270

1,372,738

1,265,295

CREDITORS

Amounts falling due within one year

7

618,866

514,900

NET CURRENT ASSETS

753,872

750,395

TOTAL ASSETS LESS CURRENT LIABILITIES

1,702,310

1,512,773

CREDITORS

Amounts falling due after more than one year

8

(188,523

)

(322,283

)

PROVISIONS FOR LIABILITIES

10

(236,868

)

(190,326

)

NET ASSETS

1,276,919

1,000,164

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

11

50

50

Retained earnings

11

1,276,819

1,000,064

SHAREHOLDERS' FUNDS

14

1,276,919

1,000,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 9 June 2026 and were signed on its behalf by:

N Stacey - Director

1.	STATUTORY INFORMATION

METAL CABINET SALES 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

10% on reducing balance

Machinery & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks & work in progress

Stock and work in progress 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.

Product design costs

Expenditure on the specific development, design and implementation of new products and processes is amortised evenly over their estimated useful lives of five years.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates several defined benefit pension schemes. Contributions payable in the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Product

design

costs

£

COST

At 1 April 2025

and 31 March 2026

104,364

AMORTISATION

At 1 April 2025

and 31 March 2026

104,363

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

5.	TANGIBLE FIXED ASSETS

Leasehold

Machinery

Motor

improvements

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

16,746

1,643,612

77,156

1,737,514

Additions

-

342,546

43,311

385,857

Disposals

-

-

(26,160

)

(26,160

)

At 31 March 2026

16,746

1,986,158

94,307

2,097,211

DEPRECIATION

At 1 April 2025

15,671

925,102

34,364

975,137

Charge for year

108

169,897

18,755

188,760

Eliminated on disposal

-

-

(15,123

)

(15,123

)

At 31 March 2026

15,779

1,094,999

37,996

1,148,774

NET BOOK VALUE

At 31 March 2026

967

891,159

56,311

948,437

At 31 March 2025

1,075

718,510

42,792

762,377

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Machinery

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 April 2025

704,000

41,161

745,161

Disposals

-

(26,160

)

(26,160

)

At 31 March 2026

704,000

15,001

719,001

DEPRECIATION

At 1 April 2025

150,480

25,376

175,856

Charge for year

83,028

1,187

84,215

Eliminated on disposal

-

(15,123

)

(15,123

)

At 31 March 2026

233,508

11,440

244,948

NET BOOK VALUE

At 31 March 2026

470,492

3,561

474,053

At 31 March 2025

553,520

15,785

569,305

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

704,555

816,913

Other debtors & prepayments

69,933

85,594

774,488

902,507

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

155,214

162,717

Trade creditors & accruals

378,253

272,896

Taxation

85,399

79,287

618,866

514,900

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts

188,523

322,283

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

343,737

485,000

Bank borrowings are secured by a first ranking debenture over the assets of the company, except for a waiver on the book debts in favour of the debt factoring company.

The Hire purchase creditor is secured against the asset to which it related (note 8).

10.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

236,868

190,326

Deferred

tax

£

Balance at 1 April 2025

190,326

Charge to Income Statement during year

46,542

Balance at 31 March 2026

236,868

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2025

1,000,064

50

1,000,114

Profit for the year

276,755

-

276,755

At 31 March 2026

1,276,819

50

1,276,869

12.	PENSION COMMITMENTS

The company operates several defined benefit pension schemes, the assets of which are held separately from those of the company in independently administered funds. The pension cost charged for the year amounted to £33,312 (2025 - £32,029).

13.	RELATED PARTY DISCLOSURES

During the year, the Company received goods and services, on normal commercial terms, totalling £291,416 (2025 - £363,888) from Jacksons Coatings Limited, a company in which N Stacey is director and shareholder. At the year end, the Company was owed £60,755 (2025 - £52,358) by Jacksons Coatings Limited.

14.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.3.26

31.3.25

£

£

Profit for the financial year

276,755

344,006

Dividends

-

(5,000

)

Net addition to shareholders' funds

276,755

339,006

Opening shareholders' funds

1,000,164

661,158

Closing shareholders' funds

1,276,919

1,000,164