Balufab Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14333278

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		134,476		142,275

			134,476		142,275
CURRENT ASSETS
Stocks	5	135,000		75,000
Debtors	6	116,368		194,715
Cash at bank and in hand		33,989		20,521

		285,357		290,236
Creditors: Amounts Falling Due Within One Year	7	(255,496 )		(293,171 )

NET CURRENT ASSETS (LIABILITIES)			29,861		(2,935 )

TOTAL ASSETS LESS CURRENT LIABILITIES			164,337		139,340

Creditors: Amounts Falling Due After More Than One Year	8		(53,562 )		(53,934 )

NET ASSETS			110,775		85,406

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			110,675		85,306

SHAREHOLDERS' FUNDS			110,775		85,406

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Balufab Ltd

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Josh Brookes Director	Mr Matthew Davies Director
24th June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Balufab Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14333278 . The registered office is Unit 21 Ollerton Business Park, Childs Ercall, Market Drayton, Shropshire, TF9 2EJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 9)

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Balufab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2024	144,418	37,000	6,400	2,552	190,370
Additions	16,635	11,850	-	-	28,485

As at 30 September 2025	161,053	48,850	6,400	2,552	218,855

Depreciation
As at 1 October 2024	35,606	8,572	2,800	1,117	48,095
Provided during the period	27,670	7,355	900	359	36,284

As at 30 September 2025	63,276	15,927	3,700	1,476	84,379

Net Book Value
As at 30 September 2025	97,777	32,923	2,700	1,076	134,476

As at 1 October 2024	108,812	28,428	3,600	1,435	142,275

5. Stocks

	2025	2024
	£	£
Materials	52,250	32,250
Work in progress	82,750	42,750

	135,000	75,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	117,821	187,717
Other debtors	(1,453)	6,998

	116,368	194,715

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	82,790	59,242
Other loans	17,925	-
Other creditors	118,700	176,718
Taxation and social security	36,081	57,211

	255,496	293,171

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Balufab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	53,562	53,934

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	53,562	53,934

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Review of the Business

During the year, the company continued to pursue its long-term strategy of vertical integration, investing in processes, systems and capabilities that enhance quality, efficiency, responsiveness and customer service. The directors believe that increasing the proportion of activities undertaken in-house provides greater control over quality, lead times and customer outcomes whilst strengthening the company's competitive position.

As part of this strategy, the company progressed plans to transition from traditional CNC plasma cutting technology to advanced fibre laser cutting capability. This planned investment forms a key element of the company's future manufacturing strategy and is expected to deliver significant improvements in cutting accuracy, material utilisation, production efficiency and overall product quality. The directors believe this investment will support continued growth within existing markets whilst opening opportunities in new sectors requiring higher precision manufacturing.

Alongside investment in manufacturing capability, the company continued to strengthen its engineering and design functions through investment in advanced CAD and product development software, including SolidWorks. These technologies support improved design visualisation, technical detailing, customer collaboration and value engineering, enabling the business to provide increasingly sophisticated solutions to its customers whilst reducing design lead times and improving project execution.

The directors remain committed to the ongoing development of the business through investment in modern manufacturing technologies, digital engineering systems, employee development and process improvement initiatives. This commitment ensures the company remains well positioned to respond to changing market demands and maintain high levels of service, quality and operational efficiency.

Customer Focus and Market Development

The company's strategy continues to focus on providing practical, engineered metalwork solutions quickly and effectively. High levels of customer engagement remain central to the business model, with an emphasis on understanding customer requirements at an early stage and providing technical support, design assistance and value-engineered solutions throughout the project lifecycle.

Balufab Ltd continues to strengthen its position within the construction sector whilst expanding opportunities within complementary markets including architectural metalwork, structural steelwork, sheet metal manufacture, powder coating and specialist fabrication services.

The directors believe that the company's ability to offer a comprehensive in-house service from concept development and design through manufacture, finishing and installation provides a significant competitive advantage. By combining technical expertise with responsive customer service, the business aims to become the preferred provider of metalwork solutions for customers requiring quality, speed and reliability.

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