REGISTERED NUMBER: 06506615 (England and Wales)

South Lincs Foundry Limited

Unaudited Financial Statements

for the Year Ended 28 February 2026

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

9

Director:

D B W Harriman

Registered office:

7 Swan Court

Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

Business address:

Spalding Common

Spalding

Lincolnshire

PE11 3AS

Registered number:

06506615 (England and Wales)

Accountants:

Moore Thompson

7 Swan Court

Forder Way, Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

The following reproduces the text of the report prepared for the director 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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report 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 South Lincs Foundry Limited for the year ended 28 February 2026 which comprise the Statement of income and retained earnings, Statement of financial position 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 director of South Lincs Foundry Limited in accordance with the terms of our engagement letter dated 2 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of South Lincs Foundry Limited and state those matters that we have agreed to state to the director of South Lincs Foundry Limited 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 South Lincs Foundry Limited and its director for our work or for this report.

It is your duty to ensure that South Lincs Foundry 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 South Lincs Foundry Limited. You consider that South Lincs Foundry 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 South Lincs Foundry 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.

Moore Thompson

7 Swan Court

Forder Way, Cygnet Park

Hampton

Peterborough

Cambridgeshire

PE7 8GX

7 July 2026

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

167,290

159,778

167,290

159,778

Current assets

Stocks

129,902

169,069

Debtors

7

361,582

378,436

Cash at bank and in hand

58,429

60,007

549,913

607,512

Creditors

Amounts falling due within one year

8

532,768

496,646

Net current assets

17,145

110,866

Total assets less current liabilities

184,435

270,644

Creditors

Amounts falling due after more than one year

9

(59,880

)

(75,762

)

Provisions for liabilities

(29,729

)

(38,844

)

Net assets

94,826

156,038

Capital and reserves

Called up share capital

11

100

100

Fair value reserve

12

273

703

Retained earnings

94,453

155,235

Shareholders' funds

94,826

156,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 income and retained earnings has not been delivered.

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

D B W Harriman - Director

1.	Statutory information

South Lincs Foundry 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

33% 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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	Employees and directors

The average number of employees during the year was 25 (2025 - 25 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 March 2025

and 28 February 2026

185,056

Amortisation

At 1 March 2025

and 28 February 2026

185,056

Net book value

At 28 February 2026

-

At 28 February 2025

-

6.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

Cost

At 1 March 2025

413,642

10,455

14,995

11,290

450,382

Additions

48,135

1,433

-

331

49,899

At 28 February 2026

461,777

11,888

14,995

11,621

500,281

Depreciation

At 1 March 2025

258,418

9,557

13,869

8,760

290,604

Charge for year

40,674

468

281

964

42,387

At 28 February 2026

299,092

10,025

14,150

9,724

332,991

Net book value

At 28 February 2026

162,685

1,863

845

1,897

167,290

At 28 February 2025

155,224

898

1,126

2,530

159,778

7.

Debtors: amounts falling due within one year

2026

2025

£

£

Trade debtors

354,566

371,376

Prepayments and accrued income

7,016

7,060

361,582

378,436

8.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

8,882

9,950

Hire purchase contracts

28,065

22,440

Trade creditors

125,075

73,366

Tax

886

5,044

Social security and other taxes

15,668

14,544

VAT

36,434

74,572

Other creditors

1,235

2,474

Factoring advances

296,586

261,866

Director's loan accounts

5,090

11,946

Accruals and deferred income

14,847

20,444

532,768

496,646

9.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

-

8,442

Hire purchase contracts

59,880

67,320

59,880

75,762

10.	Secured debts

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

87,945

89,760

Factoring advances

296,586

261,866

384,531

351,626

Obligations under finance leases and hire purchase contracts are secured on the tangible fixed assets concerned.

Factoring advances at the year end are secured on the company trade debtors.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

12.

Reserves

Fair

value

reserve

£

At 1 March 2025

703

Loan NPV adjustment

(430

)

At 28 February 2026

273