JSF Stainless Limited

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

Registered number: 04618535

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		503,075		414,214
Investments	5		80,000		1,393

			583,075		415,607
CURRENT ASSETS
Stocks	6	613,126		591,826
Debtors	7	837,297		556,563
Cash at bank and in hand		12,371		812

		1,462,794		1,149,201
Creditors: Amounts Falling Due Within One Year	8	(1,325,733 )		(967,182 )

NET CURRENT ASSETS (LIABILITIES)			137,061		182,019

TOTAL ASSETS LESS CURRENT LIABILITIES			720,136		597,626

Creditors: Amounts Falling Due After More Than One Year	9		(271,160 )		(227,442 )

NET ASSETS			448,976		370,184

CAPITAL AND RESERVES
Called up share capital			94		94
Share premium account			79,600		-
Profit and Loss Account			369,282		370,090

SHAREHOLDERS' FUNDS			448,976		370,184

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JSF Stainless Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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

M A Ottewell Director	R Lancaster Director
9th July 2026

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

1. General Information

JSF Stainless Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04618535 . The registered office is Chase Road Alpha Park, Brownhills, Walsall, WS8 6JT.

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.

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	10% reducing balane
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% 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.

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2025: 25)

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JSF Stainless Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2025	810,290	20,725	54,291	885,306
Additions	38,150	129,243	-	167,393
Disposals	-	(22,999 )	-	(22,999 )

As at 31 March 2026	848,440	126,969	54,291	1,029,700

Depreciation
As at 1 April 2025	411,169	16,168	43,755	471,092
Provided during the period	43,212	17,441	2,107	62,760
Disposals	-	(7,227 )	-	(7,227 )

As at 31 March 2026	454,381	26,382	45,862	526,625

Net Book Value
As at 31 March 2026	394,059	100,587	8,429	503,075

As at 1 April 2025	399,121	4,557	10,536	414,214

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2025	1,393
Additions	80,000
Disposals	(1,393 )

As at 31 March 2026	80,000

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	80,000

As at 1 April 2025	1,393

The investment represents a 100% shareholding in its subsidiary company Redmore UK Limited.

6. Stocks

	2026	2025
	£	£
Stock	613,126	591,826

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JSF Stainless Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	755,643	410,488
Other debtors	81,654	146,075

	837,297	556,563

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	83,431	64,417
Trade creditors	410,411	262,859
Bank loans and overdrafts	12,107	36,922
Other loans	85,195	76,053
Other taxes and social security	151,851	103,057
Other creditors	565,192	423,874
Amounts owed to group undertakings	17,546	-

	1,325,733	967,182

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	174,603	125,087
Bank loans	96,557	99,397
Other loans	-	2,958

	271,160	227,442

10. Reserves

The movement in reserves during the year relates to the issue of 6 additional Ordinary F £1 shares, and the repurchase of 6 Ordinary A £1 shares at a premium.

11. Related Party Transactions

As at the year end the directors owed the company £28,099 (2025: £nil).

12. Ultimate Controlling Party

The company's ultimate controlling party is M Ottewell by virtue of his ownership of the issued share capital in the company.

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