REGISTERED NUMBER: 07930737 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

STELLEX MANUFACTURING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Imlah

M A J Street

A A Chamberlain

SECRETARY:

M A J Street

REGISTERED OFFICE:

Unitech House

Prospect Road

Burntwood

Staffordshire

WS7 0AL

REGISTERED NUMBER:

07930737 (England and Wales)

AUDITORS:

TC Group, Statutory Auditor

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Tangible assets

4

27,284

11,026

CURRENT ASSETS

Stocks

5

595,764

505,938

Debtors

6

241,428

243,857

Cash at bank

12,002

1,507

849,194

751,302

CREDITORS

Amounts falling due within one year

7

385,608

573,316

NET CURRENT ASSETS

463,586

177,986

TOTAL ASSETS LESS CURRENT LIABILITIES

490,870

189,012

CREDITORS

Amounts falling due after more than one year

8

(1,482,298

)

(980,837

)

PROVISIONS FOR LIABILITIES

9

(3,755

)

-

NET LIABILITIES

(995,183

)

(791,825

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

(996,183

)

(792,825

)

SHAREHOLDERS' FUNDS

(995,183

)

(791,825

)

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 15 July 2026 and were signed on its behalf by:

A M Imlah - Director

M A J Street - Director

1.	STATUTORY INFORMATION

Stellex Manufacturing LTD 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 (£).

The company's trading addresses are Hadston Industrial Estate, Hadston, Morpeth, Northumberland, NE65 9YG and Unitech House, Grafton Street, Batley, WF17 6AR.

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.

There were no material departures from that standard.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

50% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Raw materials are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving stock. Stock is valued under the FIFO method. Work in progress under contract is stated at direct cost of production plus attributable overheads and a proportion of profit according to the stage of completion.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

The financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued financial support of Unitech Industries Ltd, the parent undertaking. At the date of approval of these financial statements, Unitech Industries Ltd has committed to support the company financially for the foreseeable future. Based on this undertaking, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 47 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

33,618

11,644

27,285

72,547

Additions

20,390

6,280

-

26,670

At 31 December 2025

54,008

17,924

27,285

99,217

DEPRECIATION

At 1 January 2025

27,028

8,573

25,920

61,521

Charge for year

5,396

4,675

341

10,412

At 31 December 2025

32,424

13,248

26,261

71,933

NET BOOK VALUE

At 31 December 2025

21,584

4,676

1,024

27,284

At 31 December 2024

6,590

3,071

1,365

11,026

5.

STOCKS

2025

2024

£

£

Raw materials

234,020

220,504

Work-in-progress

361,744

285,434

595,764

505,938

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

125,217

206,596

Amounts owed by group undertakings

87,447

12,646

Other debtors

307

574

Deferred tax asset

-

409

Prepayments

28,457

23,632

241,428

243,857

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

83,767

161,716

Trade creditors

176,576

198,507

Amounts owed to group undertakings

2,937

17,328

Corporation tax

-

25,989

Social security and other taxes

30,599

31,777

VAT

59,125

107,680

Other creditors

32,604

30,319

385,608

573,316

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,482,298

980,837

9.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

3,755

Deferred

tax

£

Balance at 1 January 2025

(409

)

Provided during year

4,164

Balance at 31 December 2025

3,755

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

0.10

1,000

1,000

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Antonia Aldridge-Brown FCCA (Senior Statutory Auditor)

for and on behalf of TC Group, Statutory Auditor

12.	RELATED PARTY DISCLOSURES

During the year, the company made sales of £361,836 (2024: £274,203) to other group companies and purchases of £216,227 (2024: £199,534).

Amounts owed from other group companies at the year end totalled £87,446 (2024: £12,646) and amounts owed to other group companies totalled £1,485,235 (2024: £983,886).

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Unitech Industries Limited.

The ultimate controlling party is A M Imlah.

Unitech Industries Limited prepares group financial statements and copies can be obtained from Unitech House, Prospect Road, Burntwood, Staffordshire, WS7 0AU.