| REGISTERED NUMBER: |
| Fairfield Tool & Die Company (Maesteg) |
| Limited |
| Unaudited Financial Statements for the Year Ended 31 July 2025 |
| REGISTERED NUMBER: |
| Fairfield Tool & Die Company (Maesteg) |
| Limited |
| Unaudited Financial Statements for the Year Ended 31 July 2025 |
| Fairfield Tool & Die Company (Maesteg) |
| Limited (Registered number: 01269682) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Fairfield Tool & Die Company (Maesteg) |
| Limited |
| Company Information |
| for the Year Ended 31 July 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 5th Floor Hodge House |
| 114-116 St Mary Street |
| Cardiff |
| CF10 1DY |
| Fairfield Tool & Die Company (Maesteg) |
| Limited (Registered number: 01269682) |
| Balance Sheet |
| 31 July 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Revaluation reserve | 10 |
| Retained earnings | 10 |
| Shareholders' funds |
| 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 were approved by the Board of Directors and authorised for issue on |
| Fairfield Tool & Die Company (Maesteg) |
| Limited (Registered number: 01269682) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2025 |
| 1. | Statutory information |
| Fairfield Tool & Die Company (Maesteg) Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| The Directors have reviewed and considered relevant information, in making their assessment to the COVID-19 pandemic. The Directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements. |
| Turnover |
| Turnover represents amounts chargeable, net of value added tax, in respect of precision engineering. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 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 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. |
| Cash and cash equivalents |
| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months of less. |
| Debtors and creditors receivable/payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year and recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Fairfield Tool & Die Company (Maesteg) |
| Limited (Registered number: 01269682) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 4. | Tangible fixed assets |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| Cost or valuation |
| At 1 August 2024 |
| Additions |
| Revaluations |
| At 31 July 2025 |
| Depreciation |
| At 1 August 2024 |
| Charge for year |
| At 31 July 2025 |
| Net book value |
| At 31 July 2025 |
| At 31 July 2024 |
| Included in cost or valuation of land and buildings is freehold land of £82,857 (2024 £67,092) which is not depreciated. |
| Cost or valuation at 31 July 2025 is represented by: |
| Freehold | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| Valuation in 2019 | 67,092 | - | - | 67,092 |
| Valuation in 2025 | 15,765 | - | - | 15,765 |
| Cost | 17,143 | 282,137 | 5,490 | 304,770 |
| 100,000 | 282,137 | 5,490 | 387,627 |
| If freehold property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 17,143 | 17,143 |
| Aggregate depreciation | 11,292 | 10,949 |
| Freehold land and building were valued on a fair value basis on 31 July 2025 by the directors . |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| £ |
| Cost or valuation |
| Additions |
| At 31 July 2025 |
| Depreciation |
| Charge for year |
| At 31 July 2025 |
| Net book value |
| At 31 July 2025 |
| Fairfield Tool & Die Company (Maesteg) |
| Limited (Registered number: 01269682) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 5. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 6. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT | 19,576 | 10,063 |
| Other creditors |
| Directors' current accounts | 11,128 | 8,628 |
| Accrued expenses |
| 7. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| 8. | Secured debts |
| Hire purchase contracts are secured against the assets they relate to. |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | Reserves |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 August 2024 | 83,537 |
| Profit for the year |
| At 31 July 2025 | 103,815 |
| Fairfield Tool & Die Company (Maesteg) |
| Limited (Registered number: 01269682) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 11. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| No interest is charged on the loans and there is no fixed date for repayment. |
| 12. | Ultimate controlling party |
| The controlling party is A R Yorwerth. |