Registration number: 04509209

Fussey Engineering Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Fussey Engineering Limited

(Registration number: 04509209)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	299,803	515,435
Current assets
Debtors	6	1,140,332	698,062
Cash at bank and in hand		223,766	1,467,294
		1,364,098	2,165,356
Creditors: Amounts falling due within one year	7	(578,493)	(560,320)
Net current assets		785,605	1,605,036
Total assets less current liabilities		1,085,408	2,120,471
Provisions for liabilities		(59,728)	(102,563)
Net assets		1,025,680	2,017,908
Capital and reserves
Called up share capital		3,000	3,000
Retained earnings		1,022,680	2,014,908
Shareholders' funds		1,025,680	2,017,908

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

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 June 2026 and signed on its behalf by:
 

......................................... D G Fussey Director

......................................... M D Fussey Director

Fussey Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Lancaster Approach
North Killingholme
Grimsby
N E Lincolnshire
DN40 3JZ

These financial statements were authorised for issue by the Board on 9 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements cover the individual entity, Fussey Engineering Limited.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fussey Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15 -25% reducing balance
Motor vehicles	25% reducing balance
Leasehold improvements	10% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years

Investments

Investments are included at fair value where they can be measured reliably, with the changes in fair value recognised in profit or loss. Investments which cannot be measured reliably at fair value are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Fussey Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Trade creditors

Trade creditors 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 the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 27 (2024 - 30).

Fussey Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 December 2024	300,000	300,000
At 30 November 2025	300,000	300,000
Amortisation
At 1 December 2024	300,000	300,000
At 30 November 2025	300,000	300,000
Carrying amount
At 30 November 2025	-	-

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	132,423	90,823	947,519	276,250	1,447,015
Additions	-	1,695	3,740	26,000	31,435
Disposals	-	-	(598,000)	(38,739)	(636,739)
At 30 November 2025	132,423	92,518	353,259	263,511	841,711
Depreciation
At 1 December 2024	132,423	73,197	614,589	111,371	931,580
Charge for the year	-	9,996	32,128	37,926	80,050
Eliminated on disposal	-	-	(449,511)	(20,211)	(469,722)
At 30 November 2025	132,423	83,193	197,206	129,086	541,908
Carrying amount
At 30 November 2025	-	9,325	156,053	134,425	299,803
At 30 November 2024	-	17,626	332,930	164,879	515,435

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.
 

Fussey Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		240,459	254,922
Amounts owed from group undertakings and undertakings in which the company has a participating interest	9	304,040	-
Prepayments		110,137	78,333
Other debtors		485,696	364,807
		1,140,332	698,062

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	15,550	18,008
Trade creditors		283,544	122,057
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest	9	128,558	197,656
Taxation and social security		44,603	118,816
Accruals and deferred income		90,845	96,004
Other creditors		15,393	7,779
		578,493	560,320

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	15,550	18,008

9	Related party transactions

The company has taken advantage of the exemption in section 33 of FRS 102 ' Related Party Disclosures' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.

Fussey Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

10	Parent and ultimate parent undertaking

The company's immediate parent is Fussey Holdings Limited, incorporated in England.

 The ultimate parent is Fussey Services Limited, incorporated in England.