REGISTERED NUMBER: 09536871 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

BH TUNGSTEN GRINDERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D White

Mrs A White

J Raftery

Mrs J Raftery

C Martin

Mrs S Martin

REGISTERED OFFICE:

7 Rose Way

Blaby

Leicestershire

LE8 4BY

REGISTERED NUMBER:

09536871 (England and Wales)

ACCOUNTANTS:

J Raftery Accountancy

16 Brookes Avenue

Croft

Leicester

Leicestershire

LE9 3GJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

662,503

463,098

662,503

463,098

CURRENT ASSETS

Stocks

154,435

126,227

Debtors

6

203,504

91,768

Cash at bank

343,429

300,734

701,368

518,729

CREDITORS

Amounts falling due within one year

7

212,296

168,838

NET CURRENT ASSETS

489,072

349,891

TOTAL ASSETS LESS CURRENT LIABILITIES

1,151,575

812,989

PROVISIONS FOR LIABILITIES

8

2,376

3,117

NET ASSETS

1,149,199

809,872

CAPITAL AND RESERVES

Called up share capital

72

72

Revaluation reserve

9

203,305

-

Retained earnings

945,822

809,800

SHAREHOLDERS' FUNDS

1,149,199

809,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

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 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 28 April 2026 and were signed on its behalf by:

D White - Director

C Martin - Director

J Raftery - Director

Mrs J Raftery - Director

Mrs S Martin - Director

Mrs A White - Director

1.	STATUTORY INFORMATION

BH Tungsten Grinders 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.

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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade 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. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of four 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

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 assets

Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities

The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

65,000

AMORTISATION

At 1 April 2025

and 31 March 2026

65,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 April 2025

446,695

7,700

11,281

Revaluations

203,305

-

-

At 31 March 2026

650,000

7,700

11,281

DEPRECIATION

At 1 April 2025

-

6,149

10,055

Charge for year

-

311

245

At 31 March 2026

-

6,460

10,300

NET BOOK VALUE

At 31 March 2026

650,000

1,240

981

At 31 March 2025

446,695

1,551

1,226

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2025

69,582

2,900

538,158

Revaluations

-

-

203,305

At 31 March 2026

69,582

2,900

741,463

DEPRECIATION

At 1 April 2025

57,198

1,658

75,060

Charge for year

3,096

248

3,900

At 31 March 2026

60,294

1,906

78,960

NET BOOK VALUE

At 31 March 2026

9,288

994

662,503

At 31 March 2025

12,384

1,242

463,098

Included in cost or valuation of land and buildings is freehold land of £ 650,000 (2025 - £ 0 ) which is not depreciated.

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2025

203,305

7,700

11,281

Cost

446,695

-

-

650,000

7,700

11,281

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2025

69,582

2,900

294,768

Cost

-

-

446,695

69,582

2,900

741,463

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

102,264

90,136

Other debtors

100,000

-

Prepayments

1,240

1,632

203,504

91,768

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

70,905

46,001

Tax

79,367

75,386

Social security and other taxes

951

722

VAT

56,437

40,549

Other creditors

-

1,806

Directors' current accounts

4,636

4,374

212,296

168,838

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

2,376

3,117

Deferred

tax

£

Balance at 1 April 2025

3,117

Provided during year

(741

)

Balance at 31 March 2026

2,376

9.

RESERVES

Revaluation

reserve

£

Revaluation Reserve

203,305

At 31 March 2026

203,305

10.	RELATED PARTY DISCLOSURES

At 31 March 2026 an amount of £4,636 (2025 £4,374) was due to the directors. This amount is included in the creditors on the balance sheet.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Raftery, Mr & Mrs Martin,& Mr & Mrs White.