COMPANY REGISTRATION NUMBER:
06474404
|
Filleted Financial Statements |
|
|
Statement of Financial Position |
|
30 September 2025
Current assets
|
Stocks |
1,355,635 |
|
1,733,496 |
|
Debtors |
5 |
182,357 |
|
45,978 |
|
Cash at bank and in hand |
2,822 |
|
87,783 |
|
------------ |
|
------------ |
|
1,540,814 |
|
1,867,257 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
1,465,340 |
|
1,762,850 |
|
------------ |
|
------------ |
|
Net current assets |
|
75,474 |
104,407 |
|
|
-------- |
--------- |
|
Total assets less current liabilities |
|
75,474 |
104,407 |
|
|
-------- |
--------- |
|
Net assets |
|
75,474 |
104,407 |
|
|
-------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100,000 |
100,000 |
|
Profit and loss account |
|
(
24,526) |
4,407 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
75,474 |
104,407 |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
7 September 2026
, and are signed on behalf of the board by:
Company registration number:
06474404
|
Notes to the Financial Statements |
|
Year ended 30 September 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Commerce Road, Lynch Wood, Peterborough, Cambridgeshire, PE2 6LR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has a made a loss during the year, however balance sheet still showing net assets at the reporting date. Financial support is provided by the parent company, who have indicated that they will continue to support the company for the foreseeable future. The director, for these reasons, continue to adopt the going concern basis in preparing the financial statements.
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Stocks
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
182,357 |
45,978 |
|
--------- |
-------- |
|
|
|
The company has entered a full non recourse invoice factoring agreement with its lender and therefore has no trade debtors.
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
84,509 |
26,592 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,273,259 |
1,677,676 |
|
Social security and other taxes |
75,891 |
43,018 |
|
Other creditors |
31,681 |
15,564 |
|
------------ |
------------ |
|
1,465,340 |
1,762,850 |
|
------------ |
------------ |
|
|
|
7.
Summary audit opinion
The auditor's report dated
15 September 2026
was
unqualified
.
The senior statutory auditor was
Heather McConnell
, for and on behalf of
Streets Audit LLP
.
8.
Related party transactions
The company has taken advantage of the exemption available in Financial Reporting Standard 102 Section 33 whereby it has not disclosed transactions with the ultimate parent company or wholly owned subsidiary undertakings of the group. The consolidated financial statements of the parent company are publicly available at the parent company's office at Wachhausstrasse 5c, D-76227 Karisruhe, Germany.
9.
Controlling party
The ultimate parent undertaking entity is Interfer Edelstahl Handelsgesellschaft mbH, a company registered in Germany. The consolidated financial statements of the parent company are publicly available at the parent company's office at Wachhausstrasse 5c, D-76227 Karisruhe, Germany.