REGISTERED NUMBER: 01539662 (England and Wales)

FENDER STEEL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

L G Norris

C Norris

Mrs C S Norris

SECRETARY:

Mrs C S Norris

REGISTERED OFFICE:

20 Midland Road

Scunthorpe

North Lincolnshire

DN16 1DQ

REGISTERED NUMBER:

01539662 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

858,047

1,043,017

CURRENT ASSETS

Stocks

433,967

499,999

Debtors

5

798,306

1,288,926

Cash at bank and in hand

426,591

15,874

1,658,864

1,804,799

CREDITORS

Amounts falling due within one year

6

799,749

928,888

NET CURRENT ASSETS

859,115

875,911

TOTAL ASSETS LESS CURRENT LIABILITIES

1,717,162

1,918,928

CREDITORS

Amounts falling due after more than one year

7

(1,769

)

(12,231

)

PROVISIONS FOR LIABILITIES

(30,926

)

(74,448

)

NET ASSETS

1,684,467

1,832,249

CAPITAL AND RESERVES

Called up share capital

10

84

84

Capital redemption reserve

17

17

Retained earnings

1,684,366

1,832,148

SHAREHOLDERS' FUNDS

1,684,467

1,832,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 18 September 2026 and were signed on its behalf by:

L G Norris - Director

1.	STATUTORY INFORMATION

Fender Steel Limited 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 (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of Value Added Tax and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of construction supplies & accessories is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the cost incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold land and buildings

-

25% on cost, 15% on cost and 2% on cost

Plant and machinery etc

-

40% on reducing balance, 25% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and are depreciated over their useful lives.

Obligations under such agreements are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charges on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

841,647

1,608,523

2,450,170

Additions

-

1,692

1,692

Disposals

-

(141,650

)

(141,650

)

At 31 December 2025

841,647

1,468,565

2,310,212

DEPRECIATION

At 1 January 2025

269,083

1,138,070

1,407,153

Charge for year

17,449

98,273

115,722

Eliminated on disposal

-

(70,710

)

(70,710

)

At 31 December 2025

286,532

1,165,633

1,452,165

NET BOOK VALUE

At 31 December 2025

555,115

302,932

858,047

At 31 December 2024

572,564

470,453

1,043,017

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

546,022

774,675

Other debtors

252,284

514,251

798,306

1,288,926

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,462

10,204

Hire purchase contracts (see note 8)

-

2,498

Trade creditors

710,448

718,410

Taxation and social security

51,365

61,657

Other creditors

27,474

136,119

799,749

928,888

Other creditors include an amount of £Nil (2024: £127,369) in respect of an invoice discounting facility.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,769

12,231

8.	LEASING AGREEMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £25,432 (2024: £Nil).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

12,231

22,435

Hire purchase contracts

-

2,498

12,231

24,933

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

84

Ordinary

£1

84

84

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account totalling £36,621 brought forward (2024: £44,216). During the year, the directors of the company repaid £6,000 (2024: £8,500) and withdrew £Nil (2024: £NIL). Interest was charged on the overdrawn directors loan account of £1,101 (2024: £905). The balance at the end of the year totalled £31,722 overdrawn (2024: £36,621 overdrawn).