Cavalier Sheet Metal Works Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01373446

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		334,279		378,991

			334,279		378,991
CURRENT ASSETS
Stocks	5	296,270		241,164
Debtors	6	2,061,650		1,901,431
Cash at bank and in hand		509,764		687,268

		2,867,684		2,829,863
Creditors: Amounts Falling Due Within One Year	7	(483,422 )		(479,041 )

NET CURRENT ASSETS (LIABILITIES)			2,384,262		2,350,822

TOTAL ASSETS LESS CURRENT LIABILITIES			2,718,541		2,729,813

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,886 )		(13,410 )

NET ASSETS			2,712,655		2,716,403

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			2,712,455		2,716,203

SHAREHOLDERS' FUNDS			2,712,655		2,716,403

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Cavalier Sheet Metal Works Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs S P Cliff

Director

10 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cavalier Sheet Metal Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01373446 . The registered office is Greasley Street, Bulwell, Nottingham, NG6 8NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	15% straight line
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. 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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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Cavalier Sheet Metal Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2025: 25)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2025	421,839	1,057,172	116,795	1,595,806

As at 31 March 2026	421,839	1,057,172	116,795	1,595,806

Depreciation
As at 1 April 2025	205,363	976,848	34,604	1,216,815
Provided during the period	3,985	20,179	20,548	44,712

As at 31 March 2026	209,348	997,027	55,152	1,261,527

Net Book Value
As at 31 March 2026	212,491	60,145	61,643	334,279

As at 1 April 2025	216,476	80,324	82,191	378,991

5. Stocks

	2026	2025
	£	£
Stock	64,406	27,172
Work in progress	231,864	213,992

	296,270	241,164

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	712,519	685,482
Prepayments and accrued income	71,621	39,438
Other debtors	25,782	24,879
Directors' loan accounts	2,097	22,000
Amounts owed by group undertakings	1,249,631	1,129,632

	2,061,650	1,901,431

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Cavalier Sheet Metal Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	253,284	167,948
Corporation tax	123,403	114,977
Other taxes and social security	23,410	26,135
VAT	69,588	108,806
Other creditors	553	52,521
Accruals and deferred income	8,025	8,654
Directors' loan accounts	5,159	-

	483,422	479,041

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mrs Sharon Cliff	-	97	-	-	97
Mr Dean Hutchby	20,000	-	20,000	-	-
Mr Peter Hutchby	2,000	-	-	-	2,000

The above loan is unsecured, interest free and repayable on demand.

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