REGISTERED NUMBER: 05021652 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BOWMILL METAL TREATMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Boucher

S Vivian

REGISTERED OFFICE:

18-30 Morris Road

Nuffield

Poole

Dorset

BH17 0GG

REGISTERED NUMBER:

05021652 (England and Wales)

SENIOR STATUTORY AUDITOR:

Edmund Cartwright FCCA FMAAT

AUDITORS:

Carter & Coley Limited

Chartered Accountants and Statutory Auditor

3 Durrant Road

Bournemouth

Dorset

BH2 6NE

FIXED ASSETS

Tangible assets

4

476,619

539,697

CURRENT ASSETS

Stocks

106,978

105,789

Debtors

5

1,454,789

2,887,283

Cash at bank and in hand

757,121

3,573

2,318,888

2,996,645

CREDITORS

Amounts falling due within one year

6

1,771,869

1,560,187

NET CURRENT ASSETS

547,019

1,436,458

TOTAL ASSETS LESS CURRENT LIABILITIES

1,023,638

1,976,155

CREDITORS

Amounts falling due after more than one year

7

(24,105

)

(46,364

)

PROVISIONS FOR LIABILITIES

9

(104,031

)

(111,181

)

NET ASSETS

895,502

1,818,610

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

895,500

1,818,608

SHAREHOLDERS' FUNDS

895,502

1,818,610

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2026 and were signed on its behalf by:

D A Boucher - Director

1.	STATUTORY INFORMATION

Bowmill Metal Treatments 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. The functional and presentational currency of the Company is £ sterling.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other group members.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.

Short leasehold

-

in accordance with the term of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixed assets are initially recognised at cost.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and the equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the

obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

59,800

2,245,761

166,475

9,995

2,482,031

Additions

-

28,265

2,200

-

30,465

At 31 December 2025

59,800

2,274,026

168,675

9,995

2,512,496

DEPRECIATION

At 1 January 2025

29,914

1,777,414

125,457

9,549

1,942,334

Charge for year

9,629

72,875

10,890

149

93,543

At 31 December 2025

39,543

1,850,289

136,347

9,698

2,035,877

NET BOOK VALUE

At 31 December 2025

20,257

423,737

32,328

297

476,619

At 31 December 2024

29,886

468,347

41,018

446

539,697

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

72,360

16,595

88,955

DEPRECIATION

At 1 January 2025

and 31 December 2025

13,214

346

13,560

NET BOOK VALUE

At 31 December 2025

59,146

16,249

75,395

At 31 December 2024

59,146

16,249

75,395

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,399,840

873,916

Amounts owed by group undertakings

-

1,945,431

Prepayments and accrued income

54,949

67,936

1,454,789

2,887,283

Included under trade debtors are debts amounting to Nil (2024 : £851,254) subject to debt financing. Amounts owed by group undertakings are interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

22,324

22,324

Trade creditors

100,931

119,610

Amounts owed to group undertakings

34,517

-

Corporation tax

1,039,937

153,507

Social security and other taxes

60,521

47,530

VAT

364,533

280,250

Other creditors

13,937

12,829

Advance re debt financing

-

800,110

Accruals and deferred income

135,169

124,027

1,771,869

1,560,187

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,105

46,364

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

46,429

68,688

Debt financing

-

800,110

Hire purchase contracts

46,429

-

92,858

868,798

There is a Debenture including a fixed charge over all present freehold and leasehold property; a first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and a first floating charge over all assets and undertakings, both present and future.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

104,031

111,181

Deferred

tax

£

Balance at 1 January 2025

111,181

Provided during year

(7,150

)

Balance at 31 December 2025

104,031

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Edmund Cartwright FCCA FMAAT (Senior Statutory Auditor)

for and on behalf of Carter & Coley Limited

11.	OTHER FINANCIAL COMMITMENTS

The company has given an unlimited guarantee in respect of any bank borrowings by its parent company. This guarantee is not expected to give rise to any loss. The total amount guaranteed at the balance sheet date was £1,059,619 (2024 : £1,708,152).

12.	ULTIMATE PARENT COMPANY

In the opinion of the directors, Bowmill Engineering Ltd, a company registered in England and Wales with company number 00981453 was the company's ultimate parent company throughout the current and previous period.