Stainless UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1981236

Stainless UK Limited

Filleted Unaudited Financial Statements

30 April 2026

Stainless UK Limited

Financial Statements

Year ended 30 April 2026

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 9

Stainless UK Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Stainless UK Limited

Year ended 30 April 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stainless UK Limited for the year ended 30 April 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Stainless UK Limited, as a body, in accordance with the terms of our engagement letter dated 31 October 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Stainless UK Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stainless UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stainless UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stainless UK Limited. You consider that Stainless UK Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Stainless UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

4 October 2026

Stainless UK Limited

Statement of Financial Position

30 April 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	47,784	–
Tangible assets	6	1,381,946	1,469,536
		------------	------------
		1,429,730	1,469,536

Current assets

Stocks		1,810,304	1,936,041
Debtors	7	1,268,819	870,486
Cash at bank and in hand		64,569	2,525
		------------	------------
		3,143,692	2,809,052

Creditors: amounts falling due within one year	8	1,547,356		1,237,359
		------------		------------
Net current assets			1,596,336	1,571,693
			------------	------------
Total assets less current liabilities			3,026,066	3,041,229

Creditors: amounts falling due after more than one year	9		418,984	575,778

Provisions

Taxation including deferred tax	357,379	367,384
	------------	------------
Net assets	2,249,703	2,098,067
	------------	------------

Stainless UK Limited

Statement of Financial Position (continued)

30 April 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	73,002	73,002
Profit and loss account	2,176,701	2,025,065
	------------	------------
Shareholders funds	2,249,703	2,098,067
	------------	------------

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.

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 29 September 2026 , and are signed on behalf of the board by:

Mr O T W E Wells	Mr T J Wells
Director	Director

Company registration number: 1981236

Stainless UK Limited

Notes to the Financial Statements

Year ended 30 April 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Newhall Road Works, Newhall Road, Sheffield, S9 2QL.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website and development costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	Straight line over the period of the lease
Plant & Machinery	-	10% straight line
Fixtures & Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Computer Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured 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 the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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 statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2025: 33 ).

5. Intangible assets

	Website & development costs
	£
Cost
Additions	52,521
	--------
At 30 April 2026	52,521
	--------
Amortisation
Charge for the year	4,737
	--------
At 30 April 2026	4,737
	--------
Carrying amount
At 30 April 2026	47,784
	--------
At 30 April 2025	–
	--------

6. Tangible assets

	Leasehold Property Impr'ments	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer Equipment	Total
	£	£	£	£	£	£
Cost
At 1 May 2025	11,375	2,290,896	160,950	372,564	125,058	2,960,843
Additions	–	100,570	1,689	61,732	1,899	165,890
	--------	------------	---------	---------	---------	------------
At 30 Apr 2026	11,375	2,391,466	162,639	434,296	126,957	3,126,733
	--------	------------	---------	---------	---------	------------
Depreciation
At 1 May 2025	11,375	1,036,527	146,591	199,370	97,444	1,491,307
Charge for the year	–	191,519	3,868	43,298	14,795	253,480
	--------	------------	---------	---------	---------	------------
At 30 Apr 2026	11,375	1,228,046	150,459	242,668	112,239	1,744,787
	--------	------------	---------	---------	---------	------------
Carrying amount
At 30 Apr 2026	–	1,163,420	12,180	191,628	14,718	1,381,946
	--------	------------	---------	---------	---------	------------
At 30 Apr 2025	–	1,254,369	14,359	173,194	27,614	1,469,536
	--------	------------	---------	---------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 30 April 2026	1,190,797
	------------
At 30 April 2025	1,233,022
	------------

7. Debtors

	2026	2025
	£	£
Trade debtors	1,137,528	773,794
Other debtors	131,291	96,692
	------------	---------
	1,268,819	870,486
	------------	---------

Other debtors above include a related party loan balance of £45,205 in relation to which no formal repayment terms apply and in respect of which no interest is being charged.

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	346,307	359,563
Corporation tax	96,787	60,986
Social security and other taxes	61,287	110,366
Other creditors	1,042,975	706,444
	------------	------------
	1,547,356	1,237,359
	------------	------------

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2026	2025
	£	£
Other creditors	375,320	269,207
Hire purchase agreements	243,756	265,559
	---------	---------
	619,076	534,766
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	418,984	575,778
	---------	---------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2026	2025
	£	£
Hire purchase agreements	418,984	575,778
	---------	---------