Karris Sheet Metal Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06937946 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2026

for

Karris Sheet Metal Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs I Bailey

Mr J Vincent

REGISTERED OFFICE:

Unit 8

Ashley House

Stephenson Way

Thetford

Norfolk

IP24 3RU

REGISTERED NUMBER:

06937946 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

FIXED ASSETS

Tangible assets

4

2,520

3,131

CURRENT ASSETS

Stocks

2,000

4,200

Debtors

5

56,330

103,823

Cash at bank and in hand

98,955

115,230

157,285

223,253

CREDITORS

Amounts falling due within one year

6

64,859

121,071

NET CURRENT ASSETS

92,426

102,182

TOTAL ASSETS LESS CURRENT LIABILITIES

94,946

105,313

PROVISIONS FOR LIABILITIES

479

595

NET ASSETS

94,467

104,718

CAPITAL AND RESERVES

Called up share capital

78

Capital redemption reserve

7

25

Retained earnings

7

94,364

104,615

SHAREHOLDERS' FUNDS

94,467

104,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2026 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 8th October 2026 and were signed on its behalf by:

Mrs I Bailey - Director

Mr J Vincent - Director

1.	STATUTORY INFORMATION

Karris Sheet Metal 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 15% on reducing balance

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.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1st July 2025

and 30th June 2026

27,176

3,508

613

31,297

DEPRECIATION

At 1st July 2025

24,344

3,211

611

28,166

Charge for year

566

45

-

611

At 30th June 2026

24,910

3,256

611

28,777

NET BOOK VALUE

At 30th June 2026

2,266

252

2

2,520

At 30th June 2025

2,832

297

2

3,131

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

48,916

95,402

Other debtors

6,000

Prepayments

1,414

2,421

56,330

103,823

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

-

9,646

Trade creditors

28,823

64,206

Tax

3,810

6,452

Social security and other taxes

11,768

VAT

3,126

11,404

Other creditors

12,569

12,566

Directors' current accounts

3,643

3,949

Accrued expenses

1,120

1,080

64,859

121,071

7.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1st July 2025

104,615

25

104,640

Profit for the year

15,749

Dividends

(26,000

)

(26,000

)

At 30th June 2026

94,364

25

94,389

8.	RELATED PARTY DISCLOSURES

During the year the company bought goods totalling £53,908 (2025: £39,611) from Karris Welding Services Limited, a company in which Mrs I Bailey is also a director and shareholder. During the year the company sold goods totalling £26,847 (2025: £40,004) to Karris Welding Services Limited. These transactions were carried out at arms length. At the balance sheet date the company owed £21,400 (2025: was owed £1,637) to Karris Welding Services Limited.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled by its directors collectively during the current and previous year.