REGISTERED NUMBER: 01157558 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

Kadel Engineering Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs J S Rollins

Mr P Rollins

Miss D J Rollins

REGISTERED OFFICE:

Riverside Works

Ingrow Bridge Business Park

Halifax Road

Keighley

West Yorkshire

BD21 5DZ

REGISTERED NUMBER:

01157558 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

FIXED ASSETS

Tangible assets

5

497,283

562,184

CURRENT ASSETS

Stocks

30,000

34,500

Debtors

6

311,545

310,909

Cash at bank

148,642

86,823

490,187

432,232

CREDITORS

Amounts falling due within one year

7

157,403

88,448

NET CURRENT ASSETS

332,784

343,784

TOTAL ASSETS LESS CURRENT LIABILITIES

830,067

905,968

CREDITORS

Amounts falling due after more than one year

8

(1,605

)

(1,889

)

PROVISIONS FOR LIABILITIES

9

(82,619

)

(97,219

)

NET ASSETS

745,843

806,860

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

735,843

796,860

SHAREHOLDERS' FUNDS

745,843

806,860

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

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

Mrs J S Rollins - Director

1.	STATUTORY INFORMATION

Kadel Engineering 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

25% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant &

Fixtures

property

machinery

& fittings

£

£

£

COST

At 1 May 2025

and 30 April 2026

324,940

1,460,013

85,297

DEPRECIATION

At 1 May 2025

151,632

1,076,141

81,005

Charge for year

6,499

57,581

643

At 30 April 2026

158,131

1,133,722

81,648

NET BOOK VALUE

At 30 April 2026

166,809

326,291

3,649

At 30 April 2025

173,308

383,872

4,292

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2025

and 30 April 2026

29,980

10,563

1,910,793

DEPRECIATION

At 1 May 2025

29,268

10,563

1,348,609

Charge for year

178

-

64,901

At 30 April 2026

29,446

10,563

1,413,510

NET BOOK VALUE

At 30 April 2026

534

-

497,283

At 30 April 2025

712

-

562,184

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

90,605

48,226

Directors' current accounts

162,776

222,537

Tax

53,559

32,671

Prepayments

4,605

7,475

311,545

310,909

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade creditors

54,268

52,096

Corporate taxation

72,103

-

Social security & other taxes

23,054

7,120

Directors' current accounts

3,695

24,899

Accrued expenses

4,000

4,000

Deferred government grants

283

333

157,403

88,448

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Deferred government grants

1,605

1,889

9.	PROVISIONS FOR LIABILITIES

30.4.26

30.4.25

£

£

Deferred tax

82,619

97,219

Deferred

tax

£

Balance at 1 May 2025

97,219

Provided during year

(14,600

)

Balance at 30 April 2026

82,619

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £13,426 (2025 £94,710 ). There were no outstanding contributions payable at either year end.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

30.4.26

30.4.25

£

£

Mrs J S Rollins

Balance outstanding at start of year

222,537

-

Amounts advanced

12,364

222,537

Amounts repaid

(72,126

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

162,775

222,537

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kadel Engineering Limited for the year ended 30 April 2026 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kadel Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kadel Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Kadel Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kadel Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kadel Engineering 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 Kadel Engineering Limited. You consider that Kadel Engineering 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 Kadel Engineering 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.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

30 September 2026