REGISTERED NUMBER: 06334398 (England and Wales)

SHEET METAL SERVICES (MIDLANDS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Barratt

C J Bennett

P Dancyger

SECRETARY:

C J Bennett

REGISTERED OFFICE:

Unit 9

Hartlebury Trading Estate

Hartlebury

Kidderminster

Worcestershire

DY10 4JB

REGISTERED NUMBER:

06334398 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

170,340

132,369

170,340

132,369

CURRENT ASSETS

Stocks

4,500

3,800

Debtors

6

40,672

89,912

Cash at bank

97,757

109,459

142,929

203,171

CREDITORS

Amounts falling due within one year

7

66,129

66,722

NET CURRENT ASSETS

76,800

136,449

TOTAL ASSETS LESS CURRENT LIABILITIES

247,140

268,818

CREDITORS

Amounts falling due after more than one year

8

(46,801

)

-

PROVISIONS FOR LIABILITIES

10

(32,365

)

(25,150

)

NET ASSETS

167,974

243,668

CAPITAL AND RESERVES

Called up share capital

11

3

3

Retained earnings

12

167,971

243,665

SHAREHOLDERS' FUNDS

167,974

243,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 29 September 2026 and were signed on its behalf by:

C M Barratt - Director

1.	STATUTORY INFORMATION

Sheet Metal Services (Midlands) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

17,000

AMORTISATION

At 1 February 2025

and 31 January 2026

17,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 February 2025

47,395

236,387

2,597

286,379

Additions

-

122,645

1,703

124,348

Disposals

-

(147,000

)

-

(147,000

)

At 31 January 2026

47,395

212,032

4,300

263,727

DEPRECIATION

At 1 February 2025

-

152,508

1,502

154,010

Charge for year

-

50,891

603

51,494

Eliminated on disposal

-

(112,117

)

-

(112,117

)

At 31 January 2026

-

91,282

2,105

93,387

NET BOOK VALUE

At 31 January 2026

47,395

120,750

2,195

170,340

At 31 January 2025

47,395

83,879

1,095

132,369

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

Plant and

machinery

£

COST

Additions

118,175

At 31 January 2026

118,175

DEPRECIATION

Charge for year

29,544

At 31 January 2026

29,544

NET BOOK VALUE

At 31 January 2026

88,631

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

29,096

83,025

Prepayments

11,576

6,887

40,672

89,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

19,625

-

Trade creditors

8,545

15,331

Corporation tax

-

3,601

Social security and other taxes

1,966

2,890

VAT

13,848

14,846

Other creditors

-

534

Directors' current accounts

19,520

27,520

Accrued expenses

2,625

2,000

66,129

66,722

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

46,801

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Hire purchase contracts

66,426

-

10.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

32,365

25,150

Deferred

tax

£

Balance at 1 February 2025

25,150

Provided during year

7,215

Balance at 31 January 2026

32,365

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

3

Ordinary

£1

3

3

12.

RESERVES

Retained

earnings

£

At 1 February 2025

243,665

Deficit for the year

(75,694

)

At 31 January 2026

167,971

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY