REGISTERED NUMBER: 01082111 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Niphos Metal Finishing Co. Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J W E Wilcox

R H Wilcox

Mrs P Wilcox

SECRETARY:

J W E Wilcox

REGISTERED OFFICE:

25 Hope Street

Crewe

Cheshire

CW2 7DR

REGISTERED NUMBER:

01082111 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Tangible assets

5

261,420

269,392

CURRENT ASSETS

Stocks

500

400

Debtors

6

1,500

1,585

2,000

1,985

CREDITORS

Amounts falling due within one year

7

(120,009

)

(109,304

)

NET CURRENT LIABILITIES

(118,009

)

(107,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

143,411

162,073

PROVISIONS FOR LIABILITIES

9

(19,825

)

(21,946

)

NET ASSETS

123,586

140,127

CAPITAL AND RESERVES

Called up share capital

720

720

Revaluation reserve

10

277,395

277,395

Capital redemption reserve

2,280

2,280

Retained earnings

(156,809

)

(140,268

)

SHAREHOLDERS' FUNDS

123,586

140,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

R H Wilcox - Director

1.	STATUTORY INFORMATION

Niphos Metal Finishing Company Limited ('The Company') is primarily engaged in the provision of services in the electrochemical plating industry.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principle place of business and the registered office is 25 Hope Street, Crewe, Cheshire, CW2 7DR. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

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

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

The company meets it's day to day working capital requirements through a bank overdraft which is repayable on demand. The directors consider that the facility will continue to be made available within which the company will be able to operate. These views are based on the company's plans, financial projections and discussions with the company's bankers.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition

Revenue (described as 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.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Freehold property is stated at fair value.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Freehold property

- 2.5% on cost

Plant & machinery

- 25% on reducing balance

Motor vehicles

- 25% on reducing balance

Computer equipment

- 33% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each year end.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income and retained earnings.

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 year end.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

year end.

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.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the statement of comprehensive income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 29 February 2024

and 28 February 2025

300,000

21,160

16,203

4,084

341,447

DEPRECIATION

At 29 February 2024

32,500

20,641

14,830

4,084

72,055

Charge for year

7,500

129

343

-

7,972

At 28 February 2025

40,000

20,770

15,173

4,084

80,027

NET BOOK VALUE

At 28 February 2025

260,000

390

1,030

-

261,420

At 28 February 2024

267,500

519

1,373

-

269,392

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,500

1,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,571

23,614

Trade creditors

1,200

1,265

Taxation and social security

452

386

Other creditors

98,786

84,039

120,009

109,304

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

19,571

23,614

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

19,825

21,946

Deferred

tax

£

Balance at 29 February 2024

21,946

Utilised during year

(2,121

)

Balance at 28 February 2025

19,825

10.

RESERVES

Revaluation

reserve

£

At 29 February 2024

and 28 February 2025

277,395