Registrar

Registration number: 04144088

Finch Seaman Enfield Group Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Finch Seaman Enfield Group Limited

Company Information

Directors

DG Bisset R Oxborough H J Bisset

Registered office

11 Swinbourne Drive Springwood Industrial Estate Braintree Essex CM7 2YP

Solicitors

Gisby Harrison Solicitors Goffs Oak House Goffs Lane Goffs Oak Herts EN7 5HG

Bankers

Barclays Bank PLC 1 Bank Street Braintree Essex CM7 7UQ

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Finch Seaman Enfield Group Limited

(Registration number: 04144088)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	443,520	355,533
Investments	5	66,395	86,395
		509,915	441,928
Current assets
Stocks	6	7,875	7,500
Debtors	7	1,421,681	1,184,488
Cash at bank and in hand		29,807	25,590
		1,459,363	1,217,578
Creditors: Amounts falling due within one year	8	(1,399,710)	(1,027,278)
Net current assets		59,653	190,300
Total assets less current liabilities		569,568	632,228
Creditors: Amounts falling due after more than one year	8	(164,066)	(151,041)
Provisions for liabilities		(13,323)	(74,636)
Net assets		392,179	406,551
Capital and reserves
Called up share capital	9	91,392	91,392
Share premium reserve		138,876	138,876
Capital redemption reserve		3,808	3,808
Revaluation reserve		49,950	49,950
Retained earnings		108,153	122,525
Shareholders' funds		392,179	406,551

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Finch Seaman Enfield Group Limited

(Registration number: 04144088)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 November 2025 and signed on its behalf by:
 

H J Bisset
Director

Finch Seaman Enfield Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a incorporated in England & Wales

The address of its registered office and the principal place of business is: 11 Swinbourne Drive, Springwood Industrial Estate, Braintree, Essex, CM7 2YP.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Summary of disclosure exemptions

The company has taken exemption from disclosing related party transactions with group entities of a wholly owned group as permitted by Paragraph 33.1A of FRS 102..

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the management costs charged to group companies. Turnover is shown net of value added tax, returns and discounts.

The company recognises revenue when:
• the amount of revenue can be reliably measured;
• it is probable that future economic benefits will flow to the entity;
• and specific criteria have been met for each of the company's activities.

Finch Seaman Enfield Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

All assets have been revalued in the year to market value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	Straight line over 9-23 years
Plant, machinery and standard patterns	Straight line over 3-46 years
Motor vehicles	Straight line over 4 years
Fixtures, fittings and office equipment	Straight line over 2-49 years

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Trade debtors

Trade debtors are amounts due from customers for the sale of stair nosings in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost, after making due allowances for obsolete and slow moving items and estimated selling price less costs to complete and sell.

Cost represents the expenditure incurred in bringing each product to its present location and condition as follows:

Raw materials – Purchase cost
Finished goods – Cost of direct materials, transport and labour

Work in progress represents the proportion of the job complete at the year end. It includes all direct expenditure and an appropriate proportion of fixed and variable overheads, and is uplifted to the sales value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Finch Seaman Enfield Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over the useful life of the asset. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 9).

Finch Seaman Enfield Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Office equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	5,156	116,700	12,429	221,397	355,682
Additions	20,324	2,213	-	86,534	109,071
At 31 March 2025	25,480	118,913	12,429	307,931	464,753
Depreciation
At 1 April 2024	-	30	-	119	149
Charge for the year	323	6,990	3,107	10,664	21,084
At 31 March 2025	323	7,020	3,107	10,783	21,233
Carrying amount
At 31 March 2025	25,157	111,893	9,322	297,148	443,520
At 31 March 2024	5,156	116,670	12,429	221,278	355,533

Revaluation

The fair value of all of the company's asset classes were revalued on 31 March 2024. An independent valuer was not involved. The revalued amounts have been derived by the directors of the company based on the market prices at the date of revaluation.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £333,114 (2024 - £263,269).
 
Plant and machinery assets purchased under hire purchase arrangements have been pledged as security totalling a carrying value of £118,519 (2024 - £122,752).

5	Investments

	2025 £	2024 £
Investments in subsidiaries	66,395	86,395