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REGISTERED NUMBER: 04084983 (England and Wales)











Financial Statements

for the Period 1 October 2021 to 30 June 2022

for

Tailor Made Metal Fabrications Limited

Tailor Made Metal Fabrications Limited (Registered number: 04084983)






Contents of the Financial Statements
for the Period 1 October 2021 to 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tailor Made Metal Fabrications Limited

Company Information
for the Period 1 October 2021 to 30 June 2022







DIRECTOR: A S Rogerson





SECRETARY: Mrs C D Rogerson





REGISTERED OFFICE: Eldo House
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 04084983 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
Eldo House, Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Tailor Made Metal Fabrications Limited (Registered number: 04084983)

Balance Sheet
30 June 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,825 67,187
22,825 67,187

CURRENT ASSETS
Stocks 6,588 69,490
Debtors 6 24,426 142,179
Cash at bank 629,568 384,300
660,582 595,969
CREDITORS
Amounts falling due within one year 7 127,549 100,258
NET CURRENT ASSETS 533,033 495,711
TOTAL ASSETS LESS CURRENT LIABILITIES 555,858 562,898

PROVISIONS FOR LIABILITIES 8 4,336 14,357
NET ASSETS 551,522 548,541

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 551,422 548,441
SHAREHOLDERS' FUNDS 551,522 548,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tailor Made Metal Fabrications Limited (Registered number: 04084983)

Balance Sheet - continued
30 June 2022


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 director and authorised for issue on 19 August 2022 and were signed by:





A S Rogerson - Director


Tailor Made Metal Fabrications Limited (Registered number: 04084983)

Notes to the Financial Statements
for the Period 1 October 2021 to 30 June 2022

1. STATUTORY INFORMATION

Tailor Made Metal Fabrications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 on 17 December 2003, has been written off evenly over its estimated useful life of ten 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.
Improvements to property - 5 years straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price lest costs to sell.

Work in progress has been valued at the lower of cost together with a proportion of overheads and net realisable value.

Tailor Made Metal Fabrications Limited (Registered number: 04084983)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 30 June 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and 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.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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 period 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.

Tailor Made Metal Fabrications Limited (Registered number: 04084983)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 30 June 2022

2. ACCOUNTING POLICIES - continued

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.

Income recognition
Income is recognised following the supply of goods or service. Incomplete and uninvoiced work done is also recognised once the company has obtained the right to consideration.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2021 85,000
Disposals (85,000 )
At 30 June 2022 -
AMORTISATION
At 1 October 2021 85,000
Eliminated on disposal (85,000 )
At 30 June 2022 -
NET BOOK VALUE
At 30 June 2022 -
At 30 September 2021 -

Tailor Made Metal Fabrications Limited (Registered number: 04084983)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 30 June 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021 208,381
Disposals (155,977 )
At 30 June 2022 52,404
DEPRECIATION
At 1 October 2021 141,194
Charge for period 4,026
Eliminated on disposal (115,641 )
At 30 June 2022 29,579
NET BOOK VALUE
At 30 June 2022 22,825
At 30 September 2021 67,187

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 22,539 113,248
Amounts recoverable on contract - 11,780
Other debtors 1,887 17,151
24,426 142,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 632 29,552
Taxation and social security 55,570 54,359
Other creditors 71,347 16,347
127,549 100,258

Included in other creditors is an amount owed to the director.

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 4,336 14,357

Tailor Made Metal Fabrications Limited (Registered number: 04084983)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 30 June 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2021 14,357
Movement in provision (10,021 )
Balance at 30 June 2022 4,336

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100