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REGISTERED NUMBER: 06928398 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2023

for

AMPFAB Limited

AMPFAB Limited (Registered number: 06928398)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


AMPFAB Limited (Registered number: 06928398)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,304 5,581
43,304 5,581

CURRENT ASSETS
Stocks 11,073 16,754
Debtors 6 27,659 29,094
Cash at bank and in hand 62,833 72,431
101,565 118,279
CREDITORS
Amounts falling due within one year 7 (71,363 ) (85,255 )
NET CURRENT ASSETS 30,202 33,024
TOTAL ASSETS LESS CURRENT LIABILITIES 73,506 38,605

CREDITORS
Amounts falling due after more than one
year

8

(35,731

)

(19,440

)

PROVISIONS FOR LIABILITIES (8,228 ) (1,060 )
NET ASSETS 29,547 18,105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,447 18,005
SHAREHOLDERS' FUNDS 29,547 18,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

AMPFAB Limited (Registered number: 06928398)

Balance Sheet - continued
30 April 2023


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 8 September 2023 and were signed on its behalf by:





Mrs P Pelham - Director


AMPFAB Limited (Registered number: 06928398)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

AMPFAB Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06928398

Registered office: Sun Iron Works
Ward Street
Chadderton
Oldham
OL9 9EX

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, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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.


AMPFAB Limited (Registered number: 06928398)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 May 2022
and 30 April 2023 4,475
AMORTISATION
At 1 May 2022
and 30 April 2023 4,475
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 18,320 21,545 5,817 45,682
Additions 249 38,916 - 39,165
At 30 April 2023 18,569 60,461 5,817 84,847
DEPRECIATION
At 1 May 2022 15,841 19,433 4,827 40,101
Charge for year 666 528 248 1,442
At 30 April 2023 16,507 19,961 5,075 41,543
NET BOOK VALUE
At 30 April 2023 2,062 40,500 742 43,304
At 30 April 2022 2,479 2,112 990 5,581

AMPFAB Limited (Registered number: 06928398)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 24,823 28,994
Other debtors 2,836 100
27,659 29,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 4,894 4,773
Hire purchase contracts 4,889 -
Trade creditors 37,598 35,224
Taxation and social security 171 9,811
Other creditors 23,811 35,447
71,363 85,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 14,546 19,440
Hire purchase contracts 21,185 -
35,731 19,440