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REGISTERED NUMBER: 01641610 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 March 2023

for

Instant Fabrications Limited

Instant Fabrications Limited (Registered number: 01641610)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Instant Fabrications Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: P Gillings
D H J Blyth





REGISTERED OFFICE: Unit 20
Parham Drive
Boyatt Wood
Eastleigh
Hampshire
SO50 4NU





REGISTERED NUMBER: 01641610 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Instant Fabrications Limited (Registered number: 01641610)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,367 11,263

CURRENT ASSETS
Stocks 6 31,382 15,768
Debtors 7 142,897 97,714
Cash at bank and in hand 199,719 198,070
373,998 311,552
CREDITORS
Amounts falling due within one year 8 101,243 76,320
NET CURRENT ASSETS 272,755 235,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,122

246,495

PROVISIONS FOR LIABILITIES 4,820 2,040
NET ASSETS 293,302 244,455

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 19,000 19,000
Retained earnings 273,302 224,455
SHAREHOLDERS' FUNDS 293,302 244,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Instant Fabrications Limited (Registered number: 01641610)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





P Gillings - Director


Instant Fabrications Limited (Registered number: 01641610)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Instant 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. 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

Basis of preparing the financial statements
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.

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 - 20% on cost
Fixtures fittings and equipment - 15% on cost
Motor vehicles - 25% reducing balance basis
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Instant Fabrications Limited (Registered number: 01641610)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
fittings
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 64,037 17,065 30,275 455 111,832
Additions - - 18,495 - 18,495
Disposals - - (9,220 ) - (9,220 )
At 31 March 2023 64,037 17,065 39,550 455 121,107
DEPRECIATION
At 1 April 2022 58,020 16,566 25,642 341 100,569
Charge for year 1,864 153 8,539 114 10,670
Eliminated on disposal - - (15,499 ) - (15,499 )
At 31 March 2023 59,884 16,719 18,682 455 95,740
NET BOOK VALUE
At 31 March 2023 4,153 346 20,868 - 25,367
At 31 March 2022 6,017 499 4,633 114 11,263

6. STOCKS
31.3.23 31.3.22
£    £   
Stock and work-in-progress 31,382 15,768

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 115,396 78,092
Prepayments 27,501 19,622
142,897 97,714

Instant Fabrications Limited (Registered number: 01641610)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 64,574 59,754
Tax 9,051 3,076
Social security and other taxes 11,331 6,552
VAT 10,721 3,323
Other creditors 1,643 489
Pension contributions payable 1,108 122
Directors' current accounts - 14
Accrued expenses 2,815 2,990
101,243 76,320