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REGISTERED NUMBER: 06820512 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Cirencester Fabrication Services Limited

Cirencester Fabrication Services Limited (Registered number: 06820512)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cirencester Fabrication Services Limited

Company Information
for the Year Ended 28 February 2023







Director: M P Begg





Registered office: 18 Elliot Road
Love Lane Industrial Estate
Cirencester
Gloucestershire
GL7 1YS





Registered number: 06820512 (England and Wales)





Accountants: Crowthers Chartered Accountants
15 St Georges Road
Cheltenham
Gloucestershire
GL50 3DT

Cirencester Fabrication Services Limited (Registered number: 06820512)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,171 50,832

CURRENT ASSETS
Stocks 63,728 38,972
Debtors 5 159,798 238,440
Cash at bank 37,225 44,296
260,751 321,708
CREDITORS
Amounts falling due within one year 6 193,672 110,456
NET CURRENT ASSETS 67,079 211,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,250

262,084

CREDITORS
Amounts falling due after more than one year 7 (84,861 ) (106,528 )

PROVISIONS FOR LIABILITIES (7,397 ) (9,658 )
NET ASSETS 34,992 145,898

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,892 145,798
34,992 145,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Cirencester Fabrication Services Limited (Registered number: 06820512)

Balance Sheet - continued
28 February 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 director and authorised for issue on 29 September 2023 and were signed by:





M P Begg - Director


Cirencester Fabrication Services Limited (Registered number: 06820512)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Cirencester Fabrication Services 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.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on cost

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.


Cirencester Fabrication Services Limited (Registered number: 06820512)

Notes to the Financial Statements - continued
for the Year Ended 28 February 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.

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.

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 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 March 2022 75,463
Additions 31,264
At 28 February 2023 106,727
Depreciation
At 1 March 2022 24,631
Charge for year 21,925
At 28 February 2023 46,556
Net book value
At 28 February 2023 60,171
At 28 February 2022 50,832

Cirencester Fabrication Services Limited (Registered number: 06820512)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 101,096 80,118
Amounts owed by group undertakings 54,246 147,047
Other debtors 4,456 11,275
159,798 238,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,667 21,667
Trade creditors 56,118 63,511
Taxation and social security 27,208 19,286
Other creditors 88,679 5,992
193,672 110,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 84,861 106,528

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
HSBC loan 106,528 128,194

Loan secured by fixed and floating charges over all the property of the company.