NORFOLK FABRICATION & MAINTENANCE LIMITED

Company Registration Number:
03457603 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

NORFOLK FABRICATION & MAINTENANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

NORFOLK FABRICATION & MAINTENANCE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 214,714 205,069
Total fixed assets: 214,714 205,069
Current assets
Stocks: 6,065 3,060
Debtors:   146,593 173,342
Cash at bank and in hand: 43,588 35,049
Total current assets: 196,246 211,451
Creditors: amounts falling due within one year: 4 (131,183) (151,068)
Net current assets (liabilities): 65,063 60,383
Total assets less current liabilities: 279,777 265,452
Creditors: amounts falling due after more than one year:   (46,794) (21,566)
Provision for liabilities: (36,924) (38,963)
Total net assets (liabilities): 196,059 204,923
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 195,959 204,823
Shareholders funds: 196,059 204,923

The notes form part of these financial statements

NORFOLK FABRICATION & MAINTENANCE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 October 2023
and signed on behalf of the board by:

Name: D W Scholey
Status: Director

The notes form part of these financial statements

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculatedto write off the cost less estimated residual value of each asset over its expected useful life, as follows:Plant and machinery 20% per annum on the reducing balance basis

Valuation and information policy

Stocks, short term debtors and creditors are measured at transaction price, less any impairment.

Other accounting policies

Deferred taxation is provided in full in respect of taxation deferred by timing differences between thetreatment of certain items for taxation and accounting purposes. The deferred tax balance has notbeen discounted.

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 10 10

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 382,607
Additions 46,448
Disposals (12,000)
At 31 March 2023 417,055
Depreciation
At 01 April 2022 177,538
Charge for year 30,323
On disposals (5,520)
At 31 March 2023 202,341
Net book value
At 31 March 2023 214,714
At 31 March 2022 205,069

The net book value of tangible fixed assets includes £61,350 (2022 - £43,920) in respect of assets heldunder finance leases or hire purchase contracts. The depreciation charge in respect of such assetsamounted to £6,650 (2022 - £4,230) for the year.

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

The total amount of secured creditors at the yearend amounted to £78,019 (2022 - £44,289).

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Related party transactions

Name of the related party: NFM Properties Ltd
Relationship:
D W Scholey controls NFM Properties Ltd.
Description of the Transaction: Loans repaid amounting to £9,357 and charges incurred of £1,570.
£
Balance at 01 April 2022 18,061
Balance at 31 March 2023 8,704