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REGISTERED NUMBER: 02673334 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2023

for

BS Fabrications Limited

BS Fabrications Limited (Registered number: 02673334)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BS Fabrications Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P Brown
G F L Brown





SECRETARY: P Brown





REGISTERED OFFICE: Unit 6 Dodsworth Street
Albert Hill Ind Est
DARLINGTON
Co Durham
DL1 2NG





REGISTERED NUMBER: 02673334 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

BS Fabrications Limited (Registered number: 02673334)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 258,768 273,920

CURRENT ASSETS
Stocks 5 30,000 22,000
Debtors 6 422,002 318,492
Cash at bank and in hand 238,115 323,657
690,117 664,149
CREDITORS
Amounts falling due within one year 7 407,052 393,105
NET CURRENT ASSETS 283,065 271,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,833

544,964

CREDITORS
Amounts falling due after more than one
year

8

(91,085

)

(113,248

)

PROVISIONS FOR LIABILITIES 11 (24,780 ) (21,430 )
NET ASSETS 425,968 410,286

CAPITAL AND RESERVES
Called up share capital 12 1,002 1,002
Retained earnings 424,966 409,284
SHAREHOLDERS' FUNDS 425,968 410,286

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

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

BS Fabrications Limited (Registered number: 02673334)

Balance Sheet - continued
31 January 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 12 September 2023 and were signed on its behalf by:




P Brown - Director



G F L Brown - Director


BS Fabrications Limited (Registered number: 02673334)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

BS 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company of the group.

Turnover
Turnover represents the amount derived from the provision of goods and services to customers after deduction of trade discounts and value added tax.

Turnover is recognised at the point at which the risks and rewards of the goods are transferred to the customer and the services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

In the opinion of the directors, the freehold property is maintained to such a state of repair that its residual value is at least equal to the net book value. As a result the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. The directors perform annual impairment reviews to ensure that the carrying value is not lower than the recoverable amount.

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


BS Fabrications Limited (Registered number: 02673334)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Grants receivable
Capital based grants are credited to the profit and loss account over the expected useful life of the asset. Revenue based grants are credited to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

BS Fabrications Limited (Registered number: 02673334)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2022 152,883 432,354 21,396 102,940 709,573
Additions - 5,387 311 - 5,698
At 31 January 2023 152,883 437,741 21,707 102,940 715,271
DEPRECIATION
At 1 February 2022 - 399,579 15,894 20,180 435,653
Charge for year - (4,102 ) 2,185 22,767 20,850
At 31 January 2023 - 395,477 18,079 42,947 456,503
NET BOOK VALUE
At 31 January 2023 152,883 42,264 3,628 59,993 258,768
At 31 January 2022 152,883 32,775 5,502 82,760 273,920

5. STOCKS
2023 2022
£    £   
Stocks 30,000 22,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 422,002 318,492

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 34,619 34,619
Trade creditors 133,460 140,626
Amounts owed to group undertakings 115,741 115,741
Taxation and social security 89,449 73,879
Other creditors 12,292 12,208
Directors' current accounts 10,042 5,083
Accruals and deferred income 11,049 10,549
Deferred government grants 400 400
407,052 393,105

BS Fabrications Limited (Registered number: 02673334)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 34,619 34,619
Bank loans - 2-5 years 46,066 52,835
Bank loans more 5 yr by instal - 14,994
Deferred government grants 10,400 10,800
91,085 113,248

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 14,994

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,385 11,731
Between one and five years - 4,385
4,385 16,116

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 115,304 137,067

Bank loans are secured with a fixed and floating charge over all assets of the company.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 24,780 21,430

Deferred
tax
£   
Balance at 1 February 2022 21,430
Accelerated capital allowances 3,350
Balance at 31 January 2023 24,780

BS Fabrications Limited (Registered number: 02673334)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
2 A Ordinary £1 2 2
1,002 1,002

13. RELATED PARTY DISCLOSURES

2023 2022
£ £

Amounts due to director 10,042 5,083
No interest has been charged.

14. PARENT COMPANY

The parent company is Browns Fabrications Limited, a company registered in England and Wales. The registered office of the company is 6 Dodsworth Street, Albert Hill, Darlington, County Durham, DL1 2NG.