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REGISTERED NUMBER: 11997120 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

FAB-TECH (TELFORD) LIMITED

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAB-TECH (TELFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: R L Lavender
S Parkes





SECRETARY: A J Griffiths





REGISTERED OFFICE: Unit K
Tweedale Industrial Estate
Madeley
Telford
TF7 4JR





REGISTERED NUMBER: 11997120 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 841,143 926,617

CURRENT ASSETS
Stocks 147,360 196,171
Debtors 5 447,348 497,251
Prepayments and accrued income 52,815 50,261
Cash at bank and in hand 211 211
647,734 743,894
CREDITORS
Amounts falling due within one year 6 949,911 972,001
NET CURRENT LIABILITIES (302,177 ) (228,107 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,966

698,510

CREDITORS
Amounts falling due after more than
one year

7

597,322

768,337
NET LIABILITIES (58,356 ) (69,827 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (58,456 ) (69,927 )
SHAREHOLDERS' FUNDS (58,356 ) (69,827 )

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.

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

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 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 16 October 2023 and were signed on its behalf by:





R L Lavender - Director


FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Fab-Tech (Telford) 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.

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 - at varying rates on cost
Fixtures and fittings - 33.3% 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 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.


FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

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.

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 23 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2022 1,103,454 27,644 1,131,098
Additions 35,268 - 35,268
At 30 April 2023 1,138,722 27,644 1,166,366
DEPRECIATION
At 1 May 2022 190,485 13,996 204,481
Charge for year 111,619 9,123 120,742
At 30 April 2023 302,104 23,119 325,223
NET BOOK VALUE
At 30 April 2023 836,618 4,525 841,143
At 30 April 2022 912,969 13,648 926,617

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 447,348 496,751
Other debtors - 500
447,348 497,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 510,094 545,859
Hire purchase contracts (see note 8)
146,139

137,342
Trade creditors 68,491 82,793
Taxation and social security 76,962 45,492
Other creditors 148,225 160,515
949,911 972,001

Hire purchase liabilities are secured over the assets to which they relate.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 43,489 69,613
Hire purchase contracts (see note 8)
517,305

662,185
Other creditors 36,528 36,539
597,322 768,337

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 146,139 137,342
Between one and five years 517,305 662,185
663,444 799,527

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,655 5,881
Between one and five years 9,267 9,802
18,922 15,683

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R L Lavender.