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REGISTERED NUMBER: 04136911 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FABRICATION AND ENGINEERING MAINTENANCE
LTD

FABRICATION AND ENGINEERING MAINTENANCE
LTD (REGISTERED NUMBER: 04136911)

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


FABRICATION AND ENGINEERING MAINTENANCE
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N J Morley
G L Morley
B Morley
Mrs A Morley





REGISTERED OFFICE: Holmes Lock Works
Steel Street
Rotherham
South Yorkshire
S61 1DF





REGISTERED NUMBER: 04136911 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

FABRICATION AND ENGINEERING MAINTENANCE
LTD (REGISTERED NUMBER: 04136911)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,891 77,019

CURRENT ASSETS
Stocks 5 117,394 106,049
Debtors 6 398,103 221,930
Cash at bank 29,557 20,009
545,054 347,988
CREDITORS
Amounts falling due within one year 7 383,464 298,235
NET CURRENT ASSETS 161,590 49,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,481

126,772

CREDITORS
Amounts falling due after more than one year 8 (67,708 ) (91,350 )

PROVISIONS FOR LIABILITIES (15,143 ) (14,136 )
NET ASSETS 160,630 21,286

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 160,530 21,186
160,630 21,286

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.

FABRICATION AND ENGINEERING MAINTENANCE
LTD (REGISTERED NUMBER: 04136911)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:




Mrs A Morley - Director



B Morley - Director


FABRICATION AND ENGINEERING MAINTENANCE
LTD (REGISTERED NUMBER: 04136911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Fabrication And Engineering Maintenance Ltd 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 each asset over its estimated useful life.
Long leasehold - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 30% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

FABRICATION AND ENGINEERING MAINTENANCE
LTD (REGISTERED NUMBER: 04136911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 25 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 2,860 142,751 6,626 23,687 175,924
Additions - 17,841 3,010 - 20,851
At 31 March 2023 2,860 160,592 9,636 23,687 196,775
DEPRECIATION
At 1 April 2022 1,430 73,168 4,674 19,633 98,905
Charge for year 215 13,113 1,637 1,014 15,979
At 31 March 2023 1,645 86,281 6,311 20,647 114,884
NET BOOK VALUE
At 31 March 2023 1,215 74,311 3,325 3,040 81,891
At 31 March 2022 1,430 69,583 1,952 4,054 77,019

5. STOCKS
2023 2022
£    £   
Work-in-progress 117,394 106,049

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 382,353 221,930
Other debtors 15,750 -
398,103 221,930

FABRICATION AND ENGINEERING MAINTENANCE
LTD (REGISTERED NUMBER: 04136911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,833 36,307
Hire purchase contracts 2,808 6,418
Trade creditors 185,360 158,131
Taxation and social security 171,863 94,802
Other creditors 2,600 2,577
383,464 298,235

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 67,708 88,542
Hire purchase contracts - 2,808
67,708 91,350

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to a director in the sum of £nil (2022: £77). The transactions during the year consisted of introductions in the sum of £89,520 as against withdrawals of £89,597.

There are no formal repayment terms attached to this loan and interest is not being charged.