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REGISTERED NUMBER: 04168572 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Fen-Fab Engineering Limited

Fen-Fab Engineering Limited (Registered number: 04168572)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Fen-Fab Engineering Limited (Registered number: 04168572)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £ £
Fixed assets
Tangible assets 5 138,782 144,528

Current assets
Stocks 12,500 12,500
Debtors 6 72,403 91,645
Cash at bank 75,180 59,311
160,083 163,456
Creditors
Amounts falling due within one year 7 (40,447 ) (49,726 )
Net current assets 119,636 113,730
Total assets less current liabilities 258,418 258,258

Creditors
Amounts falling due after more than one
year

8

(24,167

)

(34,167

)

Provisions for liabilities (21,299 ) (22,130 )
Net assets 212,952 201,961

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 211,952 200,961
Shareholders' funds 212,952 201,961

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

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

Fen-Fab Engineering Limited (Registered number: 04168572)

Balance Sheet - continued
31 May 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 director and authorised for issue on 19 October 2023 and were signed by:





Mr S W A Glover - Director


Fen-Fab Engineering Limited (Registered number: 04168572)

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


1. Statutory information

Fen-Fab Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04168572

Registered office: The Old Coach House
Ryston Road
West Dereham
Norfolk
PE33 9RL

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance
Equipment - 15% p.a. reducing balance

Land and buildings are not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fen-Fab Engineering Limited (Registered number: 04168572)

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


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


Fen-Fab Engineering Limited (Registered number: 04168572)

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


3. 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.

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.

4. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

5. Tangible fixed assets
Land and Plant and Motor
property machinery vehicles Equipment Totals
£ £ £ £ £
Cost
At 1 June 2022 59,010 58,044 132,240 8,537 257,831
Additions - 15,041 - - 15,041
At 31 May 2023 59,010 73,085 132,240 8,537 272,872
Depreciation
At 1 June 2022 - 36,818 70,292 6,193 113,303
Charge for year - 4,948 15,487 352 20,787
At 31 May 2023 - 41,766 85,779 6,545 134,090
Net book value
At 31 May 2023 59,010 31,319 46,461 1,992 138,782
At 31 May 2022 59,010 21,226 61,948 2,344 144,528

6. Debtors: amounts falling due within one year
31.5.23 31.5.22
£ £
Trade debtors 71,052 90,255
Other debtors 1,351 1,390
72,403 91,645

Fen-Fab Engineering Limited (Registered number: 04168572)

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


7. Creditors: amounts falling due within one year
31.5.23 31.5.22
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 638
Trade creditors 10,991 14,264
Taxation and social security 11,584 12,922
Other creditors 7,872 11,902
40,447 49,726

8. Creditors: amounts falling due after more than one year
31.5.23 31.5.22
£ £
Bank loans 24,167 34,167

9. Secured debts

The following secured debts are included within creditors:

31.5.23 31.5.22
£ £
Hire purchase contracts - 638

Hire purchase agreements are secured on the assets to which they relate.

10. Related party disclosures

During the year there were net transactions with a director of £4,424 (2022: £9,598). As at the balance sheet date £5,279 (2022: £9,704) was due to the director from the company.

No further related party transactions were undertaken as required to be disclosed under FRS 102 Section 1A.