Company registration number 04601277 (England and Wales)
BAMBURY METAL FABRICATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
BAMBURY METAL FABRICATIONS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
BAMBURY METAL FABRICATIONS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs S M D Bambury
Mr T Offer
Secretary
Mrs S M D Bambury
Company number
04601277
Registered office
Short Street
St Phillips
Bristol
United Kingdom
BS 2 0SW
Accountants
TC Group
30-31 St.James Place
Mangotsfield
Bristol
United Kingdom
BS16 9JB
BAMBURY METAL FABRICATIONS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
1
1
Tangible assets
5
9,208
5,772
9,209
5,773
Current assets
Stocks
6,500
54,799
Debtors
6
140,189
73,329
Cash at bank and in hand
448,791
522,968
595,480
651,096
Creditors: amounts falling due within one year
7
(187,013)
(219,750)
Net current assets
408,467
431,346
Total assets less current liabilities
417,676
437,119
Provisions for liabilities
(921)
(921)
Net assets
416,755
436,198
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
349,000
349,000
Profit and loss reserves
66,755
86,198
Total equity
416,755
436,198
BAMBURY METAL FABRICATIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 September 2023 and are signed on its behalf by:
Mr T Offer
Director
Company Registration No. 04601277
BAMBURY METAL FABRICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
1
Accounting policies
Company information

Bambury Metal Fabrications Limited is a private company limited by shares incorporated in England and Wales. The registered office is Short Street, St Phillips, Bristol, United Kingdom, BS 2 0SW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements were prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised over its estimated useful life of ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% straight line
Computers
15% straight line
Motor vehicles
15% straight line
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BAMBURY METAL FABRICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

 

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the 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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
7
8
BAMBURY METAL FABRICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 6 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2022 and 28 February 2023
351,645
Amortisation and impairment
At 1 March 2022 and 28 February 2023
351,644
Carrying amount
At 28 February 2023
1
At 28 February 2022
1
5
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2022
29,377
4,095
38,929
72,401
Additions
5,048
365
-
0
5,413
At 28 February 2023
34,425
4,460
38,929
77,814
Depreciation and impairment
At 1 March 2022
27,330
2,814
36,485
66,629
Depreciation charged in the year
791
241
945
1,977
At 28 February 2023
28,121
3,055
37,430
68,606
Carrying amount
At 28 February 2023
6,304
1,405
1,499
9,208
At 28 February 2022
2,047
1,281
2,444
5,772
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
133,806
68,646
Other debtors
6,383
4,683
140,189
73,329
BAMBURY METAL FABRICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
6
Debtors
(Continued)
- 7 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
39,214
27,477
Taxation and social security
30,641
42,298
Other creditors
117,158
149,975
187,013
219,750
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2023
2022
Balances:
£
£
Accelerated capital allowances
-
921
Statutory database figures differ from the trial balance:
Deferred tax balances
921
921
Difference
(921)
-
There were no deferred tax movements in the year.
9
Ultimate controlling party

The ultimate controlling party is the directors.

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