Company Registration No. 13562898 (England and Wales)
SPECIALIST METAL FABRICATIONS LTD
Unaudited accounts
for the year ended 31 August 2023
SPECIALIST METAL FABRICATIONS LTD
Unaudited accounts
Contents
SPECIALIST METAL FABRICATIONS LTD
Company Information
for the year ended 31 August 2023
Directors
Anup PHAKEY
Jamie Daniel HEYWOOD
Company Number
13562898 (England and Wales)
Registered Office
UNIT 4 HARRIMANS COURT
ALCESTER STREET
NOTTINGHAM
NG7 2UR
UNITED KINGDOM
SPECIALIST METAL FABRICATIONS LTD
Statement of financial position
as at 31 August 2023
Tangible assets
282,920
121,057
Cash at bank and in hand
40,925
37,665
Creditors: amounts falling due within one year
(77,566)
(127,676)
Net current assets
183,502
40,025
Total assets less current liabilities
466,422
161,082
Creditors: amounts falling due after more than one year
(319,742)
(103,262)
Called up share capital
100
100
Profit and loss account
146,580
57,720
Shareholders' funds
146,680
57,820
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by
Anup PHAKEY
Director
Company Registration No. 13562898
SPECIALIST METAL FABRICATIONS LTD
Notes to the Accounts
for the year ended 31 August 2023
SPECIALIST METAL FABRICATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13562898. The registered office is UNIT 4 HARRIMANS COURT, ALCESTER STREET, NOTTINGHAM, NG7 2UR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
20% Straight Line Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
92,704
39,842
3,866
136,412
Additions
186,693
-
-
186,693
At 31 August 2023
279,397
39,842
3,866
323,105
At 1 September 2022
9,270
5,312
773
15,355
Charge for the year
17,151
6,906
773
24,830
At 31 August 2023
26,421
12,218
1,546
40,185
At 31 August 2023
252,976
27,624
2,320
282,920
At 31 August 2022
83,434
34,530
3,093
121,057
SPECIALIST METAL FABRICATIONS LTD
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
220,143
108,363
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
34,927
Loans from directors
45,000
45,000
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
319,742
103,262
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).