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REGISTERED NUMBER: 03196256 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

B & B FABRICATIONS (LEICESTERSHIRE) LTD

B & B FABRICATIONS (LEICESTERSHIRE) LTD (REGISTERED NUMBER: 03196256)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B & B FABRICATIONS (LEICESTERSHIRE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr D Boot





REGISTERED OFFICE: Unit 2 Moore Road
Beveridge Lane
Coalville
Leicester
Leicestershire
LE67 1FB





REGISTERED NUMBER: 03196256 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

B & B FABRICATIONS (LEICESTERSHIRE) LTD (REGISTERED NUMBER: 03196256)

BALANCE SHEET
31 MAY 2023

31.5.22 31.5.23
£    Notes £   
CURRENT ASSETS
3,500 Stocks 5 5,000
203,462 Debtors 6 192,954
60,865 Cash at bank 14,149
267,827 212,103
CREDITORS
221,879 Amounts falling due within one year 7 143,242
45,948 NET CURRENT ASSETS 68,861
45,948 TOTAL ASSETS LESS CURRENT
LIABILITIES

68,861

CAPITAL AND RESERVES
10 Called up share capital 8 10
45,938 Retained earnings 68,851
45,948 SHAREHOLDERS' FUNDS 68,861

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.

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 director and authorised for issue on 3 October 2023 and were signed by:





Mr D Boot - Director


B & B FABRICATIONS (LEICESTERSHIRE) LTD (REGISTERED NUMBER: 03196256)

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

1. STATUTORY INFORMATION

B & B Fabrications (Leicestershire) 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.
Plant and machinery - 20% on cost and 20% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

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.

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 7 (2022 - 7 ) .

B & B FABRICATIONS (LEICESTERSHIRE) LTD (REGISTERED NUMBER: 03196256)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
Totals machinery fittings equipment
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 49,411 45,798 1,531 2,082
DEPRECIATION
At 1 June 2022
and 31 May 2023 49,411 45,798 1,531 2,082
NET BOOK VALUE
At 31 May 2023 - - - -
At 31 May 2022 - - - -

5. STOCKS
31.5.23 31.5.22
£    £   
Stocks 5,000 3,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 192,954 203,462

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 75,397 135,361
Tax 8,136 8,810
Pension control 537 999
VAT 27,276 32,636
Directors' current accounts 28,596 42,373
Accrued expenses 3,300 1,700
143,242 221,879

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
8 Ordinary £1 8 8
2 Ordinary B £1 2 2
10 10