Continental Fabrications Ltd |
Registered Number:12307974 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Continental Fabrications Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Continental Fabrications Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
145,489
175,629
2
145,489
175,629
190,751
269,096
3
Trade and other receivables |
274,044
348,928
4
107,275
Cash and cash equivalents |
454,809
1,072,833
572,070
Trade and other payables: amounts falling due within one |
year |
(523,624)
(534,954)
5
48,446
537,879
Net current assets
Total assets less current liabilities |
683,368
224,075
Trade and other payables: amounts falling due after more |
than one year |
(25,655)
(15,785)
6
(36,380)
(33,380)
Provisions for liabilities |
631,203
Net assets
165,040
100
100
631,103
164,940
631,203
165,040
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 09 February 2024 and were signed by: |
1 of 5
For the year ended 30 November 2023
Continental Fabrications Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 30 November 2023
Continental Fabrications Ltd
Notes to the Financial Statements
Statutory Information
Continental Fabrications Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 12307974. |
Spring Garden Mill
New Street
Milnsbridge
Huddersfield
HD3 4LN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
3 of 5
For the year ended 30 November 2023
Continental Fabrications Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
324,768
31,028
293,740
293,740
31,028
324,768
Provision for depreciation and impairment |
149,139
10,181
138,958
Charge for year
30,140
4,343
25,797
179,279
14,524
164,755
128,985
16,504
145,489
154,782
20,847
175,629
2022
2023
269,096
190,751
4. Trade and other receivables |
2022
2023
336,571
240,531
Prepayments and accrued income |
12,357
9,213
Taxation and social security |
-
24,300
274,044
348,928
4 of 5
For the year ended 30 November 2023
Continental Fabrications Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
10,000
10,000
339,962
146,732
Taxation and social security |
136,152
13,557
Accruals and deferred income |
5,497
6,992
175
41,343
43,168
305,000
534,954
523,624
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
15,785
25,655
7. Average number of persons employed |
During the year the average number of employees was 13 (2022 : 13)
5 of 5