Company Registration No. 05719962 (England and Wales)
G Bateman Fabrications Engineering
Solutions Limited
Unaudited
Financial Statements
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
G Bateman Fabrications Engineering Solutions Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
G Bateman Fabrications Engineering Solutions Ltd
Statement of financial position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
99,526
101,776
Current assets
Debtors
127,617
164,654
Cash at bank and in hand
96,998
68,789
224,615
233,443
Creditors: amounts falling due within one year
(111,332)
(99,587)
Net current assets
113,283
133,856
Total assets less current liabilities
212,809
235,632
Creditors: amounts falling due after more than one year
(19,592)
(18,812)
Provisions for liabilities
5
(18,910)
(19,447)
Net assets
174,307
197,373
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
174,207
197,273
Total equity
174,307
197,373
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
G Bateman Fabrications Engineering Solutions Ltd
Statement of financial position (continued)
as at 30 November 2023
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial 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 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 member has 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 22 March 2024 and are signed on its behalf by:
G Bateman
Director
Company Registration No. 05719962
G Bateman Fabrications Engineering Solutions Ltd
Notes to the financial statements
for the year ended 30 November 2023
- 3 -
1
Accounting policies
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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the provision of goods and services.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 3 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
G Bateman Fabrications Engineering Solutions Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
5
3
Intangible fixed assets
Total
£
Cost
At 1 December 2022 and 30 November 2023
90,981
Amortisation and impairment
At 1 December 2022 and 30 November 2023
90,981
Carrying amount
At 30 November 2023
At 30 November 2022
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2022
17,662
1,951
164,807
184,420
Additions
39,416
39,416
Disposals
(24,000)
(24,000)
At 30 November 2023
17,662
1,951
180,223
199,836
Depreciation and impairment
At 1 December 2022
10,433
1,951
70,260
82,644
Depreciation charged in the year
1,807
22,609
24,416
Eliminated in respect of disposals
(6,750)
(6,750)
At 30 November 2023
12,240
1,951
86,119
100,310
Carrying amount
At 30 November 2023
5,422
94,104
99,526
At 30 November 2022
7,229
94,547
101,776
G Bateman Fabrications Engineering Solutions Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 5 -
5
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
18,910
19,447
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
25
25
25
25
B Ordinary shares of £1 each
25
25
25
25
C Ordinary shares of £1 each
25
25
25
25
D Ordinary shares of £1 each
25
25
25
25
100
100
100
100
7
Parent company
The parent company is Bateman and Marsh Holdings Limited, a company registered in England and Wales, whose registered office is at West House, King Cross Road, Halifax, HX1 1EB.
8
Company information
G Bateman Fabrications Engineering Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.