Company registration number 05626882 (England and Wales)
G Bateman Fabrications Ltd
Unaudited
financial statements
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
G Bateman Fabrications Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
G Bateman Fabrications Ltd
Statement of financial position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
56,612
72,967
Current assets
Stocks
1,080
850
Debtors
171,931
191,948
Cash at bank and in hand
479,104
382,686
652,115
575,484
Creditors: amounts falling due within one year
(136,723)
(140,584)
Net current assets
515,392
434,900
Total assets less current liabilities
572,004
507,867
Provisions for liabilities
7
(10,756)
(13,863)
Net assets
561,248
494,004
Capital and reserves
Called up share capital
5
400
400
Profit and loss reserves
560,848
493,604
Total equity
561,248
494,004
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).
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 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.
G Bateman Fabrications Ltd
Statement of financial position (continued)
as at 30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 22 February 2024 and are signed on its behalf by:
G Bateman
Director
Company Registration No. 05626882
G Bateman Fabrications 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 upon the provision of goods and services.
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
15% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Motor vehicles
25% reducing balance
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.
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 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
8
7
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2022 and 30 November 2023
41,088
3,046
68,011
112,145
Depreciation and impairment
At 1 December 2022
25,133
2,969
11,076
39,178
Depreciation charged in the year
2,393
15
13,947
16,355
At 30 November 2023
27,526
2,984
25,023
55,533
Carrying amount
At 30 November 2023
13,562
62
42,988
56,612
At 30 November 2022
15,955
77
56,935
72,967
4
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
10,756
13,863
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary A shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
100
100
100
100
Ordinary C shares of £1 each
100
100
100
100
400
400
400
400
6
Company information
G Bateman Fabrications 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.