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REGISTERED NUMBER: 04255851 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

MARTIN BEALE FABRICATIONS & METALWORK
LIMITED

MARTIN BEALE FABRICATIONS & METALWORK
LIMITED (REGISTERED NUMBER: 04255851)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARTIN BEALE FABRICATIONS & METALWORK
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: M C Beale
Mrs T M Beale





SECRETARY: Mrs T M Beale





REGISTERED OFFICE: Bury Farm House
Mill Lane
Stotfold
Hitchin
Hertfordshire
SG5 4NU





REGISTERED NUMBER: 04255851 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

MARTIN BEALE FABRICATIONS & METALWORK
LIMITED (REGISTERED NUMBER: 04255851)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,777 54,962

CURRENT ASSETS
Debtors 5 4,590 37,499
Cash at bank 234,065 285,199
238,655 322,698
CREDITORS
Amounts falling due within one year 6 75,129 109,391
NET CURRENT ASSETS 163,526 213,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,303

268,269

CREDITORS
Amounts falling due after more than one
year

7

-

(24,378

)

PROVISIONS FOR LIABILITIES (8,886 ) (10,442 )
NET ASSETS 201,417 233,449

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 201,217 233,249
SHAREHOLDERS' FUNDS 201,417 233,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MARTIN BEALE FABRICATIONS & METALWORK
LIMITED (REGISTERED NUMBER: 04255851)

BALANCE SHEET - continued
31 JULY 2023


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 Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





M C Beale - Director


MARTIN BEALE FABRICATIONS & METALWORK
LIMITED (REGISTERED NUMBER: 04255851)

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

1. STATUTORY INFORMATION

Martin Beale Fabrications & Metalwork Limited 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 represents net invoiced work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company makes contributions to the directors defined contribution personal pension scheme. Contributions payable for the year are charged in the profit and loss account.

MARTIN BEALE FABRICATIONS & METALWORK
LIMITED (REGISTERED NUMBER: 04255851)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 73,172 78,908 16,538 168,618
Additions - 13,160 - 13,160
Disposals - (11,662 ) - (11,662 )
At 31 July 2023 73,172 80,406 16,538 170,116
DEPRECIATION
At 1 August 2022 69,830 30,508 13,318 113,656
Charge for year 1,476 13,887 928 16,291
Eliminated on disposal - (6,608 ) - (6,608 )
At 31 July 2023 71,306 37,787 14,246 123,339
NET BOOK VALUE
At 31 July 2023 1,866 42,619 2,292 46,777
At 31 July 2022 3,342 48,400 3,220 54,962

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 38,995
Transfer to ownership (38,995 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 1,300
Transfer to ownership (1,300 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 37,695

MARTIN BEALE FABRICATIONS & METALWORK
LIMITED (REGISTERED NUMBER: 04255851)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 3,672 36,948
Prepayments 918 551
4,590 37,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 6,357
Trade creditors 3,472 5,334
Social security and other taxes 12,298 4,092
VAT 9,869 7,523
Directors' current accounts 7,640 5,435
Sundry creditors and accruals 41,850 80,650
75,129 109,391

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 24,378

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100
100 'A' Ordinary £1 100 100
200 200