Company Registration No. 14218604 (England and Wales)
Ironart Fabrications Ltd
Unaudited accounts
for the period from 6 July 2022 to 31 July 2023
Ironart Fabrications Ltd
Unaudited accounts
Contents
Ironart Fabrications Ltd
Company Information
for the period from 6 July 2022 to 31 July 2023
Company Number
14218604 (England and Wales)
Registered Office
Silver Snaffles Verwood Road
Three Legged Cross
Wimborne
BH21 6RR
United Kingdom
Accountants
SH Accounting Solutions Ltd
Office 1, 319a Holdenhurst Road
Bournemouth
BH8 8BT
Ironart Fabrications Ltd
Accountants' report
Accountants' report to the director of Ironart Fabrications Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period from 6 July 2022 to 31 July 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the period from 6 July 2022 to 31 July 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
SH Accounting Solutions Ltd
Office 1, 319a Holdenhurst Road
Bournemouth
BH8 8BT
3 April 2024
Ironart Fabrications Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
67,009
Creditors: amounts falling due within one year
(93,671)
Net current liabilities
(14,340)
Total assets less current liabilities
13,929
Provisions for liabilities
Called up share capital
100
Profit and loss account
11,481
Shareholders' funds
11,581
For the period ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 August 2024 and were signed on its behalf by
Jack Fairbairn
Director
Company Registration No. 14218604
Ironart Fabrications Ltd
Notes to the Accounts
for the period from 6 July 2022 to 31 July 2023
Ironart Fabrications Ltd is a private company, limited by shares, registered in England and Wales, registration number 14218604. The registered office is Silver Snaffles Verwood Road, Three Legged Cross, Wimborne, BH21 6RR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ironart Fabrications Ltd
Notes to the Accounts
for the period from 6 July 2022 to 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
300
30,000
30,300
At 31 July 2023
300
30,000
30,300
Charge for the period
31
2,000
2,031
At 31 July 2023
31
2,000
2,031
At 31 July 2023
269
28,000
28,269
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
411
7
Transactions with related parties
Director
During the period, the company made the following third party transactions:
During the period, the director received loans of £51,201 and repaid £143,093. At the balance sheet date, the amount owed to the director was £91,892.
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Average number of employees
During the period the average number of employees was 0.