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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
Page
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Ironart Fabrications Ltd Company Information for the period from 6 July 2022 to 31 July 2023
Director
Jack Fairbairn
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
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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
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Ironart Fabrications Ltd Statement of financial position as at 31 July 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
28,269 
Current assets
Debtors
12,322 
Cash at bank and in hand
67,009 
79,331 
Creditors: amounts falling due within one year
(93,671)
Net current liabilities
(14,340)
Total assets less current liabilities
13,929 
Provisions for liabilities
Deferred tax
(2,348)
Net assets
11,581 
Capital and reserves
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
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Ironart Fabrications Ltd Notes to the Accounts for the period from 6 July 2022 to 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
At 6 July 2022
- 
- 
- 
Additions
300 
30,000 
30,300 
At 31 July 2023
300 
30,000 
30,300 
Depreciation
Charge for the period
31 
2,000 
2,031 
At 31 July 2023
31 
2,000 
2,031 
Net book value
At 31 July 2023
269 
28,000 
28,269 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
10,680 
Other debtors
1,642 
12,322 
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
411 
Other creditors
92,131 
Accruals
1,129 
93,671 
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.
8
Average number of employees
During the period the average number of employees was 0.
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