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REGISTERED NUMBER: 01646094 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAJOR FABRICATIONS (KENT) LIMITED

MAJOR FABRICATIONS (KENT) LIMITED (REGISTERED NUMBER: 01646094)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAJOR FABRICATIONS (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J D Stevens
A D Stevens
Mrs M J Loxley
S K Clifton





SECRETARY: Mrs J D Stevens





REGISTERED OFFICE: New Colliery Road
Broad Lane
Betteshanger
DEAL
Kent
CT14 0LX





REGISTERED NUMBER: 01646094 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

MAJOR FABRICATIONS (KENT) LIMITED (REGISTERED NUMBER: 01646094)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,159 182,028
Investments 5 321 331
141,480 182,359

CURRENT ASSETS
Stocks 6 97,282 78,310
Debtors 7 147,543 173,708
Cash at bank 229,829 180,868
474,654 432,886
CREDITORS
Amounts falling due within one year 8 155,933 148,340
NET CURRENT ASSETS 318,721 284,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,201

466,905

PROVISIONS FOR LIABILITIES 26,807 34,359
NET ASSETS 433,394 432,546

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 433,390 432,542
SHAREHOLDERS' FUNDS 433,394 432,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MAJOR FABRICATIONS (KENT) LIMITED (REGISTERED NUMBER: 01646094)

BALANCE SHEET - continued
31 DECEMBER 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 22 August 2024 and were signed on its behalf by:





Mrs M J Loxley - Director


MAJOR FABRICATIONS (KENT) LIMITED (REGISTERED NUMBER: 01646094)

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

1. STATUTORY INFORMATION

Major Fabrications (Kent) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock and work-in-progress are stated at the lower of cost and net realisable value. Cost is calculated using the average cost (AVCO) method and consists of material and direct labour costs, together with an appropriate proportion of production overheads and after making due allowance for any obsolete or slow moving stock items.

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.

MAJOR FABRICATIONS (KENT) LIMITED (REGISTERED NUMBER: 01646094)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 117,335 666,249 36,135 1,564 821,283
DEPRECIATION
At 1 January 2023 82,536 542,412 12,634 1,564 639,146
Charge for year 4,692 28,452 7,834 - 40,978
At 31 December 2023 87,228 570,864 20,468 1,564 680,124
NET BOOK VALUE
At 31 December 2023 30,107 95,385 15,667 - 141,159
At 31 December 2022 34,799 123,837 23,501 - 182,137

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 447
Revaluations (10 )
At 31 December 2023 437
PROVISIONS
At 1 January 2023
and 31 December 2023 116
NET BOOK VALUE
At 31 December 2023 321
At 31 December 2022 331

The company owns 208 ordinary 25p shares in Barclays PLC.

MAJOR FABRICATIONS (KENT) LIMITED (REGISTERED NUMBER: 01646094)

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

6. STOCKS
2023 2022
£    £   
Stocks 97,282 78,310

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 141,189 170,453
Other debtors and prepayments 6,354 3,255
147,543 173,708

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,232 43,670
Tax 8,251 2,667
Social security and other taxes 11,121 9,084
VAT 5,158 16,518
Other creditors and accruals 42,270 45,500
Directors' current accounts 29,901 30,901
155,933 148,340

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary shares £1 4 4