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M&E Steel Fabrications Limited

Registered Number
NI657118
(Northern Ireland)

Unaudited Financial Statements for the Year ended
30 November 2023

M&E Steel Fabrications Limited
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

Brian Kane

Registered Address

Unit 4/5 115 Coalisland Road
Dungannon
BT71 6TT

Registered Number

NI657118 (Northern Ireland)
M&E Steel Fabrications Limited
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets316,23524,035
16,23524,035
Current assets
Stocks430,00033,087
Debtors5,6348,098175,031
Cash at bank and on hand35,4333,158
413,531211,276
Creditors amounts falling due within one year7(357,004)(228,619)
Net current assets (liabilities)56,527(17,343)
Total assets less current liabilities72,7626,692
Creditors amounts falling due after one year8(31,227)(37,633)
Net assets41,535(30,941)
Capital and reserves
Called up share capital11
Profit and loss account41,534(30,942)
Shareholders' funds41,535(30,941)
The financial statements were approved and authorised for issue by the Director on 21 August 2024, and are signed on its behalf by:
Brian Kane
Director
Registered Company No. NI657118
M&E Steel Fabrications Limited
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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:

Straight line (years)
Plant and machinery5
Fixtures and fittings4
Vehicles4
Stocks and work in progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
2.Average number of employees

20232022
Average number of employees during the year2116
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 December 2235,8733,1004,11943,092
Additions--665665
At 30 November 2335,8733,1004,78443,757
Depreciation and impairment
At 01 December 2214,3502,6332,07419,057
Charge for year7,1754678238,465
At 30 November 2321,5253,1002,89727,522
Net book value
At 30 November 2314,348-1,88716,235
At 30 November 2221,5234672,04524,035
4.Stocks

2023

2022

££
Finished goods30,00033,087
Total30,00033,087
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables105,00010
Other debtors199,863148,238
Total304,863148,248
6.Debtors: amounts due after one year

2023

2022

££
Other debtors43,23526,783
Total43,23526,783
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables3,454123
Bank borrowings and overdrafts5,7305,054
Taxation and social security345,428220,392
Accrued liabilities and deferred income2,3923,050
Total357,004228,619
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts31,22737,633
Total31,22737,633