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REGISTERED NUMBER: 06928398 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

AMPFAB Limited

AMPFAB Limited (Registered number: 06928398)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


AMPFAB Limited (Registered number: 06928398)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,458 43,304
33,458 43,304

CURRENT ASSETS
Stocks 13,956 11,073
Debtors 6 25,617 27,659
Cash at bank and in hand 123,665 62,833
163,238 101,565
CREDITORS
Amounts falling due within one year 7 (99,719 ) (71,363 )
NET CURRENT ASSETS 63,519 30,202
TOTAL ASSETS LESS CURRENT LIABILITIES 96,977 73,506

CREDITORS
Amounts falling due after more than one
year

8

(23,652

)

(35,731

)

PROVISIONS FOR LIABILITIES (7,361 ) (8,228 )
NET ASSETS 65,964 29,547

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,864 29,447
SHAREHOLDERS' FUNDS 65,964 29,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

AMPFAB Limited (Registered number: 06928398)

Balance Sheet - continued
30 April 2024


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 28 August 2024 and were signed on its behalf by:





Mrs P Pelham - Director


AMPFAB Limited (Registered number: 06928398)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

AMPFAB Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06928398

Registered office: Sun Iron Works
Ward Street
Chadderton
Oldham
OL9 9EX

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 is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


AMPFAB Limited (Registered number: 06928398)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 May 2023
and 30 April 2024 4,475
AMORTISATION
At 1 May 2023
and 30 April 2024 4,475
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

AMPFAB Limited (Registered number: 06928398)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 18,569 60,461 5,817 84,847
Additions - - 729 729
Disposals - (21,545 ) - (21,545 )
At 30 April 2024 18,569 38,916 6,546 64,031
DEPRECIATION
At 1 May 2023 16,507 19,961 5,075 41,543
Charge for year 516 8,173 368 9,057
Eliminated on disposal - (20,027 ) - (20,027 )
At 30 April 2024 17,023 8,107 5,443 30,573
NET BOOK VALUE
At 30 April 2024 1,546 30,809 1,103 33,458
At 30 April 2023 2,062 40,500 742 43,304

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 25,517 24,823
Other debtors 100 2,836
25,617 27,659

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,019 4,894
Hire purchase contracts 6,519 4,889
Trade creditors 50,352 37,598
Taxation and social security 31,764 171
Other creditors 6,065 23,811
99,719 71,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 9,529 14,546
Hire purchase contracts 14,123 21,185
23,652 35,731