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REGISTERED NUMBER: 01997780 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FABRICAST GROUP LIMITED

FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

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


FABRICAST GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mrs S Whitworth
E R Whitworth





SECRETARY: Mrs S Whitworth





REGISTERED OFFICE: Serco Works
Cannon Street
Hull
HU2 0AB





REGISTERED NUMBER: 01997780 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 329,491 357,994

CURRENT ASSETS
Stocks 358,276 284,755
Debtors 5 2,830,200 2,634,313
Cash at bank and in hand 80,178 159,405
3,268,654 3,078,473
CREDITORS
Amounts falling due within one year 6 1,843,711 1,611,683
NET CURRENT ASSETS 1,424,943 1,466,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,754,434

1,824,784

CREDITORS
Amounts falling due after more than one year 7 (220,348 ) (393,090 )

PROVISIONS FOR LIABILITIES (19,241 ) (25,707 )
NET ASSETS 1,514,845 1,405,987

CAPITAL AND RESERVES
Called up share capital 1,108 1,108
Share premium 186,442 186,442
Retained earnings 1,327,295 1,218,437
SHAREHOLDERS' FUNDS 1,514,845 1,405,987

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.

FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mrs S Whitworth - Director


FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Fabricast Group Limited is a private company, limited by shares, registered in England. It has it's registered office at Main Street, Hull, North Humberside, HU2 0LF. The registered number of the company is 01997780.

The principal activity of the company is the wholesale and casting of metals and other intermediate materials.

The financial statements have been presented in 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the impact of Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Preparation of consolidated financial statements
The financial statements contain information about Fabricast Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Plant and machinery etc - 25% on cost and 20% on cost

FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 15 (2022 - 15 ) .

FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 251,900 492,765 744,665
Additions - 4,762 4,762
At 31 December 2023 251,900 497,527 749,427
DEPRECIATION
At 1 January 2023 - 386,671 386,671
Charge for year - 33,265 33,265
At 31 December 2023 - 419,936 419,936
NET BOOK VALUE
At 31 December 2023 251,900 77,591 329,491
At 31 December 2022 251,900 106,094 357,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 904,453 867,379
Amounts owed by group undertakings 1,879,772 1,761,312
Other debtors 45,975 5,622
2,830,200 2,634,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 804,114 752,206
Hire purchase contracts (see note 8) 9,618 17,917
Trade creditors 794,403 675,245
Amounts owed to group undertakings 96,222 24,737
Taxation and social security 135,173 137,126
Other creditors 4,181 4,452
1,843,711 1,611,683

FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 211,731 374,899
Hire purchase contracts (see note 8) 8,617 18,191
220,348 393,090

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 40,805

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 10,621 19,782
Between one and five years 8,895 19,472
19,516 39,254

Finance charges repayable:
Within one year 1,003 1,865
Between one and five years 278 1,281
1,281 3,146

Net obligations repayable:
Within one year 9,618 17,917
Between one and five years 8,617 18,191
18,235 36,108

FABRICAST GROUP LIMITED (REGISTERED NUMBER: 01997780)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 25,920 25,920
Between one and five years 17,280 43,200
43,200 69,120

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 18,235 36,108

10. ULTIMATE CONTROLLING PARTY

The immediate undertaking of Fabricast Group Limited is by CKM Group Limited and the ultimate parent undertaking is W&H Holdings Limited. The registered offices for both of these companies is at Fabricast, Main Street, Hull, HU2 0LF. The ultimate parent company has taken the option under Section 399 (2a) of the Companies Act 2006 not to prepare consolidated financial statements.