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REGISTERED NUMBER: 11997120 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FAB-TECH (TELFORD) LIMITED

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAB-TECH (TELFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R L Lavender
S Parkes





SECRETARY: A J Griffiths





REGISTERED OFFICE: Unit K
Tweedale Industrial Estate
Madeley
Telford
TF7 4JR





REGISTERED NUMBER: 11997120 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 823,720 841,143

CURRENT ASSETS
Stocks 247,903 147,360
Debtors 5 1,093,811 447,348
Prepayments and accrued income 59,054 52,815
Cash at bank and in hand 213 211
1,400,981 647,734
CREDITORS
Amounts falling due within one year 6 1,681,015 949,911
NET CURRENT LIABILITIES (280,034 ) (302,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

543,686

538,966

CREDITORS
Amounts falling due after more than
one year

7

411,080

597,322
NET ASSETS/(LIABILITIES) 132,606 (58,356 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 132,506 (58,456 )
SHAREHOLDERS' FUNDS 132,606 (58,356 )

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

BALANCE SHEET - continued
30 APRIL 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





R L Lavender - Director


FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Fab-Tech (Telford) 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.

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, 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 33.3% on cost

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 Statement of Income and Retained Earnings, 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.


FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

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.

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 28 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 1,138,722 27,644 1,166,366
Additions 157,606 - 157,606
At 30 April 2024 1,296,328 27,644 1,323,972
DEPRECIATION
At 1 May 2023 302,104 23,119 325,223
Charge for year 170,924 4,105 175,029
At 30 April 2024 473,028 27,224 500,252
NET BOOK VALUE
At 30 April 2024 823,300 420 823,720
At 30 April 2023 836,618 4,525 841,143

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,092,611 447,348
Other debtors 1,200 -
1,093,811 447,348

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 891,955 510,094
Hire purchase contracts (see note 8)
170,735

146,139
Trade creditors 367,389 68,491
Taxation and social security 92,931 76,962
Other creditors 158,005 148,225
1,681,015 949,911

Hire purchase liabilities are secured over the assets to which they relate.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 20,908 43,489
Hire purchase contracts (see note 8)
352,279

517,305
Other creditors 37,893 36,528
411,080 597,322

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 170,735 146,139
Between one and five years 352,279 517,305
523,014 663,444

FAB-TECH (TELFORD) LIMITED (REGISTERED NUMBER: 11997120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 72,283 9,655
Between one and five years 9,788 9,267
82,071 18,922

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R L Lavender.