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REGISTERED NUMBER: 12198043 (England and Wales)












Financial Statements

for the Year Ended 31 December 2023

for

Sublet Fabrications Ltd

Sublet Fabrications Ltd (Registered number: 12198043)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sublet Fabrications Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: M Dixon
A Fixter
M Gibson





REGISTERED OFFICE: Hambleton Steel Ltd
Gatherley Road
Brompton On Swale
North Yorkshire
DL10 7JH





REGISTERED NUMBER: 12198043 (England and Wales)





AUDITORS: Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Sublet Fabrications Ltd (Registered number: 12198043)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1 1
Cash at bank 19 17
20 18
CREDITORS
Amounts falling due within one year 5 819,528 1,023,435
NET CURRENT LIABILITIES (819,508 ) (1,023,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(819,508

)

(1,023,417

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (819,509 ) (1,023,418 )
(819,508 ) (1,023,417 )

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 13 June 2024 and were signed on its behalf by:





M Gibson - Director


Sublet Fabrications Ltd (Registered number: 12198043)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Sublet Fabrications Ltd 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 1 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16 15
Amounts owed to group undertakings 796,089 1,020,420
Other creditors 23,423 3,000
819,528 1,023,435

Sublet Fabrications Ltd (Registered number: 12198043)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Douglas Perry FCA (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill

7. RELATED PARTY DISCLOSURES

2023 2022
£    £   
Sales to related parties 289,610 nil
Purchases from related parties 85,701 nil
Amounts owed to related parties 796,089 1,020,420

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its immediate parent company, Hambleton Steel Group Limited, a
company incorporated in England and Wales (company number 10635312). This is by virtue of its
holding 100% of the issued share capital in the company.

The ultimate controlling party is J Hacker by virtue of his majority shareholding in the ultimate
parent company, Catalyst Ventures Ltd.A copy of the consolidated accounts can be obtained from
the registered office.