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Company Registration No. 13078846 (England and Wales)
Industrial Fabrications Ltd Unaudited accounts for the year ended 31 December 2023
Industrial Fabrications Ltd Unaudited accounts Contents
Page
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Industrial Fabrications Ltd Company Information for the year ended 31 December 2023
Directors
Lewis Erith Paul King David King
Company Number
13078846 (England and Wales)
Registered Office
Unit 5 Rookery Farm Bury Road Wortham Suffolk IP22 1RB
Accountants
Ace Tax and Accountancy Services Ltd DBH6 Diss Business Hub Diss Business Park Diss Norfolk IP22 4GT
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Industrial Fabrications Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,079 
73,011 
Current assets
Debtors
40,140 
138,268 
Cash at bank and in hand
116,652 
10,879 
156,792 
149,147 
Creditors: amounts falling due within one year
(61,519)
(71,185)
Net current assets
95,273 
77,962 
Total assets less current liabilities
152,352 
150,973 
Creditors: amounts falling due after more than one year
(36,196)
(52,650)
Provisions for liabilities
Deferred tax
(13,426)
(13,873)
Net assets
102,730 
84,450 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
102,430 
84,150 
Shareholders' funds
102,730 
84,450 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Lewis Erith Director Company Registration No. 13078846
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Industrial Fabrications Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Industrial Fabrications Ltd is a private company, limited by shares, registered in England and Wales, registration number 13078846. The registered office is Unit 5 Rookery Farm, Bury Road, Wortham, Suffolk, IP22 1RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
14,933 
70,881 
124 
85,938 
Additions
2,591 
- 
- 
2,591 
At 31 December 2023
17,524 
70,881 
124 
88,529 
Depreciation
At 1 January 2023
4,653 
8,239 
35 
12,927 
Charge for the year
2,840 
15,661 
22 
18,523 
At 31 December 2023
7,493 
23,900 
57 
31,450 
Net book value
At 31 December 2023
10,031 
46,981 
67 
57,079 
At 31 December 2022
10,280 
62,642 
89 
73,011 
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Industrial Fabrications Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,993 
138,127 
Other debtors
147 
141 
40,140 
138,268 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
20,076 
16,825 
Obligations under finance leases and hire purchase contracts
8,520 
- 
Trade creditors
2,470 
33,363 
Taxes and social security
29,703 
16,263 
Other creditors
- 
4,071 
Accruals
750 
663 
61,519 
71,185 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
18,829 
35,180 
Loans from directors
17,367 
17,470 
36,196 
52,650 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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