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
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
Industrial Fabrications Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
57,079
73,011
Cash at bank and in hand
116,652
10,879
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)
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
Industrial Fabrications Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
17,524
70,881
124
88,529
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
At 31 December 2023
10,031
46,981
67
57,079
At 31 December 2022
10,280
62,642
89
73,011
Industrial Fabrications Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
39,993
138,127
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
8,520
-
Trade creditors
2,470
33,363
Taxes and social security
29,703
16,263
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
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).