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REGISTERED NUMBER: 04602492 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

J C Fabrications Limited

J C Fabrications Limited (Registered number: 04602492)






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


J C Fabrications Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr John William Collinson





SECRETARY: Mrs Christina Louise Collinson





REGISTERED OFFICE: 2 Hallgarth
Pickering
North Yorkshire
YO18 7AW





REGISTERED NUMBER: 04602492 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

J C Fabrications Limited (Registered number: 04602492)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 263,109 270,947
263,109 270,947

CURRENT ASSETS
Stocks 6 90,000 104,510
Debtors 7 99,328 130,888
Cash at bank 21,209 2
210,537 235,400
CREDITORS
Amounts falling due within one year 8 260,928 352,349
NET CURRENT LIABILITIES (50,391 ) (116,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,718

153,998

CREDITORS
Amounts falling due after more than one
year

9

(58,951

)

(80,064

)

PROVISIONS FOR LIABILITIES (37,234 ) (39,581 )
NET ASSETS 116,533 34,353

CAPITAL AND RESERVES
Called up share capital 10 110 110
Retained earnings 116,423 34,243
SHAREHOLDERS' FUNDS 116,533 34,353

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 director acknowledges his 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.

J C Fabrications Limited (Registered number: 04602492)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Mr John William Collinson - Director


J C Fabrications Limited (Registered number: 04602492)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

J C Fabrications 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

J C Fabrications Limited (Registered number: 04602492)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

J C Fabrications Limited (Registered number: 04602492)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 91,927 377,078 6,738 111,680 587,423
Additions - 20,442 800 - 21,242
At 31 December 2023 91,927 397,520 7,538 111,680 608,665
DEPRECIATION
At 1 January 2023 - 261,405 2,368 52,703 316,476
Charge for year - 13,612 725 14,743 29,080
At 31 December 2023 - 275,017 3,093 67,446 345,556
NET BOOK VALUE
At 31 December 2023 91,927 122,503 4,445 44,234 263,109
At 31 December 2022 91,927 115,673 4,370 58,977 270,947

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 239,000 87,000 326,000
Transfer to ownership (172,000 ) - (172,000 )
At 31 December 2023 67,000 87,000 154,000
DEPRECIATION
At 1 January 2023 159,211 31,907 191,118
Charge for year 4,372 13,773 18,145
Transfer to ownership (135,929 ) - (135,929 )
At 31 December 2023 27,654 45,680 73,334
NET BOOK VALUE
At 31 December 2023 39,346 41,320 80,666
At 31 December 2022 79,789 55,093 134,882

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 90,000 104,510

J C Fabrications Limited (Registered number: 04602492)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 89,011 119,434
Other debtors 10,317 11,454
99,328 130,888

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 69,722
Hire purchase contracts 11,926 23,037
Trade creditors 80,385 92,412
Taxation and social security 120,244 117,369
Other creditors 38,373 49,809
260,928 352,349

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,847 25,034
Hire purchase contracts 43,104 55,030
58,951 80,064

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100
10 Non Voting 'A' Shares £1 10 10
110 110

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr John William Collinson
Balance outstanding at start of year - 14,960
Amounts repaid - (14,960 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -