NORFOLK FABRICATION & MAINTENANCE LIMITED

Company Registration Number:
03457603 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

NORFOLK FABRICATION & MAINTENANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NORFOLK FABRICATION & MAINTENANCE LIMITED

Company Information

for the Period Ended 31 March 2024




Registered office: 27
Browick Road
Wymondham
Norfolk
NR18 0QN
Company Registration Number: 03457603 (England and Wales)

NORFOLK FABRICATION & MAINTENANCE LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 207,060 214,714
Total fixed assets: 207,060 214,714
Current assets
Stocks: 3,750 6,065
Debtors: 203,672 146,593
Cash at bank and in hand: 7,194 43,588
Total current assets: 214,616 196,246
Creditors: amounts falling due within one year: 5 ( 152,161 ) ( 131,183 )
Net current assets (liabilities): 62,455 65,063
Total assets less current liabilities: 269,515 279,777
Creditors: amounts falling due after more than one year: ( 18,723 ) ( 46,794 )
Provision for liabilities: ( 39,341 ) ( 36,924 )
Total net assets (liabilities): 211,451 196,059

The notes form part of these financial statements

NORFOLK FABRICATION & MAINTENANCE LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 211,351 195,959
Shareholders funds: 211,451 196,059

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 October 2024
And Signed On Behalf Of The Board By:

Name: Daryl Scholey
Status: Director

The notes form part of these financial statements

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

    Plant and machinery 20% per annum on the reducing balance basis

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 10 10

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 417,055
Additions 88,604
Disposals (105,230)
Revaluations -
Transfers -
At 31 March 2024 400,429
Depreciation
At 01 April 2023 202,341
Charge for year 45,258
On disposals (54,230)
Other adjustments -
At 31 March 2024 193,369
Net book value
At 31 March 2024 207,060
At 31 March 2023 214,714

The net book value of tangible fixed assets includes £27,800 (2023 - £61,350) in respect of assets held
under finance leases or hire purchase contracts. The depreciation charge in respect of such assets
amounted to £6,950 (2023 - £6,650) for the year.

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

The total amount of secured creditors at the yearend amounted to £47,791 (2023 - £78,019).

NORFOLK FABRICATION & MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.1.Related party disclosures

Name of related party: NFM Properties Ltd
Description of relationship:
D W Scholey controls NFM Properties Ltd.
Description of the transaction:
The following related party transactions occurred during the year: Loans repaid £8,398 Charges incurred £2,528
Balance at 01 April 2023 8,704
Balance at 31 March 2024 306