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REGISTERED NUMBER: 09503290 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Fina Welding Fabrications Ltd

Fina Welding Fabrications Ltd (Registered number: 09503290)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fina Welding Fabrications Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: V Marrone
Mrs M B Marrone
J G Marrone





REGISTERED OFFICE: Unit 36 Corringham Road Industrial Est
Gainsborough
Lincolnshire
DN21 1QB





REGISTERED NUMBER: 09503290 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Fina Welding Fabrications Ltd (Registered number: 09503290)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,619 53,605

CURRENT ASSETS
Stocks 47,500 45,000
Debtors 5 129,961 126,315
Cash at bank and in hand 278 678
177,739 171,993
CREDITORS
Amounts falling due within one year 6 196,496 157,787
NET CURRENT (LIABILITIES)/ASSETS (18,757 ) 14,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,862

67,811

CREDITORS
Amounts falling due after more than one
year

7

(12,800

)

(19,993

)

PROVISIONS FOR LIABILITIES (9,998 ) (10,185 )
NET ASSETS 11,064 37,633

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,964 37,533
11,064 37,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Fina Welding Fabrications Ltd (Registered number: 09503290)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




V Marrone - Director



J G Marrone - Director


Fina Welding Fabrications Ltd (Registered number: 09503290)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fina Welding 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 9 (2023 - 7 ) .

Fina Welding Fabrications Ltd (Registered number: 09503290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 64,634 12,803 12,783 7,403 97,623
Additions 2,800 - 8,167 - 10,967
Disposals - - (1,600 ) - (1,600 )
At 31 March 2024 67,434 12,803 19,350 7,403 106,990
DEPRECIATION
At 1 April 2023 24,954 6,713 6,315 6,036 44,018
Charge for year 6,372 913 3,792 876 11,953
Eliminated on disposal - - (1,600 ) - (1,600 )
At 31 March 2024 31,326 7,626 8,507 6,912 54,371
NET BOOK VALUE
At 31 March 2024 36,108 5,177 10,843 491 52,619
At 31 March 2023 39,680 6,090 6,468 1,367 53,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 126,349 122,710
Prepayments 3,612 3,605
129,961 126,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 22,399 7,370
Trade creditors 61,040 49,537
Tax 10,133 3,845
Social security and other taxes 4,008 13,035
VAT 94,591 72,007
Other creditors 3,671 363
Directors' current accounts 4 10,980
Accrued expenses 650 650
196,496 157,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 7,000 7,000
Bank loans - 2-5 years 5,800 12,993
12,800 19,993

Fina Welding Fabrications Ltd (Registered number: 09503290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,800 (2023 - £10,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.