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REGISTERED NUMBER: SC632542 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CAD & FAB SOLUTIONS LTD

CAD & FAB SOLUTIONS LTD (REGISTERED NUMBER: SC632542)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAD & FAB SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: C D Fleming





SECRETARY: C D Fleming





REGISTERED OFFICE: 18 Robert Burns Drive
Drongan
By Ayr
KA6 7DZ





REGISTERED NUMBER: SC632542 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG

CAD & FAB SOLUTIONS LTD (REGISTERED NUMBER: SC632542)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,723 2,908

CURRENT ASSETS
Cash at bank 5,153 4,756

CREDITORS
Amounts falling due within one year 5 7,929 3,989
NET CURRENT (LIABILITIES)/ASSETS (2,776 ) 767
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,053

)

3,675

PROVISIONS FOR LIABILITIES 6 327 -
NET (LIABILITIES)/ASSETS (1,380 ) 3,675

RESERVES
Share premium 7 500 500
Retained earnings 7 (1,880 ) 3,175
(1,380 ) 3,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 25 October 2024 and were signed by:





C D Fleming - Director


CAD & FAB SOLUTIONS LTD (REGISTERED NUMBER: SC632542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

CAD & FAB Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CAD & FAB SOLUTIONS LTD (REGISTERED NUMBER: SC632542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,748 3,805 5,553
DEPRECIATION
At 1 July 2023 854 1,791 2,645
Charge for year 179 1,006 1,185
At 30 June 2024 1,033 2,797 3,830
NET BOOK VALUE
At 30 June 2024 715 1,008 1,723
At 30 June 2023 894 2,014 2,908

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 765 479
Taxation and social security 6,675 2,634
Other creditors 489 876
7,929 3,989

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 327 -

Deferred
tax
£   
Provided during year 327
Balance at 30 June 2024 327

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2023 3,175 500 3,675
Profit for the year 26,945 26,945
Dividends (32,000 ) (32,000 )
At 30 June 2024 (1,880 ) 500 (1,380 )

CAD & FAB SOLUTIONS LTD (REGISTERED NUMBER: SC632542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. RELATED PARTY DISCLOSURES

C D Fleming

2024 2023
£    £   
Amount due to related party at the balance sheet date 489 876