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REGISTERED NUMBER: SC391663 (Scotland)















Financial Statements

for the Year Ended

31st January 2024

for

Fabrication Machinery Ltd

Fabrication Machinery Ltd (Registered number: SC391663)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fabrication Machinery Ltd

Company Information
for the Year Ended 31st January 2024







DIRECTOR: Ms C S Bodin



REGISTERED OFFICE: 27 Lauriston Street
Edinburgh
EH3 9DQ



REGISTERED NUMBER: SC391663 (Scotland)



SOLICITORS: J Myles & Co
7-9 South Tay Street
Dundee
DD1 1NU

Fabrication Machinery Ltd (Registered number: SC391663)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,216 18,245

CURRENT ASSETS
Stocks 4,125 3,755
Debtors 5 13,540 12,254
Cash at bank 21,723 23,034
39,388 39,043
CREDITORS
Amounts falling due within one year 6 22,259 12,681
NET CURRENT ASSETS 17,129 26,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,345

44,607

CREDITORS
Amounts falling due after more than one
year

7

23,331

29,367
NET ASSETS 11,014 15,240

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,012 15,238
SHAREHOLDERS' FUNDS 11,014 15,240

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

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

The director acknowledges her 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.

Fabrication Machinery Ltd (Registered number: SC391663)

Balance Sheet - continued
31st January 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 director and authorised for issue on 22nd October 2024 and were signed by:





Ms C S Bodin - Director


Fabrication Machinery Ltd (Registered number: SC391663)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Fabrication Machinery 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 etc - 33% on reducing balance and in accordance with the property

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 1 (2023 - 1 ) .

Fabrication Machinery Ltd (Registered number: SC391663)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2023 7,856 26,219 1,166 35,241
Additions 3,274 - - 3,274
At 31st January 2024 11,130 26,219 1,166 38,515
DEPRECIATION
At 1st February 2023 6,827 9,438 731 16,996
Charge for year 860 3,356 87 4,303
At 31st January 2024 7,687 12,794 818 21,299
NET BOOK VALUE
At 31st January 2024 3,443 13,425 348 17,216
At 31st January 2023 1,029 16,781 435 18,245

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 13,540 12,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,015 2,987
Hire purchase contracts 3,237 4,321
Trade creditors 3,225 3,140
Taxation and social security 5,067 2,046
Other creditors 7,715 187
22,259 12,681

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 16,857 20,726
Hire purchase contracts 6,474 8,641
23,331 29,367