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REGISTERED NUMBER: 06469037 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Fabtech Sheet Metal Limited

Fabtech Sheet Metal Limited (Registered number: 06469037)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fabtech Sheet Metal Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J Milsom





REGISTERED OFFICE: Greenhill House First Floor East Wing
Thorpe Road
Peterborough
Cambridgeshire
PE36RU





REGISTERED NUMBER: 06469037 (England and Wales)





ACCOUNTANTS: Hills Accountants Limited
Greenhill House
First Floor East Wing
Thorpe Road
Peterborough
Cambridgeshire
PE3 6RU

Fabtech Sheet Metal Limited (Registered number: 06469037)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 745,689 301,217
745,689 301,217

CURRENT ASSETS
Stocks 52,500 40,241
Debtors 6 125,056 185,565
Cash at bank and in hand 337,431 469,921
514,987 695,727
CREDITORS
Amounts falling due within one year 7 298,991 370,484
NET CURRENT ASSETS 215,996 325,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,685

626,460

CREDITORS
Amounts falling due after more than one year 8 (486,188 ) (39,420 )

PROVISIONS FOR LIABILITIES (41,925 ) (48,710 )
NET ASSETS 433,572 538,330

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 200 200
Retained earnings 433,272 538,030
433,572 538,330

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Fabtech Sheet Metal Limited (Registered number: 06469037)

Balance Sheet - continued
31 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 30 October 2024 and were signed by:





J Milsom - Director


Fabtech Sheet Metal Limited (Registered number: 06469037)

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

1. STATUTORY INFORMATION

Fabtech Sheet Metal 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 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on reducing balance and 15% 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.

Fabtech Sheet Metal Limited (Registered number: 06469037)

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

2. ACCOUNTING POLICIES - continued

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.

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 17,000
Disposals (17,000 )
At 31 January 2024 -
AMORTISATION
At 1 February 2023 17,000
Eliminated on disposal (17,000 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Fabtech Sheet Metal Limited (Registered number: 06469037)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 - 1,038,324 1,038,324
Additions 484,767 30,393 515,160
At 31 January 2024 484,767 1,068,717 1,553,484
DEPRECIATION
At 1 February 2023 - 737,107 737,107
Charge for year - 70,688 70,688
At 31 January 2024 - 807,795 807,795
NET BOOK VALUE
At 31 January 2024 484,767 260,922 745,689
At 31 January 2023 - 301,217 301,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 100,588 161,038
Other debtors 24,468 24,527
125,056 185,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 37,575 12,878
Trade creditors 60,305 237,147
Taxation and social security 42,523 77,284
Other creditors 148,588 33,175
298,991 370,484

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 394,465 23,333
Hire purchase contracts 91,723 16,087
486,188 39,420

Fabtech Sheet Metal Limited (Registered number: 06469037)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 381,132 -