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Registered number: NI058387
A T M Fabrication & Construction Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
JAMES SAVAGE & CO
88 LISTOODER ROAD
SAINTFIELD
BT24 7JX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI058387
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,673 16,900
12,673 16,900
CURRENT ASSETS
Stocks 5 30,000 25,000
Debtors 6 7,478 4,828
Cash at bank and in hand 523 5,639
38,001 35,467
Creditors: Amounts Falling Due Within One Year 7 (47,125 ) (45,863 )
NET CURRENT ASSETS (LIABILITIES) (9,124 ) (10,396 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,549 6,504
NET ASSETS 3,549 6,504
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 3,547 6,502
SHAREHOLDERS' FUNDS 3,549 6,504
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Martin
Director
11/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A T M Fabrication & Construction Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI058387 . The registered office is 88 Listooder Road, Saintfield, Ballynahinch, Co. Down, BT24 7JX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 50,521 75,379 2,932 128,832
As at 30 June 2024 50,521 75,379 2,932 128,832
Depreciation
As at 1 July 2023 39,323 69,821 2,788 111,932
Provided during the period 2,802 1,389 36 4,227
As at 30 June 2024 42,125 71,210 2,824 116,159
...CONTINUED
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Page 4
Net Book Value
As at 30 June 2024 8,396 4,169 108 12,673
As at 1 July 2023 11,198 5,558 144 16,900
5. Stocks
2024 2023
£ £
Work in progress 30,000 25,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,988 4,828
VAT 2,490 -
7,478 4,828
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,025 1,006
Bank loans and overdrafts 29,806 30,714
VAT - 494
Accruals and deferred income 213 5,629
Directors' loan accounts 14,081 8,020
47,125 45,863
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4