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REGISTERED NUMBER: SC564200 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FERRO FABRICATION LIMITED

FERRO FABRICATION LIMITED (REGISTERED NUMBER: SC564200)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FERRO FABRICATION LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: D A Orr
J Wilson



REGISTERED OFFICE: 4-8 Napier Court
Wardpark North
Cumbernauld
Glasgow
G68 0LG



REGISTERED NUMBER: SC564200 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: Clydesdale Bank
The Olympia
East Kilbride
G74 1PG

FERRO FABRICATION LIMITED (REGISTERED NUMBER: SC564200)

ABRIDGED BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,037 89,349

CURRENT ASSETS
Debtors 145,539 101,362
Cash at bank and in hand 399,790 391,592
545,329 492,954
CREDITORS
Amounts falling due within one year 247,215 196,682
NET CURRENT ASSETS 298,114 296,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,151

385,621

CREDITORS
Amounts falling due after more than one
year

13,333

21,333
NET ASSETS 356,818 364,288

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 356,716 364,186
SHAREHOLDERS' FUNDS 356,818 364,288

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

FERRO FABRICATION LIMITED (REGISTERED NUMBER: SC564200)

ABRIDGED BALANCE SHEET - continued
31 May 2024



The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





J Wilson - Director


FERRO FABRICATION LIMITED (REGISTERED NUMBER: SC564200)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Ferro Fabrication Limited 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 191,973
Additions 6,700
At 31 May 2024 198,673
DEPRECIATION
At 1 June 2023 102,624
Charge for year 24,012
At 31 May 2024 126,636
NET BOOK VALUE
At 31 May 2024 72,037
At 31 May 2023 89,349

FERRO FABRICATION LIMITED (REGISTERED NUMBER: SC564200)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023
and 31 May 2024 58,488
DEPRECIATION
At 1 June 2023 19,191
Charge for year 9,825
At 31 May 2024 29,016
NET BOOK VALUE
At 31 May 2024 29,472
At 31 May 2023 39,297