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REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHESTERFIELD FABRICATION COMPANY LIMITED

CHESTERFIELD FABRICATION COMPANY LIMITED (REGISTERED NUMBER: 04335900)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

CHESTERFIELD FABRICATION COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: G M Fletcher





SECRETARY: J D Page





REGISTERED OFFICE: Tapton Business Park
Brimington Road
Chesterfield
Derbyshire
S41 7UP





REGISTERED NUMBER: 04335900 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

CHESTERFIELD FABRICATION COMPANY LIMITED (REGISTERED NUMBER: 04335900)

REPORT OF THE DIRECTOR
for the year ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of steel fabrication engineers.

DIRECTOR
G M Fletcher held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G M Fletcher - Director


28 August 2024

CHESTERFIELD FABRICATION COMPANY LIMITED (REGISTERED NUMBER: 04335900)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 62,226 38,027

CURRENT ASSETS
Debtors 6 878,480 888,094
Cash at bank and in hand 287,548 100,205
1,166,028 988,299
CREDITORS
Amounts falling due within one year 7 458,082 335,344
NET CURRENT ASSETS 707,946 652,955
TOTAL ASSETS LESS CURRENT LIABILITIES 770,172 690,982

CREDITORS
Amounts falling due after more than one year 8 (25,074 ) (47,941 )

PROVISIONS FOR LIABILITIES 9 (12,169 ) (4,374 )
NET ASSETS 732,929 638,667

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 727,929 633,667
SHAREHOLDERS' FUNDS 732,929 638,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 August 2024 and were signed by:





G M Fletcher - Director


CHESTERFIELD FABRICATION COMPANY LIMITED (REGISTERED NUMBER: 04335900)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Chesterfield Fabrication Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

CHESTERFIELD FABRICATION COMPANY LIMITED (REGISTERED NUMBER: 04335900)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 146,022 - 146,022
Additions 4,500 31,165 35,665
Disposals (53,816 ) - (53,816 )
At 31 March 2024 96,706 31,165 127,871
DEPRECIATION
At 1 April 2023 107,995 - 107,995
Charge for year 9,169 649 9,818
Eliminated on disposal (52,168 ) - (52,168 )
At 31 March 2024 64,996 649 65,645
NET BOOK VALUE
At 31 March 2024 31,710 30,516 62,226
At 31 March 2023 38,027 - 38,027

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 13,450
DEPRECIATION
At 1 April 2023 5,416
Charge for year 2,946
At 31 March 2024 8,362
NET BOOK VALUE
At 31 March 2024 5,088
At 31 March 2023 8,034

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 676,858 619,407
Amounts owed by associates 201,622 222,702
Directors' current accounts - 45,985
878,480 888,094

CHESTERFIELD FABRICATION COMPANY LIMITED (REGISTERED NUMBER: 04335900)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 2,867 2,721
Trade creditors 108,809 133,625
Amounts owed to associates 210 6,789
Tax 25,486 20,469
Social security and other taxes 14,869 16,499
VAT 50,524 60,136
Other creditors 1,759 1,852
Deferred income 211,145 53,000
Accrued expenses 22,413 20,253
458,082 335,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 3,334 23,334
Hire purchase contracts 1,740 4,607
25,074 47,941

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 12,169 4,374

Deferred
tax
£   
Balance at 1 April 2023 4,374
Charge to Income Statement during year 7,795
Balance at 31 March 2024 12,169

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHESTERFIELD FABRICATION COMPANY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chesterfield Fabrication Company Limited for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Chesterfield Fabrication Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chesterfield Fabrication Company Limited and state those matters that we have agreed to state to the director of Chesterfield Fabrication Company Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Chesterfield Fabrication Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chesterfield Fabrication Company Limited. You consider that Chesterfield Fabrication Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chesterfield Fabrication Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................