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REGISTERED NUMBER: 12447643 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

HBS Fabrication Northwest Limited

HBS Fabrication Northwest Limited (Registered number: 12447643)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HBS Fabrication Northwest Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: S P Cranshaw
C S King
C J Prescott





REGISTERED OFFICE: 2 York Street
Clitheroe
Lancashire
BB7 2DL





REGISTERED NUMBER: 12447643 (England and Wales)





ACCOUNTANTS: FS Accountants Limited
2 York Street
Clitheroe
Lancashire
BB7 2DL

HBS Fabrication Northwest Limited (Registered number: 12447643)

Abridged Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,751 53,768

CURRENT ASSETS
Stocks 151,349 125,000
Debtors 463,789 248,055
Cash at bank and in hand 15,635 3,911
630,773 376,966
CREDITORS
Amounts falling due within one year 449,843 237,933
NET CURRENT ASSETS 180,930 139,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,681

192,801

CREDITORS
Amounts falling due after more than one
year

13,375

23,021
NET ASSETS 213,306 169,780

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 213,300 169,774
SHAREHOLDERS' FUNDS 213,306 169,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

HBS Fabrication Northwest Limited (Registered number: 12447643)

Abridged Balance Sheet - continued
29 February 2024


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 29 February 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2024 and were signed on its behalf by:




S P Cranshaw - Director C J Prescott - Director




C S King - Director


HBS Fabrication Northwest Limited (Registered number: 12447643)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

HBS Fabrication Northwest 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.

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 and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

HBS Fabrication Northwest Limited (Registered number: 12447643)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 68,427
Additions 160
At 29 February 2024 68,587
DEPRECIATION
At 1 March 2023 14,659
Charge for year 8,177
At 29 February 2024 22,836
NET BOOK VALUE
At 29 February 2024 45,751
At 28 February 2023 53,768