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REGISTERED NUMBER: 05004247 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

FABRICATED PRODUCTS (UK) LIMITED

FABRICATED PRODUCTS (UK) LIMITED (REGISTERED NUMBER: 05004247)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FABRICATED PRODUCTS (UK) LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr G Brown
Mr D Brown





SECRETARY: Mr J Roddison FCA





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
S11 9PA





REGISTERED NUMBER: 05004247 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

FABRICATED PRODUCTS (UK) LIMITED (REGISTERED NUMBER: 05004247)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 893,966 828,354
893,966 828,354

CURRENT ASSETS
Stocks 666,621 634,944
Debtors 6 910,669 1,150,397
Cash at bank 393,321 216,508
1,970,611 2,001,849
CREDITORS
Amounts falling due within one year 7 416,083 378,195
NET CURRENT ASSETS 1,554,528 1,623,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,448,494

2,452,008

CREDITORS
Amounts falling due after more than one
year

8

-

(175,432

)

PROVISIONS FOR LIABILITIES (42,708 ) (21,400 )
NET ASSETS 2,405,786 2,255,176

CAPITAL AND RESERVES
Called up share capital 90 2
Retained earnings 2,405,696 2,255,174
SHAREHOLDERS' FUNDS 2,405,786 2,255,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

FABRICATED PRODUCTS (UK) LIMITED (REGISTERED NUMBER: 05004247)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Mr D Brown - Director


FABRICATED PRODUCTS (UK) LIMITED (REGISTERED NUMBER: 05004247)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Fabricated Products (UK) 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The costs of finished goods and work in progress comprises direct materials, and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.


FABRICATED PRODUCTS (UK) LIMITED (REGISTERED NUMBER: 05004247)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 49,420
AMORTISATION
At 1 May 2023
and 30 April 2024 49,420
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

FABRICATED PRODUCTS (UK) LIMITED (REGISTERED NUMBER: 05004247)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 900,692 337,394 56,392
Additions - 129,824 500
Disposals - - (4,958 )
At 30 April 2024 900,692 467,218 51,934
DEPRECIATION
At 1 May 2023 162,355 323,292 48,847
Charge for year 17,041 29,570 1,184
Eliminated on disposal - - (496 )
At 30 April 2024 179,396 352,862 49,535
NET BOOK VALUE
At 30 April 2024 721,296 114,356 2,399
At 30 April 2023 738,337 14,102 7,545

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 88,665 90,346 1,473,489
Additions - 15,996 146,320
Disposals - - (4,958 )
At 30 April 2024 88,665 106,342 1,614,851
DEPRECIATION
At 1 May 2023 22,166 88,475 645,135
Charge for year 22,167 6,284 76,246
Eliminated on disposal - - (496 )
At 30 April 2024 44,333 94,759 720,885
NET BOOK VALUE
At 30 April 2024 44,332 11,583 893,966
At 30 April 2023 66,499 1,871 828,354

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 145,024 105,095
Other debtors 765,645 1,045,302
910,669 1,150,397

FABRICATED PRODUCTS (UK) LIMITED (REGISTERED NUMBER: 05004247)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 58,728
Trade creditors 156,092 146,498
Taxation and social security 247,601 160,514
Other creditors 12,390 12,455
416,083 378,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 175,432

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans - 234,160

Bank loan is denominated in pounds sterling with a nominal interest rate of 6.5%, and the final instalment is due on 13 March 2027. The carrying amount at the year end is £0.00 (2023 - £234,160).

The above loan is secured on the property.

10. PENSION COMMITMENTS

As at 30th April 2024 there were outstanding pension commitments of £2,341.45 (2023 - £1,536.58).