2023-12-01 12307974 2024-11-30 12307974 2023-12-01 2024-11-30 12307974 2023-11-30 12307974 2022-12-01 2023-11-30 12307974 uk-core:WithinOneYear 2023-11-30 12307974 uk-core:WithinOneYear 2024-11-30 12307974 uk-core:AfterOneYear 2023-11-30 12307974 uk-core:AfterOneYear 2024-11-30 12307974 uk-core:ShareCapital 2024-11-30 12307974 uk-core:ShareCapital 2023-11-30 12307974 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 12307974 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 12307974 uk-bus:Director1 2023-12-01 2024-11-30 12307974 uk-core:PlantMachinery 2023-12-01 2024-11-30 12307974 uk-core:MotorVehicles 2023-12-01 2024-11-30 12307974 uk-core:MotorVehicles 2023-11-30 12307974 uk-core:PlantMachinery 2023-11-30 12307974 uk-core:PlantMachinery 2024-11-30 12307974 uk-core:MotorVehicles 2024-11-30 12307974 uk-core:WithinOneYear 2024-11-30 12307974 uk-core:WithinOneYear 2023-11-30 12307974 uk-core:AfterOneYear uk-core:Secured 2024-11-30 12307974 uk-core:AfterOneYear uk-core:Secured 2023-11-30 iso4217:GBP xbrli:pure 12307974 uk-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12307974 uk-bus:FRS102 2023-12-01 2024-11-30 12307974 uk-bus:FilletedAccounts 2023-12-01 2024-11-30 12307974 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30
Continental Fabrications Ltd
Registered Number:12307974
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2024
Continental Fabrications Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
12307974
As at 30 November 2024
Continental Fabrications Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
134,848
145,489
2
134,848
145,489
Current assets
Inventories
269,096
19,946
3
Trade and other receivables
348,928
421,627
4
454,809
Cash and cash equivalents
185,533
627,106
1,072,833
Trade and other payables: amounts falling due within one
year
(534,954)
(316,532)
5
537,879
310,574
Net current assets
Total assets less current liabilities
445,422
683,368
Trade and other payables: amounts falling due after more
than one year
(15,785)
(5,667)
6
(25,620)
(36,380)
Provisions for liabilities
414,135
Net assets
631,203
Capital and reserves
Called up share capital
100
100
Retained earnings
414,035
631,103
414,135
631,203
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
B J North Director
These financial statements were approved and authorised for issue by the Board on 14 February 2025 and were signed by:
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4
Registered Number :
12307974
For the year ended 30 November 2024
Continental Fabrications Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 November 2024
Continental Fabrications Ltd
Notes to the Financial Statements
Statutory Information
Continental Fabrications Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12307974.
Registered address:
Spring Garden Mill
New Street
Milnsbridge
Huddersfield
HD3 4LN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
25% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 November 2024
Continental Fabrications Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 December 2023
324,768
31,028
293,740
47,718
47,718
-
Additions
(31,029)
-
Disposals
(31,029)
At 30 November 2024
293,740
47,717
341,457
Provision for depreciation and impairment
At 01 December 2023
179,279
14,524
164,755
Charge for year
44,352
14,427
29,925
(17,022)
(17,022)
-
On disposal
At 30 November 2024
206,609
11,929
194,680
At 30 November 2024
Net book value
99,060
35,788
134,848
At 30 November 2023
128,985
16,504
145,489
3. Inventories
2023
2024
£
£
Stocks
19,946
269,096
4. Trade and other receivables
2023
2024
£
£
Trade debtors
126,283
336,571
Prepayments and accrued income
11,917
12,357
Taxation and social security
62,000
-
Other debtors
221,427
-
348,928
421,627
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7
For the year ended 30 November 2024
Continental Fabrications Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
79,376
339,962
Taxation and social security
18,756
136,152
Accruals and deferred income
5,970
5,497
Directors' loan accounts
8,262
175
Other creditors
194,168
43,168
316,532
534,954
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
5,667
15,785
7. Average number of persons employed
During the year the average number of employees was 14 (2023 : 13)
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