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REGISTERED NUMBER: 08778003 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 November 2024

for

FAB-MECH LIMITED

FAB-MECH LIMITED (REGISTERED NUMBER: 08778003)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

FAB-MECH LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTOR: D M W Tomkins





REGISTERED OFFICE: 13 Hereford Way
Rugeley
Staffordshire
WS15 1GP





REGISTERED NUMBER: 08778003 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

FAB-MECH LIMITED (REGISTERED NUMBER: 08778003)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,033 10,485
33,033 10,485

CURRENT ASSETS
Debtors 6 100,847 103,876
Cash at bank 19,255 1,341
120,102 105,217
CREDITORS
Amounts falling due within one year 7 74,015 86,833
NET CURRENT ASSETS 46,087 18,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,120

28,869

CREDITORS
Amounts falling due after more than one year 8 (18,358 ) -

PROVISIONS FOR LIABILITIES (7,568 ) (2,254 )
NET ASSETS 53,194 26,615

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 52,994 26,415
SHAREHOLDERS' FUNDS 53,194 26,615

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

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 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 14 January 2025 and were signed by:




D M W Tomkins - Director


FAB-MECH LIMITED (REGISTERED NUMBER: 08778003)

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


1. STATUTORY INFORMATION

Fab-Mech 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Turnover
Turnover represents net invoiced sales of service excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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
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.

FAB-MECH LIMITED (REGISTERED NUMBER: 08778003)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 8,787
AMORTISATION
At 1 December 2023
and 30 November 2024 8,787
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 7,167 368 16,012 3,082 26,629
Additions 616 - 37,563 - 38,179
Disposals - - (16,012 ) - (16,012 )
At 30 November 2024 7,783 368 37,563 3,082 48,796
DEPRECIATION
At 1 December 2023 4,706 258 9,423 1,757 16,144
Charge for year 703 28 8,259 331 9,321
Eliminated on disposal - - (9,702 ) - (9,702 )
At 30 November 2024 5,409 286 7,980 2,088 15,763
NET BOOK VALUE
At 30 November 2024 2,374 82 29,583 994 33,033
At 30 November 2023 2,461 110 6,589 1,325 10,485

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 12,260 11,560
Other debtors 88,587 92,316
100,847 103,876

FAB-MECH LIMITED (REGISTERED NUMBER: 08778003)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 4,971 6,347
Trade creditors 1,170 931
Taxation and social security 67,874 70,121
Other creditors - 9,434
74,015 86,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 18,358 -

9. ULTIMATE CONTROLLING PARTY

The Company is under the control of D M W Tomkins who owns 75% of the issued share capital.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Fab-Mech 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 Fab-Mech Limited for the year ended 30 November 2024 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fab-Mech Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fab-Mech Limited and state those matters that we have agreed to state to the director of Fab-Mech Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fab-Mech Limited and its director for our work or for this report.

It is your duty to ensure that Fab-Mech 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 Fab-Mech Limited. You consider that Fab-Mech 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 Fab-Mech 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.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


14 January 2025