Acorah Software Products - Accounts Production 16.1.300 false true false 1 January 2024 31 March 2024 31 March 2024 15298136 Mr Adrian Fletcher Mr Keith Hartley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15298136 2023-12-31 15298136 2024-03-31 15298136 2024-01-01 2024-03-31 15298136 frs-core:CurrentFinancialInstruments 2024-03-31 15298136 frs-core:FurnitureFittings 2024-03-31 15298136 frs-core:FurnitureFittings 2024-01-01 2024-03-31 15298136 frs-core:FurnitureFittings 2023-12-31 15298136 frs-core:MotorVehicles 2024-03-31 15298136 frs-core:MotorVehicles 2024-01-01 2024-03-31 15298136 frs-core:MotorVehicles 2023-12-31 15298136 frs-core:PlantMachinery 2024-03-31 15298136 frs-core:PlantMachinery 2024-01-01 2024-03-31 15298136 frs-core:PlantMachinery 2023-12-31 15298136 frs-core:ShareCapital 2024-03-31 15298136 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 15298136 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-03-31 15298136 frs-bus:FilletedAccounts 2024-01-01 2024-03-31 15298136 frs-bus:SmallEntities 2024-01-01 2024-03-31 15298136 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-03-31 15298136 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-03-31 15298136 frs-bus:Director1 2024-01-01 2024-03-31 15298136 frs-bus:Director2 2024-01-01 2024-03-31 15298136 frs-countries:EnglandWales 2024-01-01 2024-03-31
New Fabrications & Welding Limited
Unaudited Financial Statements
For the Period 1 January 2024 to 31 March 2024
Teale Accountants Ltd
1 Industrial Street
Bingley
West Yorkshire
BD16 4JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15298136
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 134,995
134,995
CURRENT ASSETS
Stocks 5 25,000
Debtors 6 66,184
Cash at bank and in hand 167,701
258,885
Creditors: Amounts Falling Due Within One Year 7 (317,426 )
NET CURRENT ASSETS (LIABILITIES) (58,541 )
TOTAL ASSETS LESS CURRENT LIABILITIES 76,454
NET ASSETS 76,454
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account 76,354
SHAREHOLDERS' FUNDS 76,454
Page 1
Page 2
For the period ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Keith Hartley
Director
21/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
New Fabrications & Welding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15298136 . The registered office is Crown Works, Worth Way, Keighley, West Yorkshire, BD21 5LR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5
5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 - - - -
Additions 17,689 129,089 670 147,448
As at 31 March 2024 17,689 129,089 670 147,448
Depreciation
As at 1 January 2024 - - - -
Provided during the period 2,834 9,452 167 12,453
As at 31 March 2024 2,834 9,452 167 12,453
Net Book Value
As at 31 March 2024 14,855 119,637 503 134,995
As at 1 January 2024 - - - -
5. Stocks
31 March 2024
£
Work in progress 25,000
6. Debtors
31 March 2024
£
Due within one year
Trade debtors 15,031
Other debtors 51,153
66,184
7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 30,974
Other creditors 284,052
Taxation and social security 2,400
317,426
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Page 5
8. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
Page 5