J K Fabrications (SOT) Limited 08146109 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is 71129 - Other engineering activities Digita Accounts Production Advanced 6.30.9574.0 true true 08146109 2023-08-01 2024-07-31 08146109 2024-07-31 08146109 core:CurrentFinancialInstruments 2024-07-31 08146109 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 08146109 core:FurnitureFittingsToolsEquipment 2024-07-31 08146109 core:MotorVehicles 2024-07-31 08146109 bus:SmallEntities 2023-08-01 2024-07-31 08146109 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 08146109 bus:FullAccounts 2023-08-01 2024-07-31 08146109 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08146109 bus:RegisteredOffice 2023-08-01 2024-07-31 08146109 bus:Director1 2023-08-01 2024-07-31 08146109 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08146109 core:FurnitureFittings 2023-08-01 2024-07-31 08146109 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 08146109 core:MotorVehicles 2023-08-01 2024-07-31 08146109 core:OfficeEquipment 2023-08-01 2024-07-31 08146109 core:PlantMachinery 2023-08-01 2024-07-31 08146109 1 2023-08-01 2024-07-31 08146109 countries:England 2023-08-01 2024-07-31 08146109 2023-07-31 08146109 core:FurnitureFittingsToolsEquipment 2023-07-31 08146109 core:MotorVehicles 2023-07-31 08146109 2022-08-01 2023-07-31 08146109 2023-07-31 08146109 core:CurrentFinancialInstruments 2023-07-31 08146109 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 08146109 core:FurnitureFittingsToolsEquipment 2023-07-31 08146109 core:MotorVehicles 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 08146109

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Company Information

Director

Mr Neil Procter

Registered office

8 Tulsa Close
Eaton Park
Stoke On Trent
ST2 9PT

Accountants

FHS Accounting Limited
Chartered Certified Accountants
Suite G18
Genesis Centre
Innovation Way
Stoke on Trent
ST6 4BF

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

(Registration number: 08146109)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,668

29,260

Current assets

 

Stocks

5

1,500

1,200

Debtors

6

29,707

63,562

Cash at bank and in hand

 

55,680

24,124

 

86,887

88,886

Creditors: Amounts falling due within one year

7

(34,529)

(29,949)

Net current assets

 

52,358

58,937

Net assets

 

76,026

88,197

Capital and reserves

 

Called up share capital

5,000

5,000

Retained earnings

71,026

83,197

Shareholders' funds

 

76,026

88,197

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 March 2025
 

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

(Registration number: 08146109)
Balance Sheet as at 31 July 2024

.........................................
Mr Neil Procter
Director

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 Tulsa Close
Eaton Park
Stoke On Trent
ST2 9PT

These financial statements were authorised for issue by the director on 17 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

Reducing Balance 15%

Motor Vehicles

Reducing Balance 25%

Office Equipment

Reducing Balance 35%

Fixtures and Fittings

Reducing Balance 20%

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

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 cost 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.

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

32,431

24,096

56,527

At 31 July 2024

32,431

24,096

56,527

Depreciation

At 1 August 2023

8,763

18,504

27,267

Charge for the year

4,194

1,398

5,592

At 31 July 2024

12,957

19,902

32,859

Carrying amount

At 31 July 2024

19,474

4,194

23,668

At 31 July 2023

23,668

5,592

29,260

5

Stocks

2024
£

2023
£

Other inventories

1,500

1,200

6

Debtors

Current

2024
£

2023
£

Trade debtors

29,707

63,562

 

29,707

63,562

7

Creditors

Creditors: amounts falling due within one year

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024
£

2023
£

Due within one year

Taxation and social security

10,506

26,085

Accruals and deferred income

2,060

2,060

Other creditors

21,963

1,804

34,529

29,949

8

Related party transactions

All transactions undertaken with related parties were under normal market conditions and/or not material.

 

J K Fabrications (SOT) Limited

trading as J K Fabrications (SOT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9

Non adjusting events after the financial period

There were no material events to report up to the date of approval of the financial statements by the board.