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REGISTERED NUMBER: 11406061 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Fabriplas Ltd

Fabriplas Ltd (Registered number: 11406061)






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




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Fabriplas Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J W Marsden
A S Farrell





REGISTERED OFFICE: 9 Peaks Place,
Rossini Street,
Bolton
Lancashire
BL1 8AS





REGISTERED NUMBER: 11406061 (England and Wales)





ACCOUNTANTS: Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN

Fabriplas Ltd

Report of the Accountants to the Directors of
Fabriplas Ltd

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

This report is made to the Company's Board of Directors, as a body, in accordance with the
terms of our engagement. Our work has been undertaken so that we might compile the financial
statements that we have been engaged to compile, report to the Company's Board of Directors
that we have done so, and state those matters that we have agreed to state to them in this
report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the Company and the Company's Board of
Directors, as a body, for our work or for this report.

You have acknowledged on the balance sheet as at 30 June 2024 your duty to ensure that
the company has kept proper accounting records and to prepare financial statements that give a
true and fair view under the Companies Act 2006. You consider that the company is exempt
from the statutory requirement for an audit for the year.






Aldred Consultancy
Chartered Management Accountants
27 Palmerston Close
Ramsbottom
Bury
Lancashire
BL0 9YN


25 March 2025

Fabriplas Ltd (Registered number: 11406061)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,102 221,633

CURRENT ASSETS
Stocks 4,000 8,000
Debtors 5 198,374 161,001
Cash at bank 73,537 80,023
275,911 249,024
CREDITORS
Amounts falling due within one year 6 331,562 252,898
NET CURRENT LIABILITIES (55,651 ) (3,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,451

217,759

CREDITORS
Amounts falling due after more than one year 7 (45,566 ) (72,187 )

PROVISIONS FOR LIABILITIES (51,272 ) (42,110 )
NET ASSETS 55,613 103,462

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,513 103,362
SHAREHOLDERS' FUNDS 55,613 103,462

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

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

Fabriplas Ltd (Registered number: 11406061)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





J W Marsden - Director


Fabriplas Ltd (Registered number: 11406061)

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

1. STATUTORY INFORMATION

Fabriplas Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fabriplas Ltd (Registered number: 11406061)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 220,332 26,877 53,775 10,673 311,657
Additions 13,041 4,387 11,995 273 29,696
Disposals - - (3,500 ) - (3,500 )
At 30 June 2024 233,373 31,264 62,270 10,946 337,853
DEPRECIATION
At 1 July 2023 53,264 8,104 18,782 9,874 90,024
Charge for year 23,337 3,124 12,454 3,612 42,527
Eliminated on disposal - - (2,800 ) - (2,800 )
At 30 June 2024 76,601 11,228 28,436 13,486 129,751
NET BOOK VALUE
At 30 June 2024 156,772 20,036 33,834 (2,540 ) 208,102
At 30 June 2023 167,068 18,773 34,993 799 221,633

Fabriplas Ltd (Registered number: 11406061)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 80,593 37,275 117,868
Additions - 11,995 11,995
At 30 June 2024 80,593 49,270 129,863
DEPRECIATION
At 1 July 2023 13,201 12,822 26,023
Charge for year 8,059 9,854 17,913
At 30 June 2024 21,260 22,676 43,936
NET BOOK VALUE
At 30 June 2024 59,333 26,594 85,927
At 30 June 2023 67,392 24,453 91,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 153,676 118,104
Other debtors 44,698 42,897
198,374 161,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,617 -
Hire purchase contracts (see note 8) 18,207 23,628
Trade creditors 82,309 59,333
Taxation and social security 28,209 28,247
Other creditors 192,220 141,690
331,562 252,898

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 8,221 17,451
Hire purchase contracts (see note 8) 37,345 54,736
45,566 72,187

Fabriplas Ltd (Registered number: 11406061)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 18,207 23,628
Between one and five years 37,345 54,736
55,552 78,364

9. RELATED PARTY DISCLOSURES

The Directors have provided interest free loans to the Company, totalling £159,466 (£141,520). There are no specific repayment terms and the Directors are committed to providing ongoing support to the Company.

The Company is owed £32,349 (£30,056) , from a company associated with the directors. A provision has been made within the accounts , to take into account the expected charges from the associate company for work it has undertaken.These charges are expected to be of an equal value to the debtor amount.