REGISTERED NUMBER: 03621388 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Fabrication 2000 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Copeland

R S Mills

SECRETARY:

R S Mills

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

03621388 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

4

209,157

211,578

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

13,099

34,351

Cash at bank

32,703

50,585

47,802

86,936

CREDITORS

Amounts falling due within one year

6

154,957

198,422

NET CURRENT LIABILITIES

(107,155

)

(111,486

)

TOTAL ASSETS LESS CURRENT LIABILITIES

102,002

100,092

PROVISIONS FOR LIABILITIES

13,036

13,495

NET ASSETS

88,966

86,597

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

88,964

86,595

SHAREHOLDERS' FUNDS

88,966

86,597

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

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

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 Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

M E Copeland - Director

R S Mills - Director

1.	STATUTORY INFORMATION

Fabrication 2000 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 as modified by the revaluation of certain assets.

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 each asset over its estimated useful life.

Land and buildings

-

Not provided

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

and 30 September 2024

200,000

75,294

275,294

DEPRECIATION

At 1 October 2023

-

63,716

63,716

Charge for year

-

2,421

2,421

At 30 September 2024

-

66,137

66,137

NET BOOK VALUE

At 30 September 2024

200,000

9,157

209,157

At 30 September 2023

200,000

11,578

211,578

Cost or valuation at 30 September 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2015

59,451

-

59,451

Valuation in 2016

50,000

-

50,000

Valuation in 2017

(25,000

)

-

(25,000

)

Valuation in 2019

(25,000

)

-

(25,000

)

Cost

140,549

75,294

215,843

200,000

75,294

275,294

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

140,549

140,549

Freehold property was valued on a fair value basis on 30 September 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,125

32,654

Other debtors

974

1,697

13,099

34,351

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,902

22,133

Taxation and social security

7,933

5,579

Other creditors

141,122

170,710

154,957

198,422