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REGISTERED NUMBER: 03970258 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CORTON SHEET METAL FABRICATIONS LIMITED

CORTON SHEET METAL FABRICATIONS LIMITED (REGISTERED NUMBER: 03970258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORTON SHEET METAL FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A Corton
Mrs B Corton





SECRETARY: Mrs B Corton





REGISTERED OFFICE: 1 Parkway Avenue
SHEFFIELD
S9 4WB





REGISTERED NUMBER: 03970258 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

CORTON SHEET METAL FABRICATIONS LIMITED (REGISTERED NUMBER: 03970258)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,322 13,038

CURRENT ASSETS
Stocks 95,000 95,000
Debtors 5 481,337 597,485
Cash at bank and in hand 128,540 131,356
704,877 823,841
CREDITORS
Amounts falling due within one year 6 274,201 363,795
NET CURRENT ASSETS 430,676 460,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,998

473,084

CREDITORS
Amounts falling due after more than one
year

7

(314,880

)

(364,844

)

PROVISIONS FOR LIABILITIES (2,425 ) (2,641 )
NET ASSETS 123,693 105,599

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,593 105,499
SHAREHOLDERS' FUNDS 123,693 105,599

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.

CORTON SHEET METAL FABRICATIONS LIMITED (REGISTERED NUMBER: 03970258)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





A Corton - Director


CORTON SHEET METAL FABRICATIONS LIMITED (REGISTERED NUMBER: 03970258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Corton Sheet Metal Fabrications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Depreciation is charged from one month after fixed asset acquisitions.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

CORTON SHEET METAL FABRICATIONS LIMITED (REGISTERED NUMBER: 03970258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 79,930
DEPRECIATION
At 1 October 2023 66,892
Charge for year 2,716
At 30 September 2024 69,608
NET BOOK VALUE
At 30 September 2024 10,322
At 30 September 2023 13,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 440,762 564,590
Amounts owed by group undertakings 1,500 1,500
Other debtors 39,075 31,395
481,337 597,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,485 15,189
Trade creditors 207,939 321,742
Taxation and social security 41,919 21,904
Other creditors 6,858 4,960
274,201 363,795

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,997 28,946
Other creditors 305,883 335,898
314,880 364,844

CORTON SHEET METAL FABRICATIONS LIMITED (REGISTERED NUMBER: 03970258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 26,482 44,135

A fixed and floating charge over all assets of the company and a personal guarantee given by A Corton to Yorkshire Bank plc in the sum of £50,000.

9. RELATED PARTY DISCLOSURES

The controlling party is Fernco Holdings Limited.