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REGISTERED NUMBER: 03257072 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

M.C Fabrications (Halifax) Ltd

M.C Fabrications (Halifax) Ltd (Registered number: 03257072)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.C Fabrications (Halifax) Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M I Castelow
D Watson





SECRETARY: S Castelow





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 03257072 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

M.C Fabrications (Halifax) Ltd (Registered number: 03257072)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,105 33,192

CURRENT ASSETS
Stocks 3,002 3,002
Debtors 5 174,174 197,152
Cash at bank 243,205 190,387
420,381 390,541
CREDITORS
Amounts falling due within one year 6 159,383 180,587
NET CURRENT ASSETS 260,998 209,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,103

243,146

CREDITORS
Amounts falling due after more than one year 7 18,273 31,041
NET ASSETS 270,830 212,105

CAPITAL AND RESERVES
Called up share capital 1,333 1,333
Retained earnings 269,497 210,772
SHAREHOLDERS' FUNDS 270,830 212,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

M.C Fabrications (Halifax) Ltd (Registered number: 03257072)

Balance Sheet - continued
31 July 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 25 April 2025 and were signed on its behalf by:




M I Castelow - Director



D Watson - Director


M.C Fabrications (Halifax) Ltd (Registered number: 03257072)

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


1. STATUTORY INFORMATION

M.C Fabrications (Halifax) 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
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 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
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.

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.

M.C Fabrications (Halifax) Ltd (Registered number: 03257072)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 70,203 37,098 2,870 110,171
Additions 3,250 - - 3,250
At 31 July 2024 73,453 37,098 2,870 113,421
DEPRECIATION
At 1 August 2023 58,014 16,095 2,870 76,979
Charge for year 3,087 5,250 - 8,337
At 31 July 2024 61,101 21,345 2,870 85,316
NET BOOK VALUE
At 31 July 2024 12,352 15,753 - 28,105
At 31 July 2023 12,189 21,003 - 33,192

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 16,900
DEPRECIATION
At 1 August 2023 6,073
Charge for year 2,706
At 31 July 2024 8,779
NET BOOK VALUE
At 31 July 2024 8,121
At 31 July 2023 10,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 158,586 180,799
Other debtors 10,996 10,996
Prepayments 4,592 5,357
174,174 197,152

M.C Fabrications (Halifax) Ltd (Registered number: 03257072)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 3,380
Trade creditors 31,731 42,941
Tax 53,666 48,915
Social security and other taxes 4,612 7,340
VAT 68,374 77,011
Accrued expenses 1,000 1,000
159,383 180,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 10,116 22,884
Hire purchase contracts 8,157 8,157
18,273 31,041

8. RELATED PARTY DISCLOSURES

The company is controlled by the company directors.