RM Fabrications Limited 04524564 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is fabrication and welding supply and services. Digita Accounts Production Advanced 6.30.9574.0 true true true 04524564 2023-09-01 2024-08-31 04524564 2024-08-31 04524564 core:CurrentFinancialInstruments 2024-08-31 04524564 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 04524564 core:FurnitureFittingsToolsEquipment 2024-08-31 04524564 core:MotorVehicles 2024-08-31 04524564 core:OtherPropertyPlantEquipment 2024-08-31 04524564 bus:SmallEntities 2023-09-01 2024-08-31 04524564 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04524564 bus:FullAccounts 2023-09-01 2024-08-31 04524564 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04524564 bus:RegisteredOffice 2023-09-01 2024-08-31 04524564 bus:Director1 2023-09-01 2024-08-31 04524564 bus:Director2 2023-09-01 2024-08-31 04524564 bus:Director4 2023-09-01 2024-08-31 04524564 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04524564 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 04524564 core:MotorVehicles 2023-09-01 2024-08-31 04524564 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 04524564 core:PlantMachinery 2023-09-01 2024-08-31 04524564 1 2023-09-01 2024-08-31 04524564 countries:England 2023-09-01 2024-08-31 04524564 2023-08-31 04524564 core:FurnitureFittingsToolsEquipment 2023-08-31 04524564 core:MotorVehicles 2023-08-31 04524564 core:OtherPropertyPlantEquipment 2023-08-31 04524564 2022-09-01 2023-08-31 04524564 2023-08-31 04524564 core:CurrentFinancialInstruments 2023-08-31 04524564 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 04524564 core:FurnitureFittingsToolsEquipment 2023-08-31 04524564 core:MotorVehicles 2023-08-31 04524564 core:OtherPropertyPlantEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 04524564

RM Fabrications Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

RM Fabrications Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

RM Fabrications Limited

Company Information

Directors

Mr R Mills

Mr W R Mills

Mr G R Mills

Registered office

The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

RM Fabrications Limited

(Registration number: 04524564)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

115,040

108,729

Current assets

 

Stocks

5

207,390

139,498

Debtors

6

786,134

742,261

Cash at bank and in hand

 

506,965

1,111,809

 

1,500,489

1,993,568

Creditors: Amounts falling due within one year

7

(871,407)

(1,218,822)

Net current assets

 

629,082

774,746

Total assets less current liabilities

 

744,122

883,475

Provisions for liabilities

(28,144)

(26,527)

Net assets

 

715,978

856,948

Capital and reserves

 

Called up share capital

100

100

Capital redemption reserve

150

150

Retained earnings

715,728

856,698

Shareholders' funds

 

715,978

856,948

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.........................................
Mr R Mills
Director

 

RM Fabrications Limited

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

1

General information

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

The address of its registered office is:
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

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.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

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

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of sales of goods and services to customers.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

RM Fabrications Limited

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

2

Accounting policies (continued)

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

Equipment, fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 26 (2023 - 27).

 

RM Fabrications Limited

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

4

Tangible assets

Equipment,
fixtures and fittings
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 September 2023

109,052

124,006

175,395

408,453

Additions

2,711

42,075

2,647

47,433

Disposals

-

(21,140)

-

(21,140)

At 31 August 2024

111,763

144,941

178,042

434,746

Depreciation

At 1 September 2023

100,828

61,462

137,434

299,724

Charge for the year

2,375

19,126

9,987

31,488

Eliminated on disposal

-

(11,506)

-

(11,506)

At 31 August 2024

103,203

69,082

147,421

319,706

Carrying amount

At 31 August 2024

8,560

75,859

30,621

115,040

At 31 August 2023

8,224

62,544

37,961

108,729

5

Stocks

2024
£

2023
£

Work in progress

157,267

115,976

Other inventories

50,123

23,522

207,390

139,498

 

RM Fabrications Limited

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

6

Debtors

2024
£

2023
£

Trade debtors

726,281

681,425

Prepayments

8,427

11,577

Other debtors

51,426

49,259

786,134

742,261

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

356,200

393,721

Amounts owed to group undertakings

324,546

590,046

Taxation and social security

174,711

187,513

Accruals and deferred income

10,099

27,084

Other creditors

5,851

20,458

871,407

1,218,822

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £56,135 (2023 - £112,342). This includes annual rental and leasing commitments of £55,758 (2023 - £56,357)

9

Parent and ultimate parent undertaking

The company's immediate parent is R M Fabrications (Group) Limited, incorporated in England.

  These financial statements are available upon request from The Old Exchange, 521 Wimborne Road East, Ferndown, Dorset, BH22 9NH.