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REGISTERED NUMBER: 01163676 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

GLAMORGAN FABRICATION LTD

GLAMORGAN FABRICATION LTD (REGISTERED NUMBER: 01163676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLAMORGAN FABRICATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: K J Bowen
A D Bowen
Mrs S J Turton
P A Gilbert





REGISTERED OFFICE: 18 Sturmi Way Village Farm Industrial Es
Pyle
Bridgend
Mid Glamorgan
CF33 6BZ





REGISTERED NUMBER: 01163676 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

GLAMORGAN FABRICATION LTD (REGISTERED NUMBER: 01163676)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 639,806 556,568

CURRENT ASSETS
Stocks 114,907 86,949
Debtors 5 268,019 248,526
Cash at bank 1,232,988 777,196
1,615,914 1,112,671
CREDITORS
Amounts falling due within one year 6 856,042 544,886
NET CURRENT ASSETS 759,872 567,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,399,678

1,124,353

CREDITORS
Amounts falling due after more than one
year

7

-

(25,210

)

PROVISIONS FOR LIABILITIES (122,476 ) (86,124 )
NET ASSETS 1,277,202 1,013,019

CAPITAL AND RESERVES
Called up share capital 1,852 1,852
Share premium 1,665 1,665
Retained earnings 1,273,685 1,009,502
1,277,202 1,013,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

GLAMORGAN FABRICATION LTD (REGISTERED NUMBER: 01163676)

BALANCE SHEET - continued
31 JANUARY 2025


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 22 May 2025 and were signed on its behalf by:





K J Bowen - Director


GLAMORGAN FABRICATION LTD (REGISTERED NUMBER: 01163676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Glamorgan Fabrication 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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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.

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.

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.

GLAMORGAN FABRICATION LTD (REGISTERED NUMBER: 01163676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 78,851 2,133,594 2,212,445
Additions - 228,814 228,814
Disposals - (68,016 ) (68,016 )
At 31 January 2025 78,851 2,294,392 2,373,243
DEPRECIATION
At 1 February 2024 27,135 1,628,742 1,655,877
Charge for year 3,942 136,950 140,892
Eliminated on disposal - (63,332 ) (63,332 )
At 31 January 2025 31,077 1,702,360 1,733,437
NET BOOK VALUE
At 31 January 2025 47,774 592,032 639,806
At 31 January 2024 51,716 504,852 556,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 246,624 237,937
Other debtors 21,395 10,589
268,019 248,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 25,210 97,297
Trade creditors 209,939 36,523
Taxation and social security 108,343 87,252
Other creditors 512,550 323,814
856,042 544,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) - 25,210

GLAMORGAN FABRICATION LTD (REGISTERED NUMBER: 01163676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 25,210 97,297
Between one and five years - 25,210
25,210 122,507

Non-cancellable operating leases
2025 2024
£    £   
Within one year 73,499 73,499
Between one and five years 6,124 79,623
79,623 153,122

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 25,210 122,507

Hire purchase agreements are secured on the assets to which they relate

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
K J Bowen
Balance outstanding at start of year (312,753 ) (772 )
Amounts advanced 19,205 -
Amounts repaid (214,553 ) (311,981 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (508,101 ) (312,753 )