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Company Registration No. 13562898 (England and Wales)
SPECIALIST METAL FABRICATIONS LTD Unaudited accounts for the year ended 31 August 2024
SPECIALIST METAL FABRICATIONS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SPECIALIST METAL FABRICATIONS LTD Company Information for the year ended 31 August 2024
Directors
Anup PHAKEY Jamie Daniel HEYWOOD
Company Number
13562898 (England and Wales)
Registered Office
UNIT 4 HARRIMANS COURT ALCESTER STREET NOTTINGHAM NG7 2UR UNITED KINGDOM
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SPECIALIST METAL FABRICATIONS LTD Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
401,832
282,920
Current assets
Debtors
5
335,955
220,143
Cash at bank and in hand
48,913
40,925
384,868
261,068
Creditors: amounts falling due within one year
6
(91,894)
(77,566)
Net current assets
292,974
183,502
Total assets less current liabilities
694,806
466,422
Creditors: amounts falling due after more than one year
7
(371,117)
(319,742)
Net assets
323,689
146,680
Capital and reserves
Called up share capital
100
100
Profit and loss account
323,589
146,580
Shareholders' funds
323,689
146,680
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Anup PHAKEY Director Company Registration No. 13562898
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SPECIALIST METAL FABRICATIONS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SPECIALIST METAL FABRICATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13562898. The registered office is UNIT 4 HARRIMANS COURT, ALCESTER STREET, NOTTINGHAM, NG7 2UR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
20% Straight Line Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
279,397
39,842
3,866
323,105
Additions
86,494
84,581
4,322
175,397
At 31 August 2024
365,891
124,423
8,188
498,502
Depreciation
At 1 September 2023
26,421
12,218
1,546
40,185
Charge for the year
33,271
22,441
773
56,485
At 31 August 2024
59,692
34,659
2,319
96,670
Net book value
At 31 August 2024
306,199
89,764
5,869
401,832
At 31 August 2023
252,976
27,624
2,320
282,920
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SPECIALIST METAL FABRICATIONS LTD Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
335,955
220,143
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
46,894
32,566
Loans from directors
45,000
45,000
91,894
77,566
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
371,117
319,742
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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