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REGISTERED NUMBER: 05379647 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Alfreton Fabrications Limited

Alfreton Fabrications Limited (Registered number: 05379647)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Alfreton Fabrications Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A D Critchley
L J Foulkes





REGISTERED OFFICE: Unit 5b
Wimsey Way
Somercotes
Derby
Derbyshire
DE55 4LS





REGISTERED NUMBER: 05379647 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Alfreton Fabrications Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alfreton Fabrications Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Alfreton Fabrications Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alfreton Fabrications Limited and state those matters that we have agreed to state to the Board of Directors of Alfreton Fabrications Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alfreton Fabrications Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alfreton Fabrications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alfreton Fabrications Limited. You consider that Alfreton Fabrications Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alfreton Fabrications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


28 May 2025

Alfreton Fabrications Limited (Registered number: 05379647)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 193,075 214,963

CURRENT ASSETS
Stocks 36,127 49,731
Debtors 5 312,045 408,326
Cash at bank and in hand 142,838 144,042
491,010 602,099
CREDITORS
Amounts falling due within one year 6 356,405 382,037
NET CURRENT ASSETS 134,605 220,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,680

435,025

CREDITORS
Amounts falling due after more than one
year

7

(108,943

)

(213,882

)

PROVISIONS FOR LIABILITIES (38,084 ) (42,820 )
NET ASSETS 180,653 178,323

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings 130,653 128,323
SHAREHOLDERS' FUNDS 180,653 178,323

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

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

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 28 May 2025 and were signed on its behalf by:





A D Critchley - Director


Alfreton Fabrications Limited (Registered number: 05379647)

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

1. STATUTORY INFORMATION

Alfreton 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.

Revenue is recognised on dispatch of goods.

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.
Leasehold property - 20% on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Office equipment - 25% 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Alfreton Fabrications Limited (Registered number: 05379647)

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

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 15 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 9,054 1,157,177 14,544 29,744 1,210,519
Additions - 30,200 - 5,113 35,313
Disposals - (5,850 ) - - (5,850 )
At 31 August 2024 9,054 1,181,527 14,544 34,857 1,239,982
DEPRECIATION
At 1 September 2023 9,054 943,643 14,544 28,315 995,556
Charge for year - 56,159 - 1,042 57,201
Eliminated on disposal - (5,850 ) - - (5,850 )
At 31 August 2024 9,054 993,952 14,544 29,357 1,046,907
NET BOOK VALUE
At 31 August 2024 - 187,575 - 5,500 193,075
At 31 August 2023 - 213,534 - 1,429 214,963

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 215,753
DEPRECIATION
At 1 September 2023 46,745
Charge for year 43,483
At 31 August 2024 90,228
NET BOOK VALUE
At 31 August 2024 125,525
At 31 August 2023 169,008

Alfreton Fabrications Limited (Registered number: 05379647)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 257,593 360,026
Other debtors 54,452 48,300
312,045 408,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 77,871 72,620
Hire purchase contracts 28,200 26,292
Trade creditors 54,787 58,085
Amounts owed to group undertakings 242 32,222
Taxation and social security 60,781 85,763
Other creditors 134,524 107,055
356,405 382,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 43,451 120,191
Hire purchase contracts 65,492 93,691
108,943 213,882

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 121,322 192,811
Hire purchase contracts 93,692 119,983
215,014 312,794

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary A £1 25,000 25,000
25,000 Ordinary B £1 25,000 25,000
50,000 50,000