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REGISTERED NUMBER: 01975713 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2025

for

S & P Fabrications Limited

S & P Fabrications Limited (Registered number: 01975713)






Contents of the Financial Statements
for the year ended 31st March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

S & P Fabrications Limited

Company Information
for the year ended 31st March 2025







DIRECTORS: E Cunningham
I Cunningham
Mrs C Cunningham



SECRETARY: Mrs C Cunningham



REGISTERED OFFICE: 90 Churchfields
Tickton
Beverley
East Yorkshire
HU17 9SY



REGISTERED NUMBER: 01975713 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Barclays Bank plc
Humber & Lincolnshire Team
4th Floor
2 Humber Quays
Hull
HU1 2BN

S & P Fabrications Limited (Registered number: 01975713)

Abridged Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,619 98,446

CURRENT ASSETS
Stocks 2,032 2,046
Debtors 55,720 200,062
Cash at bank 1,088,647 727,704
1,146,399 929,812
CREDITORS
Amounts falling due within one year 465,683 371,267
NET CURRENT ASSETS 680,716 558,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

792,335

656,991

PROVISIONS FOR LIABILITIES 7,280 3,986
NET ASSETS 785,055 653,005

CAPITAL AND RESERVES
Called up share capital 5 60 60
Revaluation reserve 6 39,866 39,866
Retained earnings 745,129 613,079
SHAREHOLDERS' FUNDS 785,055 653,005

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

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

S & P Fabrications Limited (Registered number: 01975713)

Abridged Balance Sheet - continued
31st March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd June 2025 and were signed on its behalf by:





E Cunningham - Director


S & P Fabrications Limited (Registered number: 01975713)

Notes to the Financial Statements
for the year ended 31st March 2025

1. STATUTORY INFORMATION

S & P 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 as modified by the revaluation of certain assets.

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 - 33% on reducing balance, 25% on cost and 15% on reducing balance

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
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.

S & P Fabrications Limited (Registered number: 01975713)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 9 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st April 2024 227,174
Additions 17,567
At 31st March 2025 244,741
DEPRECIATION
At 1st April 2024 128,728
Charge for year 4,394
At 31st March 2025 133,122
NET BOOK VALUE
At 31st March 2025 111,619
At 31st March 2024 98,446

Cost or valuation at 31st March 2025 is represented by:

Totals
£   
Valuation in 2019 26,489
Cost 210,752
237,241

If the property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 48,511 48,511
Aggregate depreciation (5,877 ) (5,877 )

Value of land in freehold land and buildings 82,500 82,500

the property was valued on an open market basis on 31st March 2024 by the directors .

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
60 Ordinary Shares £1 60 60

S & P Fabrications Limited (Registered number: 01975713)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

6. RESERVES
Revaluation
reserve
£   
At 1st April 2024
and 31st March 2025 39,866

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
S & P 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 Statement of Comprehensive Income 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 S & P Fabrications Limited for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Abridged 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 S & P 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 S & P Fabrications Limited and state those matters that we have agreed to state to the Board of Directors of S & P 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 S & P Fabrications Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S & P 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 S & P Fabrications Limited. You consider that S & P 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 S & P 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.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


3rd June 2025