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REGISTERED NUMBER: 13078846 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Industrial Fabrications Ltd

Industrial Fabrications Ltd (Registered number: 13078846)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Industrial Fabrications Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr L Erith
Mr D A King
Mr P J King





SECRETARY: Mrs C King





REGISTERED OFFICE: Unit 5 Rookery Farm
Bury Road
Wortham
Suffolk
IP22 1RB





REGISTERED NUMBER: 13078846 (England and Wales)





ACCOUNTANTS: MLA Advisory
Unit D10 Upper Lounge,
Pinetrees road
Norwich
Norfolk
NR7 9BB

Industrial Fabrications Ltd (Registered number: 13078846)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,283 57,079

CURRENT ASSETS
Stocks 39,850 -
Debtors 5 45,443 40,140
Cash at bank 37,368 116,652
122,661 156,792
CREDITORS
Amounts falling due within one year 6 42,214 78,886
NET CURRENT ASSETS 80,447 77,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,730

134,985

CREDITORS
Amounts falling due after more than
one year

7

(11,588

)

(18,829

)

PROVISIONS FOR LIABILITIES (11,321 ) (13,426 )
NET ASSETS 102,821 102,730

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 102,521 102,430
102,821 102,730

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

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

Industrial Fabrications Ltd (Registered number: 13078846)

Balance Sheet - continued
31 December 2024


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 25 June 2025 and were signed on its behalf by:




Mr L Erith - Director Mr D A King - Director




Mr P J King - Director


Industrial Fabrications Ltd (Registered number: 13078846)

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

1. STATUTORY INFORMATION

Industrial Fabrications 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 - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Industrial Fabrications Ltd (Registered number: 13078846)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 88,529
Additions 3,299
At 31 December 2024 91,828
DEPRECIATION
At 1 January 2024 31,450
Charge for year 15,095
At 31 December 2024 46,545
NET BOOK VALUE
At 31 December 2024 45,283
At 31 December 2023 57,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 25,971 39,993
Other debtors 19,472 147
45,443 40,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 10,172 8,520
Trade creditors 750 2,470
Taxation and social security 28,543 49,779
Other creditors 2,749 18,117
42,214 78,886

Industrial Fabrications Ltd (Registered number: 13078846)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 11,588 18,829