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REGISTERED NUMBER: 02262600 (England and Wales)


















Eagle Fabrication and Insulation
Services Limited

Unaudited Financial Statements

for the Year Ended 30th September 2024






Eagle Fabrication and Insulation
Services Limited (Registered number: 02262600)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eagle Fabrication and Insulation
Services Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: M W Neale
A M Neale
M A Neale





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG2 6AB





REGISTERED NUMBER: 02262600 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Eagle Fabrication and Insulation
Services Limited (Registered number: 02262600)

Balance Sheet
30th September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 115,501 55,874

CURRENT ASSETS
Stocks 2,050 2,050
Debtors 6 654,798 791,213
Cash at bank and in hand 266,194 201,378
923,042 994,641
CREDITORS
Amounts falling due within one year 7 (326,824 ) (420,982 )
NET CURRENT ASSETS 596,218 573,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,719

629,533

CREDITORS
Amounts falling due after more than one
year

8

(58,575

)

(41,303

)

PROVISIONS FOR LIABILITIES - (6,344 )
NET ASSETS 653,144 581,886

CAPITAL AND RESERVES
Called up share capital 11 130 130
Retained earnings 653,014 581,756
SHAREHOLDERS' FUNDS 653,144 581,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Eagle Fabrication and Insulation
Services Limited (Registered number: 02262600)

Balance Sheet - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th June 2025 and were signed on its behalf by:





M W Neale - Director


Eagle Fabrication and Insulation
Services Limited (Registered number: 02262600)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Eagle Fabrication and Insulation Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Eagle Fabrication and Insulation
Services Limited (Registered number: 02262600)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 8,680 5,853 184,783 3,915 203,231
Additions - - 105,930 - 105,930
Disposals - - (86,664 ) - (86,664 )
At 30th September 2024 8,680 5,853 204,049 3,915 222,497
DEPRECIATION
At 1st October 2023 1,275 4,691 137,476 3,915 147,357
Charge for year 1,302 387 28,521 - 30,210
Eliminated on disposal - - (70,571 ) - (70,571 )
At 30th September 2024 2,577 5,078 95,426 3,915 106,996
NET BOOK VALUE
At 30th September 2024 6,103 775 108,623 - 115,501
At 30th September 2023 7,405 1,162 47,307 - 55,874

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 628,900 753,424
Amounts owed by group undertakings 705 180
Other debtors 25,193 37,609
654,798 791,213

Eagle Fabrication and Insulation
Services Limited (Registered number: 02262600)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 20,968 17,140
Trade creditors 262,291 307,646
Taxation and social security 34,093 86,923
Other creditors 9,472 9,273
326,824 420,982

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 58,575 41,303

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 20,968 17,140
Between one and five years 58,575 41,303
79,543 58,443

Non-cancellable operating leases
2024 2023
£    £   
Within one year 22,842 62,060
Between one and five years 30,456 18,332
53,298 80,392

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 79,543 58,443

Hire purchase contracts are secured over the assets to which they concern.

Eagle Fabrication and Insulation
Services Limited (Registered number: 02262600)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
10 Ordinary B £1 10 10
20 Ordinary C £1 20 20
130 130

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
M W Neale
Balance outstanding at start of year 8,620 9,649
Amounts advanced 7,608 11,283
Amounts repaid (10,979 ) (12,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,249 8,620

A M Neale
Balance outstanding at start of year 7,493 5,779
Amounts advanced 5,897 4,026
Amounts repaid (10,979 ) (2,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,411 7,493

M A Neale
Balance outstanding at start of year 9,410 8,340
Amounts advanced 12,672 15,382
Amounts repaid (12,979 ) (14,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,103 9,410

The amounts owed by the directors has been repaid within 9 months of the year end.