Span-Fab Ltd


FINANCIAL STATEMENTS


for the year ended 31st March 2025



Span-Fab Ltd

CONTENTS

for the year ended 31st March 2025







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Span-Fab Ltd

Company No. 08011915

STATEMENT OF FINANCIAL POSITION

as at 31st March 2025

20252024
Note£££
FIXED ASSETS
Property, plant and equipment46962464753
6962464753
CURRENT ASSETS
Debtors59612970908
Cash at bank and in hand11
9613070909
CURRENT LIABILITIES
Creditors: amounts falling due
within one year612736897881
NET CURRENT LIABILITIES(31238)(26972)
TOTAL ASSETS LESS CURRENT LIABILITIES3838637781
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS3838637781
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings3828637681
SHAREHOLDERS FUNDS3838637781

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st March 2025 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 15 July 2025


S Wright

Director

Company Number 08011915 (England)

Span-Fab Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st March 2025


1   Statutory information

Span-Fab Ltd is a private company limited by shares and registered under company number 08011915 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles10-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3   Employee information

The average number of employees during the accounting period was 6 (2024 - 3).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st April 2024 2950066478339199369
Additions12000492522017145
At 31st March 202541500714033611116514
 
Depreciation
At 1st April 2024 537526785245634616
Charge for year6031595428912274
At 31st March 20251140632739274546890
 
Net Book Value
At 31st March 2025300943866486669624
At 31st March 2024241253969393564753

5   Debtors20252024
££
 
Trade Debtors5750719894
Amounts owed by group undertakings and undertakings in which the
  Company has a participating interest2000020000
Other debtors1862231014
9612970908

6   Creditors: amounts falling due within one year20252024
££
 
Loans and Overdrafts2197121744
Trade Creditors-404
Corporation tax1910116974
Taxes and social security costs7274146879
Other creditors1355511880
12736897881

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