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REGISTERED NUMBER: 13821639 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024

FOR

316 PROCESS FABRICATIONS LTD

316 PROCESS FABRICATIONS LTD (REGISTERED NUMBER: 13821639)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


316 PROCESS FABRICATIONS LTD (REGISTERED NUMBER: 13821639)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 115,353 121,065

CURRENT ASSETS
Stocks 180,211 138,901
Debtors 5 595,531 562,727
Cash at bank and in hand 157,714 100,472
933,456 802,100
CREDITORS
Amounts falling due within one year 6 674,852 742,201
NET CURRENT ASSETS 258,604 59,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,957

180,964

PROVISIONS FOR LIABILITIES 21,917 23,002
NET ASSETS 352,040 157,962

CAPITAL AND RESERVES
Called up share capital 9,442 10,002
Capital redemption reserve 560 -
Retained earnings 342,038 147,960
SHAREHOLDERS' FUNDS 352,040 157,962

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

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

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 22nd July 2025 and were signed on its behalf by:





Mr G Vity - Director


316 PROCESS FABRICATIONS LTD (REGISTERED NUMBER: 13821639)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

316 Process Fabrications Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13821639

Registered office: Unit A&B
Roundhouse Close
Peterborough
Cambridgeshire
PE1 5TA

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 - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 20 ) .

316 PROCESS FABRICATIONS LTD (REGISTERED NUMBER: 13821639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 203,168
Additions 24,258
At 31st December 2024 227,426
DEPRECIATION
At 1st January 2024 82,103
Charge for year 29,970
At 31st December 2024 112,073
NET BOOK VALUE
At 31st December 2024 115,353
At 31st December 2023 121,065

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 566,261 533,062
Other debtors 29,270 29,665
595,531 562,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 159,210 130,363
Taxation and social security 159,302 152,941
Other creditors 356,340 458,897
674,852 742,201