Registered number
06940083
A P Fabrications Limited
Filleted Accounts
31 December 2024
A P Fabrications Limited
Registered number: 06940083
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 366
Current assets
Stocks 16,087 16,087
Debtors 4 35,122 35,342
Cash at bank and in hand 42,771 100,748
93,980 152,177
Creditors: amounts falling due within one year 5 (24,954) (17,838)
Net current assets 69,026 134,339
Total assets less current liabilities 69,026 134,705
Creditors: amounts falling due after more than one year 6 (4,167) (14,167)
Net assets 64,859 120,538
Capital and reserves
Called up share capital 1 1
Profit and loss account 64,858 120,537
Shareholders' funds 64,859 120,538
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anthony Pring
Director
Approved by the board on 5 August 2025
A P Fabrications Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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 and machinery 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 43,445
At 31 December 2024 43,445
Depreciation
At 1 January 2024 43,079
Charge for the year 366
At 31 December 2024 43,445
Net book value
At 31 December 2024 -
At 31 December 2023 366
4 Debtors 2024 2023
£ £
Trade debtors 31,572 32,002
Other debtors 3,550 3,340
35,122 35,342
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,155 3,127
Taxation and social security costs 2,026 827
Other creditors 4,773 3,884
24,954 17,838
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,167 14,167
7 Controlling party
The ultimate controlling party is Mr A Pring.
8 Other information
A P Fabrications Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8 Thurley Farm Pump Lane
Grazeley
Reading
Berkshire
RG7 1LL
A P Fabrications Limited 06940083 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Anthony Pring No description of principal activity 06940083 2023-01-01 2023-12-31 06940083 core:WithinOneYear 2023-12-31 06940083 core:AfterOneYear 2023-12-31 06940083 core:ShareCapital 2023-12-31 06940083 core:RetainedEarningsAccumulatedLosses 2023-12-31 06940083 2024-01-01 2024-12-31 06940083 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06940083 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06940083 bus:Director40 2024-01-01 2024-12-31 06940083 1 2024-01-01 2024-12-31 06940083 2 2024-01-01 2024-12-31 06940083 core:PlantMachinery 2024-01-01 2024-12-31 06940083 countries:England 2024-01-01 2024-12-31 06940083 bus:FRS102 2024-01-01 2024-12-31 06940083 bus:FilletedAccounts 2024-01-01 2024-12-31 06940083 2024-12-31 06940083 core:WithinOneYear 2024-12-31 06940083 core:AfterOneYear 2024-12-31 06940083 core:ShareCapital 2024-12-31 06940083 core:RetainedEarningsAccumulatedLosses 2024-12-31 06940083 core:PlantMachinery 2024-12-31 06940083 2023-12-31 06940083 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure