Registered number
SC593416
Airdrie Fabrications Ltd
Filleted Accounts
30 April 2025
Airdrie Fabrications Ltd
Registered number: SC593416
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 30,829 4,596
Current assets
Debtors 4 116,550 79,882
Cash at bank and in hand 5,731 62,218
122,281 142,100
Creditors: amounts falling due within one year 5 (30,638) (39,639)
Net current assets 91,643 102,461
Total assets less current liabilities 122,472 107,057
Creditors: amounts falling due after more than one year 6 (21,460) (10,672)
Net assets 101,012 96,385
Capital and reserves
Called up share capital 1 1
Profit and loss account 101,011 96,384
Shareholders' funds 101,012 96,385
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.
Jamie Blair
Director
Approved by the board on 12 August 2025
Airdrie Fabrications Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
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:
Motor vehicles over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2024 3,169 11,857 15,026
Additions - 30,995 30,995
Disposals - (4,167) (4,167)
At 30 April 2025 3,169 38,685 41,854
Depreciation
At 1 May 2024 1,769 8,661 10,430
Charge for the year 400 1,166 1,566
On disposals - (971) (971)
At 30 April 2025 2,169 8,856 11,025
Net book value
At 30 April 2025 1,000 29,829 30,829
At 30 April 2024 1,400 3,196 4,596
4 Debtors 2025 2024
£ £
Trade debtors 59,223 33,350
Other debtors 57,327 46,532
116,550 79,882
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 14,807 10,000
Trade creditors 15,043 5,196
Taxation and social security costs - 18,911
Other creditors 788 5,532
30,638 39,639
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 21,460 10,672
7 Other information
Airdrie Fabrications Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Brownsburn Ind Estate
Airdrie
ML6 9SE
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