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Registration number: NI616349

Ian Davidson Fabrication Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Ian Davidson Fabrication Ltd

(Registration number: NI616349)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | - | -
Tangible assets | 6 | 119,985 | 126,102
|  | 119,985 | 126,102
Current assets |  |  |
Stock and work in progress |  | 7,262 | 2,000
Debtors | 7 | 37,917 | 42,665
Cash at bank and in hand |  | 73,582 | 97,042
|  | 118,761 | 141,707
Creditors: Amounts falling due within one year | 8 | (58,536) | (65,223)
Net current assets |  | 60,225 | 76,484
Total assets less current liabilities |  | 180,210 | 202,586
Creditors: Amounts falling due after more than one year | 8 | (13,441) | (16,962)
Provisions for liabilities |  | (21,875) | (30,045)
Net assets |  | 144,894 | 155,579
Capital and reserves |  |  |
Called up share capital | 9 | 3 | 3
Retained earnings |  | 144,891 | 155,576
Shareholders' funds |  | 144,894 | 155,579

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Ian Davidson Fabrication Ltd

(Registration number: NI616349)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:

......................................... Mrs Ellen Davidson Director
......................................... Mr Ian Nathaniel Davidson Director

Ian Davidson Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 3 Stewartstown Drive, Belfast Road, Larne, BT40 2PL.

These financial statements were authorised for issue by the Board on 4 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Ian Davidson Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss,
except that a change attributable to an item of income or expense recognised as other comprehensive
income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted
or substantively enacted by the reporting date in the countries where the company operates and
generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits
reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & machinery | 20% reducing balance
Fixtures, fittings and office equipment | 20% reducing balance
Turbine & buildings | 20% reducing balance
Motor vehicles | 20% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Ian Davidson Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Ian Davidson Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 6,117 | 6,474

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 10,000 | 10,000
At 31 March 2025 | 10,000 | 10,000
Amortisation
At 1 April 2024 | 10,000 | 10,000
At 31 March 2025 | 10,000 | 10,000
Carrying amount
At 31 March 2025 | - | -

Ian Davidson Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Tangible assets

| Turbine and buildings £ | Plant and machinery £ | Fixtures, fittings and office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 144,148 | 25,740 | 2,162 | 31,607 | 203,657
At 31 March 2025 | 144,148 | 25,740 | 2,162 | 31,607 | 203,657
Depreciation
At 1 April 2024 | 28,820 | 18,875 | 1,849 | 28,011 | 77,555
Charge for the year | 2,882 | 1,374 | 63 | 1,798 | 6,117
At 31 March 2025 | 31,702 | 20,249 | 1,912 | 29,809 | 83,672
Carrying amount
At 31 March 2025 | 112,446 | 5,491 | 250 | 1,798 | 119,985
At 31 March 2024 | 115,328 | 6,865 | 313 | 3,596 | 126,102

Ian Davidson Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 37,917 | 42,574
Other debtors | - | 91
| 37,917 | 42,665

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 150 | 1,752
Other creditors & accruals | 8,386 | 13,471
Directors loan account | 50,000 | 50,000
| 58,536 | 65,223

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Directors loan account |  | 13,441 | 16,962

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 3 | 3 | 3 | 3

Ian Davidson Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10 | Related party transactions

The following amount was owed to the directors at 31st March 2025:-

| 2025 £ | 2024 £
Directors current account | 63,441 | 66,962