Andover Fabrications Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04882701

Andover Fabrications Limited

Filleted Unaudited Financial Statements

31 December 2024

Andover Fabrications Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		148,182	156,171

Current assets

Stocks		300	300
Debtors	6	65,494	314,395
Cash at bank and in hand		247,654	75,601
		---------	---------
		313,448	390,296

Creditors: amounts falling due within one year	7	137,379		168,310
		---------		---------
Net current assets			176,069	221,986
			---------	---------
Total assets less current liabilities			324,251	378,157

Creditors: amounts falling due after more than one year	8		78,717	108,719

Provisions

Taxation including deferred tax	4,858	4,288
	---------	---------
Net assets	240,676	265,150
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	240,576	265,050
	---------	---------
Shareholders funds	240,676	265,150
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Andover Fabrications Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

J Patel
Director

Company registration number: 04882701

Andover Fabrications Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	4% straight line
Plant & machinery	-	15% straight line
Fixtures & fittings	-	33% or 15% Straight line
Motor Vehicles	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 6 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	259,995	88,177	6,383	33,960	388,515
Additions	–	14,664	1,832	–	16,496
	---------	---------	-------	--------	---------
At 31 December 2024	259,995	102,841	8,215	33,960	405,011
	---------	---------	-------	--------	---------
Depreciation
At 1 January 2024	134,187	76,194	5,795	16,168	232,344
Charge for the year	10,400	9,459	179	4,447	24,485
	---------	---------	-------	--------	---------
At 31 December 2024	144,587	85,653	5,974	20,615	256,829
	---------	---------	-------	--------	---------
Carrying amount
At 31 December 2024	115,408	17,188	2,241	13,345	148,182
	---------	---------	-------	--------	---------
At 31 December 2023	125,808	11,983	588	17,792	156,171
	---------	---------	-------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	60,538	311,629
Other debtors	4,956	2,766
	--------	---------
	65,494	314,395
	--------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	27,752	26,417
Trade creditors	21,004	75,667
Corporation tax	8,850	31,767
Social security and other taxes	17,081	26,436
Other creditors	62,692	8,023
	---------	---------
	137,379	168,310
	---------	---------

Included within creditors payable within 1 year are secured liabilities of £27,752 (2023: £26,417) related to bank loans and £nil (2023: £700) related to hire purchase agreements.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	78,717	108,719
	--------	---------

Included within creditors: amounts falling due after more than one year is an amount of £26,594 (2023: £31,950) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Included within creditors payable after 1 year are secured liabilities of £78,717 (2023: £108,719) related to bank loans.

9. Directors' advances, credits and guarantees

At the balance sheet date the directors were owed £50,399 (2023: £2,399) by the company.