Registration number: 07090766

H R Fabrication Limited

(Registration number: 07090766)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	37,761	28,053
Current assets
Stocks		11,600	1,712
Debtors	5	139,421	107,135
Cash at bank and in hand		149,926	19,574
		300,947	128,421
Creditors: Amounts falling due within one year	6	(221,680)	(93,267)
Net current assets		79,267	35,154
Total assets less current liabilities		117,028	63,207
Creditors: Amounts falling due after more than one year	6	(26,338)	(26,542)
Net assets		90,690	36,665
Capital and reserves
Called up share capital		1	1
Retained earnings		90,689	36,664
Shareholders' funds		90,690	36,665

H R Fabrication Limited

(Registration number: 07090766)
Statement of Financial Position as at 31 December 2024

For the financial 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Income Statement.

Approved and authorised by the director on 26 September 2025
 

......................................... Mr C Gray Director

H R Fabrication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 2a Wellmere Road
Leechmere Industrial Estate
Grangetown
Sunderland
SR2 9TE

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.

The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts
in these financial statements are rounded to the nearest £.

Revenue recognition

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Government grants

Grants in respect of capital expenditure are credited to a deferred income account and are released to the Unaudited Profit and Loss Account by equal annual instalments over the expected useful lives of the relevant assets.

Grants or assistance of a revenue nature are credited to the Unaudited Profit and Loss Account in the same period as the related expenditure.

H R Fabrication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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 follows:

Asset class	Depreciation method and rate
Property	20% Straight line
Plant and machinery	20% Straight line
Fixtures and fittings	50% Straight line
Motor Vehicles	20% Straight line
Office equipment	33% Straight line

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.

Leases

Assets held under finance leases and hire purchases 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.

Operating lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

H R Fabrication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

The company operates a defined contribution pension scheme covering a number of its employees. The scheme funds are administered by trustees and the assets of the scheme are held separately from those of the company. The pension costs charged against profits represent the amount of the contributions payable to the scheme in respect of the accounting period.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

H R Fabrication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	300	34,565	5,063	34,482	74,410
Additions	-	-	752	28,995	29,747
Disposals	-	-	-	(14,495)	(14,495)
At 31 December 2024	300	34,565	5,815	48,982	89,662
Depreciation
At 1 January 2024	300	30,119	4,879	11,059	46,357
Charge for the year	-	1,351	195	7,138	8,684
Eliminated on disposal	-	-	-	(3,140)	(3,140)
At 31 December 2024	300	31,470	5,074	15,057	51,901
Carrying amount
At 31 December 2024	-	3,095	741	33,925	37,761
At 31 December 2023	-	4,446	184	23,423	28,053

5

Debtors

Current	2024 £	2023 £
Trade debtors	103,073	57,901
Prepayments	21,692	16,856
Other debtors	14,656	32,378
	139,421	107,135

H R Fabrication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	14,898	10,000
Trade creditors		177,247	46,284
Taxation and social security		792	-
Accruals and deferred income		2,778	2,567
Other creditors		25,965	34,416
		221,680	93,267

Creditors due within 1 year include obligations under hire purchase contracts which are secured on the assets concerned of £4,898 (2023 - £nil).

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	7	26,338	26,542

Creditors due after 1 year include obligations under hire purchase contracts which are secured on the assets concerned of £9,796 (2023 - £nil).

H R Fabrication Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,167	14,167
Hire purchase contracts	9,796	-
Other borrowings	12,375	12,375
	26,338	26,542

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	10,000
Hire purchase contracts	4,898	-
	14,898	10,000

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2024 £	2023 £
Not later than one year	28,000	28,000
Later than one year and not later than five years	35,000	63,000
	63,000	91,000