REGISTERED NUMBER: SC225739 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Edinburgh Fabrication Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Fairgrieve

D J King

Mrs A Fairgrieve

Mrs E King

REGISTERED OFFICE:

7A Greendykes Industrial Estate

Broxburn

WEST LOTHIAN

EH52 6PG

REGISTERED NUMBER:

SC225739 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

80,335

94,863

80,335

94,863

CURRENT ASSETS

Stocks

31,488

31,488

Debtors

6

279,425

278,266

Cash at bank

356,617

274,729

667,530

584,483

CREDITORS

Amounts falling due within one year

7

374,257

300,227

NET CURRENT ASSETS

293,273

284,256

TOTAL ASSETS LESS CURRENT LIABILITIES

373,608

379,119

CREDITORS

Amounts falling due after more than one year

8

(46,256

)

(79,426

)

PROVISIONS FOR LIABILITIES

(19,274

)

-

NET ASSETS

308,078

299,693

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

308,070

299,685

308,078

299,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

D Fairgrieve - Director

D J King - Director

1.	STATUTORY INFORMATION

Edinburgh Fabrication Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances

Cash and bank balances are measured at the transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

60,000

AMORTISATION

At 1 January 2024

and 31 December 2024

60,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

314,450

Additions

12,249

At 31 December 2024

326,699

DEPRECIATION

At 1 January 2024

219,587

Charge for year

26,777

At 31 December 2024

246,364

NET BOOK VALUE

At 31 December 2024

80,335

At 31 December 2023

94,863

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

15,909

24,847

Amounts owed by group undertakings

222,463

208,886

PAYE, NIC and CIS

8,027

6,522

VAT

21,898

28,497

Prepayments

2,200

586

270,497

269,338

Amounts falling due after more than one year:

Amounts owed by group undertakings

8,928

8,928

Aggregate amounts

279,425

278,266

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

5,500

82,790

Hire purchase contracts

23,071

31,486

Trade creditors

152,324

152,729

Tax

21,550

24,671

Other creditors

3,017

1,880

Pension creditor

1,780

-

Directors' current accounts

3,700

3,551

Accrued expenses

163,315

3,120

374,257

300,227

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

5,500

5,414

Bank loans - 2-5 years

19,375

30,368

Hire purchase contracts

21,381

43,644

46,256

79,426

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

30,375

35,782

Hire purchase contracts

44,452

75,130

74,827

110,912

Hire purchase contracts are secured over the assets to which they relate.

The bank loan is secured by a bond and floating charge over the whole assets of the company.