REGISTERED NUMBER: 07670628

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Project Fabrications (London) UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Goymer

REGISTERED OFFICE:

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

BUSINESS ADDRESS:

Unit 2

Portland Lodge

Brentwood Road

Upminster

Essex

RM143TJ

REGISTERED NUMBER:

07670628

ACCOUNTANTS:

Bracey's Accountants Limited (Edinburgh) Limited

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

FIXED ASSETS

Tangible assets

5

28,364

36,434

CURRENT ASSETS

Stocks

6

1,750

1,750

Debtors

7

556,203

841,553

Cash at bank

1,068,874

1,268,506

1,626,827

2,111,809

CREDITORS

Amounts falling due within one year

8

64,913

57,374

NET CURRENT ASSETS

1,561,914

2,054,435

TOTAL ASSETS LESS CURRENT LIABILITIES

1,590,278

2,090,869

PROVISIONS FOR LIABILITIES

6,876

8,846

NET ASSETS

1,583,402

2,082,023

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,583,302

2,081,923

1,583,402

2,082,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2025 and were signed by:

A Goymer - Director

1.	STATUTORY INFORMATION

Project Fabrications (London) UK Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	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).

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Tangible fixed 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 and machinery

25% Straight line

Office equipment

25% Straight line

Motor vehicles

25% Reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of

business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on a monthly basis. Any adjustment is made accordingly through the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for atleast twelve months after the reporting date. If there is an unconditional right to defer settlement for atleast twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

2,455

61,470

5,472

69,397

Additions

-

-

1,848

1,848

At 30 June 2025

2,455

61,470

7,320

71,245

DEPRECIATION

At 1 July 2024

2,151

27,766

3,046

32,963

Charge for year

220

8,426

1,272

9,918

At 30 June 2025

2,371

36,192

4,318

42,881

NET BOOK VALUE

At 30 June 2025

84

25,278

3,002

28,364

At 30 June 2024

304

33,704

2,426

36,434

6.

STOCKS

2025

2024

£

£

Stocks

1,750

1,750

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

134,060

416,971

Other debtors

34,885

37,920

Retentions

355,975

361,226

VAT

22,440

19,282

Prepayments

8,843

6,154

556,203

841,553

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

60,231

66,452

Amounts owed to group undertakings

706

-

Tax

22

(14,407

)

Social security and other taxes

2,851

3,483

Directors' current accounts

-

743

Accrued expenses

1,103

1,103

64,913

57,374

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Goymer, the director and the shareholder.

10.	SHARE CAPITAL

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

11.

DIVIDENDS

2025

2024

Interim dividend of £892 (2023 - £932) per ordinary share

89,200

93,200

12.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,000 (2023 - £1,000). This is in relation to the business' premises which it leases on a one month rolling contract.

13.	RELATED PARTY TRANSACTIONS

Transactions with the director

At 1 July2024

Advances todirector

Repaymentsby director

At 30 June2025

2025

£

£

£

£

Mr Alan Goymer

(743

)

99,329

(98,612

)

(26

)

2024

At 1 July2023

nces todirector

entsby director

t 30 June2024

£

£

£

£

Mr Alan Goymer

(177

)

102,046

(102,612

)

(743

)

This loan is provided interest free and is repayable on demand.

At the end of the year the compny was owed £445,433 by Project Fab Holdings Limited.