Company registration number 02807019 (England and Wales)
CONTACT FABRICATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CONTACT FABRICATIONS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Contact Fabrications Limited
CONTACT FABRICATIONS LIMITED
Statement of financial position
as at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
166,724
193,786
Current assets
Stocks
88,377
85,347
Debtors
28,869
82,863
Cash at bank and in hand
26,878
33
144,124
168,243
Creditors: amounts falling due within one year
(139,215)
(154,045)
Net current assets
4,909
14,198
Total assets less current liabilities
171,633
207,984
Creditors: amounts falling due after more than one year
(17,706)
(68,897)
Provisions for liabilities
8
(49,052)
(33,613)
Net assets
104,875
105,474
Capital and reserves
Called up share capital
5
660
600
Profit and loss reserves
104,215
104,874
Total equity
104,875
105,474
Contact Fabrications Limited
CONTACT FABRICATIONS LIMITED
Statement of financial position (CONTINUED)
as at 31 March 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
M H McLaughlin
Director
Company Registration No. 02807019
Contact Fabrications Limited
CONTACT FABRICATIONS LIMITED
Notes to the financial statements
for the year ended 31 March 2025
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the provision of goods.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% on written down value
Fixtures, fittings & equipment
20% on written down value
Motor vehicles
25% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates that have been enacted or substantively enacted by the end of the reporting period.

Contact Fabrications Limited
CONTACT FABRICATIONS LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement equally over the term of the lease.

Government grants
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
178,998
48,925
242,984
470,907
Additions
3,163
8,950
51,217
63,330
Disposals
-
0
-
0
(120,130)
(120,130)
At 31 March 2025
182,161
57,875
174,071
414,107
Depreciation and impairment
At 1 April 2024
119,747
28,310
129,064
277,121
Depreciation charged in the year
9,056
4,720
29,647
43,423
Eliminated in respect of disposals
-
0
-
0
(73,161)
(73,161)
At 31 March 2025
128,803
33,030
85,550
247,383
Carrying amount
At 31 March 2025
53,358
24,845
88,521
166,724
At 31 March 2024
59,251
20,615
113,920
193,786
Contact Fabrications Limited
CONTACT FABRICATIONS LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 31 March 2025
- 5 -
4
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
49,052
33,613
5
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
Ordinary A shares of £1 each
240
240
Ordinary B shares of £1 each
120
120
Ordinary C shares of £1 each
240
240
of 0p each
60
-
0
660
600
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