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

COMPANY REGISTRATION NUMBER: 03144611

Yorkshire Fabrications Limited

Filleted Unaudited Financial Statements

31 January 2025

Yorkshire Fabrications Limited

Financial Statements

Year ended 31 January 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

Yorkshire Fabrications Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Yorkshire Fabrications Limited

Year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yorkshire Fabrications Limited for the year ended 31 January 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Yorkshire Fabrications Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Yorkshire Fabrications Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Yorkshire Fabrications Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Yorkshire Fabrications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yorkshire Fabrications Limited. You consider that Yorkshire Fabrications Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Yorkshire Fabrications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

15 October 2025

Yorkshire Fabrications Limited

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	965,598	576,181

Current assets

Stocks		–	900
Debtors	6	503,349	812,848
Cash at bank and in hand		1,884,770	1,522,484
		------------	------------
		2,388,119	2,336,232

Creditors: amounts falling due within one year	7	39,069	150,450
		------------	------------
Net current assets		2,349,050	2,185,782
		------------	------------
Total assets less current liabilities		3,314,648	2,761,963

Provisions	94,752	21,546
	------------	------------
Net assets	3,219,896	2,740,417
	------------	------------

Yorkshire Fabrications Limited

Statement of Financial Position (continued)

31 January 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	200	200
Revaluation reserve	539,414	207,766
Capital redemption reserve	100	100
Profit and loss account	2,680,182	2,532,351
	------------	------------
Shareholders funds	3,219,896	2,740,417
	------------	------------

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 statement of comprehensive income has not been delivered.

For the year ending 31 January 2025 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 .

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

Mrs C E Pearson
Director

Company registration number: 03144611

Yorkshire Fabrications Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lyon Works, Lyons Street, Sheffield, South Yorkshire, S4 7QS.

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 and investment properties measured at fair value through profit or loss.

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

Judgements and key sources of estimation uncertainty

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. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, 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.

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:

Tools and equipment	-	25% reducing balance
Office equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 15 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 Feb 2024	490,000	213,337	12,976	104,058	9,467	829,838
Additions	–	–	–	–	2,012	2,012
Disposals	–	–	–	–	( 2,009)	( 2,009)
Revaluations	410,000	–	–	–	–	410,000
	---------	---------	--------	---------	-------	------------
At 31 Jan 2025	900,000	213,337	12,976	104,058	9,470	1,239,841
	---------	---------	--------	---------	-------	------------
Depreciation
At 1 Feb 2024	–	168,000	10,014	69,108	6,535	253,657
Charge for the year	–	11,338	741	8,738	1,442	22,259
Disposals	–	–	–	–	( 1,673)	( 1,673)
	---------	---------	--------	---------	-------	------------
At 31 Jan 2025	–	179,338	10,755	77,846	6,304	274,243
	---------	---------	--------	---------	-------	------------
Carrying amount
At 31 Jan 2025	900,000	33,999	2,221	26,212	3,166	965,598
	---------	---------	--------	---------	-------	------------
At 31 Jan 2024	490,000	45,337	2,962	34,950	2,932	576,181
	---------	---------	--------	---------	-------	------------

Included in freehold property is a value of £900,000 which is attributable to revalued freehold land and buildings. The valuation was provided by the directors at 31 January 2025, on the basis of a report of equal date, by Commercial Property Partners, an appropriately qualified firm of chartered valuation surveyors. This was provided on the basis of open market value. The company has adopted the provisions set out in FRS 102 with regard to these freehold land and buildings. As the report provided gives a specific value during a recent previous year, the directors believe this revalued amount to still be appropriate in the accounts. The directors have chosen not to depreciate the freehold property due to the fact the high residual value of the property would make depreciation immaterial. Deferred tax has been provided in relation to the revaluations.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 January 2025
Aggregate cost	399,779
Aggregate depreciation	(145,529)
	---------
Carrying value	254,250
	---------

At 31 January 2024
Aggregate cost	399,779
Aggregate depreciation	(138,533)
	---------
Carrying value	261,246
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	398,134	789,394
Other debtors	105,215	23,454
	---------	---------
	503,349	812,848
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,359	3,979
Corporation tax	17,705	82,785
Social security and other taxes	13,645	34,083
Other creditors	5,360	29,603
	--------	---------
	39,069	150,450
	--------	---------

8. Directors' advances, credits and guarantees

At the year end date, the following directors were indebted to the company : M Pearson £49,291 (2024: The company was indebted to M Pearson in the sum of £729) C Pearson £49,527 (2024: The company was indebted to C Pearson in the sum of £495) The above balances owing to the company are to be fully settled by the 31st October 2025 and interest has been charged at 3%.

9. Related party transactions

There are no related party transactions that require disclosure.