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REGISTERED NUMBER: 02888263 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Structural Fabrications Limited

Structural Fabrications Limited (Registered number: 02888263)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Structural Fabrications Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: S S Kang





SECRETARY: S S Kang





REGISTERED OFFICE: 2 Castings Road
Sir Francis Ley Industrial Park South
Derby
DE23 8YL





REGISTERED NUMBER: 02888263 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Structural Fabrications Limited (Registered number: 02888263)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 157,624 133,753
157,624 133,753

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 580,598 763,890
Cash at bank 278,859 122,115
861,957 888,505
CREDITORS
Amounts falling due within one year 7 826,211 780,304
NET CURRENT ASSETS 35,746 108,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,370

241,954

CREDITORS
Amounts falling due after more than one
year

8

(35,340

)

(97,561

)

PROVISIONS FOR LIABILITIES (31,857 ) (31,857 )
NET ASSETS 126,173 112,536

CAPITAL AND RESERVES
Called up share capital 586 586
Share premium 2,482 2,482
Retained earnings 123,105 109,468
SHAREHOLDERS' FUNDS 126,173 112,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Structural Fabrications Limited (Registered number: 02888263)

Balance Sheet - continued
31 January 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:





S S Kang - Director


Structural Fabrications Limited (Registered number: 02888263)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Structural Fabrications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods and services, excluding value added tax, including, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to leasehold property- over the period of the lease
Plant and machinery- 25% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 15% on reducing balance

Pension costs
Contributions payable to pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 18,005
AMORTISATION
At 1 February 2024
and 31 January 2025 18,005
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

Structural Fabrications Limited (Registered number: 02888263)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 81,698 327,364 54,806
Additions - 10,902 -
At 31 January 2025 81,698 338,266 54,806
DEPRECIATION
At 1 February 2024 49,469 314,680 50,468
Charge for year 4,085 4,542 652
At 31 January 2025 53,554 319,222 51,120
NET BOOK VALUE
At 31 January 2025 28,144 19,044 3,686
At 31 January 2024 32,229 12,684 4,338

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 196,274 115,412 775,554
Additions 49,420 884 61,206
At 31 January 2025 245,694 116,296 836,760
DEPRECIATION
At 1 February 2024 141,780 85,404 641,801
Charge for year 23,524 4,532 37,335
At 31 January 2025 165,304 89,936 679,136
NET BOOK VALUE
At 31 January 2025 80,390 26,360 157,624
At 31 January 2024 54,494 30,008 133,753


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 434,736 436,209
Amounts owed by group undertakings - 56
Amounts recoverable on contract 20,000 250,000
Other debtors 87,218 36,115
Owed by related parties 7,852 5,362
Prepayments and accrued income 30,792 36,148
580,598 763,890

Structural Fabrications Limited (Registered number: 02888263)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 133,572
Hire purchase contracts 18,660 9,901
Trade creditors 281,178 267,717
Amounts owed to group undertakings 300,000 -
Tax 130,000 63,000
Social security and other taxes 53,875 261,174
Accruals and deferred income 42,498 44,940
826,211 780,304

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years - 56,000
Bank loans - 2-5 years - 23,334
Hire purchase contracts 35,340 18,227
35,340 97,561

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdraft - 77,572
Bank loans - 135,334
Hire purchase contracts 54,000 28,128
54,000 241,034