FIBRE COMPONENTS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04649120

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		209,128		222,171

			209,128		222,171
CURRENT ASSETS
Stocks	5	120,650		135,061
Debtors	6	116,051		122,313
Cash at bank and in hand		60,095		87,226

		296,796		344,600
Creditors: Amounts Falling Due Within One Year	7	(194,123 )		(187,920 )

NET CURRENT ASSETS (LIABILITIES)			102,673		156,680

TOTAL ASSETS LESS CURRENT LIABILITIES			311,801		378,851

Creditors: Amounts Falling Due After More Than One Year	8		(3,294 )		(13,582 )

NET ASSETS			308,507		365,269

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	10		105,000		105,000
Profit and Loss Account			203,407		260,169

SHAREHOLDERS' FUNDS			308,507		365,269

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FIBRE COMPONENTS LIMITED

Balance Sheet (continued)

As At 31 January 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr MICHAEL VERPOORTEN

Director

31 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

FIBRE COMPONENTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04649120 . The registered office is Factory B26 Ford Road, Treforest Industrial Estate, Pontypridd, Mid Glamorgan, CF37 5TT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold
Plant & Machinery	25%
Motor Vehicles	20%
Fixtures & Fittings	25%

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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.

...CONTINUED

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FIBRE COMPONENTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Taxation - continued

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 (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2024	170,000	116,435	9,843	296,278

As at 31 January 2025	170,000	116,435	9,843	296,278

Depreciation
As at 1 February 2024	-	68,044	6,063	74,107
Provided during the period	-	12,098	945	13,043

As at 31 January 2025	-	80,142	7,008	87,150

Net Book Value
As at 31 January 2025	170,000	36,293	2,835	209,128

As at 1 February 2024	170,000	48,391	3,780	222,171

5. Stocks

	2025	2024
	£	£
Stock	120,650	135,061

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	116,051	122,313

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FIBRE COMPONENTS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	125,082	97,244
Bank loans and overdrafts	10,684	10,684
Corporation tax	12,849	26,528
Other taxes and social security	1,691	1,205
VAT	41,917	50,359
Accruals and deferred income	1,900	1,900

	194,123	187,920

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,294	13,582

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Revaluation Reserve
	£
As at 1 February 2024	105,000

As at 31 January 2025	105,000

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