Farrell Fabrications Limited - Filleted accounts

Registered number

03158161

Farrell Fabrications Limited

Filleted Accounts

31 March 2025

Farrell Fabrications Limited
Registered number:		03158161
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		419,837			251,140

Current assets
Stocks		137,842			132,165
Debtors	4	962,512			844,965
Cash at bank and in hand		268,485			552,951
		1,368,839			1,530,081

Creditors: amounts falling due within one year	5	(649,455)			(611,040)

Net current assets			719,384			919,041

Total assets less current liabilities			1,139,221			1,170,181

Creditors: amounts falling due after more than one year	6		(301,779)			(276,848)

Provisions for liabilities			(68,850)			(38,297)


Net assets			768,592			855,036

Capital and reserves
Called up share capital			38,310			38,310
Capital redemption reserve	8		21,325			21,325
Profit and loss account			708,957			795,401

Shareholders' funds			768,592			855,036

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.





Mr J C W Tarling
Director
Approved by the board on 16 December 2025

Farrell Fabrications Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold property			2% straight line
	Plant & Machinery			20% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Work in progress
	Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					26		23


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	84,312		58,749		303,185		446,246
	Additions	-		4,062		280,252		284,314
	Disposals	-		-		(111,030)		(111,030)
	At 31 March 2025	84,312		62,811		472,407		619,530

	Depreciation
	At 1 April 2024	34,737		34,865		125,504		195,106
	Charge for the year	1,686		5,585		59,175		66,446
	On disposals	-		-		(61,859)		(61,859)
	At 31 March 2025	36,423		40,450		122,820		199,693

	Net book value
	At 31 March 2025	47,889		22,361		349,587		419,837
	At 31 March 2024	49,575		23,884		177,681		251,140


4	Debtors					2025		2024
£							£

	Trade debtors					654,246		594,382
	Other debtors					308,266		250,583
						962,512		844,965


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					26,329		12,000
	Obligations under finance lease and hire purchase contracts					78,250		45,577
	Trade creditors					391,011		518,831
	Accruals					6,598		5,583
	Other taxes and social security costs					147,267		29,049
						649,455		611,040


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					122,238		162,808
	Obligations under finance lease and hire purchase contracts					179,541		114,040
						301,779		276,848





7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					71,901		82,130

	Bank loans are secured on the freehold property of the company.


8	Capital redemption reserve					2025		2024
£							£

	At 1 April 2024					21,325		21,325

	At 31 March 2025					21,325		21,325







9	Other information

	Farrell Fabrications Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Wallis Road
	Skippers Lane Industrial Estate
	South Bank
	Middlesbrough

	A&A Shutters is an holding company which owned shares in the company. These shares were
	repurchased on the 28th October 2024.