Summit Engineering Fabrications Limited

Registered number

06870937

Filleted Accounts

30 April 2025

Summit Engineering Fabrications Limited
Registered number:		06870937
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		614,933			370,204

Current assets
Stocks		3,421			3,000
Debtors	4	268,356			213,443
Cash at bank and in hand		92,379			17,881
		364,156			234,324

Creditors: amounts falling due within one year	5	(333,702)			(196,914)

Net current assets			30,454			37,410

Total assets less current liabilities			645,387			407,614

Creditors: amounts falling due after more than one year	6		(71,574)			(5,193)

Net assets			573,813			402,421

Capital and reserves
Called up share capital			20			20
Profit and loss account			573,793			402,401

Shareholders' funds			573,813			402,421

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 A Green
Director
Approved by the board on 15 December 2025

Summit Engineering Fabrications Limited
Notes to the Accounts
for the year ended 30 April 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:

	Property improvements			not depreciated
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	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.

	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.

	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					4		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	22,009		501,443		73,000		596,452
	Additions	-		345,425		16,466		361,891
	At 30 April 2025	22,009		846,868		89,466		958,343

	Depreciation
	At 1 May 2024	-		210,704		15,544		226,248
	Charge for the year	-		100,196		16,966		117,162
	At 30 April 2025	-		310,900		32,510		343,410

	Net book value
	At 30 April 2025	22,009		535,968		56,956		614,933
	At 30 April 2024	22,009		290,739		57,456		370,204


4	Debtors					2025		2024
£							£

	Trade debtors					214,236		182,503
	Other debtors					54,120		30,940
						268,356		213,443


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

	Obligations under finance lease and hire purchase contracts					24,771		27,000
	Trade creditors					244,745		91,631
	Taxation and social security costs					-		16,518
	Other creditors					64,186		61,765
						333,702		196,914


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

	Obligations under finance lease and hire purchase contracts					71,574		5,193


7	Other information

	Summit Engineering Fabrications Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Knight Bottoms Farm
	Green Lane
	Samlesbury
	Preston
	PR5 0RJ