REGISTERED NUMBER: 02407664 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Project Fabrications (Newbury) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B A S Andrews

REGISTERED OFFICE:

Oak Apple House

North Street

Milborne Port

Sherborne

DT9 5EW

BUSINESS ADDRESS:

Unit 10 Galloway Centre

Hambridge Lane

Newbury

RG14 5TL

REGISTERED NUMBER:

02407664 (England and Wales)

ACCOUNTANTS:

Silbury Accountants Limited

Chartered Accountants

Oak Apple House

North Street

Milborne Port

Sherborne

DT9 5EW

FIXED ASSETS

Intangible assets

4

-

3,300

Property, plant and equipment

5

14,391

10,417

14,391

13,717

CURRENT ASSETS

Inventories

4,510

3,159

Debtors

6

25,403

23,482

Cash at bank

65,037

66,574

94,950

93,215

CREDITORS

Amounts falling due within one year

7

56,447

34,894

NET CURRENT ASSETS

38,503

58,321

TOTAL ASSETS LESS CURRENT LIABILITIES

52,894

72,038

PROVISIONS FOR LIABILITIES

3,598

2,605

NET ASSETS

49,296

69,433

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

49,294

69,431

SHAREHOLDERS' FUNDS

49,296

69,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2025 and were signed by:

B A S Andrews - Director

1.	STATUTORY INFORMATION

Project Fabrications (Newbury) 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company classifies its financial instruments as basic financial instruments in accordance with Section 11 of FRS 102. Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other payables and loans, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

33,000

AMORTISATION

At 1 May 2024

29,700

Charge for year

3,300

At 30 April 2025

33,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

3,300

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2024

75,094

Additions

7,572

At 30 April 2025

82,666

DEPRECIATION

At 1 May 2024

64,677

Charge for year

3,598

At 30 April 2025

68,275

NET BOOK VALUE

At 30 April 2025

14,391

At 30 April 2024

10,417

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

18,468

14,229

Other debtors

6,935

9,253

25,403

23,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

17,395

10,657

Taxation and social security

11,197

20,859

Other creditors

27,855

3,378

56,447

34,894

8.	LEASING AGREEMENTS

The total amount due under non-cancellable operating leases is £14,175 (2024 £33,075).

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

ordinary

1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

B A S Andrews

Balance outstanding at start of year

707

5,882

Amounts advanced

-

21,063

Amounts repaid

(707

)

(26,238

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

707

R P Andrews

Balance outstanding at start of year

707

5,887

Amounts advanced

-

21,063

Amounts repaid

(707

)

(26,243

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

707

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £23,806 (2024 - £24,000) were paid to the directors .