Tubefab Ltd - Filleted accounts

Registered number

07263837

Tubefab Ltd

Filleted Accounts

30 April 2025

Tubefab Ltd
Registered number:		07263837
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		58,613			58,613
Tangible assets	4		194,567			228,898
			253,180			287,511

Current assets
Stocks		20,000			30,000
Debtors	5	82,854			93,744
Cash at bank and in hand		56,073			48,201
		158,927			171,945

Creditors: amounts falling due within one year	6	(220,344)			(256,890)

Net current assets/(liabilities)			(61,417)			(84,945)

Total assets less current liabilities			191,763			202,566

Creditors: amounts falling due after more than one year	7		(17,940)			(71,068)



Net assets/(liabilities)			173,823			131,498

Capital and reserves
Called up share capital			10			10
Profit and loss account			173,813			131,488

Shareholders' funds			173,823			131,498

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.



………………………………
Alan Laycock
Director
Approved by the board on 15 January 2026

Tubefab Ltd
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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery & motor vehicles			15% reducing balance
	Office equipment			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.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		7


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 May 2024							58,613
	At 30 April 2025							58,613

	Amortisation
	At 30 April 2025							-

	Net book value
	At 30 April 2025							58,613
	At 30 April 2024							58,613

	Goodwill is revalued each year end and will be written off over its estimated economic life.


4	Tangible fixed assets
		Office equipment		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	5,752		451,195		28,908		485,855
	Additions	-		190		-		190
	At 30 April 2025	5,752		451,385		28,908		486,045

	Depreciation
	At 1 May 2024	4,166		243,332		9,459		256,957
	Charge for the year	396		31,208		2,917		34,521
	At 30 April 2025	4,562		274,540		12,376		291,478

	Net book value
	At 30 April 2025	1,190		176,845		16,532		194,567
	At 30 April 2024	1,586		207,863		19,449		228,898


5	Debtors					2025		2024
£							£

	Trade debtors					77,453		89,807
	Other debtors					5,401		3,937
						82,854		93,744


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

	Bank loans and overdrafts					9,576		10,000
	Obligations under finance lease and hire purchase contracts					37,832		45,730
	Trade creditors					56,055		93,639
	Corporation tax					41,745		22,729
	Other taxes and social security costs					19,749		10,375
	Directors loan account					53,112		72,871
	Other creditors					2,275		1,546
						220,344		256,890


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

	Bank loans					1,799		11,600
	Obligations under finance lease and hire purchase contracts					16,141		59,468
						17,940		71,068


8	Other information

	Tubefab Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 8
	Sandleheath Industrial Estate
	Fordingbridge
	Hampshire
	SP6 1PA