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Registration number: 04477439

Western Fabrications Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

Western Fabrications Limited

Contents

Balance Sheet | 1 to 2
Notes to the Financial Statements | 3 to 8

Western Fabrications Limited

(Registration number: 04477439)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 68,605 | 55,459
Current assets |  |  |
Stocks | 5 | 86,322 | 84,222
Debtors | 6 | 222,267 | 268,150
Cash at bank and in hand |  | 57,697 | 156,909
|  | 366,286 | 509,281
Creditors: Amounts falling due within one year | 7 | (181,039) | (224,675)
Net current assets |  | 185,247 | 284,606
Total assets less current liabilities |  | 253,852 | 340,065
Provisions for liabilities |  | (16,892) | (13,576)
Net assets |  | 236,960 | 326,489
Capital and reserves |  |  |
Called up share capital |  | 202 | 202
Retained earnings |  | 236,758 | 326,287
Shareholders' funds |  | 236,960 | 326,489

Western Fabrications Limited

(Registration number: 04477439)
Balance Sheet as at 30 September 2025

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2026 and signed on its behalf by:

C Norris Director | H Sinclair Director |

Western Fabrications Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Venture Way
Priorswood Trading Estate
Taunton
Somerset
TA2 8DG

These financial statements were authorised for issue by the Board on 26 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Western Fabrications Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Going concern

The accounts have been prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Contract revenue recognition

When the outcome of contract can be estimated reliably, the company recognises contract revenue and contract costs associated with the contract as revenue and expenses respectively by reference to the stage of completion of the contract activity at the end of the reporting period.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% reducing balance
Furniture, fittings and equipment | 15% reducing balance and 20% straight line
Motor vehicles | 20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Western Fabrications Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

A dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Western Fabrications Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 22 (2024 - 22).

Western Fabrications Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 35,942 | 196,409 | 89,470 | 321,821
Additions | 2,400 | 28,321 | - | 30,721
Disposals | - | (6,165) | - | (6,165)
At 30 September 2025 | 38,342 | 218,565 | 89,470 | 346,377
Depreciation
At 1 October 2024 | 29,305 | 174,982 | 62,075 | 266,362
Charge for the year | 5,238 | 3,072 | 5,479 | 13,789
Eliminated on disposal | - | (2,379) | - | (2,379)
At 30 September 2025 | 34,543 | 175,675 | 67,554 | 277,772
Carrying amount
At 30 September 2025 | 3,799 | 42,890 | 21,916 | 68,605
At 30 September 2024 | 6,637 | 21,427 | 27,395 | 55,459

5 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 64,697 | 60,462
Work in progress | 21,625 | 23,760
| 86,322 | 84,222

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 211,842 | 242,039
Amounts due from related parties | 9 | 2,292 | -
Other debtors |  | 13 | 13
Prepayments |  | 8,120 | 9,909
Gross amount due from customers for contract work |  | - | 16,189
|  | 222,267 | 268,150

Western Fabrications Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Loans and borrowings |  | 9,422 | -
Trade creditors |  | 64,846 | 128,217
Amounts due to related parties | 9 | 20,000 | -
Social security and other taxes |  | 64,781 | 64,111
Other creditors |  | 5,070 | 3,573
Accruals |  | 5,766 | 16,207
Deferred income |  | 11,154 | 12,567
|  | 181,039 | 224,675

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £223,968 (2024 - £279,960).

9 | Related party transactions

Loans to related parties

2025 | Key management £ | Other related parties £ | Total £
Advanced | 181 | 88,897 | 89,078
Repaid | (159) | (86,627) | (86,786)
At end of period | 22 | 2,270 | 2,292

Terms of loans to related parties

Key management includes loans to a director. The loan was interest free and repayable on demand.
During the year, the company advanced a loan to its parent. The loan was interest free and repayable on demand.

Terms of loans from related parties

During the year, one of the directors advanced a loan to the company. The loan was interest free and repayable on demand.