Registration number: SC375593

A S Fabrication Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

A S Fabrication Ltd

(Registration number: SC375593)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	180,644	124,451
Current assets
Stocks	5	34,387	32,750
Debtors	6	79,919	135,108
Cash at bank and in hand		116,327	39,805
		230,633	207,663
Creditors: Amounts falling due within one year	7	(176,856)	(171,826)
Net current assets		53,777	35,837
Total assets less current liabilities		234,421	160,288
Creditors: Amounts falling due after more than one year	7	(39,337)	(26,483)
Provisions for liabilities		(39,635)	(17,674)
Net assets		155,449	116,131
Capital and reserves
Called up share capital		100	100
Retained earnings		155,349	116,031
Shareholders' funds		155,449	116,131

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 Director acknowledges his 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 Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 28 April 2026
 

A S Fabrication Ltd

(Registration number: SC375593)
Statement of Financial Position as at 31 July 2025 (continued)

......................................... Mr A Stewart Director

A S Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Wellbank Mains Farm
Wellbank
By Dundee
Angus
DD5 3QE
Scotland

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 currency of the entity.

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 sales/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.

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.

A S Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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	20% reducing balance
Motor vehicles	25% reducing balance
Equipment	25% 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 inventories 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.

A S Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 16 (2024 - 11).

A S Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 August 2024	7,286	278,977	11,760	172,974
Additions	-	26,400	3,108	60,841
Disposals	-	(23,509)	(8,784)	-
At 31 July 2025	7,286	281,868	6,084	233,815
Depreciation
At 1 August 2024	3,785	205,380	9,190	128,191
Charge for the year	875	15,268	1,199	12,179
Eliminated on disposal	-	(19,714)	(7,944)	-
At 31 July 2025	4,660	200,934	2,445	140,370
Carrying amount
At 31 July 2025	2,626	80,934	3,639	93,445
At 31 July 2024	3,501	73,597	2,570	44,783

	Total £
Cost or valuation
At 1 August 2024	470,997
Additions	90,349
Disposals	(32,293)
At 31 July 2025	529,053
Depreciation
At 1 August 2024	346,546
Charge for the year	29,521
Eliminated on disposal	(27,658)
At 31 July 2025	348,409
Carrying amount
At 31 July 2025	180,644
At 31 July 2024	124,451

A S Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4	Tangible assets (continued)

5

Stocks

	2025 £	2024 £
Raw materials and consumables	8,532	8,126
Work in progress	25,855	24,624
	34,387	32,750

6

Debtors

Current	2025 £	2024 £
Trade debtors	69,109	135,108
Other debtors	10,810	-
	79,919	135,108

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		25,375	22,117
Trade creditors		67,859	46,386
Taxation and social security		24,629	12,514
Accruals and deferred income		3,969	3,780
Other creditors		55,024	87,029
		176,856	171,826

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		39,337	26,483

A S Fabrication Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

8

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £430.56 per each Ordinary share A		40,904		40,904
Final dividend of £7,595.40 (2024 - £7,959.20) per each Ordinary share B		39,797		39,796
		80,701		80,700