REGISTERED NUMBER: 10898125 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Finest Fabrication Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Barnes

A Barnes

C Bluck

SECRETARY:

S L Barnes

REGISTERED OFFICE:

Unit 1 Barfore Court

St Clements Road

Birmingham

B7 5AF

REGISTERED NUMBER:

10898125 (England and Wales)

ACCOUNTANTS:

Clover Chartered Certified Accountants

6 Trinity Place

Midland Drive

Sutton Coldfield

West Midlands

B72 1TX

FIXED ASSETS

Tangible assets

4

415,998

206,985

CURRENT ASSETS

Debtors

5

702,403

549,366

Cash at bank

239,792

437,411

942,195

986,777

CREDITORS

Amounts falling due within one year

6

(352,191

)

(269,456

)

NET CURRENT ASSETS

590,004

717,321

TOTAL ASSETS LESS CURRENT LIABILITIES

1,006,002

924,306

CREDITORS

Amounts falling due after more than one year

7

(298,555

)

(134,824

)

NET ASSETS

707,447

789,482

CAPITAL AND RESERVES

Called up share capital

8

82

82

Retained earnings

707,365

789,400

SHAREHOLDERS' FUNDS

707,447

789,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 February 2026 and were signed on its behalf by:

S L Barnes - Director

C Bluck - Director

A Barnes - Director

1.	STATUTORY INFORMATION

Finest Fabrication Ltd 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

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

443,021

Additions

303,115

Disposals

(15,181

)

At 31 August 2025

730,955

DEPRECIATION

At 1 September 2024

236,036

Charge for year

84,315

Eliminated on disposal

(5,394

)

At 31 August 2025

314,957

NET BOOK VALUE

At 31 August 2025

415,998

At 31 August 2024

206,985

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2024

245,240

Additions

273,200

Disposals

(2,800

)

At 31 August 2025

515,640

DEPRECIATION

At 1 September 2024

73,759

Charge for year

38,324

Eliminated on disposal

(1,680

)

At 31 August 2025

110,403

NET BOOK VALUE

At 31 August 2025

405,237

At 31 August 2024

171,481

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

498,451

348,944

Other debtors

203,952

200,422

702,403

549,366

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

7,500

17,500

Hire purchase contracts

86,460

46,707

Trade creditors

184,609

60,998

Taxation and social security

69,802

140,392

Other creditors

3,820

3,859

352,191

269,456

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

298,555

134,824

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

1

82

82