WFP Fabrications Limited - Filleted accounts

Registered number

05904236

WFP Fabrications Limited

Filleted Accounts

31 August 2025

WFP Fabrications Limited
Registered number:		05904236
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		15,634			11,996

Current assets
Stocks		96,750			96,000
Debtors	4	266,076			473,695
Cash at bank and in hand		118,206			35,668
		481,032			605,363

Creditors: amounts falling due within one year	5	(372,535)			(394,125)

Net current assets			108,497			211,238

Total assets less current liabilities			124,131			223,234

Creditors: amounts falling due after more than one year	6		(22,671)			(103,073)

Provisions for liabilities			(2,225)			(2,225)


Net assets			99,235			117,936

Capital and reserves
Called up share capital			100			100
Profit and loss account			99,135			117,836

Shareholders' funds			99,235			117,936

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.




Matt Holmes
Director
Approved by the board on 5 February 2026

WFP Fabrications Limited
Notes to the Accounts
for the year ended 31 August 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.

	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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2024	169,917		-		169,917
	Additions	-		7,250		7,250
	At 31 August 2025	169,917		7,250		177,167

	Depreciation
	At 1 September 2024	157,921		-		157,921
	Charge for the year	1,799		1,813		3,612
	At 31 August 2025	159,720		1,813		161,533

	Net book value
	At 31 August 2025	10,197		5,437		15,634
	At 31 August 2024	11,996		-		11,996


4	Debtors			2025		2024
£					£

	Trade debtors			266,033		473,652
	Other debtors			43		43
				266,076		473,695

	Amounts due after more than one year included above			26,983		26,983


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

	Trade creditors			232,582		258,958
	Taxation and social security costs			108,483		101,729
	Directors Loan Account			347		102
	Other creditors			31,123		33,336
				372,535		394,125


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

	Bank loans			22,671		103,073


7	Controlling party

	The company is controlled by the director M Holmes


8	Other information

	WFP Fabrications Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Lows Lane
	Stanton By Dale
	Ilkeston
	Derbyshire
	DE7 4QU