Bond Fabrications Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Bond Fabrications Limited

Company Information

Directors

M J Halliwell M A Halliwell

Registered Office

Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Registered Number

04430287

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Bond Fabrications Limited

(Registration number: 04430287)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	65,312	33,861
Current assets
Stocks		75,204	79,388
Debtors	6	58,291	62,326
Cash at bank and in hand		55,223	80,383
		188,718	222,097
Creditors: Amounts falling due within one year	7	(122,807)	(163,685)
Net current assets		65,911	58,412
Total assets less current liabilities		131,223	92,273
Creditors: Amounts falling due after more than one year	7	(28,611)	(5,838)
Provisions for liabilities		(16,328)	(9,496)
Net assets		86,284	76,939
Capital and reserves
Called up share capital		50,100	50,100
Retained earnings		36,184	26,839
Shareholders' funds		86,284	76,939

Bond Fabrications Limited

(Registration number: 04430287)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 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 May 2026 and signed on its behalf by:
 

......................................... M J Halliwell Director

Bond Fabrications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

These financial statements were authorised for issue by the Board on 26 May 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 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). There have been no material departures from the Financial Reporting Standard 102 1A.

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 Pounds Sterling (£), and are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned members of the group.

Turnover

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.

Bond Fabrications Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current 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 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 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 provided at the following annual rates in order to write off each asset over its estimated useful life:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Furniture, fittings and equipment	20% on cost
Motor vehicles	20% on cost

Goodwill

Goodwill has been amortised over its estimated useful life of five years.

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.

Trade 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.

Bond Fabrications Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value.

The cost of finished goods and work in progress comprises all costs of purchase, 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

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.

Bond Fabrications Limited

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

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 9).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	178,077	178,077
At 31 October 2025	178,077	178,077
Amortisation
At 1 November 2024	178,077	178,077
At 31 October 2025	178,077	178,077
Carrying amount
At 31 October 2025	-	-
At 31 October 2024	-	-

Bond Fabrications Limited

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

5	Tangible assets

	Plant and machinery £	Furniture, fittings and equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	121,255	21,906	19,250	162,411
Additions	28,000	75	21,172	49,247
Disposals	-	-	(18,500)	(18,500)
At 31 October 2025	149,255	21,981	21,922	193,158
Depreciation
At 1 November 2024	93,301	16,299	18,950	128,550
Charge for the year	12,712	2,464	2,620	17,796
Eliminated on disposal	-	-	(18,500)	(18,500)
At 31 October 2025	106,013	18,763	3,070	127,846
Carrying amount
At 31 October 2025	43,242	3,218	18,852	65,312
At 31 October 2024	27,954	5,607	300	33,861

6

Debtors

	2025 £	2024 £
Trade debtors	26,131	31,249
Amounts owed by group undertakings	31,160	30,490
Prepayments	811	587
Other debtors	189	-
	58,291	62,326

Bond Fabrications Limited

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

7

Creditors

Due within one year	Note	2025 £	2024 £
Bank borrowings		21,806	14,274
Trade creditors		45,727	36,488
Amounts owed to related parties	9	584	37
Taxation and social security		4,111	18,503
Accruals and deferred income		47,366	91,419
Other creditors		3,213	2,964
		122,807	163,685

 

	2025 £	2024 £
Due after one year
Bank borrowings	28,611	5,838

Included in bank borrowings is a combined balance of £7,958 (2024 - £20,112) which is guaranteed by the government and unsecured.

Included in bank borrowings is a combined balance of £42,459 (2024 - £NIL) which is guaranteed by the directors and unsecured.

8	Financial commitments, guarantees and contingencies

Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. There were no contributions owing to the pension fund at the reporting date.

Off balance sheet commitments

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £87,076 (2023 - £130,614).

Bond Fabrications Limited

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

9	Related party transactions

Loans to related parties

2024	Key management £	Total £
At start of period	12,064	12,064
Advanced	25,523	25,523
Repaid	(37,587)	(37,587)
At end of period	-	-

Terms of loans to related parties

The loans to key management are repayable on demand and interest is charged at the official HMRC rate.
 

Loans from related parties

2025	Key management £	Total £
At start of period	37	37
Advanced	25,121	25,121
Repaid	(24,574)	(24,574)
At end of period	584	584

2024	Key management £	Total £
Advanced	37	37
At end of period	37	37

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.