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Registered number: 04649120
Fibre Components Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
MWR Accountants
Chartered Certified Accountants
292 North Road
Cardiff
CF14 3BN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04649120
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 201,302 209,128
201,302 209,128
CURRENT ASSETS
Stocks 5 110,913 120,650
Debtors 6 92,259 116,051
Cash at bank and in hand 106,554 60,095
309,726 296,796
Creditors: Amounts Falling Due Within One Year 7 (214,713 ) (194,123 )
NET CURRENT ASSETS (LIABILITIES) 95,013 102,673
TOTAL ASSETS LESS CURRENT LIABILITIES 296,315 311,801
Creditors: Amounts Falling Due After More Than One Year 8 - (3,294 )
NET ASSETS 296,315 308,507
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 105,000 105,000
Profit and Loss Account 191,215 203,407
SHAREHOLDERS' FUNDS 296,315 308,507
Page 1
Page 2
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr MICHAEL VERPOORTEN
Director
3 June 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fibre Components Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04649120 . The registered office is Factory B26 Ford Road, Treforest Industrial Estate, Pontypridd, Mid Glamorgan, CF37 5TT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold
Plant & Machinery 25%
Motor Vehicles 20%
Fixtures & Fittings 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 7)
7 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2025 170,000 116,435 9,843 296,278
As at 31 January 2026 170,000 116,435 9,843 296,278
Depreciation
As at 1 February 2025 - 80,142 7,008 87,150
Provided during the period - 7,259 567 7,826
As at 31 January 2026 - 87,401 7,575 94,976
Net Book Value
As at 31 January 2026 170,000 29,034 2,268 201,302
As at 1 February 2025 170,000 36,293 2,835 209,128
5. Stocks
2026 2025
£ £
Stock 110,913 120,650
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 92,259 116,051
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 114,701 125,082
Bank loans and overdrafts 360 10,684
Corporation tax 28,427 12,849
Other taxes and social security 1,700 1,691
VAT 42,625 41,917
Accruals and deferred income 1,900 1,900
Directors' loan accounts 25,000 -
214,713 194,123
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 3,294
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 February 2025 105,000 203,407
Profit for the year and total comprehensive income - 86,808
Dividends paid - (99,000)
As at 31 January 2026 105,000 191,215
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