REGISTERED NUMBER: 07954506 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

K.L.F. FABRICATION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A F Goddard

REGISTERED OFFICE:

C/O Nigel B Butler Ltd

Basepoint Business Centre

Rivermead Drive

Swindon

Wiltshire

SN5 7EX

REGISTERED NUMBER:

07954506 (England and Wales)

ACCOUNTANTS:

Nigel B Butler Limited

Basepoint Business Centre

Rivermead Drive

Swindon

Wiltshire

SN5 7EX

BANKERS:

Santander

FIXED ASSETS

Tangible assets

4

261,889

302,605

CURRENT ASSETS

Debtors

111,603

83,618

Cash at bank

2,293

30,496

113,896

114,114

CREDITORS

Amounts falling due within one year

181,021

173,974

NET CURRENT LIABILITIES

(67,125

)

(59,860

)

TOTAL ASSETS LESS CURRENT LIABILITIES

194,764

242,745

CREDITORS

Amounts falling due after more than one year

(150,246

)

(162,355

)

PROVISIONS FOR LIABILITIES

(44,516

)

(51,917

)

NET ASSETS

2

28,473

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

-

28,471

SHAREHOLDERS' FUNDS

2

28,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 August 2026 and were signed by:

A F Goddard - Director

1.	STATUTORY INFORMATION

K.L.F. Fabrication Limited 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

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

and 28 February 2025

492,385

DEPRECIATION

At 1 March 2024

189,780

Charge for year

40,716

At 28 February 2025

230,496

NET BOOK VALUE

At 28 February 2025

261,889

At 29 February 2024

302,605

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

Totals

£

COST

At 1 March 2024

and 28 February 2025

275,485

DEPRECIATION

At 1 March 2024

70,291

Charge for year

22,199

At 28 February 2025

92,490

NET BOOK VALUE

At 28 February 2025

182,995

At 29 February 2024

205,194

5.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Hire purchase contracts

147,997

216,795

Bank loan

13,632

35,000

161,629

251,795

The bank loan is secured by a personal guarantee of the director Mr A Goddard.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

Mrs K L Francome and A F Goddard

Balance outstanding at start of year

13,819

13,819

Amounts advanced

34,382

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,201

13,819

The director, Mr A Goddard, has provided a personal guarantee on a bank loan to the company. The amount outstanding as at 28 February 2025 was £13,632 (2024 - £35,000).

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £47,657 (2024 - £74,972) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A F Goddard.