Glamorgan Fabrication Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01163676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

GLAMORGAN FABRICATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J Bowen

A D Bowen

Mrs S J Turton

P A Gilbert

REGISTERED OFFICE:

18 Sturmi Way Village Farm Industrial Es

Pyle

Bridgend

Mid Glamorgan

CF33 6BZ

REGISTERED NUMBER:

01163676 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Tangible assets

4

719,686

639,806

CURRENT ASSETS

Stocks

130,784

114,907

Debtors

5

494,297

268,019

Cash at bank

751,767

1,232,988

1,376,848

1,615,914

CREDITORS

Amounts falling due within one year

6

576,869

856,042

NET CURRENT ASSETS

799,979

759,872

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,519,665

1,399,678

CREDITORS

Amounts falling due after more than one
year

7

(67,189

)

-

PROVISIONS FOR LIABILITIES

(151,846

)

(122,476

)

NET ASSETS

1,300,630

1,277,202

CAPITAL AND RESERVES

Called up share capital

1,852

Share premium

1,665

Retained earnings

1,297,113

1,273,685

1,300,630

1,277,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 21 August 2026 and were signed on its behalf by:

K J Bowen - Director

1.	STATUTORY INFORMATION

Glamorgan 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.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 21 (2025 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2025

78,851

2,294,392

2,373,243

Additions

4,595

273,316

277,911

Disposals

-

(57,496

)

(57,496

)

At 31 January 2026

83,446

2,510,212

2,593,658

DEPRECIATION

At 1 February 2025

31,077

1,702,360

1,733,437

Charge for year

4,173

168,254

172,427

Eliminated on disposal

-

(31,892

)

(31,892

)

At 31 January 2026

35,250

1,838,722

1,873,972

NET BOOK VALUE

At 31 January 2026

48,196

671,490

719,686

At 31 January 2025

47,774

592,032

639,806

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

482,061

246,624

Other debtors

12,236

21,395

494,297

268,019

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Hire purchase contracts (see note 8)

15,696

25,210

Trade creditors

256,003

209,939

Taxation and social security

102,807

108,343

Other creditors

202,363

512,550

576,869

856,042

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Hire purchase contracts (see note 8)

67,189

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

Net obligations repayable:

Within one year

15,696

25,210

Between one and five years

67,189

-

82,885

25,210

Non-cancellable

operating leases

2026

2025

£

Within one year

73,499

Between one and five years

293,999

6,124

367,498

79,623

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Hire purchase contracts

82,885

25,210

Hire purchase agreements are secured on the assets to which they relate

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

K J Bowen

Balance outstanding at start of year

(508,101

)

(312,753

)

Amounts advanced

508,468

19,205

Amounts repaid

(200,000

)

(214,553

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(199,633

)

(508,101

)