We-Fab Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12320283

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		106,815		133,711

			106,815		133,711
CURRENT ASSETS
Debtors	5	173,004		177,519
Cash at bank and in hand		266,586		244,979

		439,590		422,498
Creditors: Amounts Falling Due Within One Year	6	(276,698 )		(332,459 )

NET CURRENT ASSETS (LIABILITIES)			162,892		90,039

TOTAL ASSETS LESS CURRENT LIABILITIES			269,707		223,750

Creditors: Amounts Falling Due After More Than One Year	7		(206,208 )		(200,344 )

NET ASSETS			63,499		23,406

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			63,399		23,306

SHAREHOLDERS' FUNDS			63,499		23,406

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We-Fab Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 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 C B Sweet

Director

9 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

We-Fab Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12320283 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from 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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	25% Reducing balance
Motor Vehicles	20% Reducing balance
Computer Equipment	25% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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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We-Fab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	50,300	168,880	13,169	232,349
Additions	-	-	1,026	1,026

As at 30 November 2025	50,300	168,880	14,195	233,375

Depreciation
As at 1 December 2024	36,754	53,618	8,266	98,638
Provided during the period	3,388	23,052	1,482	27,922

As at 30 November 2025	40,142	76,670	9,748	126,560

Net Book Value
As at 30 November 2025	10,158	92,210	4,447	106,815

As at 1 December 2024	13,546	115,262	4,903	133,711

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	90,162	100,204
Prepayments and accrued income	74,451	75,072
VAT	8,391	2,243

	173,004	177,519

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We-Fab Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	24,347	24,347
Trade creditors	84,685	134,855
Bank loans and overdrafts	90,507	100,555
Corporation tax	57,380	11,670
Other taxes and social security	1,976	1,313
Other creditors	7,201	9,117
Directors' loan accounts	10,602	50,602

	276,698	332,459

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	66,416	90,762
Bank loans	139,792	109,582

	206,208	200,344

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	24,347	24,347
Later than one year and not later than five years	66,416	90,762

	90,763	115,109

	90,763	115,109

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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