REGISTERED NUMBER: 06601616 (England and Wales)

FABRITEC FURNITURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J J Callow

Miss E M Callow

REGISTERED OFFICE:

Building 1063

Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

BUSINESS ADDRESS:

Regis House

New Road

SHEERNESS

Kent

ME12 1HW

REGISTERED NUMBER:

06601616 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Building 1063

Cornforth Drive

Kent Science Park

Sittingbourne

Kent

ME9 8PX

FIXED ASSETS

Tangible assets

5

1,381,544

1,251,779

Investments

6

1

1

1,381,545

1,251,780

CURRENT ASSETS

Stocks

7

440,601

469,255

Debtors

8

848,497

611,887

Cash at bank and in hand

150,103

109,768

1,439,201

1,190,910

CREDITORS

Amounts falling due within one year

9

881,841

713,768

NET CURRENT ASSETS

557,360

477,142

TOTAL ASSETS LESS CURRENT LIABILITIES

1,938,905

1,728,922

CREDITORS

Amounts falling due after more than one year

10

(367,164

)

(349,473

)

PROVISIONS FOR LIABILITIES

(307,095

)

(214,043

)

NET ASSETS

1,264,646

1,165,406

CAPITAL AND RESERVES

Called up share capital

12

100,000

100,000

Retained earnings

1,164,646

1,065,406

SHAREHOLDERS' FUNDS

1,264,646

1,165,406

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 5 October 2026 and were signed on its behalf by:

Mr J J Callow - Director

1.	STATUTORY INFORMATION

Fabritec Furniture 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

- 25% on reducing balance and straight line over 5 to 20 years

Office equipment

- 15% on reducing balance

Motor vehicles

- 25% on reducing balance and straight line over 5 years

Computer equipment

- straight line over 3 to 10 years

Leasehold improvements

- straight line over 5 years

Government grants

During the year the company received Employment Allowance.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, on a first in first out basis, after making making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

Inventories are also assessed for impairment at each reporting date. Each item of inventory is compared to the last sold date and an impairment loss recognised on a percentage basis in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit and loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2025 - 31 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Office

property

machinery

equipment

£

£

£

COST

At 1 June 2025

19,978

1,969,229

15,501

Additions

12,150

233,671

450

Disposals

-

-

-

At 31 May 2026

32,128

2,202,900

15,951

DEPRECIATION

At 1 June 2025

14,292

765,235

12,738

Charge for year

2,591

106,307

442

Eliminated on disposal

-

-

-

At 31 May 2026

16,883

871,542

13,180

NET BOOK VALUE

At 31 May 2026

15,245

1,331,358

2,771

At 31 May 2025

5,686

1,203,994

2,763

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2025

68,131

52,303

2,125,142

Additions

-

3,000

249,271

Disposals

(24,712

)

-

(24,712

)

At 31 May 2026

43,419

55,303

2,349,701

DEPRECIATION

At 1 June 2025

42,235

38,863

873,363

Charge for year

6,684

3,182

119,206

Eliminated on disposal

(24,412

)

-

(24,412

)

At 31 May 2026

24,507

42,045

968,157

NET BOOK VALUE

At 31 May 2026

18,912

13,258

1,381,544

At 31 May 2025

25,896

13,440

1,251,779

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2025

746,686

43,419

790,105

Additions

210,683

-

210,683

Transfer to ownership

(35,868

)

-

(35,868

)

At 31 May 2026

921,501

43,419

964,920

DEPRECIATION

At 1 June 2025

78,809

17,823

96,632

Charge for year

44,658

6,684

51,342

Transfer to ownership

(10,450

)

-

(10,450

)

At 31 May 2026

113,017

24,507

137,524

NET BOOK VALUE

At 31 May 2026

808,484

18,912

827,396

At 31 May 2025

667,877

25,596

693,473

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2025

and 31 May 2026

1

NET BOOK VALUE

At 31 May 2026

1

At 31 May 2025

1

7.

STOCKS

31.5.26

31.5.25

£

£

Stocks

388,074

355,328

Work-in-progress

39,690

50,625

Finished goods

12,837

63,302

440,601

469,255

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade debtors

500,963

484,876

Other debtors

192,600

-

Corporation tax refund

40,896

-

Prepayments

114,038

127,011

848,497

611,887

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Other loans - less than 1 yr

-

16,667

Hire purchase contracts

168,618

134,545

Trade creditors

495,725

339,280

Other taxes and PAYE taxes

57,605

95,627

Other creditors

4,487

4,222

Factoring account

129,681

101,527

Accruals and deferred income

25,725

21,900

881,841

713,768

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.26

31.5.25

£

£

Hire purchase contracts

367,164

349,473

11.	SECURED DEBTS

Lloyds Bank Plc and Lloyds Bank Commercial Finance Limited hold fixed and floating charges covering all the property or undertaking of the company.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

£

100,000

Ordinary Shares

£1

100,000

100,000

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.26

31.5.25

£

£

Mr J J Callow

Balance outstanding at start of year

-

20,000

Amounts repaid

-

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loan from the company to the director is unsecured, interest free and repayable on demand.

14.	RELATED PARTY DISCLOSURES

During the year the company had the following transactions with businesses associated with Mr J J Callow, a director:

2026

2025

£

£

Rent paid to the Callow Pension Fund

90,000

87,500

Balances at the year end were:

2026

2025

£

£

Owed to Callow Pension Fund

-

9,000

Owed by Callow Pension Fund

3,282

3,282

The above transactions were conducted on normal commercial terms.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J J Callow.

The ultimate controlling party is Mr J J Callow.