Advantage Fabrication Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04678253

Advantage Fabrication Limited

Filleted Unaudited Financial Statements

28 February 2026

Advantage Fabrication Limited

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		22,706	26,418

Current assets

Stocks		4,850	14,200
Debtors	6	30,321	46,153
Cash at bank and in hand		5,072	2
		--------	--------
		40,243	60,355

Creditors: amounts falling due within one year	7	35,931		65,018
		--------		--------
Net current assets/(liabilities)			4,312	( 4,663)
			--------	--------
Total assets less current liabilities			27,018	21,755

Creditors: amounts falling due after more than one year	8		20,000	–

Provisions

Taxation including deferred tax	4,314	5,019
	--------	--------
Net assets	2,704	16,736
	--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	2,703	16,735
	-------	--------
Shareholders funds	2,704	16,736
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Advantage Fabrication Limited

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 2 November 2026 , and are signed on behalf of the board by:

Mr L R Taylor
Director

Company registration number: 04678253

Advantage Fabrication Limited

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, Lancashire, LA1 3SW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Tools and Equipment	-	15% reducing balance
Office Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tangible assets

Plant and machinery	Fixtures and fittings	Total
£	£	£

Cost
At 1 March 2025	69,934	5,152	75,086
Additions	295	–	295
	--------	-------	--------
At 28 February 2026	70,229	5,152	75,381
	--------	-------	--------
Depreciation
At 1 March 2025	43,882	4,786	48,668
Charge for the year	3,952	55	4,007
	--------	-------	--------
At 28 February 2026	47,834	4,841	52,675
	--------	-------	--------
Carrying amount
At 28 February 2026	22,395	311	22,706
	--------	-------	--------
At 28 February 2025	26,052	366	26,418
	--------	-------	--------

6. Debtors

	2026	2025
	£	£

Trade debtors	22,973	44,800
Prepayments and accrued income	433	694
Director's loan account	6,624	–
Other debtors	291	659
	--------	--------
	30,321	46,153
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£

Bank loans and overdrafts	19,833	16,934
Trade creditors	11,566	29,236
Accruals and deferred income	3,189	6,046
Corporation tax	1,167	12,200
Social security and other taxes	–	199
Director loan accounts	–	186
Other creditors	176	217
	--------	--------
	35,931	65,018
	--------	--------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£

Bank loans and overdrafts	20,000	–
	--------	----

9. Director's advances, credits and guarantees

The company made a loan to the director in the year, at the year end a balance of £6,624 was due which was repaid by 30th November 2026.