CW Fabrications Liverpool Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07611329 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2023

for

CW Fabrications Liverpool Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Charnock

REGISTERED OFFICE:

Unit 4 & 5

Crosby House

Bootle

Liverpool

Merseyside

L20 1AF

REGISTERED NUMBER:

07611329 (England and Wales)

ACCOUNTANTS:

Holland & Co. Chartered Accountants

102/104 Widnes Road

Widnes

Cheshire

WA8 6AX

FIXED ASSETS

Intangible assets

4

12,100

13,200

Tangible assets

5

1,682

3,364

13,782

16,564

CURRENT ASSETS

Stocks

1,000

1,500

Debtors

6

3,023

4,779

Cash at bank

8,095

667

12,118

6,946

CREDITORS

Amounts falling due within one year

7

11,701

8,909

NET CURRENT ASSETS/(LIABILITIES)

417

(1,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,199

14,601

CREDITORS

Amounts falling due after more than one year

8

8,934

14,501

NET ASSETS

5,265

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,165

-

SHAREHOLDERS' FUNDS

5,265

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

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

The financial statements were approved by the director and authorised for issue on 12th January 2024 and were signed by:

F Charnock - Director

1.	STATUTORY INFORMATION

CW Fabrications Liverpool 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2022

and 30th April 2023

22,000

AMORTISATION

At 1st May 2022

8,800

Charge for year

1,100

At 30th April 2023

9,900

NET BOOK VALUE

At 30th April 2023

12,100

At 30th April 2022

13,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2022

and 30th April 2023

8,410

DEPRECIATION

At 1st May 2022

5,046

Charge for year

1,682

At 30th April 2023

6,728

NET BOOK VALUE

At 30th April 2023

1,682

At 30th April 2022

3,364

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Other debtors

3,023

4,779

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Hire purchase contracts

2,173

2,734

Taxation and social security

7,906

4,720

Other creditors

1,622

1,455

11,701

8,909

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Hire purchase contracts

-

2,289

Other creditors

8,934

12,212

8,934

14,501

9.	RELATED PARTY DISCLOSURES

In other creditors, £0 is owing to Mr F Charnock in the form of a directors loan account at the Year Ended 30th April 2023. At the Year Ended 30th April 2022 the balance was £215..

No interest is to be charged on the loans, but they are repayable on demand.