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CONTINENTAL FABRICATIONS LTD - Company Information

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Continental Fabrications Ltd

Registered Number:12307974

For the year ended 30 November 2023

England and Wales

Unaudited Financial Statements

For the year ended 30 November 2023

Continental Fabrications Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

12307974

As at 30 November 2023

Continental Fabrications Ltd

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

145,489

175,629

145,489

175,629

Current assets

Inventories

190,751

269,096

Trade and other receivables

274,044

348,928

107,275

Cash and cash equivalents

454,809

1,072,833

572,070

Trade and other payables: amounts falling due within one

year

(523,624)

(534,954)

48,446

537,879

Net current assets

Total assets less current liabilities

683,368

224,075

Trade and other payables: amounts falling due after more

than one year

(25,655)

(15,785)

(36,380)

(33,380)

Provisions for liabilities

631,203

Net assets

165,040

Capital and reserves

Called up share capital

100

Retained earnings

631,103

164,940

631,203

165,040

Shareholders' funds

For the year ended 30 November 2023 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

B J North Director

These financial statements were approved and authorised for issue by the Board on 09 February 2024 and were signed by:

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Registered Number :

12307974

For the year ended 30 November 2023

Continental Fabrications Ltd

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 30 November 2023

Continental Fabrications Ltd

Notes to the Financial Statements

Statutory Information

Continental Fabrications Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 12307974.

Registered address:

Spring Garden Mill

New Street

Milnsbridge

Huddersfield

HD3 4LN

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Reducing balance

25% Reducing balance

Motor Vehicles

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Inventories

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

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.

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For the year ended 30 November 2023

Continental Fabrications Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Motor

Vehicles

Plant and

Machinery

Cost or

valuation

At 01 December 2022

324,768

31,028

293,740

At 30 November 2023

293,740

31,028

324,768

Provision for depreciation and impairment

At 01 December 2022

149,139

10,181

138,958

Charge for year

30,140

4,343

25,797

At 30 November 2023

179,279

14,524

164,755

At 30 November 2023

Net book value

128,985

16,504

145,489

At 30 November 2022

154,782

20,847

175,629

3. Inventories

2022

2023

Stocks

269,096

190,751

4. Trade and other receivables

2022

2023

Trade debtors

336,571

240,531

Prepayments and accrued income

12,357

9,213

Taxation and social security

24,300

274,044

348,928

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For the year ended 30 November 2023

Continental Fabrications Ltd

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2022

2023

Bank loans and overdraft

10,000

Trade creditors

339,962

146,732

Taxation and social security

136,152

13,557

Accruals and deferred income

5,497

6,992

Directors' loan accounts

175

41,343

Other creditors

43,168

305,000

534,954

523,624

6. Trade and other payables: amounts falling due after more than one year

2022

2023

Bank loans and overdraft

15,785

25,655

7. Average number of persons employed

During the year the average number of employees was 13 (2022 : 13)

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