| Fabricon Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Fabricon Limited for the period ended 29 June 2013 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Fabricon Limited for the period ended 29 June 2013 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Fabricon Limited, as a body, in accordance with the terms of our engagement letter dated 2 October 2013. Our work has been undertaken solely to prepare for your approval the accounts of Fabricon Limited and state those matters that we have agreed to state to the Board of Directors of Fabricon Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fabricon Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Fabricon Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fabricon Limited. You consider that Fabricon Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the accounts of Fabricon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Telford Associates Limited |
| Chartered Accountants |
| The Mount |
| Barrow Hill |
| Sellindge |
| Kent |
| TN25 6JQ |
|
| 3 October 2014 |
|
| Fabricon Limited |
| Registered number: |
01503114 |
| Abbreviated Balance Sheet |
| as at 29 June 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
170,110 |
|
|
162,610 |
|
| Current assets |
| Stocks |
|
|
194,353 |
|
|
184,466 |
| Debtors |
|
|
337,551 |
|
|
362,008 |
| Cash at bank and in hand |
|
|
9,918 |
|
|
4,568 |
|
|
|
541,822 |
|
|
551,042 |
|
| Creditors: amounts falling due within one year |
|
|
(324,964) |
|
|
(403,646) |
|
| Net current assets |
|
|
|
216,858 |
|
|
147,396 |
|
| Net assets |
|
|
|
386,968 |
|
|
310,006 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
10,000 |
|
|
10,000 |
| Profit and loss account |
|
|
|
376,968 |
|
|
300,006 |
|
| Shareholders' funds |
|
|
|
386,968 |
|
|
310,006 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mrs S Smith |
| Director |
| Approved by the board on 3 October 2014 |
|
| Fabricon Limited |
| Notes to the Abbreviated Accounts |
| for the period ended 29 June 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% straight line |
|
Motor vehicles |
25% straight line |
|
|
Stocks |
|
Work in progress is valued based on direct costs plus attributable overheads. Provision is made for losses where appropriate. No element of profit is included in the valuation. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2012 |
542,999 |
|
Additions |
10,000 |
|
At 29 June 2013 |
552,999 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2012 |
380,389 |
|
Charge for the period |
2,500 |
|
At 29 June 2013 |
382,889 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 June 2013 |
170,110 |
|
At 30 June 2012 |
162,610 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
10,000 |
|
10,000 |
|
10,000 |
|
|
|
|
|
|
|
|
|
