Flixborough Fabrications Limited - Accounts to registrar - small 17.2

Flixborough Fabrications Limited - Accounts to registrar - small 17.2

FLIXBOROUGH FABRICATIONS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.0.336 04794908 Board of Directors 1.2.16 31.1.17 31.1.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure047949082016-01-31047949082017-01-31047949082016-02-012017-01-31047949082015-01-31047949082015-02-012016-01-31047949082016-01-3104794908ns15:EnglandWales2016-02-012017-01-3104794908ns14:PoundSterling2016-02-012017-01-3104794908ns10:Director12016-02-012017-01-3104794908ns10:PrivateLimitedCompanyLtd2016-02-012017-01-3104794908ns10:SmallEntities2016-02-012017-01-3104794908ns10:AuditExempt-NoAccountantsReport2016-02-012017-01-3104794908ns10:SmallCompaniesRegimeForDirectorsReport2016-02-012017-01-3104794908ns10:SmallCompaniesRegimeForAccounts2016-02-012017-01-3104794908ns10:FullAccounts2016-02-012017-01-3104794908ns10:Director22016-02-012017-01-3104794908ns10:CompanySecretary12016-02-012017-01-3104794908ns10:RegisteredOffice2016-02-012017-01-3104794908ns5:CurrentFinancialInstruments2017-01-3104794908ns5:CurrentFinancialInstruments2016-01-3104794908ns5:Non-currentFinancialInstruments2017-01-3104794908ns5:Non-currentFinancialInstruments2016-01-3104794908ns5:ShareCapital2017-01-3104794908ns5:ShareCapital2016-01-3104794908ns5:RetainedEarningsAccumulatedLosses2017-01-3104794908ns5:RetainedEarningsAccumulatedLosses2016-01-3104794908ns5:LandBuildingsns5:OwnedOrFreeholdAssets2016-02-012017-01-3104794908ns5:FurnitureFittings2016-02-012017-01-3104794908ns5:MotorVehicles2016-02-012017-01-3104794908ns5:LandBuildings2016-01-3104794908ns5:FurnitureFittings2016-01-3104794908ns5:MotorVehicles2016-01-3104794908ns5:LandBuildings2016-02-012017-01-3104794908ns5:LandBuildings2017-01-3104794908ns5:FurnitureFittings2017-01-3104794908ns5:MotorVehicles2017-01-3104794908ns5:LandBuildings2016-01-3104794908ns5:FurnitureFittings2016-01-3104794908ns5:MotorVehicles2016-01-3104794908ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-01-3104794908ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-01-3104794908ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2017-01-3104794908ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2016-01-3104794908ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2017-01-3104794908ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2016-01-3104794908ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-01-3104794908ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2016-01-3104794908ns5:Secured2017-01-3104794908ns5:Secured2016-01-31


REGISTERED NUMBER: 04794908 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2017

for

Flixborough Fabrications Limited

Flixborough Fabrications Limited (Registered number: 04794908)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Flixborough Fabrications Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: J T Barker
K Barker





SECRETARY: K Barker





REGISTERED OFFICE: Sixth Avenue
Flixborough Industrial Estate
Scunthorpe
North Lincolnshire
DN15 8SH





REGISTERED NUMBER: 04794908 (England and Wales)
Page 1
Flixborough Fabrications Limited (Registered number: 04794908)

Balance Sheet
31 January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 251,063 255,742

CURRENT ASSETS
Debtors 5 11,586 9,039
Cash at bank 4,102 1
15,688 9,040
CREDITORS
Amounts falling due within one year 6 60,996 137,575
NET CURRENT LIABILITIES (45,308 ) (128,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
205,755
127,207

CREDITORS
Amounts falling due after more than one
year
7
(49,876
)
(60,568
)

PROVISIONS FOR LIABILITIES (4,715 ) (3,990 )
NET ASSETS 151,164 62,649

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 151,162 62,647
SHAREHOLDERS' FUNDS 151,164 62,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 July 2017 and were signed on its behalf by:





J T Barker - Director


The notes form part of these financial statements

Page 2
Flixborough Fabrications Limited (Registered number: 04794908)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Flixborough Fabrications 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 3 continued...
Flixborough Fabrications Limited (Registered number: 04794908)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2016
and 31 January 2017 283,130 540 1,000 284,670
DEPRECIATION
At 1 February 2016 28,272 406 250 28,928
Charge for year 4,464 27 188 4,679
At 31 January 2017 32,736 433 438 33,607
NET BOOK VALUE
At 31 January 2017 250,394 107 562 251,063
At 31 January 2016 254,858 134 750 255,742

Included in cost of land and buildings is freehold land of £ 60,000 (2016 - £ 60,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 5,586 3,039
Prepayments and accrued income 6,000 6,000
11,586 9,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 7,932 7,304
Trade creditors 387 2,041
Corporation tax 23,411 6,510
Other creditors - 89,472
Directors' current accounts 26,721 30,973
Accrued expenses 2,545 1,275
60,996 137,575

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Bank loans - 1-2 years 7,932 7,304
Bank loans - 2-5 years 23,797 21,913
Bank loans more than 5 years by
instalments
18,147
31,351
49,876 60,568

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments
18,147
31,351

Page 4 continued...
Flixborough Fabrications Limited (Registered number: 04794908)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 57,808 67,872

The bank loans are secured by a debenture charge dated 4 October 2008, over the company's assets.

9. CAPITAL COMMITMENTS

No future capital expenditure has been either authorised by the director or contracted for (2016 - £Nil).

10. RELATED PARTY DISCLOSURES

During the year the company traded with Kim Barker Construction Limited, a company in which the company
directors were also directors. The transactions were at normal commercial rates.

2017 2016
£    £   

Expenses recharged to Kim Barker Construction Limited Nil Nil

Expenses recharged from Kim Barker Construction Limited Nil Nil

Balance payable to Kim Barker Construction Limited as at 31 January Nil (89,472 )

During the year the balance payable to Kim Barker Construction Limited was written off. This was agreed due to
the company being dissolved.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, who hold 100% of the issued share capital.

Page 5