Company Registration No. 04975330 (England and Wales)
Wilby Fabrications Limited
Unaudited accounts
for the year ended 31 March 2020
Wilby Fabrications Limited
Unaudited accounts
Contents
Wilby Fabrications Limited
Company Information
for the year ended 31 March 2020
Company Number
04975330 (England and Wales)
Registered Office
UNIT 6 STATION FARM DENTON ROAD
HORTON
NORTHAMPTON
NN7 2BG
ENGLAND
Accountants
Kate Brown
The Annexe, Rectory Farm
Cranford Road
Great Addington, Kettering
Northants
NN14 4BQ
Wilby Fabrications Limited
Statement of financial position
as at
31 March 2020
Tangible assets
5,497
8,246
Inventories
25,000
25,000
Cash at bank and in hand
(7,057)
(8,129)
Creditors: amounts falling due within one year
(22,354)
(24,980)
Net current assets
3,717
4,484
Total assets less current liabilities
9,214
12,730
Creditors: amounts falling due after more than one year
(9,096)
(12,194)
Called up share capital
1
1
Profit and loss account
117
535
Shareholders' funds
118
536
For the year ending 31 March 2020 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 January 2021 and were signed on its behalf by
N Wilby
Director
Company Registration No. 04975330
Wilby Fabrications Limited
Notes to the Accounts
for the year ended 31 March 2020
Wilby Fabrications Limited is a private company, limited by shares, registered in England and Wales, registration number 04975330. The registered office is UNIT 6 STATION FARM DENTON ROAD, HORTON, NORTHAMPTON, NN7 2BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Wilby Fabrications Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2019
48,371
10,995
59,366
At 31 March 2020
48,371
10,995
59,366
At 1 April 2019
48,371
2,749
51,120
Charge for the year
-
2,749
2,749
At 31 March 2020
48,371
5,498
53,869
At 31 March 2020
-
5,497
5,497
At 31 March 2019
-
8,246
8,246
Finished goods
25,000
25,000
Trade debtors
4,346
7,703
Other debtors
3,782
4,890
7
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
1,095
5,701
Trade creditors
20,542
21,729
Taxes and social security
717
(2,450)
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
9,096
12,194
9
Average number of employees
During the year the average number of employees was 1 (2019: 1).