Good Fabrications Holdings Limited
|
Registered Number
:
11486441
|
For the period ended 30 November 2020
England and Wales
Unaudited Financial Statements
For the period ended 30 November 2020
Good Fabrications Holdings Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Good Fabrications Holdings Limited
Statement of Financial Position
2019
2020
2,914,500
2,914,500
2
2,914,500
2,914,500
483
Cash and cash equivalents
|
442
442
483
Trade and other payables
:
amounts falling due within one year
|
(964,600)
(964,600)
3
(964,117)
(964,158)
Net current liabilities
Total assets less current liabilities
|
1,950,342
1,950,383
Trade and other payables
:
amounts falling due after more than one
|
year
|
(1,491,459)
(1,291,459)
4
658,883
Net assets
458,924
612
612
305,388
305,388
352,883
152,924
658,883
458,924
Shareholders' funds
For the period ended 30 November 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 of its financial statements for the period ended 30 November 2020 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.
|
These financial statements were approved and authorised for issue by the Board on 11 March 2021 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the period ended 30 November 2020
Good Fabrications Holdings Limited
Notes to the Financial Statements
Statutory Information
Good Fabrications Holdings Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
11486441
.
|
Unit 3A, Drakes Farm
Drakes Drive
Long Crendon
Buckinghamshire
HP18 9BA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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
.
|
The financial statements contain information about Good Fabrications Holdings Limited as an individual company and do not
|
contain consolidated financial information as the parent of the group
.
The company is exempt under section
399
(
2
A
)
Companies
|
Act
2006
from the requirement to prepare consolidated financial statements
.
|
The period covered by the financial statements is
1
August
2019
to
30
November
2020
.
The accounting period was extended
|
due to an alignment of the accounting reference date to that of other group companies and the comparative figures are therefore
|
not entirely comparable
.
|
Revenue recognition
Interest and dividends receivable. Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.
|
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand
,
demand deposits with banks and other short
-
term highly liquid
|
investments with original maturities of three months or less and bank overdrafts
.
In the statement of financial position
,
bank
|
overdrafts are shown within borrowings or current liabilities
.
|
Investment in subsidiaries, associates and jointly controlled entities
The company prepares financial statements separate from that of its subsidiary companies
,
associated companies and jointly
|
controlled entities
.
The basis of valuation for these investments is at cost less impairment
.
|
The company claims exemption from preparing consolidated accounts on the basis that it together with its subsidiary company
|
qualifies as a small group
.
|
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event and it is
|
probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated
.
|
2 of 4
For the period ended 30 November 2020
Good Fabrications Holdings Limited
Notes to the Financial Statements Continued
2
.
Investments held as fixed assets
|
Shares in group and participating interests
|
2,914,500
2,914,500
2,914,500
2,914,500
2,914,500
2,914,500
2,914,500
2,914,500
3
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Amounts owed to group undertaking and undertaking in which the company
|
has a participating interest
|
764,600
764,600
200,000
200,000
964,600
964,600
4
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
1,291,459
1,491,459
Analysis of creditors falling due after more than five years
:
|
491,459
691,459
5
.
Guarantees and other financial commitments
|
Other financial commitments
|
On
28
August
2018
the company acquired the entire share capital of Good Fabrications Limited for a total consideration of
|
£
2
,
914
,
500
.
An initial payment of £
750
,
000
was made with the balance to be paid by annual instalments
.
This liability is
|
included on the statement of financial position within other creditors and the total amount outstanding at the year ended
|
amounted to £
1
,
491
,
459
(
2109
:
£
1
,
691
,
459
)
;
of this amount £
491
,
459
(
2019
:
£
691
,
459
)
is repayable after more than
5
years
.
|
3 of 4
For the period ended 30 November 2020
Good Fabrications Holdings Limited
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 0
4 of 4