0 false false false false false false false false false true false false false false false false No description of principal activity 2020-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,049 1,049 146 146 903 172 172 xbrli:pure xbrli:shares iso4217:GBP 9880869 2020-12-01 2021-11-30 9880869 2021-11-30 9880869 2020-11-30 9880869 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 9880869 bus:Director1 2020-12-01 2021-11-30 9880869 core:WithinOneYear 2021-11-30 9880869 core:WithinOneYear 2020-11-30 9880869 core:DeferredTaxation 2020-12-01 2021-11-30 9880869 core:ShareCapital 2021-11-30 9880869 core:ShareCapital 2020-11-30 9880869 core:RetainedEarningsAccumulatedLosses 2021-11-30 9880869 core:RetainedEarningsAccumulatedLosses 2020-11-30 9880869 core:AcceleratedTaxDepreciationDeferredTax 2021-11-30 9880869 core:DeferredTaxation 2021-11-30 9880869 bus:SmallEntities 2020-12-01 2021-11-30 9880869 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 9880869 bus:FullAccounts 2020-12-01 2021-11-30 9880869 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 9880869 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 9880869 bus:OrdinaryShareClass1 2021-11-30 9880869 bus:OrdinaryShareClass1 2020-11-30 9880869 core:ComputerEquipment 2020-12-01 2021-11-30 9880869 core:ComputerEquipment 2021-11-30
COMPANY REGISTRATION NUMBER: 9880869
A FABBRONI INSPECTION LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2021
A FABBRONI INSPECTION LTD
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2021
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
A FABBRONI INSPECTION LTD
STATEMENT OF FINANCIAL POSITION
30 November 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
903
CURRENT ASSETS
Debtors
5
1,074
Cash at bank and in hand
41,234
74
---------
-------
41,234
1,148
CREDITORS: amounts falling due within one year
6
17,056
4,175
---------
-------
NET CURRENT ASSETS/(LIABILITIES)
24,178
( 3,027)
---------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
25,081
( 3,027)
PROVISIONS
Taxation including deferred tax
7
172
---------
-------
NET ASSETS/(LIABILITIES)
24,909
( 3,027)
---------
-------
A FABBRONI INSPECTION LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2021
2021
2020
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
9
100
100
Profit and loss account
24,809
( 3,127)
---------
-------
SHAREHOLDER FUNDS/(DEFICIT)
24,909
( 3,027)
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 August 2022 , and are signed on behalf of the board by:
Mr A Fabbroni
Director
Company registration number: 9880869
A FABBRONI INSPECTION LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Manor Terrace, Bradford, West Yorkshire, BD2 3DA.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received for services rendered, net of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. TANGIBLE ASSETS
Equipment
Total
£
£
Cost
At 1 December 2020
Additions
1,049
1,049
-------
-------
At 30 November 2021
1,049
1,049
-------
-------
Depreciation
At 1 December 2020
Charge for the year
146
146
-------
-------
At 30 November 2021
146
146
-------
-------
Carrying amount
At 30 November 2021
903
903
-------
-------
At 30 November 2020
-------
-------
5. DEBTORS
2021
2020
£
£
Corporation tax repayable
1,074
----
-------
6. CREDITORS: amounts falling due within one year
2021
2020
£
£
Accruals and deferred income
696
672
Corporation tax
6,307
Director loan accounts
10,053
3,503
---------
-------
17,056
4,175
---------
-------
7. PROVISIONS
Deferred tax (note 8)
£
At 1 December 2020
Additions
172
----
At 30 November 2021
172
----
8. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2021
2020
£
£
Included in provisions (note 7)
172
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2021
2020
£
£
Accelerated capital allowances
172
----
----
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2021
2020
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the directors had an unsecured interest free loan with the company. The directors' loan account was in credit throughout the year and is repayable on demand.