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Company Registration No. 06792808 (England and Wales)
Fabs Limited Unaudited accounts for the year ended 31 January 2023
Fabs Limited Unaudited accounts Contents
Page
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Fabs Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,938 
8,551 
Current assets
Cash at bank and in hand
4,987 
3,414 
Creditors: amounts falling due within one year
(10,497)
(11,549)
Net current liabilities
(5,510)
(8,135)
Net assets
428 
416 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
427 
415 
Shareholders' funds
428 
416 
For the year ending 31 January 2023 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 28 September 2023 and were signed on its behalf by
Mr Selvamoorthy Kasilingam Director Company Registration No. 06792808
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Fabs Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Fabs Limited is a private company, limited by shares, registered in England and Wales, registration number 06792808. The registered office is 14 Broadwalk, Pinner Road, Harrow, Middlesex, HA2 6ED.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
38,945 
3,200 
42,145 
At 31 January 2023
38,945 
3,200 
42,145 
Depreciation
At 1 February 2022
30,476 
3,118 
33,594 
Charge for the year
2,588 
25 
2,613 
At 31 January 2023
33,064 
3,143 
36,207 
Net book value
At 31 January 2023
5,881 
57 
5,938 
At 31 January 2022
8,469 
82 
8,551 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,521 
2,418 
Other creditors
6,501 
7,831 
Accruals
1,475 
1,300 
10,497 
11,549 
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Fabs Limited Notes to the Accounts for the year ended 31 January 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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