Company Registration No. 12291491 (England and Wales)
THE FAB COMMERCE LIMITED
Unaudited accounts
for the year ended 31 October 2022
THE FAB COMMERCE LIMITED
Unaudited accounts
Contents
THE FAB COMMERCE LIMITED
Company Information
for the year ended 31 October 2022
Company Number
12291491 (England and Wales)
Registered Office
1 COBALT COURT
28 ARLA PLACE
SOUTH RUISLIP
HA4 0GD
ENGLAND
Accountants
M&M Chartered Accountants
152-160
Kemp House
London
EC1V 2NX
THE FAB COMMERCE LIMITED
Statement of financial position
as at 31 October 2022
Cash at bank and in hand
908
1,057
Creditors: amounts falling due within one year
(55,243)
(14,951)
Net current liabilities
(56,151)
(13,749)
Net liabilities
(52,480)
(13,749)
Called up share capital
2
2
Profit and loss account
(52,482)
(13,751)
Shareholders' funds
(52,480)
(13,749)
For the year ending 31 October 2022 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 21 October 2023 and were signed on its behalf by
Jagjit Singh
Director
Company Registration No. 12291491
THE FAB COMMERCE LIMITED
Notes to the Accounts
for the year ended 31 October 2022
THE FAB COMMERCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12291491. The registered office is 1 COBALT COURT, 28 ARLA PLACE, SOUTH RUISLIP, HA4 0GD, 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.
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:
Fixtures & fittings
20% WDV
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 31 October 2022
823
3,497
4,320
Charge for the year
525
124
649
At 31 October 2022
525
124
649
At 31 October 2022
298
3,373
3,671
Amounts falling due within one year
THE FAB COMMERCE LIMITED
Notes to the Accounts
for the year ended 31 October 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
11,053
13,935
Loans from directors
43,940
466
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).