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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
Page
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THE FAB COMMERCE LIMITED Company Information for the year ended 31 October 2022
Director
Jagjit Singh
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
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THE FAB COMMERCE LIMITED Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,671 
- 
Current assets
Inventories
500 
- 
Debtors
(2,316)
145 
Cash at bank and in hand
908 
1,057 
(908)
1,202 
Creditors: amounts falling due within one year
(55,243)
(14,951)
Net current liabilities
(56,151)
(13,749)
Net liabilities
(52,480)
(13,749)
Capital and reserves
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
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THE FAB COMMERCE LIMITED Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
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.
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.
Presentation currency
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:
Plant & machinery
20% WDV
Fixtures & fittings
20% WDV
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2021
- 
- 
- 
Additions
823 
3,497 
4,320 
At 31 October 2022
823 
3,497 
4,320 
Depreciation
Charge for the year
525 
124 
649 
At 31 October 2022
525 
124 
649 
Net book value
At 31 October 2022
298 
3,373 
3,671 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
(2,316)
164 
Trade debtors
- 
(19)
(2,316)
145 
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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 
Accruals
250 
550 
55,243 
14,951 
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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