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Company Registration No. 13320064 (England and Wales)
FAB Architects Ltd Unaudited accounts for the year ended 30 April 2023
FAB Architects Ltd Unaudited accounts Contents
Page
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FAB Architects Ltd Company Information for the year ended 30 April 2023
Directors
Michael Conway Bell William Oliver Richardson Fisher
Company Number
13320064 (England and Wales)
Registered Office
The Hub 2 Station Street Lewes East Sussex BN7 2DA England
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FAB Architects Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
32,400 
34,200 
Tangible assets
1,824 
2,191 
34,224 
36,391 
Current assets
Debtors
1,692 
1,500 
Cash at bank and in hand
20,800 
21,471 
22,492 
22,971 
Creditors: amounts falling due within one year
(43,590)
(46,679)
Net current liabilities
(21,098)
(23,708)
Net assets
13,126 
12,683 
Capital and reserves
Called up share capital
100 
100 
Share premium
12,000 
12,000 
Profit and loss account
1,026 
583 
Shareholders' funds
13,126 
12,683 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by
William Oliver Richardson Fisher Director Company Registration No. 13320064
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FAB Architects Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
FAB Architects Ltd is a private company, limited by shares, registered in England and Wales, registration number 13320064. The registered office is The Hub, 2 Station Street, Lewes, East Sussex, BN7 2DA, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% on a reducing balance basis
Computer equipment
33% on a reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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FAB Architects Ltd Notes to the Accounts for the year ended 30 April 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
36,000 
At 30 April 2023
36,000 
Amortisation
At 1 May 2022
1,800 
Charge for the year
1,800 
At 30 April 2023
3,600 
Net book value
At 30 April 2023
32,400 
At 30 April 2022
34,200 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
2,354 
540 
2,894 
Additions
- 
220 
220 
At 30 April 2023
2,354 
760 
3,114 
Depreciation
At 1 May 2022
510 
193 
703 
Charge for the year
400 
187 
587 
At 30 April 2023
910 
380 
1,290 
Net book value
At 30 April 2023
1,444 
380 
1,824 
At 30 April 2022
1,844 
347 
2,191 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
192 
- 
Accrued income and prepayments
1,500 
1,500 
1,692 
1,500 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,914 
- 
Taxes and social security
7,829 
11,025 
Loans from directors
31,847 
35,654 
43,590 
46,679 
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FAB Architects Ltd Notes to the Accounts for the year ended 30 April 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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