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
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
FAB Architects Ltd
Statement of financial position
as at 30 April 2023
Intangible assets
32,400
34,200
Tangible assets
1,824
2,191
Cash at bank and in hand
20,800
21,471
Creditors: amounts falling due within one year
(43,590)
(46,679)
Net current liabilities
(21,098)
(23,708)
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
FAB Architects Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is written off in the year in which it is incurred.
FAB Architects Ltd
Notes to the Accounts
for the year ended 30 April 2023
4
Intangible fixed assets
Goodwill
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
At 30 April 2023
2,354
760
3,114
Charge for the year
400
187
587
At 30 April 2023
910
380
1,290
At 30 April 2023
1,444
380
1,824
At 30 April 2022
1,844
347
2,191
Amounts falling due within one year
Accrued income and prepayments
1,500
1,500
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,829
11,025
Loans from directors
31,847
35,654
FAB Architects Ltd
Notes to the Accounts
for the year ended 30 April 2023
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).