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REGISTERED NUMBER: 13168486 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

33 FAB LTD

33 FAB LTD (REGISTERED NUMBER: 13168486)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


33 FAB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C F Nolan
T Mann





REGISTERED OFFICE: Corby Business Enterprise Centre
London Road
Corby
Northamptonshire
NN17 5EU





REGISTERED NUMBER: 13168486 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

33 FAB LTD (REGISTERED NUMBER: 13168486)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,099 45,983

CURRENT ASSETS
Stocks 6,000 4,997
Debtors 5 318,132 335,236
Cash at bank 94,322 1,833
418,454 342,066
CREDITORS
Amounts falling due within one year 6 232,179 208,922
NET CURRENT ASSETS 186,275 133,144
TOTAL ASSETS LESS CURRENT LIABILITIES 228,374 179,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 228,274 179,027
228,374 179,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





T Mann - Director


33 FAB LTD (REGISTERED NUMBER: 13168486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

33 Fab Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

33 FAB LTD (REGISTERED NUMBER: 13168486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 35,300 21,517 - 56,817
Additions - 14,716 1,168 15,884
Disposals - (8,500 ) - (8,500 )
At 31 March 2023 35,300 27,733 1,168 64,201
DEPRECIATION
At 1 April 2022 7,060 3,774 - 10,834
Charge for year 5,648 6,842 18 12,508
Eliminated on disposal - (1,240 ) - (1,240 )
At 31 March 2023 12,708 9,376 18 22,102
NET BOOK VALUE
At 31 March 2023 22,592 18,357 1,150 42,099
At 31 March 2022 28,240 17,743 - 45,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 316,472 334,178
Other debtors 1,660 1,058
318,132 335,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 98,792 71,114
Taxation and social security 67,962 106,232
Other creditors 65,425 31,576
232,179 208,922

7. RELATED PARTY DISCLOSURES

Included in other creditors are director loans of £44,637 (2022 £13,057). The loans are interest free and repayable on demand.

8. POST BALANCE SHEET EVENTS

Following the year end a fire broke out at the client premises which destroyed the property.