Company Registration No. 10849706 (England and Wales)
Fab1Direct Limited
Unaudited accounts
for the year ended 31 July 2023
Fab1Direct Limited
Unaudited accounts
Contents
Fab1Direct Limited
Company Information
for the year ended 31 July 2023
Company Number
10849706 (England and Wales)
Registered Office
40 DUDLEY CLOSE
WINKLEBURY
BASINGSTOKE
HAMPSHIRE
RG23 8BP
UNITED KINGDOM
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Fab1Direct Limited
Statement of financial position
as at 31 July 2023
Intangible assets
4,000
5,000
Cash at bank and in hand
14,146
14,146
Creditors: amounts falling due within one year
(21,125)
(20,745)
Net current assets
21,354
21,734
Total assets less current liabilities
26,170
27,822
Creditors: amounts falling due after more than one year
(14,719)
(14,719)
Called up share capital
1
1
Profit and loss account
11,450
13,102
Shareholders' funds
11,451
13,103
For the year ending 31 July 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 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 8 September 2023 and were signed on its behalf by
Justin Barber
Director
Company Registration No. 10849706
Fab1Direct Limited
Notes to the Accounts
for the year ended 31 July 2023
Fab1Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 10849706. The registered office is 40 DUDLEY CLOSE, WINKLEBURY, BASINGSTOKE, HAMPSHIRE, RG23 8BP, UNITED KINGDOM.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Fab1Direct Limited
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
2,000
1,091
3,091
At 31 July 2023
2,000
1,091
3,091
At 1 August 2022
1,525
478
2,003
Charge for the year
119
153
272
At 31 July 2023
1,644
631
2,275
At 31 July 2023
356
460
816
At 31 July 2022
475
613
1,088
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
1,216
Loans from directors
13,662
4,523
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(4,523)
89,925
99,064
(13,662)
(4,523)
89,925
99,064
(13,662)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).