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Company Registration No. 10849706 (England and Wales)
Fab1Direct Limited Unaudited accounts for the year ended 31 July 2023
Fab1Direct Limited Unaudited accounts Contents
Page
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Fab1Direct Limited Company Information for the year ended 31 July 2023
Director
Justin Barber
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
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Fab1Direct Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,000 
5,000 
Tangible assets
816 
1,088 
4,816 
6,088 
Current assets
Inventories
28,333 
28,333 
Cash at bank and in hand
14,146 
14,146 
42,479 
42,479 
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)
Net assets
11,451 
13,103 
Capital and reserves
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
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Fab1Direct Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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:
Motor vehicles
25% RB
Computer equipment
25% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
10,000 
At 31 July 2023
10,000 
Amortisation
At 1 August 2022
5,000 
Charge for the year
1,000 
At 31 July 2023
6,000 
Net book value
At 31 July 2023
4,000 
At 31 July 2022
5,000 
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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 
Depreciation
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 
Net book value
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 
£ 
£ 
VAT
5,525 
12,746 
Taxes and social security
- 
1,216 
Loans from directors
13,662 
4,523 
Accruals
1,938 
2,260 
21,125 
20,745 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,719 
14,719 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Justin Barber
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).
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