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REGISTERED NUMBER: SC404545 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FAB ADVENTURES LTD

FAB ADVENTURES LTD (REGISTERED NUMBER: SC404545)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAB ADVENTURES LTD

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTOR: J L Isherwood





REGISTERED OFFICE: Grey Gables
Springwood Road
Peebles
EH45 9HB





REGISTERED NUMBER: SC404545 (Scotland)





ACCOUNTANT: Alison Gray Accountancy Limited
Le Noyer
Ettrick Terrace
Selkirk
TD7 4LE

FAB ADVENTURES LTD (REGISTERED NUMBER: SC404545)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,580 9,414

CURRENT ASSETS
Debtors 5 6,048 2,840
Cash at bank 6,613 6,513
12,661 9,353
CREDITORS
Amounts falling due within one year 6 7,141 10,072
NET CURRENT ASSETS/(LIABILITIES) 5,520 (719 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,100 8,695

PROVISIONS FOR LIABILITIES 287 451
NET ASSETS 12,813 8,244

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 12,803 8,234
SHAREHOLDERS' FUNDS 12,813 8,244

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

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

The director acknowledges her 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.

FAB ADVENTURES LTD (REGISTERED NUMBER: SC404545)

BALANCE SHEET - continued
31 August 2023


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 director and authorised for issue on 15 March 2024 and were signed by:





J L Isherwood - Director


FAB ADVENTURES LTD (REGISTERED NUMBER: SC404545)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

FAB Adventures Ltd is a private company, limited by shares , registered in Scotland. 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
The turnover shown in the profit and loss account represents the invoice value of services provided during the period, net of discounts and is stated net of VAT. Turnover is recognised when the service has been provided and all obligations to customers have been fulfilled.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 10% on cost

Deferred tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or right to pay less tax, at a future date, at rates expected to apply when these obligations crystallise, based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in different periods to when they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not they will be recovered. Deferred tax assets and liabilities are not discounted.

3. EMPLOYEES AND DIRECTORS

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

FAB ADVENTURES LTD (REGISTERED NUMBER: SC404545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 18,664
DEPRECIATION
At 1 September 2022 9,250
Charge for year 1,834
At 31 August 2023 11,084
NET BOOK VALUE
At 31 August 2023 7,580
At 31 August 2022 9,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 5,900 2,725
Other debtors 148 115
6,048 2,840

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 1,693 1,958
Other creditors 5,448 8,114
7,141 10,072