Company Registration No. NI011755 (Northern Ireland)
FABRIC LIBRARY LTD-THE
Unaudited accounts
for the year ended 30 June 2023
FABRIC LIBRARY LTD-THE
Unaudited accounts
Contents
FABRIC LIBRARY LTD-THE
Company Information
for the year ended 30 June 2023
Director
Hilary Turkington
Secretary
Hilary Turkington
Company Number
NI011755 (Northern Ireland)
Registered Office
18 Sweep Road,
Cookstown,
County Tyrone,
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
FABRIC LIBRARY LTD-THE
Statement of financial position
as at 30 June 2023
Tangible assets
696,678
696,678
Cash at bank and in hand
862
2,547
Creditors: amounts falling due within one year
(97,186)
(103,872)
Net current assets
547,786
548,378
Total assets less current liabilities
1,244,464
1,245,056
Creditors: amounts falling due after more than one year
(135,187)
(162,178)
Net assets
1,109,277
1,082,878
Called up share capital
34,006
34,006
Revaluation reserve
865,020
865,020
Profit and loss account
210,251
183,852
Shareholders' funds
1,109,277
1,082,878
For the year ending 30 June 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 her 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 27 March 2024 and were signed on its behalf by
Hilary Turkington
Director
Company Registration No. NI011755
FABRIC LIBRARY LTD-THE
Notes to the Accounts
for the year ended 30 June 2023
FABRIC LIBRARY LTD-THE is a private company, limited by shares, registered in Northern Ireland, registration number NI011755. The registered office is 18 Sweep Road, , Cookstown, , County Tyrone,.
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:
Land & buildings
no depreciation
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Tangible fixed assets
Land & buildings
Amounts falling due within one year
Amounts due from group undertakings etc.
120,060
125,653
Other debtors
524,050
524,050
FABRIC LIBRARY LTD-THE
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
36,000
36,000
Taxes and social security
5,377
8,534
Other creditors
10,485
10,484
Loans from directors
45,324
48,854
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
135,187
162,178
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Average number of employees
During the year the average number of employees was 0 (2022: 0).