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REGISTERED NUMBER: 06307994 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

D R A FABB CONTRACTORS LIMITED

D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R A FABB CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D R A Fabb
Ms H R Parr





SECRETARY: R Fabb





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 06307994 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 195
Tangible assets 5 704,041 783,793
704,041 783,988

CURRENT ASSETS
Stocks 390,526 127,547
Debtors 6 235,770 275,297
Cash at bank and in hand 161,503 92,274
787,799 495,118
CREDITORS
Amounts falling due within one year 7 649,608 595,787
NET CURRENT ASSETS/(LIABILITIES) 138,191 (100,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

842,232

683,319

PROVISIONS FOR LIABILITIES 95,900 131,200
NET ASSETS 746,332 552,119

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 746,227 552,014
746,332 552,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





D R A Fabb - Director


D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)

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

1. STATUTORY INFORMATION

D R A Fabb Contractors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 33% on reducing balance

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 Statement of Income and Retained Earnings, 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.


D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 August 2022
and 31 July 2023 874
AMORTISATION
At 1 August 2022 679
Amortisation for year 195
At 31 July 2023 874
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 195

D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2022 165,800 72,926 1,206,778
Additions - - 7,147
Disposals - - (1,800 )
At 31 July 2023 165,800 72,926 1,212,125
DEPRECIATION
At 1 August 2022 - 6,122 682,889
Charge for year - 2,917 79,009
Eliminated on disposal - - (753 )
At 31 July 2023 - 9,039 761,145
NET BOOK VALUE
At 31 July 2023 165,800 63,887 450,980
At 31 July 2022 165,800 66,804 523,889

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,886 77,480 14,440 1,540,310
Additions - - 2,413 9,560
Disposals - - - (1,800 )
At 31 July 2023 2,886 77,480 16,853 1,548,070
DEPRECIATION
At 1 August 2022 568 57,777 9,161 756,517
Charge for year 298 3,941 2,100 88,265
Eliminated on disposal - - - (753 )
At 31 July 2023 866 61,718 11,261 844,029
NET BOOK VALUE
At 31 July 2023 2,020 15,762 5,592 704,041
At 31 July 2022 2,318 19,703 5,279 783,793

D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022 187,681
Transfer to ownership (187,681 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 68,262
Transfer to ownership (68,262 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 119,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 42,576 48,116
Amounts owed by group undertakings 87,734 136,295
Other debtors 105,460 90,886
235,770 275,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 13,468
Trade creditors 234,097 68,287
Amounts owed to group undertakings 391,303 459,447
Taxation and social security 14,697 27,198
Other creditors 9,511 27,387
649,608 595,787

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts - 13,468

D R A FABB CONTRACTORS LIMITED (REGISTERED NUMBER: 06307994)

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

9. PARENT COMPANY

The principal place of business of D R A Fabb (Holdings) Ltd is at Wilsons Orchard, Fenside Road, Warboys, Huntingdon, Cambridgeshire, PE28 2TY and its registered office is at 27 - 29 Old Market, Wisbech, Cambridgeshire, PE13 1NE.