Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 07066305 Mr T A Toulmin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07066305 2022-11-30 07066305 2023-11-30 07066305 2022-12-01 2023-11-30 07066305 frs-core:CurrentFinancialInstruments 2023-11-30 07066305 frs-core:Non-currentFinancialInstruments 2023-11-30 07066305 frs-core:PlantMachinery 2023-11-30 07066305 frs-core:PlantMachinery 2022-12-01 2023-11-30 07066305 frs-core:PlantMachinery 2022-11-30 07066305 frs-core:ShareCapital 2023-11-30 07066305 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 07066305 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07066305 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 07066305 frs-bus:SmallEntities 2022-12-01 2023-11-30 07066305 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07066305 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07066305 frs-bus:Director1 2022-12-01 2023-11-30 07066305 frs-countries:EnglandWales 2022-12-01 2023-11-30 07066305 2021-11-30 07066305 2022-11-30 07066305 2021-12-01 2022-11-30 07066305 frs-core:CurrentFinancialInstruments 2022-11-30 07066305 frs-core:Non-currentFinancialInstruments 2022-11-30 07066305 frs-core:ShareCapital 2022-11-30 07066305 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 07066305
Fabric Source Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
The Hudson Partnership
Chartered Certified Accountants
361 Rayleigh Road
Leigh-On-Sea
Essex
SS9 5PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07066305
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53 53
53 53
CURRENT ASSETS
Stocks 5 7,500 7,500
Cash at bank and in hand 6,858 6,858
14,358 14,358
Creditors: Amounts Falling Due Within One Year 6 (137 ) (137 )
NET CURRENT ASSETS (LIABILITIES) 14,221 14,221
TOTAL ASSETS LESS CURRENT LIABILITIES 14,274 14,274
Creditors: Amounts Falling Due After More Than One Year 7 (6,500 ) (6,500 )
NET ASSETS 7,774 7,774
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 7,772 7,772
SHAREHOLDERS' FUNDS 7,774 7,774
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T A Toulmin
Director
29th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fabric Source Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07066305 . The registered office is 361 Rayleigh Road, Eastwood, Leigh-on-Sea, Essex, SS9 5PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance method
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: )
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 790
As at 30 November 2023 790
Depreciation
As at 1 December 2022 737
As at 30 November 2023 737
Net Book Value
As at 30 November 2023 53
As at 1 December 2022 53
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Page 4
5. Stocks
2023 2022
£ £
Stock 7,500 7,500
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 761 761
Taxation and social security (624 ) (624 )
137 137
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,500 6,500
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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