Company Registration No. 10849706 (England and Wales)
Fab1Direct Limited
Unaudited accounts
for the year ended 31 July 2024
Fab1Direct Limited
Unaudited accounts
Contents
Fab1Direct Limited
Company Information
for the year ended 31 July 2024
Company Number
10849706 (England and Wales)
Registered Office
15 Arundel Gardens 15 Arundel Gardens
Winklebury
Basingstoke
Hampshire
RG23 8HQ
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Fab1Direct Limited
Accountants' report
Accountants' report to the director of Fab1Direct Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Fab1Direct Limited for the year ended
31 July 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Fab1Direct Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Fab1Direct Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fab1Direct Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fab1Direct Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fab1Direct Limited. You consider that Fab1Direct Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fab1Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
27 August 2024
Fab1Direct Limited
Statement of financial position
as at 31 July 2024
Intangible assets
3,000
4,000
Cash at bank and in hand
14,035
14,146
Creditors: amounts falling due within one year
(16,408)
(21,125)
Net current assets
25,960
21,354
Total assets less current liabilities
29,572
26,170
Creditors: amounts falling due after more than one year
(14,450)
(14,719)
Called up share capital
1
1
Profit and loss account
15,121
11,450
Shareholders' funds
15,122
11,451
For the year ending 31 July 2024 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 27 August 2024 and were signed on its behalf by
Justin Barber
Director
Company Registration No. 10849706
Fab1Direct Limited
Notes to the Accounts
for the year ended 31 July 2024
Fab1Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 10849706. The registered office is 15 Arundel Gardens 15 Arundel Gardens, Winklebury, Basingstoke, Hampshire, RG23 8HQ, England.
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:
Motor vehicles
25% Reducing balance method
Computer equipment
25% Reducing balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Fab1Direct Limited
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
2,000
1,091
3,091
At 31 July 2024
2,000
1,091
3,091
At 1 August 2023
1,644
631
2,275
Charge for the year
89
115
204
At 31 July 2024
1,733
746
2,479
At 31 July 2024
267
345
612
At 31 July 2023
356
460
816
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,054
-
Loans from directors
6,186
13,662
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(13,662)
(94,512)
(101,988)
(6,186)
(13,662)
(94,512)
(101,988)
(6,186)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).