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Registered number: 04993107

Fabwell Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER

Fabwell Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Douglas Smith
Anthony Dickens
Dean Geary
REGISTERED OFFICE
Unit 4/5 Gainsford Drive
Halesowen
West Midlands
B62 8BQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04993107
ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER

Fabwell Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Fabwell Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Intangible assets21,5902,120
Tangible assets3686,818588,993
688,408591,113
CURRENT ASSETS
Stock436,379276,730
Debtors51,369,506915,488
Cash at bank and in hand17,917278,000
1,823,8021,470,218
CREDITORS: Amounts falling due within one year61,107,591929,127
NET CURRENT ASSETS716,211541,091
TOTAL ASSETS LESS CURRENT LIABILITIES1,404,6191,132,204
CREDITORS: Amounts falling due after more than one year7-6,309
PROVISIONS FOR LIABILITIES AND CHARGES957,51826,743
NET ASSETS1,347,1011,099,152
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account1,347,0011,099,052
SHAREHOLDERS' FUNDS1,347,1011,099,152

Fabwell Ltd

BALANCE SHEET AT 31/12/2023
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/09/2024 and signed on their behalf by
.............................
Douglas Smith
Director

Fabwell Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 2%
Plant and Machineryreducing balance 10%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 33.33%
Equipmentreducing balance 33.33%
Motor Carsreducing balance 25%
1c. Intangible Assets
Website costs are amortised over 5 years on a straight line basis
1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks. Cost in the case of work in progress and finished goods products includes the appropriate proportion of manufacturing overheads.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Fabwell Ltd

1f. Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
For sale and leaseback agreements the commercial substance of the leaseback is taken into account when deciding on the correct accounting treatment For sale and leaseback agreements which are of a rental nature ("operating leases") any profit or loss on disposal is recognised immediately in the profit and loss account.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.
1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised as tangible fixed assets and depreciated in accordance with thte policies outlined above. Lease obligations are included as creditors, with the interest being charged against profit over the period of the lease.
2. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 01/01/20232,6502,650
At 31/12/20232,6502,650
Depreciation
At 01/01/2023530530
For the year530530
At 31/12/20231,0601,060
Net Book Amounts
At 31/12/20231,5901,590
At 31/12/20222,1202,120

Fabwell Ltd

3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsEquipmentMotor CarsTotal
£££££££
Cost
At 01/01/2023474,901174,114106,36311,8076,74462,377836,306
Additions4,23067,60628,79818,7413,07426,697149,146
At 31/12/2023479,131241,720135,16130,5489,81889,074985,452
Depreciation
At 01/01/202365,96183,95083,3137,9723,9782,139247,313
For the year8,20311,77612,3662,6561,26115,05951,321
At 31/12/202374,16495,72695,67910,6285,23917,198298,634
Net Book Amounts
At 31/12/2023404,967145,99439,48219,9204,57971,876686,818
At 31/12/2022408,94090,16423,0503,8352,76660,238588,993
4. STOCK 20232022
££
Stock comprises:
Stock39,48136,673
Work in progress396,898240,057
436,379276,730
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,349,692906,022
Other debtors7,000-
Prepayments12,8139,466
1,369,505915,488

Fabwell Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax80,42155,378
VAT68,50936,288
PAYE control25,23430,503
Directors current account1121,734
Bank Loan-216,666
Mortgage7,32129,499
Payments received on account3,198-
Trade creditors536,887298,978
Other creditors311,857179,597
Pension schemes2904,607
Accruals19,1356,869
Deferred income54,62769,008
1,107,591929,127
An amount of £311,857 (2022 £179,597) included in sundry creditors is secured by an all assets debenture over the fixed and floating assets of the company. Additionally, included in bank loans and overdrafts is an amount of £7,321 (2022 £29,499) which represents mortgage payments payable within one year. This is secured by a fixed and floating charge over the assets and property of the business.
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Mortgages >1yr-6,309
-6,309
8. EMPLOYEES
20232022
No.No.
Average number of employees1715

Fabwell Ltd

9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation57,51826,743
57,51826,743
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. CONTROLLING PARTY
The controlling party is Douglas Smith who is a director of the company.
12. COMMITMENTS
Total future minimum lease payments under non-cancellable operating leases
Expiring between one and five yearsPlant and equipment £1,395