Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truetruefalsefalse2IT Consultancy2023-04-11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14792183 2023-04-10 14792183 2023-04-11 2024-04-30 14792183 2022-04-11 2023-04-10 14792183 2024-04-30 14792183 c:Director2 2023-04-11 2024-04-30 14792183 d:CurrentFinancialInstruments 2024-04-30 14792183 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14792183 d:ShareCapital 2024-04-30 14792183 d:RetainedEarningsAccumulatedLosses 2024-04-30 14792183 c:FRS102 2023-04-11 2024-04-30 14792183 c:AuditExemptWithAccountantsReport 2023-04-11 2024-04-30 14792183 c:FullAccounts 2023-04-11 2024-04-30 14792183 c:PrivateLimitedCompanyLtd 2023-04-11 2024-04-30 14792183 e:PoundSterling 2023-04-11 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14792183









FABRIC BUSINESS SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2024

 
FABRIC BUSINESS SOLUTIONS LIMITED
 
 
  
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ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FABRIC BUSINESS SOLUTIONS LIMITED
FOR THE PERIOD ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fabric Business Solutions Limited for the period ended 30 April 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

We are subject to the ethical and other professional requirements of the Institute of Chartered Accountants in England and Wales (ICAEW),  which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Fabric Business Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 5 October 2023Our work has been undertaken solely to prepare for your approval the financial statements of Fabric Business Solutions Limited  and state those matters that we have agreed to state to the Board of Directors of Fabric Business Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fabric Business Solutions Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Fabric Business Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fabric Business Solutions Limited. You consider that Fabric Business Solutions Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Fabric Business Solutions 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 financial statements.

  



Evelyn Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
12 September 2024
Page 1

 
FABRIC BUSINESS SOLUTIONS LIMITED
REGISTERED NUMBER: 14792183

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,100

Cash at bank and in hand
  
3,510

  
6,610

Creditors: amounts falling due within one year
 5 
(24,454)

Net current (liabilities)/assets
  
 
 
(17,844)

Total assets less current liabilities
  
(17,844)

  

Net (liabilities)/assets
  
(17,844)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(17,944)

  
(17,844)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 2

 
FABRIC BUSINESS SOLUTIONS LIMITED
REGISTERED NUMBER: 14792183
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T O'Connor
Director
Date: 9 September 2024

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
FABRIC BUSINESS SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

The principal activity of Fabric Business Solutions Limited is provide consultancy services
The Company is a private company, limited by shares, and is incorporated in England and Wales. 
The registered office address is Stonecross, Trumpington High Street, Cambridge, CB2 9SU. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Although the company's liabilities exceed its assets, the directors are confident that it will continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Financial instruments

The company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.
 
Page 4

 
FABRIC BUSINESS SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Financial instruments (continued)

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Trade debtors
3,000

Other debtors
100

3,100



5.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
1,018

Amounts owed to group undertakings
120

Other taxation and social security
1,071

Accruals and deferred income
22,245

24,454


 
Page 5