Fabulash Limited 09370290 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is make up distributor. Digita Accounts Production Advanced 6.30.9574.0 true 09370290 2023-01-01 2023-12-31 09370290 2023-12-31 09370290 core:RetainedEarningsAccumulatedLosses 2023-12-31 09370290 core:ShareCapital 2023-12-31 09370290 core:CurrentFinancialInstruments 2023-12-31 09370290 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09370290 core:Non-currentFinancialInstruments 2023-12-31 09370290 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 09370290 core:FurnitureFittingsToolsEquipment 2023-12-31 09370290 bus:SmallEntities 2023-01-01 2023-12-31 09370290 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09370290 bus:FullAccounts 2023-01-01 2023-12-31 09370290 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09370290 bus:RegisteredOffice 2023-01-01 2023-12-31 09370290 bus:Director1 2023-01-01 2023-12-31 09370290 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09370290 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09370290 core:OfficeEquipment 2023-01-01 2023-12-31 09370290 countries:EnglandWales 2023-01-01 2023-12-31 09370290 2022-12-31 09370290 core:FurnitureFittingsToolsEquipment 2022-12-31 09370290 2022-01-01 2022-12-31 09370290 2022-12-31 09370290 core:RetainedEarningsAccumulatedLosses 2022-12-31 09370290 core:ShareCapital 2022-12-31 09370290 core:CurrentFinancialInstruments 2022-12-31 09370290 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09370290 core:Non-currentFinancialInstruments 2022-12-31 09370290 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 09370290 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09370290

Fabulash Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Fabulash Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Fabulash Limited

(Registration number: 09370290)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

4,478

4,849

Current assets

 

Debtors

5

119,781

123,231

Creditors: Amounts falling due within one year

6

(94,232)

(98,478)

Net current assets

 

25,549

24,753

Total assets less current liabilities

 

30,027

29,602

Creditors: Amounts falling due after more than one year

6

(28,504)

(27,673)

Provisions for liabilities

(850)

(921)

Net assets

 

673

1,008

Capital and reserves

 

Called up share capital

1

1

Retained earnings

672

1,007

Shareholders' funds

 

673

1,008

 

Fabulash Limited

(Registration number: 09370290)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 September 2024
 

.........................................
Mrs KL Hamer
Director

 

Fabulash Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Fabulash Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Fabulash Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

14,285

14,285

Additions

1,013

1,013

At 31 December 2023

15,298

15,298

Depreciation

At 1 January 2023

9,436

9,436

Charge for the year

1,384

1,384

At 31 December 2023

10,820

10,820

Carrying amount

At 31 December 2023

4,478

4,478

At 31 December 2022

4,849

4,849

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

10,275

Other debtors

119,781

112,956

 

119,781

123,231

 

Fabulash Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

28,144

35,048

Other creditors

 

66,088

63,430

 

94,232

98,478

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Bank overdrafts

18,144

25,048

28,144

35,048

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

28,504

27,673

Other borrowings

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

28,504

27,673

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

Bank overdrafts

18,144

25,048

28,144

35,048