Company Registration No. 13334146 (England and Wales)
FAB South West Ltd
Unaudited accounts
for the period from 1 May 2023 to 31 July 2024
FAB South West Ltd
Unaudited accounts
Contents
FAB South West Ltd
Company Information
for the period from 1 May 2023 to 31 July 2024
Directors
Mark James Smith
Robert Peter Wilcock
Company Number
13334146 (England and Wales)
Registered Office
Unit 3
Magdalene Mews, Magdalene Road
Torquay
Devon
TQ1 4AF
England
Accountants
James Allison Accountants Ltd
The Office
5 Mimosa Way
Paignton
Devon
TQ4 7FE
FAB South West Ltd
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
-
4,489
Creditors: amounts falling due within one year
-
(9,252)
Net current liabilities
-
(3,531)
Called up share capital
100
100
Profit and loss account
(100)
1,619
Shareholders' funds
-
1,719
For the period 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 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 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 of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Mark James Smith
Director
Company Registration No. 13334146
FAB South West Ltd
Notes to the Accounts
for the period from 1 May 2023 to 31 July 2024
FAB South West Ltd is a private company, limited by shares, registered in England and Wales, registration number 13334146. The registered office is Unit 3, Magdalene Mews, Magdalene Road, Torquay, Devon, TQ1 4AF, England. The company is in the process of being wound up.
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.
These financial statements for the period from 1 May 2023 to 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
An application has been made to Companies House to voluntarily strike this company off the register.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
2,200
7,500
600
10,300
Disposals
(512)
(1,406)
(112)
(2,030)
At 31 July 2024
1,688
6,094
488
8,270
At 1 May 2023
1,000
3,750
300
5,050
Charge for the period
688
2,344
188
3,220
At 31 July 2024
1,688
6,094
488
8,270
At 30 April 2023
1,200
3,750
300
5,250
FAB South West Ltd
Notes to the Accounts
for the period from 1 May 2023 to 31 July 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
2,039
Loans from directors
-
7,043
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).