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Company Registration No. 11211148 (England and Wales)
FAB Developments (Essex) Ltd Unaudited accounts for the year ended 29 February 2024
FAB Developments (Essex) Ltd Unaudited accounts Contents
Page
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FAB Developments (Essex) Ltd Company Information for the year ended 29 February 2024
Directors
Chay Press James Smith Daye
Company Number
11211148 (England and Wales)
Registered Office
FRANKLIN HOUSE 49 WEST STREET ROCHFORD ESSEX SS4 1BE ENGLAND
Accountants
Portway Accountancy Services Limited 47 Back Lane Rochford Essex SS4 1AY
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FAB Developments (Essex) Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
250,617 
246,200 
Current assets
Debtors
9,500 
- 
Cash at bank and in hand
799 
15,023 
10,299 
15,023 
Creditors: amounts falling due within one year
(27,293)
(35,211)
Net current liabilities
(16,994)
(20,188)
Total assets less current liabilities
233,623 
226,012 
Creditors: amounts falling due after more than one year
(180,000)
(180,000)
Net assets
53,623 
46,012 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
50,761 
50,761 
Profit and loss account
1,862 
(5,749)
Shareholders' funds
53,623 
46,012 
For the year ending 29 February 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 29 November 2024 and were signed on its behalf by
James Smith Daye Director Company Registration No. 11211148
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FAB Developments (Essex) Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
FAB Developments (Essex) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11211148. The registered office is FRANKLIN HOUSE, 49 WEST STREET, ROCHFORD, ESSEX, SS4 1BE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
Nil
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
246,200 
Additions
4,417 
At 29 February 2024
250,617 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
250,617 
At 28 February 2023
246,200 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
9,500 
- 
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FAB Developments (Essex) Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,111 
34,023 
Taxes and social security
437 
- 
Other creditors
1,538 
538 
Accruals
1,207 
650 
27,293 
35,211 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
180,000 
180,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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