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Registered Number: 11872495
England and Wales

 

 

 

FAB CARS LDN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
  2024   2023
    £ £   £ £
Current assets 48,424      29,334   
Creditors: amount falling due within one year (40,271)     (15,747)  
Net current assets   8,153      13,587 
Total assets less current liabilities   8,153      13,587 
Creditors: amount falling due after more than one year   (34,002)     (39,921)
Net assets   (25,849)     (26,334)
 

         
Capital and reserves   (25,849)     (26,334)
 
NOTES TO THE ACCOUNTS

General Information
FAB CARS LDN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11872495, registration address 1A LANGDALE PARADE, UPPER GREEN EAST , MITCHAM, SURREY, CR4 2PF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).


For the year ended 29 February 2024 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 29 November 2024 and were signed by:


--------------------------------
Faizan TAHIR
Director
1