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Company Registration No. NI011755 (Northern Ireland)
FABRIC LIBRARY LTD-THE Unaudited accounts for the year ended 30 June 2024
FABRIC LIBRARY LTD-THE Unaudited accounts Contents
Page
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FABRIC LIBRARY LTD-THE Company Information for the year ended 30 June 2024
Directors
Hilary Turkington James Turkington Neil Turkington
Secretary
Hilary Turkington
Company Number
NI011755 (Northern Ireland)
Registered Office
18 Sweep Road, Cookstown, County Tyrone,
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
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FABRIC LIBRARY LTD-THE Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
696,678 
696,678 
Current assets
Debtors
642,910 
644,110 
Cash at bank and in hand
8,533 
862 
651,443 
644,972 
Creditors: amounts falling due within one year
(69,685)
(97,186)
Net current assets
581,758 
547,786 
Total assets less current liabilities
1,278,436 
1,244,464 
Creditors: amounts falling due after more than one year
(148,341)
(135,187)
Net assets
1,130,095 
1,109,277 
Capital and reserves
Called up share capital
34,006 
34,006 
Revaluation reserve
865,020 
865,020 
Profit and loss account
231,069 
210,251 
Shareholders' funds
1,130,095 
1,109,277 
For the year ending 30 June 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 18 March 2025 and were signed on its behalf by
James Turkington Director Company Registration No. NI011755
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FABRIC LIBRARY LTD-THE Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
FABRIC LIBRARY LTD-THE is a private company, limited by shares, registered in Northern Ireland, registration number NI011755. The registered office is 18 Sweep Road, , Cookstown, , County Tyrone,.
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
no depreciation
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 July 2023
696,678 
At 30 June 2024
696,678 
Depreciation
At 30 June 2024
- 
Net book value
At 30 June 2024
696,678 
At 30 June 2023
696,678 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
118,860 
120,060 
Other debtors
524,050 
524,050 
642,910 
644,110 
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FABRIC LIBRARY LTD-THE Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
21,000 
36,000 
Taxes and social security
4,883 
5,377 
Other creditors
10,485 
10,485 
Loans from directors
33,317 
45,324 
69,685 
97,186 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
148,341 
135,187 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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