53 40 Fabrique Ltd 07548623 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is running bakeries that specialise in Swedish-style breads and pastries. Digita Accounts Production Advanced 6.30.9574.0 true true 07548623 2024-01-01 2024-12-31 07548623 2024-12-31 07548623 core:CurrentFinancialInstruments 2024-12-31 07548623 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07548623 core:BetweenTwoFiveYears 2024-12-31 07548623 core:MoreThanFiveYears 2024-12-31 07548623 core:WithinOneYear 2024-12-31 07548623 core:FurnitureFittingsToolsEquipment 2024-12-31 07548623 core:LandBuildings 2024-12-31 07548623 bus:SmallEntities 2024-01-01 2024-12-31 07548623 bus:Audited 2024-01-01 2024-12-31 07548623 bus:FilletedAccounts 2024-01-01 2024-12-31 07548623 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07548623 bus:RegisteredOffice 2024-01-01 2024-12-31 07548623 bus:CompanySecretary1 2024-01-01 2024-12-31 07548623 bus:Director4 2024-01-01 2024-12-31 07548623 bus:Director5 2024-01-01 2024-12-31 07548623 bus:Director7 2024-01-01 2024-12-31 07548623 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07548623 bus:Agent1 2024-01-01 2024-12-31 07548623 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 07548623 core:LandBuildings 2024-01-01 2024-12-31 07548623 core:LeaseholdImprovements 2024-01-01 2024-12-31 07548623 countries:EnglandWales 2024-01-01 2024-12-31 07548623 2023-12-31 07548623 core:FurnitureFittingsToolsEquipment 2023-12-31 07548623 core:LandBuildings 2023-12-31 07548623 2023-01-01 2023-12-31 07548623 2023-12-31 07548623 core:CurrentFinancialInstruments 2023-12-31 07548623 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07548623 core:BetweenTwoFiveYears 2023-12-31 07548623 core:MoreThanFiveYears 2023-12-31 07548623 core:WithinOneYear 2023-12-31 07548623 core:FurnitureFittingsToolsEquipment 2023-12-31 07548623 core:LandBuildings 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 07548623

Fabrique Ltd

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Fabrique Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Fabrique Ltd

Company Information

Directors

A C Zetterström

G A J Goodwille

D R Zetterström

Company secretary

Goodwille Limited

Registered office

1 Chapel Street
Warwick
Warwickshire
CV34 4HL

Auditors

Bourner Bullock Chartered Accountants
114 St Martin's Lane
Covent Garden
London
WC2N 4BE

 

Fabrique Ltd

(Registration number: 07548623)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

110,233

80,273

Current assets

 

Stocks

7

19,143

15,484

Debtors

8

780,245

668,768

Cash at bank and in hand

 

100,652

82,333

 

900,040

766,585

Creditors: Amounts falling due within one year

10

(241,369)

(255,171)

Net current assets

 

658,671

511,414

Net assets

 

768,904

591,687

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

768,804

591,587

Shareholders' funds

 

768,904

591,687

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 April 2025 and signed on its behalf by:
 

.........................................

D R Zetterström
Director

 

Fabrique Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

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:
1 Chapel Street
Warwick
Warwickshire
CV34 4HL
United Kingdom

Principal activity

The principal activity of the Company is running bakeries that specialise in Swedish-style breads and pastries.

These financial statements were authorised for issue by the Board on 2 April 2025.

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.

Going concern

The company made a profit in the year and has net current assets. Support is available from the group should it be required. The accounts have been prepared on a going concern basis

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the Company’s activities. Turnover is shown net of 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 income 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.

 

Fabrique Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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

Leasehold improvements

25% straight line

Fixtures and fittings

25% straight line

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

 

Fabrique Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Fabrique Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

3

Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4

Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 2 April 2025 was David Wheeler, who signed for and on behalf of Bourner Bullock.

5

Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 53 (2023 - 40).

6

Tangible assets

Land and buildings
£

Plant and machinery
 £

Total
£

Cost or valuation

At 1 January 2024

219,135

337,115

556,250

Additions

69,500

-

69,500

Disposals

-

(83,330)

(83,330)

At 31 December 2024

288,635

253,785

542,420

Depreciation

At 1 January 2024

153,014

322,963

475,977

Charge for the year

32,111

7,429

39,540

Eliminated on disposal

-

(83,330)

(83,330)

At 31 December 2024

185,125

247,062

432,187

Carrying amount

At 31 December 2024

103,510

6,723

110,233

At 31 December 2023

66,121

14,152

80,273

 

Fabrique Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Stocks

2024
£

2023
£

Other inventories

19,143

15,484

8

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

31,988

25,171

Amounts owed by related parties

448,561

295,320

Prepayments

 

60,137

60,509

Other debtors

 

239,559

287,768

   

780,245

668,768

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

79,646

64,071

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

32,298

-

Taxation and social security

 

29,297

26,685

Other creditors

 

100,128

164,415

 

241,369

255,171

11

Dividends

No dividends were paid or declared in the year (2023: £nil).

 

Fabrique Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

12

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

172,102

145,560

Later than one year and not later than five years

431,517

455,657

Later than five years

-

72,420

603,619

673,637

13

Parent and ultimate parent undertaking

The company's immediate and ultimate parent is Sockerkringlan AB, incorporated in Sweden.

The financial statements are available upon request from Sockerkringlan AB, Rosenlundsgatan 28 A 0TR, 118 53 Stockholm, Sweden.