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REGISTERED NUMBER: SC405632 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FABULOUS TWO LTD

FABULOUS TWO LTD (REGISTERED NUMBER: SC405632)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


FABULOUS TWO LTD (REGISTERED NUMBER: SC405632)

ABRIDGED BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 236 315

CURRENT ASSETS
Stocks 297 212
Debtors 10,000 10,000
Cash at bank and in hand 10,862 12,512
21,159 22,724
CREDITORS
Amounts falling due within one year 17,918 21,239
NET CURRENT ASSETS 3,241 1,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,477

1,800

PROVISIONS FOR LIABILITIES 45 142
NET ASSETS 3,432 1,658

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,430 1,656
SHAREHOLDERS' FUNDS 3,432 1,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

FABULOUS TWO LTD (REGISTERED NUMBER: SC405632)

ABRIDGED BALANCE SHEET - continued
31 August 2024



The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





Mr K J Mullen - Director


FABULOUS TWO LTD (REGISTERED NUMBER: SC405632)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Fabulous Two Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC405632

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents beauty & tanning services. Revenue is recognised when
services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

FABULOUS TWO LTD (REGISTERED NUMBER: SC405632)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 8,400
DEPRECIATION
At 1 September 2023 8,085
Charge for year 79
At 31 August 2024 8,164
NET BOOK VALUE
At 31 August 2024 236
At 31 August 2023 315

5. ULTIMATE CONTROLLING PARTY

The Director owns and controls the company.