| Fabrik Holdings Limited |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Exemption from preparing consolidated financial statements |
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The company, and the group it heads qualify as small as set out in Section 383 of the Companies Act 2006 and the parent and the group are considered eligible for the exemption to prepare consolidated accounts. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
6 |
|
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 February 2024 |
20,086 |
|
|
At 31 January 2025 |
20,086 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
300,500 |
|
480,198 |
|
Other debtors |
48,014 |
|
15,014 |
|
|
|
|
|
|
348,514 |
|
495,212 |
|
|
|
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|
|
|
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
320,500 |
|
500,198 |
|
Other creditors |
48,000 |
|
15,000 |
|
|
|
|
|
|
368,500 |
|
515,198 |
|
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|
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| 6 |
Related party transactions |
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The company is a fully owned subsidiary, and fully owns it's own subsidiary company. FRS 102 does not require disclosure of transactions entered into between two or more members of a group, provided any subsidiary undertaking which is party to the transaction is wholly owned by such a member. |
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| 7 |
Controlling party |
|
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The entire shareholding of the company is owned by Fabrik Trustees Limited. That company is in turn controlled by the Fabrik Employees Ownership Trust, a trust set up for the benefit of the Fabrik Limited employees. The company is a parent company of a small group and as such is not required under the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about it's group. |
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| 8 |
Other information |
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Fabrik Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Lenten House |
|
16 Lenten Street |
|
Alton |
|
Hampshire |
|
GU34 1HG |