1 January 2024 false No description of principal activity Taxfiler 2024.6 SC270027business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC2700272023-12-31 SC2700272024-01-012024-12-31 SC270027business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 SC270027business:FilletedAccounts2024-01-012024-12-31 SC2700272024-12-31 SC2700272023-12-31 SC270027core:WithinOneYear2024-12-31 SC270027core:WithinOneYear2023-12-31 SC270027core:AfterOneYear2024-12-31 SC270027core:AfterOneYear2023-12-31 SC270027core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC270027core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC270027core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC270027core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC270027core:PreviouslyStatedAmount2024-12-31 SC270027core:PreviouslyStatedAmount2023-12-31 SC270027business:SmallEntities2024-01-012024-12-31 SC270027business:Director12024-01-012024-12-31 SC270027countries:Scotland2024-01-012024-12-31 SC270027business:RegisteredOffice2024-01-012024-12-31 SC270027core:PlantMachinery2024-01-012024-12-31 SC270027core:FurnitureFittings2024-01-012024-12-31 SC270027core:ComputerEquipment2024-01-012024-12-31 SC270027core:IntangibleAssetsOtherThanGoodwill2023-12-31 SC270027core:IntangibleAssetsOtherThanGoodwill2024-12-31 SC270027core:PlantMachinery2023-12-31 SC270027core:MotorVehicles2023-12-31 SC270027core:FurnitureFittings2023-12-31 SC270027core:ComputerEquipment2023-12-31 SC270027core:MotorVehicles2024-01-012024-12-31 SC270027core:PlantMachinery2024-12-31 SC270027core:MotorVehicles2024-12-31 SC270027core:FurnitureFittings2024-12-31 SC270027core:ComputerEquipment2024-12-31 SC2700272023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC270027 (Scotland)
FABIIA LIMITED Unaudited accounts for the year ended 31 December 2024
FABIIA LIMITED Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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FABIIA LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
80,973 
80,973 
Tangible assets
5
59,961 
3,834 
140,934 
84,807 
Current assets
Inventories
22,507 
22,507 
Debtors
6
10,281 
280,869 
Cash at bank and in hand
54,060 
108,194 
86,848 
411,570 
Creditors: amounts falling due within one year
7
(187,606)
(471,842)
Net current liabilities
(100,758)
(60,272)
Total assets less current liabilities
40,176 
24,535 
Creditors: amounts falling due after more than one year
8
(43,288)
(56,442)
Net liabilities
(3,112)
(31,907)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,212)
(32,007)
Shareholders' funds
(3,112)
(31,907)
For the year ending 31 December 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 19 September 2025 and were signed on its behalf by
Dr Jiten Walia Director Company Registration No. SC270027
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FABIIA LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
FABIIA LIMITED is a private company, limited by shares, registered in Scotland, registration number SC270027. The registered office is SUMMIT HOUSE, 4-5, MITCHELL STREET, EDINBURGH, EH6 7BD.
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:
Plant & machinery
15% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
80,973 
At 31 December 2024
80,973 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
80,973 
At 31 December 2023
80,973 
- 4 -
FABIIA LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
1,533 
- 
7,771 
15,739 
25,043 
Additions
- 
51,121 
5,286 
1,917 
58,324 
At 31 December 2024
1,533 
51,121 
13,057 
17,656 
83,367 
Depreciation
At 1 January 2024
1,032 
- 
5,531 
14,646 
21,209 
Charge for the year
75 
- 
1,129 
993 
2,197 
At 31 December 2024
1,107 
- 
6,660 
15,639 
23,406 
Net book value
At 31 December 2024
426 
51,121 
6,397 
2,017 
59,961 
At 31 December 2023
501 
- 
2,240 
1,093 
3,834 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
184 
275,303 
Amounts due from group undertakings etc.
2,678 
- 
Other debtors
7,419 
5,566 
10,281 
280,869 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
38,808 
17,440 
Trade creditors
126,622 
127,617 
Amounts owed to group undertakings and other participating interests
- 
8,058 
Taxes and social security
2,125 
(17,498)
Other creditors
354 
- 
Loans from directors
18,697 
88,108 
Accruals
1,000 
1,000 
Deferred income
- 
247,117 
187,606 
471,842 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,288 
56,442 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 5 -