REGISTERED NUMBER: 13571061 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FAB DIGITAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Hewitt

C A Wilson

REGISTERED OFFICE:

20 Harris Business Park

Hanbury Road

Bromsgrove

Worcestershire

B60 4DJ

REGISTERED NUMBER:

13571061 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

960,000

1,080,000

CURRENT ASSETS

Debtors

5

647,506

816,455

Cash at bank

32,492

69,784

679,998

886,239

CREDITORS

Amounts falling due within one year

6

139,839

208,076

NET CURRENT ASSETS

540,159

678,163

TOTAL ASSETS LESS CURRENT LIABILITIES

1,500,159

1,758,163

CAPITAL AND RESERVES

Called up share capital

7

1,500,000

1,500,000

Retained earnings

8

159

258,163

SHAREHOLDERS' FUNDS

1,500,159

1,758,163

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

C A Wilson - Director

1.	STATUTORY INFORMATION

Fab Digital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration in line with the provisions of FRS 102 section 23.14.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts

A debtor will be recognised in the financial statements for chargeable work undertaken during the year which has not been billed as at the year end.

Deferred income

Systems support income is recognised at the point of invoice. Where the period of systems support straddles the year end, an appropriate proportion of the income will be deferred to the next financial year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,200,000

AMORTISATION

At 1 January 2024

120,000

Amortisation for year

120,000

At 31 December 2024

240,000

NET BOOK VALUE

At 31 December 2024

960,000

At 31 December 2023

1,080,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

90,073

141,291

Amounts owed by group undertakings

518,508

558,508

Tax

11,198

7,661

Prepayments

27,727

108,995

647,506

816,455

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,106

6,705

Amounts owed to group undertakings

45,000

10,000

Tax

38,009

109,085

Social security and other taxes

5,376

44,504

Other creditors

31

870

Accruals and deferred income

47,317

36,912

139,839

208,076

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,500,000

Ordinary

£1

1,500,000

1,500,000

8.

RESERVES

Retained

earnings

£

At 1 January 2024

258,163

Deficit for the year

(108,004

)

Dividends

(150,000

)

At 31 December 2024

159

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited