General Information
Fabrec Ltd is a private company, limited by shares, registered in England England and Wales, registration number 11453827, registration address Unit 15 City Business Centre, Lower Road, LONDON, SE16 2XB.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 , section 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
4 years Straight Line
|
| Computer Equipment |
3 years Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 August 2024 |
11,100 |
|
20,901 |
|
32,001 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
11,100 |
|
20,901 |
|
32,001 |
| Depreciation |
| At 01 August 2024 |
11,100 |
|
20,153 |
|
31,253 |
| Charge for year |
- |
|
748 |
|
748 |
| On disposals |
- |
|
- |
|
- |
| At 31 July 2025 |
11,100 |
|
20,901 |
|
32,001 |
| Net book values |
| Closing balance as at 31 July 2025 |
- |
|
- |
|
- |
| Opening balance as at 01 August 2024 |
- |
|
748 |
|
748 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
9,840 |
|
960 |
| PAYE & Social Security |
59 |
|
- |
|
9,899 |
|
960 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
535 |
|
535 |
| Bank Loans & Overdrafts |
2,160 |
|
6,540 |
| PAYE & Social Security |
- |
|
185 |
| Accrued Expenses |
2,294 |
|
2,842 |
| Other Creditors |
6,175 |
|
6,175 |
| Wages & Salaries Control Account |
1,661 |
|
- |
| Directors' Current Accounts |
53,202 |
|
41,885 |
| VAT |
3,176 |
|
751 |
|
69,203 |
|
58,913 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
13,247 |
|
9,789 |
|
13,247 |
|
9,789 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
400 |
|
400 |
| Pension Provisions |
212 |
|
- |
|
612 |
|
400 |
|
3
|