Fabrik Limited - Filleted accounts

Registered number

04583067

Fabrik Limited

Unaudited Filleted Accounts

31 January 2026

Fabrik Limited
Registered number:		04583067
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		24,000			28,000
Tangible assets	4		46,367			40,613
			70,367			68,613

Current assets
Stocks		89,593			36,188
Debtors	5	991,301			1,134,017
Cash at bank and in hand		1,150,461			744,213
		2,231,355			1,914,418

Creditors: amounts falling due within one year	6	(958,081)			(651,210)

Net current assets			1,273,274			1,263,208

Total assets less current liabilities			1,343,641			1,331,821


Provisions for liabilities			(11,315)			(9,816)


Net assets			1,332,326			1,322,005

Capital and reserves
Share premium			106			106
Profit and loss account			1,332,220			1,321,899

Shareholder's funds			1,332,326			1,322,005

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. A. Smith
Director
Approved by the board on 24 June 2026

Fabrik Limited
Notes to the Accounts
for the year ended 31 January 2026


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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			over the lease term
	Fixtures and fittings			25% reducing balance basis
	Office equipment			33% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	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.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					51		49


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							90,000
	At 31 January 2026							90,000

	Amortisation
	At 1 February 2025							62,000
	Provided during the year							4,000
	At 31 January 2026							66,000

	Net book value
	At 31 January 2026							24,000
	At 31 January 2025							28,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

4	Tangible fixed assets
		Leasehold Improvements		Fixtures and fittings		Office Equipment		Total
£			£		£		£
	Cost
	At 1 February 2025	24,260		101,156		209,170		334,586
	Additions	-		1,667		23,549		25,216
	At 31 January 2026	24,260		102,823		232,719		359,802

	Depreciation
	At 1 February 2025	17,687		87,115		189,171		293,973
	Charge for the year	2,426		3,831		13,205		19,462
	At 31 January 2026	20,113		90,946		202,376		313,435

	Net book value
	At 31 January 2026	4,147		11,877		30,343		46,367
	At 31 January 2025	6,573		14,041		19,999		40,613


5	Debtors					2026		2025
£							£

	Trade debtors					730,302		758,065
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					180,000		320,500
	Prepayments					50,711		25,164
	Other debtors					30,288		30,288
						991,301		1,134,017


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					124,135		79,971
	Taxation and social security costs					479,982		397,994
	Accruals					318,267		121,528
	Other creditors					35,697		51,717
						958,081		651,210


7	Deferred taxation					2026		2025
£							£

	At beginning of the year					9,816		22,307
	Charged to profit and loss					1,499		(12,491)

	At end of year					11,315		9,816

	The deferred taxation liability represents accelerated capital allowances.

8	Pension commitments

	The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £131,222 (2025 £136,196). Contributions totalling £Nil (2025 £16,950) were payable to the fund at the balance sheet date.


9	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					324,440		612,107


10	Related party transactions

	Monies owed to Mr. Rath, a Director, by Fabrik Trustees Limited for the acquisition of his Fabrik Holdings Limited shares have been secured against the assets of Fabrik Limited.
	The company is a fully owned subsidiary. FRS 102 does not require disclosure of transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is party to the transaction is wholly owned by such a member.

11	Controlling party

	The ultimate parent company is Fabrik Trustees Limited. That company is owned entirely by a trust, which is known as 'the fabrik Employee Ownership Trust'. That company has the same Registered Office address as Fabrik Limited.


12	Other information

	Fabrik 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