Fabric Innovations Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15146109

Fabric Innovations Ltd

Unaudited financial statements

30 September 2025

Fabric Innovations Ltd

Statement of financial position

30 September 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		517,096		10,012

Current assets

Stocks		179,738	253,749
Debtors	6	583,681	606,626
Cash at bank and in hand		693	8,734
		---------	---------
		764,112	869,109

Creditors: Amounts falling due within one year	7	( 1,908,281)		( 924,454)
		-----------		---------
Net current liabilities			( 1,144,169)		( 55,345)
			-----------		-------
Total assets less current liabilities			( 627,073)		( 45,333)
			---------		-------
Net liabilities			( 627,073)		( 45,333)
			---------		-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 627,173)	( 45,433)
	---------	-------
Shareholders deficit	( 627,073)	( 45,333)
	---------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2026 , and are signed on behalf of the board by:

J A Hancock
Director

Company registration number: 15146109

Fabric Innovations Ltd

Notes to the financial statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Cavendish Road, Bury St Edmunds, IP33 3TE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company incurred a loss of £581,740 during the year and had net liabilities of £627,073 at 30 September 2025. A substantial proportion of the company's liabilities is due to a group undertaking, which has confirmed that repayment will not be sought where this would adversely affect the company's ability to continue trading. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: - Deferred tax assets - Provision for unrelieved losses estimates the level of which will be recoverable in future periods. Further detail of the estimate has been included in the tax accounting policy.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% straight line
Plant and machinery	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 20 (2024: 17 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 October 2024	–	11,125	11,125
Additions	523,320	4,892	528,212
	---------	-------	---------
At 30 September 2025	523,320	16,017	539,337
	---------	-------	---------
Depreciation
At 1 October 2024	–	1,113	1,113
Charge for the year	19,137	1,991	21,128
	---------	-------	---------
At 30 September 2025	19,137	3,104	22,241
	---------	-------	---------
Carrying amount
At 30 September 2025	504,183	12,913	517,096
	---------	-------	---------
At 30 September 2024	–	10,012	10,012
	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	267,485	519,207
Amounts owed by group undertakings	95	95
Other debtors	316,101	87,324
	---------	---------
	583,681	606,626
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	265,741	118,907
Amounts owed to group undertakings	1,291,777	569,154
Social security and other taxes	12,456	40,739
Sales ledger financing	209,624	176,471
Other creditors	128,683	19,183
	-----------	---------
	1,908,281	924,454
	-----------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	186,000	–
Later than 1 year and not later than 5 years	558,000	–
	---------	----
	744,000	–
	---------	----

9. Related party transactions

At the reporting date, the Company had an outstanding balance of £95 due from a group company. The balance is interest-free, unsecured, and repayable on demand. At the reporting date, the Company had an outstanding balance of £1,291,777 due to a group company. The balance is interest-free, unsecured, and repayable on demand.