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

FABRIC HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09559479

Fabric Holdings Ltd

Filleted Unaudited Financial Statements

30 April 2019

Fabric Holdings Ltd

Statement of Financial Position

30 April 2019

	2019	2018
Note	£	£

Current assets

Cash at bank and in hand	46	313

Creditors: amounts falling due within one year	4	3,845	3,626
		-------	-------
Net current liabilities		3,799	3,313
		-------	-------
Total assets less current liabilities		( 3,799)	( 3,313)
		-------	-------
Net liabilities		( 3,799)	( 3,313)
		-------	-------

Capital and reserves

Called up share capital	10	10
Profit and loss account	( 3,809)	( 3,323)
	-------	-------
Shareholders deficit	( 3,799)	( 3,313)
	-------	-------

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 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 income and retained earnings has not been delivered.

For the year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 13 January 2020 , and are signed on behalf of the board by:

Mr F White

Director

Company registration number: 09559479

Fabric Holdings Ltd

Notes to the Financial Statements

Year ended 30 April 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 The Quadrant, Coventry, CV1 2EL, England.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on the going concern basis as the director and shareholders will continue to support the ongoing obligations of the business for a period of a least 12 months from the date of signing the balance sheet.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	354	–
Other creditors	3,491	3,626
	-------	-------
	3,845	3,626
	-------	-------

5. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2019
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr F White	( 2,703)	( 23)	( 2,726)
Mr R Clayton	( 203)	( 208)	( 411)
	-------	----	-------
	( 2,906)	( 231)	( 3,137)
	-------	----	-------

	2018
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr F White	5	( 2,708)	( 2,703)
Mr R Clayton	5	( 208)	( 203)
	----	-------	-------
	10	( 2,916)	( 2,906)
	----	-------	-------