| Fabrika Interiors Limited |
| Registered number: |
00764487 |
| Balance Sheet |
| as at 5 April 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
222 |
|
|
322 |
| Investments |
3 |
|
|
673,694 |
|
|
687,068 |
|
|
|
|
673,916 |
|
|
687,390 |
|
| Current assets |
| Debtors |
4 |
|
11,806 |
|
|
2,687 |
| Cash at bank and in hand |
|
|
14,879 |
|
|
87,688 |
|
|
|
26,685 |
|
|
90,375 |
|
| Creditors: amounts falling due within one year |
5 |
|
(3,665) |
|
|
(2,735) |
|
| Net current assets |
|
|
|
23,020 |
|
|
87,640 |
|
| Net assets |
|
|
|
696,936 |
|
|
775,030 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
7,000 |
|
|
8,000 |
| Capital Redemption Reserve |
6 |
|
|
2,093,386 |
|
|
2,188,386 |
| Profit and loss account |
|
|
|
(1,403,450) |
|
|
(1,421,356) |
|
| Shareholders' funds |
|
|
|
696,936 |
|
|
775,030 |
|
|
|
|
|
|
|
|
| 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 members have 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. |
|
|
|
|
| J. A. McCormack |
| Director |
| Approved by the board on 14 August 2017 |
|
| Fabrika Interiors Limited |
| Notes to the Accounts |
| for the period from 1 May 2016 to 5 April 2017 |
|
|
| 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. |
|
|
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: |
|
|
Motor vehicles |
25% straight line |
|
Fixtures & fittings, |
20% straight line |
|
|
Investments |
|
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
|
|
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. |
|
|
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. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Fixtures & fittings |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2016 |
3,873 |
|
13,924 |
|
17,797 |
|
At 5 April 2017 |
3,873 |
|
13,924 |
|
17,797 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2016 |
3,553 |
|
13,922 |
|
17,475 |
|
Charge for the period |
100 |
|
- |
|
100 |
|
At 5 April 2017 |
3,653 |
|
13,922 |
|
17,575 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 5 April 2017 |
220 |
|
2 |
|
222 |
|
At 30 April 2016 |
320 |
|
2 |
|
322 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 May 2016 |
687,068 |
|
Disposals |
(13,374) |
|
|
At 5 April 2017 |
673,694 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
11,806 |
|
2,687 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
3,665 |
|
2,735 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Capital Redemption Reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
At 1 May 2016 |
2,188,386 |
|
2,188,386 |
|
Redemption of share capital |
(95,000) |
|
- |
|
|
At 5 April 2017 |
2,093,386 |
|
2,188,386 |
|
|
|
|
|
|
|
|
|
