Fabrick Design Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08868242 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2016 to 31 December 2017

for

Fabrick Design Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A V Stringer

A J Kakembo

REGISTERED OFFICE:

Unit 21, Westbourne Studios

242 Acklam Road

London

W10 5JJ

REGISTERED NUMBER:

08868242 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

5 Technology Park

Colindeep Lane

Colindale

London

NW9 6BX

CURRENT ASSETS

Stocks

3

-

867,489

Debtors

4

18,407

4,141

Cash at bank

158,543

10,414

176,950

882,044

CREDITORS

Amounts falling due within one year

5

161,149

366,321

NET CURRENT ASSETS

15,801

515,723

TOTAL ASSETS LESS CURRENT LIABILITIES

15,801

515,723

CREDITORS

Amounts falling due after more than one year

6

-

426,295

NET ASSETS

15,801

89,428

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

15,799

89,426

SHAREHOLDERS' FUNDS

15,801

89,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 February 2018 and were signed on its behalf by:

A V Stringer - Director

A J Kakembo - Director

1.	STATUTORY INFORMATION

Fabrick Design Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of residential property, stated net of value added tax. Income is recognised when the

contract for sale becomes unconditional.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

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.

3.

STOCKS

2017

2016

£

£

Stock of property

-

867,489

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation recoverable

18,407

4,141

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

-

10,574

Directors' current accounts

158,024

353,047

Accrued expenses

3,125

2,700

161,149

366,321

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans due after more than five years

-

426,295

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans due after more than five years

-

426,295

7.	FIRST YEAR ADOPTION

These are the first financial statements that comply with Financial Reporting Standard 102 Section 1A small

entities. The date of transition is 1 November 2015 and no material transitional adjustments were required in

equity or profit and loss for the year.