ABBA GATE LIMITED

Company Registration Number:
SC551283 (Scotland)

Unaudited statutory accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

ABBA GATE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ABBA GATE LIMITED

Company Information

for the Period Ended 30 November 2021




Director: Olayinka Remilekun Sorinmade
Registered office: 10,Unit 10 Douglas Court
West Hendersons Wynd
Dundee
GB-SCT
DD1 5BY
Company Registration Number: SC551283 (Scotland)

ABBA GATE LIMITED

Directors' Report Period Ended 30 November 2021

The directors present their report with the financial statements of the company for the period ended 30 November 2021

Directors

The directors shown below have held office during the whole of the period from 01 December 2020 to 30 November 2021
Olayinka Remilekun Sorinmade

This report was approved by the board of directors on 18 August 2022
And Signed On Behalf Of The Board By:

Name: Olayinka Remilekun Sorinmade
Status: Director

ABBA GATE LIMITED

Profit and Loss Account

for the Period Ended 30 November 2021


Notes

2021
£

2020
£
Turnover 60,724 26,363
Cost of sales ( 28,692 ) ( 9,731 )
Gross Profit or (Loss) 59,623 33,220
Income from coronavirus (COVID-19) business support grants 27,591 16,588
Administrative Expenses ( 76,936 ) ( 47,693 )
Operating Profit or (Loss) ( 17,313 ) ( 14,473 )
Profit or (Loss) Before Tax ( 17,313 ) ( 14,473 )
Profit or (Loss) for Period ( 17,313 ) ( 14,473 )

The notes form part of these financial statements

ABBA GATE LIMITED

Balance sheet

As at 30 November 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 1,550 2,150
Total fixed assets: 1,550 2,150
Current assets
Debtors: 5 11,244
Cash at bank and in hand: 12 31,640
Total current assets: 11,256 31,640
Creditors: amounts falling due within one year: 6 ( 8,671 )
Net current assets (liabilities): 11,256 22,969
Total assets less current liabilities: 12,806 25,119
Creditors: amounts falling due after more than one year: 7 ( 45,000 ) ( 40,000 )
Total net assets (liabilities): ( 32,194 ) ( 14,881 )

The notes form part of these financial statements

ABBA GATE LIMITED

Balance sheet continued

As at 30 November 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 32,196 ) ( 14,883 )
Shareholders funds: ( 32,194 ) ( 14,881 )

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 August 2022
And Signed On Behalf Of The Board By:

Name: Olayinka Remilekun Sorinmade
Status: Director

The notes form part of these financial statements

ABBA GATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ABBA GATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 2 2

ABBA GATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 3. Off balance sheet disclosure

    No

ABBA GATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible assets

Office equipment Total
Cost £ £
At 01 December 2020 4,350 4,350
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2021 4,350 4,350
Depreciation
At 01 December 2020 2,200 2,200
Charge for year 600 600
On disposals - -
Other adjustments - -
At 30 November 2021 2,800 2,800
Net book value
At 30 November 2021 1,550 1,550
At 30 November 2020 2,150 2,150

ABBA GATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Debtors


2021
£

2020
£
Other debtors 11,244
Total 11,244

ABBA GATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6.Creditors: amounts falling due within one year note


2021
£

2020
£
Other creditors 8,671
Total 8,671

ABBA GATE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

7.Creditors: amounts falling due after more than one year


2021
£

2020
£
Bank loans and overdrafts 45,000 40,000
Total 45,000 40,000