Company Registration No. 09985618 (England and Wales)
ABC RACKING (UK) LTD
Unaudited accounts
for the year ended 31 January 2023
ABC RACKING (UK) LTD
Unaudited accounts
Contents
ABC RACKING (UK) LTD
Company Information
for the year ended 31 January 2023
Directors
Andrew Price
Christopher James-Kane
Company Number
09985618 (England and Wales)
Registered Office
5 Highate Business Centre
Highgate Road
Birmingham
B12 8EA
United Kingdom
Accountants
Mayfield
1st Floor, 5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
ABC RACKING (UK) LTD
Statement of financial position
as at 31 January 2023
Tangible assets
116,360
96,597
Inventories
120,058
142,558
Cash at bank and in hand
437,000
336,937
Creditors: amounts falling due within one year
(226,900)
(276,840)
Net current assets
678,609
406,946
Total assets less current liabilities
794,969
503,543
Provisions for liabilities
Deferred tax
(29,090)
(18,353)
Net assets
765,879
485,190
Called up share capital
100
100
Profit and loss account
765,779
485,090
Shareholders' funds
765,879
485,190
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2023 and were signed on its behalf by
Andrew Price
Director
Company Registration No. 09985618
ABC RACKING (UK) LTD
Notes to the Accounts
for the year ended 31 January 2023
ABC RACKING (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 09985618. The registered office is 5 Highate Business Centre, Highgate Road, Birmingham, B12 8EA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
119,710
26,888
19,268
165,866
Additions
37,879
-
20,671
58,550
At 31 January 2023
157,589
26,888
39,939
224,416
At 1 February 2022
39,637
18,381
11,251
69,269
Charge for the year
29,488
2,127
7,172
38,787
At 31 January 2023
69,125
20,508
18,423
108,056
At 31 January 2023
88,464
6,380
21,516
116,360
At 31 January 2022
80,073
8,507
8,017
96,597
ABC RACKING (UK) LTD
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
139,117
143,701
Amounts falling due after more than one year
Amounts due from group undertakings etc.
209,334
60,590
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,910
-
Trade creditors
70,938
151,918
Taxes and social security
144,614
124,484
Loans from directors
438
438
7
Deferred taxation
2023
2022
Accelerated capital allowances
29,090
18,353
Provision at start of year
18,353
6,629
Charged to the profit and loss account
10,737
11,724
Provision at end of year
29,090
18,353
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).