ABL Financial Services Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ABL Financial Services Limited for the year ended 30 September 2023 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABL Financial Services Limited for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance |
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. |
|
Rothwell & Co |
Chartered Accountants |
4 Hall Close |
Bramhope |
Leeds |
|
LS16 9JQ |
|
30 October 2023 |
|
ABL Financial Services Limited |
Registered number: |
09237855 |
Balance Sheet |
as at 30 September 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
9,800 |
|
|
- |
Cash at bank and in hand |
|
|
926 |
|
|
29,006 |
|
|
|
10,726 |
|
|
29,006 |
|
Creditors: amounts falling due within one year |
4 |
|
(3,696) |
|
|
(9,738) |
|
Net current assets |
|
|
|
7,030 |
|
|
19,268 |
|
Total assets less current liabilities |
|
|
|
7,030 |
|
|
19,268 |
|
|
Net assets |
|
|
|
7,030 |
|
|
19,268 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
10 |
|
|
10 |
Profit and loss account |
|
|
|
7,020 |
|
|
19,258 |
|
Shareholders' funds |
|
|
|
7,030 |
|
|
19,268 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
A Benn-Landale |
Director |
Approved by the board on 30 October 2023 |
|
ABL Financial Services Limited |
Notes to the Accounts |
for the year ended 30 September 2023 |
|
|
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 (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Director loan account |
9,800 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Taxation and social security costs |
2,912 |
|
8,954 |
|
Other creditors |
784 |
|
784 |
|
|
|
|
|
|
3,696 |
|
9,738 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
ABL Financial Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
16 Parklands Crescent |
|
Bramhope |
|
Leeds |
|
LS16 9JQ |