Registered number
14479920
ABBY A LTD
Filleted Accounts
31 October 2023
ABBY A LTD
Registered number: 14479920
Balance Sheet
as at 31 October 2023
Notes 2023
£
Fixed assets
Tangible assets 3 2,742
Current assets
Debtors 4 10,230
Cash at bank and in hand 11,301
21,531
Creditors: amounts falling due within one year 5 (5,449)
Net current assets 16,082
Net assets 18,824
Capital and reserves
Called up share capital 1
Profit and loss account 18,823
Shareholder's funds 18,824
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
ABIODUN ADEOYE
Director
Approved by the board on 10 November 2023
ABBY A LTD
Notes to the Accounts
for the year ended 31 October 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery over 10 years
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.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 3,047
At 31 October 2023 3,047
Depreciation
Charge for the year 305
At 31 October 2023 305
Net book value
At 31 October 2023 2,742
4 Debtors 2023
£
Other debtors 10,230
5 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 4,945
Other creditors 504
5,449
6 Post Balance sheet Events
A Directors loan of £10,000 was paid back on the 6th of November.
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Abiodun Adeoye
[Loan 1] - 10,230 - 10,230
- 10,230 - 10,230
8 Controlling party
The company is under the full control of the Director, by virtue of them owning the fully issued share capital
9 Other information
ABBY A LTD is a private company limited by shares and incorporated in England. Its registered office is:
15 LOWER LODGE AVENUE
RUGBY
CV21 1NU
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