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REGISTERED NUMBER: 06256335 (England and Wales)















Unaudited Financial Statements

for the Year Ended 5 April 2023

for

ABSTRACKED SOLUTIONS LIMITED

ABSTRACKED SOLUTIONS LIMITED (REGISTERED NUMBER: 06256335)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABSTRACKED SOLUTIONS LIMITED

Company Information
for the Year Ended 5 April 2023







DIRECTOR: P W Abbott





SECRETARY: S Burgess





REGISTERED OFFICE: 122 Birches Lane
South Wingfield
Alfreton
Derbyshire
DE55 7LZ





REGISTERED NUMBER: 06256335 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

ABSTRACKED SOLUTIONS LIMITED (REGISTERED NUMBER: 06256335)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,807 4,904

CURRENT ASSETS
Debtors 5 532,571 418,303
Cash at bank 364,688 418,425
897,259 836,728
CREDITORS
Amounts falling due within one year 6 108,409 53,009
NET CURRENT ASSETS 788,850 783,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

792,657

788,623

PROVISIONS FOR LIABILITIES 7 838 932
NET ASSETS 791,819 787,691

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 791,818 787,690
SHAREHOLDERS' FUNDS 791,819 787,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ABSTRACKED SOLUTIONS LIMITED (REGISTERED NUMBER: 06256335)

Balance Sheet - continued
5 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:





P W Abbott - Director


ABSTRACKED SOLUTIONS LIMITED (REGISTERED NUMBER: 06256335)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Abstracked Solutions 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.

2. ACCOUNTING POLICIES

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the net invoiced value of health and safety support, training, and technical authoring services, excluding value added tax. Turnover is recognised in accordance with the contract terms and by reference to the valuation of time spent.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

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

ABSTRACKED SOLUTIONS LIMITED (REGISTERED NUMBER: 06256335)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work in progress
Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract, at the year end.

Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 6 April 2022
and 5 April 2023 4,184 23,242 27,426
DEPRECIATION
At 6 April 2022 1,607 20,915 22,522
Charge for year 515 582 1,097
At 5 April 2023 2,122 21,497 23,619
NET BOOK VALUE
At 5 April 2023 2,062 1,745 3,807
At 5 April 2022 2,577 2,327 4,904

ABSTRACKED SOLUTIONS LIMITED (REGISTERED NUMBER: 06256335)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

5. DEBTORS
5.4.23 5.4.22
£    £   
Amounts falling due within one year:
Trade debtors 193,387 63,167
Directors' current accounts 249,071 265,023
442,458 328,190

Amounts falling due after more than one year:
Corporation tax 90,113 90,113

Aggregate amounts 532,571 418,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade creditors 63,114 -
Corporation tax 32,008 22,223
Social security and other taxes 1,706 1,768
VAT 9,281 27,218
Accrued expenses 2,300 1,800
108,409 53,009

7. PROVISIONS FOR LIABILITIES
5.4.23 5.4.22
£    £   
Deferred tax 838 932

Deferred
tax
£   
Balance at 6 April 2022 932
Accelerated capital allowances (94 )
Balance at 5 April 2023 838

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.23 5.4.22
value: £    £   
1 Ordinary £1 1 1

ABSTRACKED SOLUTIONS LIMITED (REGISTERED NUMBER: 06256335)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Throughout the year the director's current account was overdrawn. At 5 April 2022 the overdrawn balance on the director's current account was £265,023, which was also the maximum amount owing to the company in the year. At 5 April 2023 the overdrawn balance on the director's current account had reduced to £249,071. No interest has been charged by the company on the director's overdrawn current account in the year. After the year end, the overdrawn balance has remained outstanding.