1 March 2022 false No description of principal activity Taxfiler 2023.10.1 07152355business:PrivateLimitedCompanyLtd2022-03-012023-02-28 071523552022-02-28 071523552022-03-012023-02-28 07152355business:AuditExemptWithAccountantsReport2022-03-012023-02-28 07152355business:FilletedAccounts2022-03-012023-02-28 071523552023-02-28 07152355business:Director12022-03-012023-02-28 07152355business:Director22022-03-012023-02-28 07152355business:RegisteredOffice2022-03-012023-02-28 071523552022-02-28 07152355core:WithinOneYear2023-02-28 07152355core:WithinOneYear2022-02-28 07152355core:AfterOneYear2023-02-28 07152355core:AfterOneYear2022-02-28 07152355core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 07152355core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 07152355core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07152355core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 07152355core:PreviouslyStatedAmount2023-02-28 07152355core:PreviouslyStatedAmount2022-02-28 07152355business:SmallEntities2022-03-012023-02-28 07152355countries:EnglandWales2022-03-012023-02-28 07152355core:MotorVehicles2022-03-012023-02-28 07152355core:FurnitureFittings2022-03-012023-02-28 07152355core:ComputerEquipment2022-03-012023-02-28 07152355core:MotorVehicles2022-02-28 07152355core:ComputerEquipment2022-02-28 07152355core:MotorVehicles2023-02-28 07152355core:ComputerEquipment2023-02-28 071523552021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07152355 (England and Wales)
ABBA CARS (HIGH WYCOMBE) LIMITED Unaudited accounts for the year ended 28 February 2023
ABBA CARS (HIGH WYCOMBE) LIMITED Unaudited accounts Contents
Page
- 2 -
ABBA CARS (HIGH WYCOMBE) LIMITED Company Information for the year ended 28 February 2023
Directors
Mr. Ghalib Hussain Ms. Mumtaz Hussain
Company Number
07152355 (England and Wales)
Registered Office
Unit 6B Desborough Park Ind. Estate Desborough Park Road High Wycombe Bucks HP12 3BG England
Accountants
G&S ACCOUNTANTS LIMITED First Floor, Victoria House Victoria Street High Wycombe, Bucks England, United Kingdom HP11 2LU
- 3 -
ABBA CARS (HIGH WYCOMBE) LIMITED Accountants' report
Accountants' report to the board of directors of ABBA CARS (HIGH WYCOMBE) LIMITED on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABBA CARS (HIGH WYCOMBE) LIMITED for the year ended 28 February 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ABBA CARS (HIGH WYCOMBE) LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ABBA CARS (HIGH WYCOMBE) LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABBA CARS (HIGH WYCOMBE) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABBA CARS (HIGH WYCOMBE) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ABBA CARS (HIGH WYCOMBE) LIMITED. You consider that ABBA CARS (HIGH WYCOMBE) LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ABBA CARS (HIGH WYCOMBE) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G&S ACCOUNTANTS LIMITED First Floor, Victoria House Victoria Street High Wycombe, Bucks England, United Kingdom HP11 2LU 27 November 2023
- 4 -
ABBA CARS (HIGH WYCOMBE) LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,245 
99,099 
Current assets
Debtors
251,575 
251,575 
Cash at bank and in hand
32,912 
58,651 
284,487 
310,226 
Creditors: amounts falling due within one year
(99,967)
(163,539)
Net current assets
184,520 
146,687 
Total assets less current liabilities
273,765 
245,786 
Creditors: amounts falling due after more than one year
(111,707)
(111,707)
Net assets
162,058 
134,079 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
162,057 
134,078 
Shareholders' funds
162,058 
134,079 
For the year ending 28 February 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 27 November 2023 and were signed on its behalf by
Mr. Ghalib Hussain Director Company Registration No. 07152355
- 5 -
ABBA CARS (HIGH WYCOMBE) LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
ABBA CARS (HIGH WYCOMBE) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07152355. The registered office is Unit 6B Desborough Park Ind. Estate, Desborough Park Road, High Wycombe, Bucks, HP12 3BG, England.
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.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
400,846 
2,841 
403,687 
Additions
12,458 
- 
12,458 
At 28 February 2023
413,304 
2,841 
416,145 
Depreciation
At 1 March 2022
302,100 
2,488 
304,588 
Charge for the year
22,241 
71 
22,312 
At 28 February 2023
324,341 
2,559 
326,900 
Net book value
At 28 February 2023
88,963 
282 
89,245 
At 28 February 2022
98,746 
353 
99,099 
- 6 -
ABBA CARS (HIGH WYCOMBE) LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
251,575 
251,575 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
98,673 
163,539 
Taxes and social security
1,294 
- 
99,967 
163,539 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
19,207 
19,207 
Loans from directors
92,500 
92,500 
111,707 
111,707 
8
Average number of employees
During the year the average number of employees was 3 (2022: 5).
- 7 -