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REGISTERED NUMBER: 09612017 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

A & B Financial Ltd

A & B Financial Ltd (Registered number: 09612017)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A & B Financial Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A Burns
B Green





REGISTERED OFFICE: 555 Smithdown Road
Liverpool
Merseyside
L15 5AF





REGISTERED NUMBER: 09612017 (England and Wales)





ACCOUNTANTS: Corbett & Co Accountants Ltd
Chartered Certified Accountants
555 Smithdown Road
Liverpool
Merseyside
L15 5AF

A & B Financial Ltd (Registered number: 09612017)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,176 6,686

CURRENT ASSETS
Debtors 5 13,526 11,011
Cash at bank 27,365 38,516
40,891 49,527
CREDITORS
Amounts falling due within one year 6 14,105 13,942
NET CURRENT ASSETS 26,786 35,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,962

42,271

CREDITORS
Amounts falling due after more than one
year

7

32,640

41,766
NET ASSETS 322 505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222 405
SHAREHOLDERS' FUNDS 322 505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:



A Burns - Director



B Green - Director


A & B Financial Ltd (Registered number: 09612017)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

A & B Financial Ltd 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2022 21,173
Additions 832
At 31 May 2023 22,005
DEPRECIATION
At 1 June 2022 14,487
Charge for year 1,342
At 31 May 2023 15,829
NET BOOK VALUE
At 31 May 2023 6,176
At 31 May 2022 6,686

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 13,526 11,011

A & B Financial Ltd (Registered number: 09612017)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors - 53
Taxation and social security 13,469 13,259
Other creditors 636 630
14,105 13,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 32,640 41,766