13201332falseinvestment company2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2022-02-28http://www.companieshouse.gov.uk/cd:Director12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-03-012023-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-02-28http://www.companieshouse.gov.uk/2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/cd:FRS1022022-03-012023-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-03-012023-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 13201332

Abbital Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
Montague Kaye
Accountants and Registered Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU

Abbital Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
Mr A Balkin
REGISTERED OFFICE
82 Reddish Road
Stockport
Cheshire
SK5 7QU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13201332
ACCOUNTANTS
Montague Kaye
Accountants and Registered Auditors
82 Reddish Road
Reddish
Stockport
Cheshire
SK5 7QU

Abbital Limited

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Abbital Limited

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3630-
Investment Assets41,234,617-
1,235,247-
CURRENT ASSETS
Debtors51,272,9911,027,869
Cash at bank and in hand482,906167,033
1,755,8971,194,902
CREDITORS: Amounts falling due within one year61,692,4651,186,630
NET CURRENT ASSETS63,4328,272
TOTAL ASSETS LESS CURRENT LIABILITIES1,298,6798,272
CAPITAL AND RESERVES
Called up share capital71001
Other reserves81,234,518-
Profit and loss account64,0618,271
SHAREHOLDERS' FUNDS1,298,6798,272
For the year ending 28/02/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/11/2023 and signed on their behalf by
.............................
Mr A Balkin
Director

Abbital Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions840840
At 28/02/2023840840
Depreciation
For the year210210
At 28/02/2023210210
Net Book Amounts
At 28/02/2023630630

Abbital Limited

4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
Additions1,234,6171,234,617
At 28/02/20231,234,6171,234,617
Amortisation
Net Book Amounts
At 28/02/20231,234,6171,234,617
5. DEBTORS 20232022
££
Amounts falling due within one year
Loans and advances to customers1,257,5941,018,992
Prepayments15,3978,877
1,272,9911,027,869
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax12,9161,940
Directors current account1,186,7431,183,730
Accruals1,500960
Amounts due to group companies491,306-
1,692,4651,186,630

Abbital Limited

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
75 Ordinary A shares of £1 each751
25 Ordinary B shares of £1 each25
1001
New shares issued during period:
74 Ordinary A shares of £1 each741
25 Ordinary B shares of £1 each25
991
8. OTHER RESERVES 20232022
££
Other reserves1,234,518-
1,234,518-
9. RELATED PARTY TRANSACTIONS
The company was under the control of Mr and Mrs A Balkin, whom were directors and shareholders throughout the current and prevoius year.
During the year the company acquired 100% of the share capital of ADM Manchester Limited, a company registered in the uk, Company Number 09992123. This compay was also owed by the directors.
As at the year end the company owed its subsidary £491,305, the loan was interest free and repayable on demand.