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Company Registration No. 10782134 (England and Wales)
ABS24 LTD Unaudited accounts for the year ended 31 May 2023
ABS24 LTD Unaudited accounts Contents
Page
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ABS24 LTD Company Information for the year ended 31 May 2023
Director
Alexandru Simion
Company Number
10782134 (England and Wales)
Registered Office
1 SEA KING WAY WESTON-SUPER-MARE SOMERSET BS24 8FQ UNITED KINGDOM
Accountants
APROTAX Limited 14 Fogarty Park Road Bristol BS15 8FR
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ABS24 LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,012 
8,868 
Current assets
Debtors
52,668 
145,484 
Cash at bank and in hand
122,386 
42,922 
175,054 
188,406 
Creditors: amounts falling due within one year
(133,196)
(115,130)
Net current assets
41,858 
73,276 
Total assets less current liabilities
67,870 
82,144 
Creditors: amounts falling due after more than one year
(30,833)
(40,834)
Net assets
37,037 
41,310 
Capital and reserves
Profit and loss account
37,037 
41,310 
Shareholders' funds
37,037 
41,310 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 5 February 2024 and were signed on its behalf by
Alexandru Simion Director Company Registration No. 10782134
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ABS24 LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
ABS24 LTD is a private company, limited by shares, registered in England and Wales, registration number 10782134. The registered office is 1 SEA KING WAY, WESTON-SUPER-MARE, SOMERSET, BS24 8FQ, UNITED KINGDOM.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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: 20% SL
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
3,348 
15,782 
- 
19,130 
Additions
21,364 
- 
1,309 
22,673 
At 31 May 2023
24,712 
15,782 
1,309 
41,803 
Depreciation
At 1 June 2022
1,850 
8,412 
- 
10,262 
Charge for the year
1,789 
3,358 
382 
5,529 
At 31 May 2023
3,639 
11,770 
382 
15,791 
Net book value
At 31 May 2023
21,073 
4,012 
927 
26,012 
At 31 May 2022
1,498 
7,370 
- 
8,868 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,668 
145,484 
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ABS24 LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
104,576 
85,802 
Loans from directors
(1,847)
(24)
Accruals
30,467 
29,352 
133,196 
115,130 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,833 
40,834 
8
Average number of employees
During the year the average number of employees was 0 (2022: 2).
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