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Company Registration No. 11558737 (England and Wales)
AB SMART LIMIT LTD Unaudited accounts for the year ended 31 August 2023
AB SMART LIMIT LTD Unaudited accounts Contents
Page
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AB SMART LIMIT LTD Company Information for the year ended 31 August 2023
Director
IVO BADEV
Company Number
11558737 (England and Wales)
Registered Office
250 BROXBURN DRIVE SOUTH OCKENDON RM15 5RH ENGLAND
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AB SMART LIMIT LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,252 
23,304 
Current assets
Cash at bank and in hand
5,204 
(5,361)
Creditors: amounts falling due within one year
(7,858)
(4,139)
Net current liabilities
(2,654)
(9,500)
Total assets less current liabilities
24,598 
13,804 
Creditors: amounts falling due after more than one year
(29,859)
(10,300)
Net (liabilities)/assets
(5,261)
3,504 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(5,262)
3,503 
Shareholders' funds
(5,261)
3,504 
For the year ending 31 August 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 23 February 2024 and were signed on its behalf by
IVO BADEV Director Company Registration No. 11558737
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AB SMART LIMIT LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
AB SMART LIMIT LTD is a private company, limited by shares, registered in England and Wales, registration number 11558737. The registered office is 250 BROXBURN DRIVE, SOUTH OCKENDON, RM15 5RH, 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
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:
Plant & machinery
18%
Motor vehicles
6%-18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2022
34,490 
Additions
30,033 
Disposals
(34,490)
At 31 August 2023
30,033 
Depreciation
At 1 September 2022
11,186 
Charge for the year
2,781 
On disposals
(11,186)
At 31 August 2023
2,781 
Net book value
At 31 August 2023
27,252 
At 31 August 2022
23,304 
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AB SMART LIMIT LTD Notes to the Accounts for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
877 
- 
Trade creditors
2,500 
(3,000)
Taxes and social security
416 
885 
Other creditors
- 
4,400 
Loans from directors
3,282 
1,071 
Accruals
783 
783 
7,858 
4,139 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,023 
10,731 
Obligations under finance leases and hire purchase contracts
20,836 
(431)
29,859 
10,300 
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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