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
AB SMART LIMIT LTD
Company Information
for the year ended 31 August 2023
Company Number
11558737 (England and Wales)
Registered Office
250 BROXBURN DRIVE
SOUTH OCKENDON
RM15 5RH
ENGLAND
AB SMART LIMIT LTD
Statement of financial position
as at 31 August 2023
Tangible assets
27,252
23,304
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
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
AB SMART LIMIT LTD
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Other tangible fixed assets
18%
4
Tangible fixed assets
Motor vehicles
At 1 September 2022
34,490
At 1 September 2022
11,186
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
Trade creditors
2,500
(3,000)
Taxes and social security
416
885
Loans from directors
3,282
1,071
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
20,836
(431)
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).