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REGISTERED NUMBER: 03753133 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 January 2024

for

Abate Limited

Abate Limited (Registered number: 03753133)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountant's Report 10

Abate Limited

Company Information
for the Period 1 May 2023 to 31 January 2024







DIRECTORS: J Blake
Mrs J V Blake





SECRETARY: Mrs J V Blake





REGISTERED OFFICE: Hawkfield House
20, Chapel Road
Morley St. Botolph
Wymondham
Norfolk
NR18 9TF





REGISTERED NUMBER: 03753133 (England and Wales)





ACCOUNTANT: Annatrice Limited
Chartered Certified Accountant
Registered Auditor
10 The Thoroughfare
Harleston
Norfolk
IP20 9AX

Abate Limited (Registered number: 03753133)

Balance Sheet
31 January 2024

31.1.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 67,937 96,300
Tangible assets 5 259,501 116,148
Investments 6 72,488 451,135
399,926 663,583

CURRENT ASSETS
Stocks 63,300 28,850
Debtors 7 177,041 168,920
Cash at bank and in hand 248,255 18,549
488,596 216,319
CREDITORS
Amounts falling due within one year 8 254,848 284,521
NET CURRENT ASSETS/(LIABILITIES) 233,748 (68,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

633,674

595,381

CREDITORS
Amounts falling due after more than
one year

9

(142,141

)

(136,121

)

PROVISIONS FOR LIABILITIES (64,430 ) (28,570 )
NET ASSETS 427,103 430,690

Abate Limited (Registered number: 03753133)

Balance Sheet - continued
31 January 2024

31.1.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 427,101 430,688
427,103 430,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:




J Blake - Director



Mrs J V Blake - Director


Abate Limited (Registered number: 03753133)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 January 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Abate Limited (Registered number: 03753133)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 21 (2023 - 16 ) .

Abate Limited (Registered number: 03753133)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023 160,500 4,200 164,700
Disposals (5,717 ) - (5,717 )
At 31 January 2024 154,783 4,200 158,983
AMORTISATION
At 1 May 2023 64,200 4,200 68,400
Charge for period 22,646 - 22,646
At 31 January 2024 86,846 4,200 91,046
NET BOOK VALUE
At 31 January 2024 67,937 - 67,937
At 30 April 2023 96,300 - 96,300

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 257,038
Additions 176,632
Disposals (20,250 )
At 31 January 2024 413,420
DEPRECIATION
At 1 May 2023 140,890
Charge for period 28,376
Eliminated on disposal (15,347 )
At 31 January 2024 153,919
NET BOOK VALUE
At 31 January 2024 259,501
At 30 April 2023 116,148

Abate Limited (Registered number: 03753133)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 157,250
Additions 158,906
Disposals (20,250 )
At 31 January 2024 295,906
DEPRECIATION
At 1 May 2023 77,271
Charge for period 21,650
Eliminated on disposal (15,347 )
At 31 January 2024 83,574
NET BOOK VALUE
At 31 January 2024 212,332
At 30 April 2023 79,979

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 451,135
Impairments (378,647 )
At 31 January 2024 72,488
NET BOOK VALUE
At 31 January 2024 72,488
At 30 April 2023 451,135

Abate Limited (Registered number: 03753133)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 30.4.23
£    £   
Trade debtors 148,746 145,588
Other debtors 28,295 23,332
177,041 168,920

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 30.4.23
£    £   
Bank loans and overdrafts - 7,268
Hire purchase contracts (see note 10)
65,588

19,283
Trade creditors 21,418 19,755
Amounts owed to group undertakings - 112,065
Taxation and social security 96,439 106,023
Other creditors 71,403 20,127
254,848 284,521

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 30.4.23
£    £   
Bank loans - 77,253
Hire purchase contracts (see note 10)
142,141

58,868
142,141 136,121

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 30.4.23
£    £   
Net obligations repayable:
Within one year 65,588 19,283
Between one and five years 142,141 58,868
207,729 78,151

Abate Limited (Registered number: 03753133)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 January 2024

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.1.24 30.4.23
£    £   
Within one year 8,822 2,457
Between one and five years 11,763 4,052
20,585 6,509

11. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 30.4.23
£    £   
Bank loans - 84,521
Hire purchase contracts 207,729 78,151
207,729 162,672

The bank loan is secured by a debenture provided by the company and the hire purchase liabilities are secured on the assets to which they relate.

12. RELATED PARTY DISCLOSURES

During the period, total dividends of £141,598 were paid to the directors .

During the period all the trade, employees, tangible assets and hire purchase agreements in the subsidiary company Monitor Pest Control Limited were transferred to Abate Limited at net book value and a dividend in specie was declared a to clear the remaining inter-company loan account. Monitor Pest Control Limited ceased to trade at the same time. Impairment has been recognised on the investment in the subsidiary company thus reducing it to the net asset total that remains in it's balance sheet.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs J Blake.

The ultimate controlling party is Mr and Mrs J Blake.

Chartered Certified Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Abate Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Abate Limited for the period ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Abate Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Abate Limited and state those matters that I have agreed to state to the Board of Directors of Abate Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Abate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abate Limited. You consider that Abate Limited is exempt from the statutory audit requirement for the period.

I have not been instructed to carry out an audit or a review of the financial statements of Abate Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Annatrice Limited
Chartered Certified Accountant
Registered Auditor
10 The Thoroughfare
Harleston
Norfolk
IP20 9AX


20 March 2024