2022-08-01 2023-07-31 10863786 ABELINI LIMITED false 10863786 2022-08-01 2023-07-31 10863786 uk-bus:Director1 2022-08-01 2023-07-31 10863786 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10863786 uk-bus:SmallEntities 2022-08-01 2023-07-31 10863786 uk-bus:FullAccounts 2022-08-01 2023-07-31 10863786 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10863786 2022-08-01 10863786 2023-07-31 10863786 2022-07-31 xbrli:pure iso4217:GBP 10863786 2021-08-01 2022-07-31
Company Registration Number : 10863786 (England and Wales)
10863786
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
ABELINI LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
ABELINI LIMITED
Unaudited filleted financial statements
For the year ended 31 July 2023
ABELINI LIMITED
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


ABELINI LIMITED
Company Information
For the year ended 31 July 2023

Company registration number 10863786 (England and Wales)
Director Nileshkumar Bhikbhabhai RAKHOLIA
Registered office address 154 Abercorn Crescent
Harrow
United Kingdom
HA2 0PU
Accountant Ace Accountancy Ltd
144 Station Road
Harrow, Middlesex
HA1 2RH
ABELINI LIMITED
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 7,016 3,655
6 7,016 3,655
Current assets
Inventories 84,250 41,560
Debtors 66,626 121,515
Debtors: Amounts falling due after more than one year - 106,476
Cash and cash equivalents 324,446 149,729
475,322 419,280
Current liabilities
Creditors: Amounts falling due within one year (163,075) (111,160)
Corporation tax payable (11,018) (17,915)
(174,093) (129,076)
Net current assets/(liabilities) 301,229 290,204
Total assets less current liabilities 308,245 293,859
Non-current liabilities
Provision for liabilities (35,000) (35,000)
Net assets/(liabilities) 273,245 258,859
Capital and reserves
Called up share capital 1 1
Retained earnings 273,244 258,858
Shareholder's funds 273,245 258,859
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 22 March 2024
.............................
Nileshkumar Bhikbhabhai RAKHOLIA (Director)
Company registration number: 10863786
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Fixed Assets 7,016 3,655
Current Assets 475,322 419,280
Creditors: amounts falling due within one year (174,093) (129,076)
Net current assets (liabilities) 301,229 290,204
Total assets less current liabilities 308,245 293,859
Provisions for liabilities (35,000) (35,000)
Net Assets (liabilities) 273,245 258,859
Capital and Reserves 273,245 258,859
For the year ending 31/07/2023 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. For the year ending 31-07-2023 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 22 March 2024 2024-03-22 and signed on behalf of the board,
.............................
Nileshkumar Bhikbhabhai RAKHOLIA
Director
Company registration number: 10863786
ABELINI LIMITED
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 154 Abercorn Crescent, Harrow, United Kingdom, HA2 0PU.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 5 (2022 : 5).

(6) Fixed assets
Tangible

£
Cost
As at 01 August 20225,257
Additions5,700
As at 31 July 202310,957
Depreciation/Amortisation
As at 01 August 20221,603
For the year2,339
As at 31 July 20233,942
Net book value
As at 31 July 20237,015
As at 31 July 20223,654