Company Registration No. 10782134 (England and Wales)
ABS24 LTD
Unaudited accounts
for the year ended 31 May 2023
ABS24 LTD
Unaudited accounts
Contents
ABS24 LTD
Company Information
for the year ended 31 May 2023
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
ABS24 LTD
Statement of financial position
as at 31 May 2023
Tangible assets
26,012
8,868
Cash at bank and in hand
122,386
42,922
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)
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
ABS24 LTD
Notes to the Accounts
for the year ended 31 May 2023
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.
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: 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
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
At 31 May 2023
21,073
4,012
927
26,012
At 31 May 2022
1,498
7,370
-
8,868
Amounts falling due within one year
Trade debtors
52,668
145,484
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)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 2).