Company Registration No. 11083326 (England and Wales)
Abila Ltd
Unaudited accounts
for the year ended 30 November 2023
Abila Ltd
Unaudited accounts
Contents
Abila Ltd
Company Information
for the year ended 30 November 2023
Directors
S J Aslam
A J Aslam
Company Number
11083326 (England and Wales)
Registered Office
29 Whitehall Terrace
Pallion
SUNDERLAND
Tyne & Wear
SR4 7SR
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Abila Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
44,549
38,680
Cash at bank and in hand
5,809
6,902
Creditors: amounts falling due within one year
(32,788)
(25,586)
Net current liabilities
(26,979)
(18,684)
Total assets less current liabilities
17,570
19,996
Creditors: amounts falling due after more than one year
(4,976)
(10,830)
Called up share capital
100
100
Profit and loss account
12,494
9,066
Shareholders' funds
12,594
9,166
For the year ending 30 November 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 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 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 of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by
S J Aslam
Director
Company Registration No. 11083326
Abila Ltd
Notes to the Accounts
for the year ended 30 November 2023
Abila Ltd is a private company, limited by shares, registered in England and Wales, registration number 11083326. The registered office is 29 Whitehall Terrace, Pallion, SUNDERLAND, Tyne & Wear, SR4 7SR, 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:
Plant & machinery
20 % Reduction balance
Fixtures & fittings
20 % Reduction balance
Computer equipment
25 % Reduction balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
38,046
105
529
38,680
Additions
15,491
-
1,350
16,841
At 30 November 2023
53,537
105
1,879
55,521
Charge for the year
10,708
21
243
10,972
At 30 November 2023
10,708
21
243
10,972
At 30 November 2023
42,829
84
1,636
44,549
At 30 November 2022
38,046
105
529
38,680
Abila Ltd
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,023
-
Obligations under finance leases and hire purchase contracts
-
191
Taxes and social security
2,698
2,698
Loans from directors
25,567
12,007
6
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Current accounts
(12,007)
(26,699)
(13,139)
(25,567)
(12,007)
(26,699)
(13,139)
(25,567)
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).