1 April 2023 false No description of principal activity Taxfiler 2024.1 05810874business:PrivateLimitedCompanyLtd2023-04-012024-04-10 058108742023-03-31 058108742023-04-012024-04-10 05810874business:AuditExemptWithAccountantsReport2023-04-012024-04-10 05810874business:FilletedAccounts2023-04-012024-04-10 058108742024-04-10 05810874business:Director12023-04-012024-04-10 05810874business:RegisteredOffice2023-04-012024-04-10 058108742023-03-31 05810874core:WithinOneYear2024-04-10 05810874core:WithinOneYear2023-03-31 05810874core:AfterOneYear2024-04-10 05810874core:AfterOneYear2023-03-31 05810874core:ShareCapitalcore:PreviouslyStatedAmount2024-04-10 05810874core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 05810874core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-10 05810874core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05810874core:PreviouslyStatedAmount2024-04-10 05810874core:PreviouslyStatedAmount2023-03-31 05810874business:SmallEntities2023-04-012024-04-10 05810874countries:EnglandWales2023-04-012024-04-10 05810874core:PlantMachinery2023-04-012024-04-10 05810874core:Goodwill2023-03-31 05810874core:Goodwill2023-04-012024-04-10 05810874core:Goodwill2024-04-10 05810874core:PlantMachinery2023-03-31 05810874core:PlantMachinery2024-04-10 058108742022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 05810874 (England and Wales)
abacus IFA Limited Unaudited accounts for the period from 1 April 2023 to 10 April 2024
abacus IFA Limited Unaudited accounts Contents
Page
- 2 -
abacus IFA Limited Company Information for the period from 1 April 2023 to 10 April 2024
Director
Neil Richmond
Company Number
05810874 (England and Wales)
Registered Office
3a Blue Sky Way Monkton Business Park South Hebburn NE31 2EQ United Kingdom
Accountants
D C Smallbone & Co 3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ
- 3 -
abacus IFA Limited Statement of financial position as at 10 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
2,792 
Tangible assets
- 
1,379 
- 
4,171 
Current assets
Cash at bank and in hand
- 
70,139 
Creditors: amounts falling due within one year
10,000 
(38,421)
Net current assets
10,000 
31,718 
Total assets less current liabilities
10,000 
35,889 
Creditors: amounts falling due after more than one year
- 
(21,667)
Provisions for liabilities
Deferred tax
- 
(262)
Net assets
10,000 
13,960 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
- 
3,960 
Shareholders' funds
10,000 
13,960 
For the period ending 10 April 2024 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 27 November 2023 and were signed on its behalf by
Neil Richmond Director Company Registration No. 05810874
- 4 -
abacus IFA Limited Notes to the Accounts for the period from 1 April 2023 to 10 April 2024
1
Statutory information
abacus IFA Limited is a private company, limited by shares, registered in England and Wales, registration number 05810874. The registered office is 3a Blue Sky Way, Monkton Business Park South, Hebburn, NE31 2EQ, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
15%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
13,992 
Disposals
(13,992)
At 10 April 2024
- 
Amortisation
At 1 April 2023
11,200 
On disposals
(11,200)
At 10 April 2024
- 
Net book value
At 10 April 2024
- 
At 31 March 2023
2,792 
- 5 -
abacus IFA Limited Notes to the Accounts for the period from 1 April 2023 to 10 April 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
7,002 
Disposals
(7,002)
At 10 April 2024
- 
Depreciation
At 1 April 2023
5,623 
On disposals
(5,623)
At 10 April 2024
- 
Net book value
At 10 April 2024
- 
At 31 March 2023
1,379 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
10,000 
Trade creditors
- 
1,175 
Taxes and social security
- 
27,228 
Loans from directors
(10,000)
18 
(10,000)
38,421 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
21,667 
8
Average number of employees
During the period the average number of employees was 4 (2023: 4).
- 6 -