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REGISTERED NUMBER: 11630315 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

ABYC LTD

ABYC LTD (REGISTERED NUMBER: 11630315)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ABYC LTD (REGISTERED NUMBER: 11630315)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 141,786 171,594
Debtors 5 6,260 200
Cash at bank 247,573 412,962
395,619 584,756
CREDITORS
Amounts falling due within one year 6 367,291 519,547
NET CURRENT ASSETS 28,328 65,209
TOTAL ASSETS LESS CURRENT LIABILITIES 28,328 65,209

CREDITORS
Amounts falling due after more than one
year

7

19,628

27,337
NET ASSETS 8,700 37,872

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 8,600 37,772
SHAREHOLDERS' FUNDS 8,700 37,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

ABYC LTD (REGISTERED NUMBER: 11630315)

Balance Sheet - continued
31 October 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr A Brown - Director


ABYC LTD (REGISTERED NUMBER: 11630315)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

ABYC LTD is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 11630315

Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

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.

The financial statements have been prepared on a going concern basis.

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

Stocks
Stocks relate to residential property for development, and is valued at the lower of cost and net realisable value, after making due allowance for slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ABYC LTD (REGISTERED NUMBER: 11630315)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


4. STOCKS
2023 2022
£    £   
Stocks 141,786 171,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,260 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20232022
£ £

Bank loans and overdrafts7,884150,185
Taxation and social security3,3753,375
Accruals and deferred income3,9901,980
Other creditors352,042364,007
367,291519,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 19,628 27,337

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,884 7,185
Other loans - 143,000
7,884 150,185

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,628 27,337

ABYC LTD (REGISTERED NUMBER: 11630315)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary £1 80 80
20 Ordinary A £1 20 20
100 100