Registered number
10463917
Abel & Cain Limited
Dormant Company Acounts
for the year ended 31 October 2023
Abel & Cain Limited
Registered number: 10463917
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 700 700
Creditors: amounts falling due within one year 5 (47,920) (47,920)
Net current liabilities (47,920) (47,920)
Net liabilities (47,220) (47,220)
Capital and reserves
Called up share capital 100 100
Profit and loss account (47,320) (47,320)
Shareholders' funds (47,220) (47,220)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Z Chaka
Director
Approved by the board on 31 July 2024
Abel & Cain Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Taxation
Corporation Tax has not been provided due to the company not trading.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Plant and machinery
£
Cost
At 1 November 2022 3,500
At 31 October 2023 3,500
Depreciation
At 1 November 2022 2,800
At 31 October 2023 2,800
Net book value
At 31 October 2023 700
At 31 October 2022 700
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other loans 1,001 1,001
Accrual 280 280
Director's loan account 46,639 46,639
47,920 47,920
6 Profit and loss account 2023
£
At 1 November 2022 (47,320)
Loss for the year -
At 31 October 2023 (47,320)
7 Related party transactions
There were no related party transactions during the financial year
8 Controlling party
The ultimate controlling parties are the Directors and Shareholders Mr M Mohamed, Mr Z Chaka and Mr M Adam.
9 Other information
Abel & Cain Limited is a private company limited by shares and incorporated in England. Its registered office is:
33 Billinge Avenue
Blackburn
BB2 6SJ
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