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REGISTERED NUMBER: 04204030 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ABTUS LIMITED

ABTUS LIMITED (REGISTERED NUMBER: 04204030)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABTUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R A Owen
C P Welsh
P J Claydon
S J Parrett
Miss H Carter





SECRETARY: R A Owen





REGISTERED OFFICE: Falconer Road
Haverhill
Suffolk
CB9 7XU





REGISTERED NUMBER: 04204030 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

ABTUS LIMITED (REGISTERED NUMBER: 04204030)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,053,031 1,028,000
1,053,031 1,028,000

CURRENT ASSETS
Stocks 256,511 219,120
Debtors 6 390,450 471,230
Cash at bank and in hand 444,235 194,399
1,091,196 884,749
CREDITORS
Amounts falling due within one year 7 466,101 375,946
NET CURRENT ASSETS 625,095 508,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,678,126

1,536,803

CREDITORS
Amounts falling due after more than one
year

8

(312,844

)

(372,470

)

PROVISIONS FOR LIABILITIES (12,381 ) (1,803 )
NET ASSETS 1,352,901 1,162,530

CAPITAL AND RESERVES
Called up share capital 11,000 11,000
Retained earnings 1,341,901 1,151,530
SHAREHOLDERS' FUNDS 1,352,901 1,162,530

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

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

ABTUS LIMITED (REGISTERED NUMBER: 04204030)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by:




R A Owen - Director P J Claydon - Director




C P Welsh - Director S J Parrett - Director




Miss H Carter - Director


ABTUS LIMITED (REGISTERED NUMBER: 04204030)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Abtus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Intangible fixed assets
Intangible fixed assets are initially measured at cost. After initial recognition, intangible fixed assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% straight line
Improvements to property - at varying rates on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

In addition provision is made for impairment losses to reduce fixed assets to a recoverable amount where it is lower than the carrying value.


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ABTUS LIMITED (REGISTERED NUMBER: 04204030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 90,592
AMORTISATION
At 1 January 2023
and 31 December 2023 90,592
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

ABTUS LIMITED (REGISTERED NUMBER: 04204030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 1,055,081 9,725 250,999
Additions - - 47,046
At 31 December 2023 1,055,081 9,725 298,045
DEPRECIATION
At 1 January 2023 40,759 9,725 237,321
Charge for year 14,400 - 7,615
At 31 December 2023 55,159 9,725 244,936
NET BOOK VALUE
At 31 December 2023 999,922 - 53,109
At 31 December 2022 1,014,322 - 13,678

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 23,375 18,647 32,094 1,389,921
Additions - - - 47,046
At 31 December 2023 23,375 18,647 32,094 1,436,967
DEPRECIATION
At 1 January 2023 23,375 18,647 32,094 361,921
Charge for year - - - 22,015
At 31 December 2023 23,375 18,647 32,094 383,936
NET BOOK VALUE
At 31 December 2023 - - - 1,053,031
At 31 December 2022 - - - 1,028,000

Included in cost of land and buildings is freehold land of £ 576,719 (2022 - £ 576,719 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 361,051 451,842
Directors' loan accounts 20,000 -
Prepayments 9,399 19,388
390,450 471,230

ABTUS LIMITED (REGISTERED NUMBER: 04204030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 59,625 57,704
Trade creditors 170,949 192,066
Taxation 71,912 35,329
Social security and other taxes 21,980 23,167
VAT 53,543 45,992
Other creditors 498 432
Accrued expenses 87,594 21,256
466,101 375,946

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 61,679 59,625
Bank loans - 2-5 years 198,342 191,644
Bank loans 52,823 121,201
312,844 372,470

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 52,823 121,201

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 372,469 430,174

Bank borrowings are secured by a charge over the company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R A Owen
Balance outstanding at start of year - -
Amounts advanced 20,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,000 -

The above loan is interest free and repayable upon demand.