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REGISTERED NUMBER: 04980353 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

A1 BN UK Ltd

A1 BN UK Ltd (Registered number: 04980353)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A1 BN UK Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A Loudiyi





SECRETARY: Mrs N Loudiyi





REGISTERED OFFICE: A1BN Service Centre
Cavendish Road
Stevenage
Hertfordshire
SG1 2ET





REGISTERED NUMBER: 04980353 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

A1 BN UK Ltd (Registered number: 04980353)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 100
Tangible assets 5 94,867 98,935
Investments 6 14,537 14,537
109,404 113,572

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 7 12,012 21,925
Cash at bank and in hand 132,930 86,750
152,442 116,175
CREDITORS
Amounts falling due within one year 8 126,420 105,338
NET CURRENT ASSETS 26,022 10,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,426

124,409

PROVISIONS FOR LIABILITIES 9 17,585 18,797
NET ASSETS 117,841 105,612

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 117,741 105,512
SHAREHOLDERS' FUNDS 117,841 105,612

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 director acknowledges his 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.

A1 BN UK Ltd (Registered number: 04980353)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





A Loudiyi - Director


A1 BN UK Ltd (Registered number: 04980353)

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

1. STATUTORY INFORMATION

A1 BN UK Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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.


A1 BN UK Ltd (Registered number: 04980353)

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 2,000
AMORTISATION
At 1 November 2022 1,900
Charge for year 100
At 31 October 2023 2,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 100

A1 BN UK Ltd (Registered number: 04980353)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2022 2,242 153,724 40,519
Additions - 22,446 983
At 31 October 2023 2,242 176,170 41,502
DEPRECIATION
At 1 November 2022 - 125,544 36,428
Charge for year - 10,694 1,269
At 31 October 2023 - 136,238 37,697
NET BOOK VALUE
At 31 October 2023 2,242 39,932 3,805
At 31 October 2022 2,242 28,180 4,091

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 102,596 43,082 342,163
Additions - 1,170 24,599
At 31 October 2023 102,596 44,252 366,762
DEPRECIATION
At 1 November 2022 47,352 33,904 243,228
Charge for year 13,811 2,893 28,667
At 31 October 2023 61,163 36,797 271,895
NET BOOK VALUE
At 31 October 2023 41,433 7,455 94,867
At 31 October 2022 55,244 9,178 98,935

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.10.23 31.10.22
£    £   
Classic Vehicles 14,537 14,537

A1 BN UK Ltd (Registered number: 04980353)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 12,012 21,925

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 89,468 30,482
Taxation and social security 38,511 34,526
Other creditors (1,559 ) 40,330
126,420 105,338

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 17,585 18,797

Deferred
tax
£   
Balance at 1 November 2022 18,797
Accelerated Capital Allowances (1,212 )
Balance at 31 October 2023 17,585

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 November 2022 105,512
Profit for the year 108,369
Dividends (96,140 )
At 31 October 2023 117,741

A1 BN UK Ltd (Registered number: 04980353)

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

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.10.23 31.10.22
£    £   
A Loudiyi
Balance outstanding at start of year - 12,500
Amounts advanced 7,500 -
Amounts repaid - (12,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,500 -

The Director repaid £7,500 after the year end.

13. ULTIMATE CONTROLLING PARTY

The company is not under the control of any individual shareholder.

The Director does control the company with the benefit of associated shareholdings.