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ABME ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ABME ELECTRICAL LIMITED (REGISTERED NUMBER: 07645376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABME ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs T Brand
A D Brand





REGISTERED OFFICE: 12 Amberley Close
Calne
Wilts
SN11 9UP





REGISTERED NUMBER: 07645376 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

ABME ELECTRICAL LIMITED (REGISTERED NUMBER: 07645376)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 596 755

CURRENT ASSETS
Stocks 512 550
Debtors 5 5,470 43,820
Prepayments and accrued income 447 -
Cash at bank 16,645 13,395
23,074 57,765
CREDITORS
Amounts falling due within one year 6 4,956 25,315
NET CURRENT ASSETS 18,118 32,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,714

33,205

PROVISIONS FOR LIABILITIES 7 - (143 )

ACCRUALS AND DEFERRED INCOME (1,155 ) -
NET ASSETS 17,559 33,062

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 17,459 32,962
17,559 33,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ABME ELECTRICAL LIMITED (REGISTERED NUMBER: 07645376)

BALANCE SHEET - continued
31 MARCH 2024


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 19 July 2024 and were signed on its behalf by:





A D Brand - Director


ABME ELECTRICAL LIMITED (REGISTERED NUMBER: 07645376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Abme Electrical 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.

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.

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 etc - 25% on cost and 20% on cost

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.

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.

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 2 (2023 - 4 ) .

ABME ELECTRICAL LIMITED (REGISTERED NUMBER: 07645376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,534 26,365 - 30,899
Additions - - 291 291
At 31 March 2024 4,534 26,365 291 31,190
DEPRECIATION
At 1 April 2023 3,779 26,365 - 30,144
Charge for year 377 - 73 450
At 31 March 2024 4,156 26,365 73 30,594
NET BOOK VALUE
At 31 March 2024 378 - 218 596
At 31 March 2023 755 - - 755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,587 37,673
Other debtors 883 6,147
5,470 43,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,920 13,023
Taxation and social security 2,036 1,416
Other creditors - 10,876
4,956 25,315

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 143

Deferred
tax
£   
Balance at 1 April 2023 143
Credit to Income Statement during year (143 )
Balance at 31 March 2024 -

ABME ELECTRICAL LIMITED (REGISTERED NUMBER: 07645376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A D Brand
Balance outstanding at start of year - -
Amounts advanced 882 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 882 -

There are no fixed repayment terms on the loan. Interest is charged at the official rate of interest on loan account balances in excess of £10,000.