Registered Number:07086148 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Abtec Worcester Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Abtec Worcester Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
3,568
7,541
2
3,568
7,541
129,427
Cash and cash equivalents |
116,719
116,719
129,427
Trade and other payables: amounts falling due within one |
year |
(7,179)
(5,284)
3
122,248
111,435
Net current assets
Total assets less current liabilities |
115,003
129,789
-
(1,433)
Provisions for liabilities |
115,003
Net assets
128,356
1,000
1,000
114,003
127,356
115,003
128,356
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 02 July 2024 and were signed by: |
The notes form part of these financial statements |
1 of 3
For the year ended 31 March 2024
Abtec Worcester Limited
Notes to the Financial Statements
Statutory Information
Abtec Worcester Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07086148. |
28-29 New Road
Kidderminster
England
DY10 1AF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Taxation
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. |
2 of 3
For the year ended 31 March 2024
Abtec Worcester Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
26,918
11,529
898
14,491
14,491
898
11,529
26,918
Provision for depreciation and impairment |
19,377
7,730
691
10,956
Charge for year
3,973
2,882
207
884
23,350
10,612
898
11,840
2,651
-
917
3,568
3,535
207
3,799
7,541
3. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
-
2,652
5,284
4,527
5,284
7,179
4. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
3 of 3