2023-04-01 07086148 2024-03-31 07086148 2023-04-01 2024-03-31 07086148 2023-03-31 07086148 2022-04-01 2023-03-31 07086148 uk-core:WithinOneYear 2023-03-31 07086148 uk-core:WithinOneYear 2024-03-31 07086148 uk-core:ShareCapital 2024-03-31 07086148 uk-core:ShareCapital 2023-03-31 07086148 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07086148 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07086148 uk-bus:Director1 2023-04-01 2024-03-31 07086148 uk-bus:Director2 2023-04-01 2024-03-31 07086148 uk-core:ComputerEquipment 2023-04-01 2024-03-31 07086148 uk-core:MotorVehicles 2023-04-01 2024-03-31 07086148 uk-core:FurnitureFittings 2023-04-01 2024-03-31 07086148 uk-core:ComputerEquipment 2023-03-31 07086148 uk-core:FurnitureFittings 2023-03-31 07086148 uk-core:MotorVehicles 2023-03-31 07086148 uk-core:MotorVehicles 2024-03-31 07086148 uk-core:FurnitureFittings 2024-03-31 07086148 uk-core:ComputerEquipment 2024-03-31 iso4217:GBP xbrli:pure 07086148 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07086148 uk-bus:FRS102 2023-04-01 2024-03-31 07086148 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 07086148 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Abtec Worcester Limited
Registered Number:07086148
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07086148
As at 31 March 2024
Abtec Worcester Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,568
7,541
2
3,568
7,541
Current assets
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
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
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.
Mr A Attwood Director
Mrs V Attwood Director
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
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4
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.
Registered address:
28-29 New Road
Kidderminster
England
DY10 1AF
The presentation currency is £ sterling.
1. Accounting policies
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:
33% per annum on cost
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
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.
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5
For the year ended 31 March 2024
Abtec Worcester Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
£
£
£
£
Cost or
valuation
At 01 April 2023
26,918
11,529
898
14,491
At 31 March 2024
14,491
898
11,529
26,918
Provision for depreciation and impairment
At 01 April 2023
19,377
7,730
691
10,956
Charge for year
3,973
2,882
207
884
At 31 March 2024
23,350
10,612
898
11,840
At 31 March 2024
Net book value
2,651
-
917
3,568
At 31 March 2023
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
Other creditors
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)
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