Company Registration No. 09681218 (England and Wales)
ABAB AND CO LIMITED
Unaudited accounts
for the year ended 31 July 2024
ABAB AND CO LIMITED
Unaudited accounts
Contents
ABAB AND CO LIMITED
Company Information
for the year ended 31 July 2024
Director
Dr Annette Onaolapo
Company Number
09681218 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
England
Accountants
Olaando Consulting Ltd
7 Bell Yard
London
WC2A 2JR
ABAB AND CO LIMITED
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
482
15
Creditors: amounts falling due within one year
3,643
(6,959)
Net current assets/(liabilities)
4,125
(6,944)
Net assets/(liabilities)
4,125
(6,944)
Called up share capital
1
1
Profit and loss account
4,124
(6,945)
Shareholders' funds
4,125
(6,944)
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 August 2024 and were signed on its behalf by
Dr Annette Onaolapo
Director
Company Registration No. 09681218
ABAB AND CO LIMITED
Notes to the Accounts
for the year ended 31 July 2024
ABAB AND CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09681218. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line
4
Tangible fixed assets
Computer equipment
ABAB AND CO LIMITED
Notes to the Accounts
for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,723
-
Loans from directors
(5,866)
6,509
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).