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REGISTERED NUMBER: 11062485 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

ABR ENGINEERING LTD

ABR ENGINEERING LTD (REGISTERED NUMBER: 11062485)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABR ENGINEERING LTD

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mr B J Rowbottom
Mr A D Rowbottom





REGISTERED OFFICE: 15 Mercer Drive
Great Harwood
Blackburn
BB6 7TX





REGISTERED NUMBER: 11062485 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

ABR ENGINEERING LTD (REGISTERED NUMBER: 11062485)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,668 42,613

CURRENT ASSETS
Debtors 5 112,617 85,173
Cash at bank 6,551 19,306
119,168 104,479
CREDITORS
Amounts falling due within one year 6 52,221 40,524
NET CURRENT ASSETS 66,947 63,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,615

106,568

PROVISIONS FOR LIABILITIES 8,677 8,096
NET ASSETS 103,938 98,472

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,838 98,372
SHAREHOLDERS' FUNDS 103,938 98,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

ABR ENGINEERING LTD (REGISTERED NUMBER: 11062485)

Balance Sheet - continued
30th November 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 Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





Mr B J Rowbottom - Director


ABR ENGINEERING LTD (REGISTERED NUMBER: 11062485)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

ABR Engineering 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.

Revenue recognition
Revenue represents the value of goods and services, net of value added tax, provided to customers. Revenue is recognised when the following conditions are satisfied:

- the benefits of the services passes to the customers,
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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
Computer equipment - 33.3% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

ABR ENGINEERING LTD (REGISTERED NUMBER: 11062485)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st December 2022 70,427 965 71,392
Additions 14,000 - 14,000
At 30th November 2023 84,427 965 85,392
DEPRECIATION
At 1st December 2022 27,814 965 28,779
Charge for year 10,945 - 10,945
At 30th November 2023 38,759 965 39,724
NET BOOK VALUE
At 30th November 2023 45,668 - 45,668
At 30th November 2022 42,613 - 42,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 71,017 47,640
Other debtors 41,421 37,383
Prepayments 179 150
112,617 85,173

ABR ENGINEERING LTD (REGISTERED NUMBER: 11062485)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 29,837 6,424
Tax 1,992 11,280
VAT 11,216 13,556
Directors' current accounts 7,976 8,164
Accrued expenses 1,200 1,100
52,221 40,524

7. RELATED PARTY DISCLOSURES

At the 30th November 2023, the company owed £7,976 to its directors (2022: £8,164). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

At the 30th November 2023, the company was owed £41,421 from Ashley Engineering Accrington LLP (2022: £37,383), a partnership that the directors are partners of. No interest has been charged by the company in respect of this loan and there is a formal repayment date of 31st August 2024.