Company Registration No. 09861826 (England and Wales)
One Abacus Limited
Unaudited accounts
for the year ended 30 November 2023
One Abacus Limited
Unaudited accounts
Contents
One Abacus Limited
Company Information
for the year ended 30 November 2023
Company Number
09861826 (England and Wales)
Registered Office
21 Hambrook Road
London
SE25 4HL
One Abacus Limited
Statement of financial position
as at 30 November 2023
Tangible assets
67,604
30,108
Cash at bank and in hand
4,567
53,936
Creditors: amounts falling due within one year
(27,924)
(28,170)
Net current assets
14,305
60,398
Total assets less current liabilities
81,909
90,506
Creditors: amounts falling due after more than one year
(81,806)
(88,894)
Called up share capital
100
100
Profit and loss account
3
1,512
Shareholders' funds
103
1,612
For the year ending 30 November 2023 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 his 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 12 May 2024 and were signed on its behalf by
Ryan Morton
Director
Company Registration No. 09861826
One Abacus Limited
Notes to the Accounts
for the year ended 30 November 2023
One Abacus Limited is a private company, limited by shares, registered in England and Wales, registration number 09861826. The registered office is 21 Hambrook Road, London, SE25 4HL.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line Basis
Motor vehicles
20% Straight Line Basis
Computer equipment
25% Straight Line Basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
2,014
41,984
9,053
53,051
Additions
-
61,416
-
61,416
Disposals
-
(41,984)
-
(41,984)
At 30 November 2023
2,014
61,416
9,053
72,483
At 1 December 2022
1,684
18,193
3,066
22,943
Charge for the year
43
7,697
86
7,826
On disposals
-
(25,890)
-
(25,890)
At 30 November 2023
1,727
-
3,152
4,879
At 30 November 2023
287
61,416
5,901
67,604
At 30 November 2022
330
23,791
5,987
30,108
One Abacus Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
34,098
17,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
19,402
18,878
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
27,522
31,402
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).