1 January 2023 false No description of principal activity Taxfiler 2024.5 NI675801business:PrivateLimitedCompanyLtd2023-01-012023-12-31 NI6758012022-12-31 NI6758012023-01-012023-12-31 NI675801business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 NI675801business:FilletedAccounts2023-01-012023-12-31 NI6758012023-12-31 NI675801business:Director12023-01-012023-12-31 NI675801business:RegisteredOffice2023-01-012023-12-31 NI6758012022-12-31 NI675801core:WithinOneYear2023-12-31 NI675801core:WithinOneYear2022-12-31 NI675801core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI675801core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 NI675801core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI675801core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 NI675801core:PreviouslyStatedAmount2023-12-31 NI675801core:PreviouslyStatedAmount2022-12-31 NI675801business:SmallEntities2023-01-012023-12-31 NI675801countries:NorthernIreland2023-01-012023-12-31 NI675801core:MotorVehicles2022-12-31 NI675801core:MotorVehicles2023-01-012023-12-31 NI675801core:MotorVehicles2023-12-31 NI6758012022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. NI675801 (Northern Ireland)
ABC WORLDWIDE LTD Unaudited accounts for the year ended 31 December 2023
ABC WORLDWIDE LTD Unaudited accounts Contents
Page
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ABC WORLDWIDE LTD Company Information for the year ended 31 December 2023
Director
Swinder Singh Chawla
Company Number
NI675801 (Northern Ireland)
Registered Office
307B, FORSYTH HOUSE CROMAC SQUARE BELFAST COUNTY ANTRIM BT2 8LA NORTHERN IRELAND
Accountants
Protax Chartered Certified Accountants 371 Bordesley Green Birmingham Westmidlands B9 5RP
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ABC WORLDWIDE LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
(13,723)
- 
Current assets
Inventories
44,170 
27,590 
Cash at bank and in hand
778,520 
1,155,693 
822,690 
1,183,283 
Creditors: amounts falling due within one year
(212,875)
(203,635)
Net current assets
609,815 
979,648 
Net assets
596,092 
979,648 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
595,992 
979,548 
Shareholders' funds
596,092 
979,648 
For the year ending 31 December 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 15 August 2024 and were signed on its behalf by
Swinder Singh Chawla Director Company Registration No. NI675801
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ABC WORLDWIDE LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ABC WORLDWIDE LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI675801. The registered office is 307B, FORSYTH HOUSE CROMAC SQUARE, BELFAST, COUNTY ANTRIM, BT2 8LA, NORTHERN IRELAND.
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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 company is cliaming exemption from Audit as its assets are less than £5.1M and emplyees are less than 50.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2023
- 
Additions
(13,723)
At 31 December 2023
(13,723)
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
(13,723)
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Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
191,772 
69,106 
Taxes and social security
21,103 
134,529 
212,875 
203,635 
6
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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