Company Registration No. 10220430 (England and Wales)
ABG TILING & HOME IMPROVEMENTS LIMITED
Unaudited accounts
for the year ended 30 June 2024
ABG TILING & HOME IMPROVEMENTS LIMITED
Unaudited accounts
Contents
ABG TILING & HOME IMPROVEMENTS LIMITED
Company Information
for the year ended 30 June 2024
Company Number
10220430 (England and Wales)
Registered Office
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
ENGLAND
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
ABG TILING & HOME IMPROVEMENTS LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
2,974
3,738
Cash at bank and in hand
2,688
7,431
Creditors: amounts falling due within one year
(2,173)
(4,875)
Net current assets
2,515
4,556
Total assets less current liabilities
5,489
8,294
Creditors: amounts falling due after more than one year
(5,116)
(7,491)
Called up share capital
(100)
(100)
Profit and loss account
473
903
Shareholders' funds
373
803
For the year ending 30 June 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 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 21 August 2024 and were signed on its behalf by
Adam Greenaway
Director
Company Registration No. 10220430
ABG TILING & HOME IMPROVEMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
ABG TILING & HOME IMPROVEMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10220430. The registered office is POST OFFICE VAULTS, 4 MARKET PLACE, WANTAGE, OXFORDSHIRE, OX12 8AT, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
ABG TILING & HOME IMPROVEMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
19,888
280
20,168
At 30 June 2024
19,888
500
20,388
At 1 July 2023
16,150
280
16,430
Charge for the year
934
50
984
At 30 June 2024
17,084
330
17,414
At 30 June 2024
2,804
170
2,974
At 30 June 2023
3,738
-
3,738
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,155
2,155
Taxes and social security
11,853
7,968
Loans from directors
(11,835)
(5,248)
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).