ABELE DEVELOPMENTS LTD

Company Registration Number:
13098729 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ABELE DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ABELE DEVELOPMENTS LTD

Company Information

for the Period Ended 31 December 2023




Director: Buletin Elezi
Arben Elezi
Registered office: 197
Norman Road
London
England
E11 4RJ
Company Registration Number: 13098729 (England and Wales)

ABELE DEVELOPMENTS LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 6,205 8,717
Total fixed assets: 6,205 8,717
Current assets
Stocks: 786,743 0
Debtors: 15,388 7,204
Cash at bank and in hand: 19,721 313,370
Total current assets: 821,852 320,574
Prepayments and accrued income: 2,014 302
Creditors: amounts falling due within one year: ( 327,868 ) ( 309,497 )
Net current assets (liabilities): 495,998 11,379
Total assets less current liabilities: 502,203 20,096
Creditors: amounts falling due after more than one year: ( 496,354 ) ( 0 )
Total net assets (liabilities): 5,849 20,096

The notes form part of these financial statements

ABELE DEVELOPMENTS LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,749 19,996
Shareholders funds: 5,849 20,096

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 September 2024
And Signed On Behalf Of The Board By:

Name: Buletin Elezi
Status: Director

The notes form part of these financial statements

ABELE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 depreciation policy

    Tangible fixed assets are measured at costs less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset evenly over its expected useful life, as follows:
    Freehold buildings over 50 years
    Leasehold land and buildings over the lease term
    Plant and machinery over 5 years
    Fixture, fittings, tools and equipment over 5 years
    Computer equipment over 2 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

    Other accounting policies

ABELE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 1

ABELE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

ABELE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 13,815
Additions 321
Disposals -
Revaluations -
Transfers -
At 31 December 2023 14,136
Depreciation
At 01 January 2023 5,098
Charge for year 2,833
On disposals -
Other adjustments -
At 31 December 2023 7,931
Net book value
At 31 December 2023 6,205
At 31 December 2022 8,717