Registered number
14499823
ABS BP London Ltd
Unaudited Filleted Accounts
31 December 2023
ABS BP London Ltd
Registered number: 14499823
Balance Sheet
as at 31 December 2023
Notes 31/12/23 30/11/23
£ £
Fixed assets
Tangible assets 3 19,330 19,614
Current assets
Debtors 4 18,226 14,373
Cash at bank and in hand 1,137 20
19,363 14,393
Creditors: amounts falling due within one year 5 (39,917) (38,950)
Net current liabilities (20,554) (24,557)
Net liabilities (1,224) (4,943)
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,324) (5,043)
Shareholder's funds (1,224) (4,943)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Connor O'Brien
Director
Approved by the board on 16 September 2024
ABS BP London Ltd
Notes to the Accounts
for the period from 1 December 2023 to 31 December 2023
1 Accounting policies
Turnover
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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 31/12/23 30/11/23
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions -
At 31 December 2023 22,741
Depreciation
Charge for the period 284
At 31 December 2023 3,411
Net book value
At 31 December 2023 19,330
4 Debtors 31/12/23 30/11/23
£ £
Other debtors 18,226 14,373
5 Creditors: amounts falling due within one year 31/12/23 30/11/23
£ £
Other creditors 39,917 38,950
6 Contingent liabilities
The company has entered into a full repair and maintenance lease on it's trading premises. Upon expiry of the lease the company will be subject to a dilapidations claim from the landlord in order to put the building back in it's original state. This amount has been reasonably estimated at £60,546.08 and has been recognised as a contingent liability by the company.
7 Other information
ABS BP London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St. Mary's Road
Garston
Liverpool
Merseyside
L19 0NQ
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