ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Company Registration Number:
06793912 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Jeremy Kay
Registered office: Fairbank
Town End
Norton St. Philip
Bath
England
BA2 7LQ
Company Registration Number: 06793912 (England and Wales)

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

Supplier of Engineering Consumables

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Jeremy Kay

This report was approved by the board of directors on 18 September 2024
And Signed On Behalf Of The Board By:

Name: Jeremy Kay
Status: Director

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 74,725 70,158
Cost of sales ( 46,652 ) ( 44,430 )
Gross Profit or (Loss) 28,073 25,728
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 12,500 ) ( 12,000 )
Administrative Expenses ( 15,355 ) ( 16,012 )
Other operating income 0 0
Operating Profit or (Loss) 218 ( 2,284 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 218 ( 2,284 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period 218 ( 2,284 )

The notes form part of these financial statements

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 422 422
Total fixed assets: 422 422
Current assets
Stocks: 22,294 20,503
Debtors: 5 13,292 10,832
Cash at bank and in hand: 0 0
Total current assets: 35,586 31,335
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 22,522 ) ( 28,678 )
Net current assets (liabilities): 13,064 2,657
Total assets less current liabilities: 13,486 3,079
Creditors: amounts falling due after more than one year: 7 ( 3,669 ) ( 5,277 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 9,817 ( 2,198 )

The notes form part of these financial statements

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 20 20
Revaluation reserve: 8 9,579 66
Profit and loss account: 218 ( 2,284 )
Shareholders funds: 9,817 ( 2,198 )

For the year ending 31 January 2024 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.

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 18 September 2024
And Signed On Behalf Of The Board By:

Name: Jeremy Kay
Status: Director

The notes form part of these financial statements

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 February 2023 422 422
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 January 2024 422 422
Depreciation
At 01 February 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 January 2024 0 0
Net book value
At 31 January 2024 422 422
At 31 January 2023 422 422

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 13,292 10,832
Prepayments and accrued income 0 0
Other debtors 0 0
Total 13,292 10,832
Debtors due after more than one year: 0 0

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 15,120 13,683
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 7,402 8,149
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 6,846
Total 22,522 28,678

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 3,669 5,277
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 3,669 5,277

ABRASIVES & TOOLING 2 INDUSTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

8. Revaluation reserve


2024
£
Balance at 01 February 2023 66
Surplus or deficit after revaluation 9,513
Balance at 31 January 2024 9,579