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REGISTERED NUMBER: 09202427 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Abel Electrical (UK) Limited

Abel Electrical (UK) Limited (Registered number: 09202427)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abel Electrical (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P Abel





REGISTERED OFFICE: 12 Tower Court
Lubenham
Market Harborough
Leicestershire
LE16 9SY





REGISTERED NUMBER: 09202427 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Abel Electrical (UK) Limited (Registered number: 09202427)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 3,344 3,962
6,344 9,962

CURRENT ASSETS
Stocks 360 360
Debtors 6 1,350 393
Cash at bank 402 4,485
2,112 5,238
CREDITORS
Amounts falling due within one year 7 7,226 5,773
NET CURRENT LIABILITIES (5,114 ) (535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,230

9,427

PROVISIONS FOR LIABILITIES 635 -
NET ASSETS 595 9,427

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 495 9,327
SHAREHOLDERS' FUNDS 595 9,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Abel Electrical (UK) Limited (Registered number: 09202427)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





P Abel - Director


Abel Electrical (UK) Limited (Registered number: 09202427)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Abel Electrical (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is written off over ten years except where, in the opinion of the director, there has been no diminution in value.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Abel Electrical (UK) Limited (Registered number: 09202427)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 12,000
AMORTISATION
At 1 January 2023 6,000
Charge for year 3,000
At 31 December 2023 9,000
NET BOOK VALUE
At 31 December 2023 3,000
At 31 December 2022 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 16,052
Additions 329
At 31 December 2023 16,381
DEPRECIATION
At 1 January 2023 12,090
Charge for year 947
At 31 December 2023 13,037
NET BOOK VALUE
At 31 December 2023 3,344
At 31 December 2022 3,962

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,350 393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,687 -
Tax 4,442 4,136
Social security and other taxes 40 174
Directors' current accounts 37 443
Accrued expenses 1,020 1,020
7,226 5,773

Abel Electrical (UK) Limited (Registered number: 09202427)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1.00 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,500 (2022 - £13,000) were paid to the director .