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REGISTERED NUMBER: 10493850 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

ABINGTON X LIMITED

ABINGTON X LIMITED (REGISTERED NUMBER: 10493850)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABINGTON X LIMITED

COMPANY INFORMATION
for the Year Ended 30 DECEMBER 2023







DIRECTORS: Mrs J MacCormick
R Bozacigurbuz





REGISTERED OFFICE: 88 North Street
Hornchurch
Essex
RM11 1SR





REGISTERED NUMBER: 10493850 (England and Wales)






ABINGTON X LIMITED (REGISTERED NUMBER: 10493850)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,888 6,844

CURRENT ASSETS
Debtors 5 69,883 15,939
Cash at bank and in hand 305,896 280,774
375,779 296,713
CREDITORS
Amounts falling due within one year 6 178,042 155,898
NET CURRENT ASSETS 197,737 140,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,625

147,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 202,525 147,559
202,625 147,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





R Bozacigurbuz - Director


ABINGTON X LIMITED (REGISTERED NUMBER: 10493850)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 DECEMBER 2023

1. STATUTORY INFORMATION

Abington X 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.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 50% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

ABINGTON X LIMITED (REGISTERED NUMBER: 10493850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 31 December 2022
and 30 December 2023 20,000 1,896 10,258 32,154
DEPRECIATION
At 31 December 2022 20,000 1,359 3,951 25,310
Charge for year - 379 1,577 1,956
At 30 December 2023 20,000 1,738 5,528 27,266
NET BOOK VALUE
At 30 December 2023 - 158 4,730 4,888
At 30 December 2022 - 537 6,307 6,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 64,299 15,939
Prepayments 5,584 -
69,883 15,939

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 37,068 29,242
Trade creditors 61,249 50,526
Tax 19,260 10,435
Directors' current accounts 59,625 64,855
Accrued expenses 840 840
178,042 155,898

7. ULTIMATE CONTROLLING PARTY

The company is under no overall control by any one party due to no shareholder owning a majority of the issued share capital.