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REGISTERED NUMBER: 13564567 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 December 2023

for

ABCAM DEVELOPMENTS LIMITED

ABCAM DEVELOPMENTS LIMITED (Registered number: 13564567)






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


ABCAM DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A J Brown
C A Montgomery





REGISTERED OFFICE: System 3
Denton Hall Farm Road
Denton
M34 2SY





REGISTERED NUMBER: 13564567 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

ABCAM DEVELOPMENTS LIMITED (Registered number: 13564567)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252,328 182,287

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 38,992 11,347
Cash at bank 42,454 58,258
111,446 99,605
CREDITORS
Amounts falling due within one year 6 108,441 123,997
NET CURRENT ASSETS/(LIABILITIES) 3,005 (24,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,333

157,895

CREDITORS
Amounts falling due after more than
one year

7

(49,830

)

(26,185

)

PROVISIONS FOR LIABILITIES (63,082 ) (32,277 )
NET ASSETS 142,421 99,433

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 142,419 99,431
SHAREHOLDERS' FUNDS 142,421 99,433

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 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.

ABCAM DEVELOPMENTS LIMITED (Registered number: 13564567)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





A J Brown - Director


ABCAM DEVELOPMENTS LIMITED (Registered number: 13564567)

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

1. STATUTORY INFORMATION

ABCAM DEVELOPMENTS 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ABCAM DEVELOPMENTS LIMITED (Registered number: 13564567)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 3 ) .

ABCAM DEVELOPMENTS LIMITED (Registered number: 13564567)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 200,033
Additions 134,635
Disposals (18,396 )
At 31 December 2023 316,272
DEPRECIATION
At 1 January 2023 17,746
Charge for year 51,947
Eliminated on disposal (5,749 )
At 31 December 2023 63,944
NET BOOK VALUE
At 31 December 2023 252,328
At 31 December 2022 182,287

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 48,198
Additions 50,885
At 31 December 2023 99,083
DEPRECIATION
At 1 January 2023 3,012
Charge for year 19,470
At 31 December 2023 22,482
NET BOOK VALUE
At 31 December 2023 76,601
At 31 December 2022 45,186

ABCAM DEVELOPMENTS LIMITED (Registered number: 13564567)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 26,142 300
Other debtors 12,850 11,047
38,992 11,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 6,853 4,626
Trade creditors 41,950 54,822
Taxation and social security 41,339 13,752
Other creditors 18,299 50,797
108,441 123,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 49,830 26,185

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 56,683 30,811

9. RELATED PARTY DISCLOSURES

This company trades with related parties where the outstanding balances due to these at the end of the year was £1,495.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.