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REGISTERED NUMBER: 02431631 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ABIVUE LIMITED

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ABIVUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs S P Angenent





REGISTERED OFFICE: New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ





BUSINESS ADDRESS: Rosemary Lodge Residential Home
191 Walsall Road
Lichfield
Staffordshire
WS13 8AQ





REGISTERED NUMBER: 02431631 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 749,081 788,412

Current assets
Stocks 8,000 8,000
Debtors 5 81,952 27,520
Cash at bank and in hand 651,794 565,053
741,746 600,573
Creditors
Amounts falling due within one year 6 172,595 129,604
Net current assets 569,151 470,969
Total assets less current liabilities 1,318,232 1,259,381

Provisions for liabilities 33,214 26,590
Net assets 1,285,018 1,232,791

Capital and reserves
Called up share capital 8 27,500 27,500
Retained earnings 1,257,518 1,205,291
Shareholders' funds 1,285,018 1,232,791

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 her 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.

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

STATEMENT OF FINANCIAL POSITION - 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 25 September 2024 and were signed by:





Mrs S P Angenent - Director


ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Abivue 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 10% on cost and 10% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 46 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 824,338 1,072,309 1,896,647
Additions - 62,594 62,594
At 31 December 2023 824,338 1,134,903 1,959,241
DEPRECIATION
At 1 January 2023 379,346 728,889 1,108,235
Charge for year 16,487 85,438 101,925
At 31 December 2023 395,833 814,327 1,210,160
NET BOOK VALUE
At 31 December 2023 428,505 320,576 749,081
At 31 December 2022 444,992 343,420 788,412

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,717 8,676
Other debtors 15,235 18,844
81,952 27,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,726
Trade creditors 50,167 33,489
Taxation and social security 114,306 80,000
Other creditors 8,122 13,389
172,595 129,604

ABIVUE LIMITED (REGISTERED NUMBER: 02431631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 2,726

The bank loan is secured by way of a first legal charge over the freehold property 191 Walsall Road, Lichfield, Staffordshire, WS13 8AQ and a fixed and floating charge over all property and assets present and future including goodwill, book debts and the benefits of any licences.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
27,500 Ordinary £1 27,500 27,500

9. RELATED PARTY DISCLOSURES

At the year end, the company owed the director £561 (2022: £561). This loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

Abivue Limited is a subsidiary of Froz Limited, a company registered in Guernsey and whose registered office address is Suite 6, Provident House, Havilland Street, St Peter Port, Guernsey, GY1 2QE.