ABATORIA LIMITED

Company Registration Number:
11780216 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

ABATORIA LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Additional notes
Balance sheet notes

ABATORIA LIMITED

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 30,333 32,333
Tangible assets: 4 7,178 7,623
Total fixed assets: 37,511 39,956
Current assets
Debtors: 5 136,809 85,408
Cash at bank and in hand: 56,365 35,146
Total current assets: 193,174 120,554
Creditors: amounts falling due within one year: 6 ( 151,737 ) ( 67,166 )
Net current assets (liabilities): 41,437 53,388
Total assets less current liabilities: 78,948 93,344
Creditors: amounts falling due after more than one year: 7 ( 22,151 ) ( 41,078 )
Provision for liabilities: ( 2,167 ) ( 2,167 )
Total net assets (liabilities): 54,630 50,099
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 54,530 49,999
Total Shareholders' funds: 54,630 50,099

The notes form part of these financial statements

ABATORIA LIMITED

Balance sheet statements

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 19 July 2024
and signed on behalf of the board by:

Name: M Brar - Thompson
Status: Director

The notes form part of these financial statements

ABATORIA 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

    Turnover policy

    Turnover is measured at fair value of the consideration received or receivable, net of discounts and value added tax. Turnover represents commission earned from letting and selling property and income from property maintenance.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives. The annual rates and methods of depreciation are as follows: Furniture, fittings and computer equipment - 15% reducing balance basis Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised in the profit and loss account. The reversal of an impairment loss is recognised immediately in the profit and loss account.

    Intangible fixed assets amortisation policy

    Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made. Amortisation is charged so as to allocate the cost of intangible assets less their residual values over their estimated useful lives. The annual rates and method of depreciation are straight line over 20 years.

    Other accounting policies

    Pension contributions The Company has a defined contribution pension scheme. The pension costs charged to the profit and loss account are the contributions payable in respect of the accounting period. Taxation The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the year using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Creditors Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.

ABATORIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 4

ABATORIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2023 40,000 40,000
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 40,000 40,000
Amortisation
At 1 February 2023 7,667 7,667
Charge for year 2,000 2,000
On disposals
Other adjustments
At 31 January 2024 9,667 9,667
Net book value
At 31 January 2024 30,333 30,333
At 31 January 2023 32,333 32,333

ABATORIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 13,439 13,439
Additions 822 822
Disposals
Revaluations
Transfers
At 31 January 2024 14,261 14,261
Depreciation
At 1 February 2023 5,816 5,816
Charge for year 1,267 1,267
On disposals
Other adjustments
At 31 January 2024 7,083 7,083
Net book value
At 31 January 2024 7,178 7,178
At 31 January 2023 7,623 7,623

ABATORIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 13,871 8,678
Prepayments and accrued income 182 118
Other debtors 122,756 76,612
Total 136,809 85,408

ABATORIA 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 17,161 14,619
Trade creditors 16,164 14,433
Taxation and social security 81,334 36,261
Other creditors 37,078 1,853
Total 151,737 67,166

ABATORIA LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 22,151 41,078
Total 22,151 41,078