IRIS Accounts Production v24.1.0.578 07787318 director 1.4.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077873182023-03-31077873182024-03-31077873182023-04-012024-03-31077873182022-03-31077873182022-04-012023-03-31077873182023-03-3107787318ns15:EnglandWales2023-04-012024-03-3107787318ns14:PoundSterling2023-04-012024-03-3107787318ns10:Director12023-04-012024-03-3107787318ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107787318ns10:SmallEntities2023-04-012024-03-3107787318ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107787318ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107787318ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107787318ns10:FullAccounts2023-04-012024-03-3107787318ns10:CompanySecretary12023-04-012024-03-3107787318ns10:RegisteredOffice2023-04-012024-03-3107787318ns5:CurrentFinancialInstruments2024-03-3107787318ns5:CurrentFinancialInstruments2023-03-3107787318ns5:Non-currentFinancialInstruments2024-03-3107787318ns5:Non-currentFinancialInstruments2023-03-3107787318ns5:ShareCapital2024-03-3107787318ns5:ShareCapital2023-03-3107787318ns5:RetainedEarningsAccumulatedLosses2024-03-3107787318ns5:RetainedEarningsAccumulatedLosses2023-03-3107787318ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107787318ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107787318ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3107787318ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-31
REGISTERED NUMBER: 07787318 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ABACUS AC SOLUTIONS LTD

ABACUS AC SOLUTIONS LTD (REGISTERED NUMBER: 07787318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABACUS AC SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N Byrne





SECRETARY:





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 07787318 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

ABACUS AC SOLUTIONS LTD (REGISTERED NUMBER: 07787318)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 40,178 -
Debtors 4 134,883 113,654
Cash at bank 19,046 -
194,107 113,654
CREDITORS
Amounts falling due within one year 5 98,673 55,521
NET CURRENT ASSETS 95,434 58,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,434

58,133

CREDITORS
Amounts falling due after more than one
year

6

53,770

56,007
NET ASSETS 41,664 2,126

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 41,563 2,025
SHAREHOLDERS' FUNDS 41,664 2,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 11 October 2024 and were signed by:




N Byrne - Director


ABACUS AC SOLUTIONS LTD (REGISTERED NUMBER: 07787318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Abacus AC Solutions Ltd 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.

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 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.

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 NIL (2023 - 2 ).

ABACUS AC SOLUTIONS LTD (REGISTERED NUMBER: 07787318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,790 15,561
Other debtors 98,093 98,093
134,883 113,654

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 970
Trade creditors 52,421 36,999
Tax 9,874 759
Social security and other taxes 1,822 1,249
VAT 13,610 13,832
Other creditors - 212
Directors' current accounts 19,446 -
Accruals and deferred income 1,500 1,500
98,673 55,521

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 38,007 38,007
Amounts owed to group undertakings 15,763 18,000
53,770 56,007