Registered number
09961362
AB BUSINESS LINK LTD
Filleted Accounts
31 January 2024
AB BUSINESS LINK LTD
Registered number: 09961362
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 179 -
Current assets
Cash at bank and in hand 113 367
Creditors: amounts falling due within one year 4 (186) (186)
Net current (liabilities)/assets (73) 181
Net assets 106 181
Capital and reserves
Called up share capital 100 100
Profit and loss account 6 81
Shareholders' funds 106 181
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Aleksander Buchacz
Director
Approved by the board on 29 October 2024
AB BUSINESS LINK LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
Additions Investment in share capital of OpenCard Sp z o.o. 179
At 31 January 2024 179
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 150 150
Other creditors 36 36
186 186
5 Other information
AB BUSINESS LINK LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 Forest Court
Forest Site
London
E4 6BJ
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