Registered number
12395998
AFFORDABLE BUILDING SERVICES LIMITED
Filleted Accounts
31 January 2024
AFFORDABLE BUILDING SERVICES LIMITED
Registered number: 12395998
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 193,839 193,839
Current assets
Debtors 4 15,000 15,000
Cash at bank and in hand 705 1,418
15,705 16,418
Creditors: amounts falling due within one year 5 (199,789) (196,027)
Net current liabilities (184,084) (179,609)
Total assets less current liabilities 9,755 14,230
Creditors: amounts falling due after more than one year 6 (10,404) (14,431)
Net liabilities (649) (201)
Capital and reserves
Called up share capital 1 1
Profit and loss account (650) (201)
Shareholder's funds (649) (200)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Wasim Khan
Director
Approved by the board on 22 October 2024
AFFORDABLE BUILDING SERVICES LIMITED
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 February 2023 193,839
At 31 January 2024 193,839
Other investments 2022
Freehold Property -
4 Debtors 2024 2023
£ £
Prepayment 15,000 15,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,830 10,050
Other creditors 176,959 185,977
199,789 196,027
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,404 14,431
7 Other information
AFFORDABLE BUILDING SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
36 St. Mary's Road
Gillingham
Kent
ME7 1JJ
AFFORDABLE BUILDING SERVICES LIMITED 12395998 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts October 2023 release 2 Wasim Khan No description of principal activity 12395998 2022-02-01 2023-01-31 12395998 core:WithinOneYear 2023-01-31 12395998 core:AfterOneYear 2023-01-31 12395998 core:ShareCapital 2023-01-31 12395998 core:RetainedEarningsAccumulatedLosses 2023-01-31 12395998 2023-02-01 2024-01-31 12395998 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12395998 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12395998 bus:Director40 2023-02-01 2024-01-31 12395998 2 2023-02-01 2024-01-31 12395998 countries:England 2023-02-01 2024-01-31 12395998 bus:FRS102 2023-02-01 2024-01-31 12395998 bus:FullAccounts 2023-02-01 2024-01-31 12395998 2024-01-31 12395998 core:WithinOneYear 2024-01-31 12395998 core:AfterOneYear 2024-01-31 12395998 core:ShareCapital 2024-01-31 12395998 core:RetainedEarningsAccumulatedLosses 2024-01-31 12395998 2023-01-31 iso4217:GBP xbrli:pure