Abynix Ltd Filleted Accounts Cover
Abynix Ltd
Company No. 07740228
Information for Filing with The Registrar
31 August 2024
Abynix Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 August 2024.
Principal activities
The principal activity of the company during the year under review was Financial Intermediation.
Directors
The Directors who served at any time during the year were as follows:
Abisoye Adesanya
Nixon Adedayo Ajoge
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Nixon Adedayo Ajoge
Director
31 August 2024
Abynix Ltd Balance Sheet Registrar
at
31 August 2024
Company No.
07740228
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
6080
6080
Current assets
Cash at bank and in hand
236138
236138
Creditors: Amount falling due within one year
5
(14,327)
(7,206)
Net current liabilities
(14,091)
(7,068)
Total assets less current liabilities
(14,031)
(6,988)
Creditors: Amounts falling due after more than one year
6
(8,836)
(15,719)
Net liabilities
(22,867)
(22,707)
Capital and reserves
Called up share capital
22
Profit and loss account
7
(22,869)
(22,709)
Total equity
(22,867)
(22,707)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 August 2024 and signed on its behalf by:
Nixon Adedayo Ajoge
Director
31 August 2024
Abynix Ltd Notes to the Accounts Registrar
for the year ended 31 August 2024
1
General information
Abynix Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07740228
Its registered office is:
International House
109 -111 Fulham Palace Road
London
W6 8JA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 September 2023
604604
At 31 August 2024
604604
Depreciation
At 1 September 2023
524524
Charge for the year
2020
At 31 August 2024
544544
Net book values
At 31 August 2024
6060
At 31 August 2023
80
80
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
14,3277,207
Accruals and deferred income
-
(1)
14,3277,206
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,83615,719
8,83615,719
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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