Company Registration No. 12946679 (England and Wales)
ABS HOUSES LTD
Unaudited accounts
for the year ended 31 October 2023
ABS HOUSES LTD
Unaudited accounts
Contents
ABS HOUSES LTD
Company Information
for the year ended 31 October 2023
Directors
Abbass Mohammedi
Abbass Mohammedi
Company Number
12946679 (England and Wales)
Registered Office
21 HYDE PARK ROAD
LEEDS
LS6 1PY
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
ABS HOUSES LTD
Statement of financial position
as at 31 October 2023
Tangible assets
172,000
122,000
Cash at bank and in hand
1,047
2,045
Creditors: amounts falling due within one year
(174,936)
(126,758)
Net current liabilities
(173,789)
(124,613)
Net liabilities
(1,789)
(2,613)
Called up share capital
100
100
Profit and loss account
(1,889)
(2,713)
Shareholders' funds
(1,789)
(2,613)
For the year ending 31 October 2023 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by
Abbass Mohammedi
Director
Company Registration No. 12946679
ABS HOUSES LTD
Notes to the Accounts
for the year ended 31 October 2023
ABS HOUSES LTD is a private company, limited by shares, registered in England and Wales, registration number 12946679. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Buying and selling properties, also managing properties
ABS HOUSES LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
At 1 November 2022
122,000
At 31 October 2023
172,000
At 31 October 2023
172,000
At 31 October 2022
122,000
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
174,096
126,398
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).