ABCD Online Limited 13894748 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Other retail sales not in stores, stalls or markets and other information technology service activities. Digita Accounts Production Advanced 6.30.9574.0 true 13894748 2023-04-01 2024-03-31 13894748 2024-03-31 13894748 core:RetainedEarningsAccumulatedLosses 2024-03-31 13894748 core:ShareCapital 2024-03-31 13894748 core:CurrentFinancialInstruments 2024-03-31 13894748 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13894748 core:PlantMachinery 2024-03-31 13894748 bus:SmallEntities 2023-04-01 2024-03-31 13894748 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13894748 bus:FullAccounts 2023-04-01 2024-03-31 13894748 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13894748 bus:Director1 2023-04-01 2024-03-31 13894748 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13894748 core:PlantMachinery 2023-04-01 2024-03-31 13894748 countries:AllCountries 2023-04-01 2024-03-31 13894748 2022-02-04 2023-03-31 13894748 2023-03-31 13894748 core:RetainedEarningsAccumulatedLosses 2023-03-31 13894748 core:ShareCapital 2023-03-31 13894748 core:CurrentFinancialInstruments 2023-03-31 13894748 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13894748

ABCD Online Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

ABCD Online Limited

(Registration number: 13894748)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

5,950

-

Current assets

 

Debtors

4

6,650

-

Cash at bank and in hand

 

21,598

924

 

28,248

924

Creditors: Amounts falling due within one year

5

(10,853)

(1,300)

Net current assets/(liabilities)

 

17,395

(376)

Total assets less current liabilities

 

23,345

(376)

Provisions for liabilities

(1,350)

-

Net assets/(liabilities)

 

21,995

(376)

Capital and reserves

 

Called up share capital

5

5

Profit and loss account

21,990

(381)

Shareholders' funds/(deficit)

 

21,995

(376)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 13 November 2024 and signed on its behalf by:
 

 

ABCD Online Limited

(Registration number: 13894748)

Balance Sheet as at 31 March 2024 (continued)

.........................................

C W G Done
Director

 

ABCD Online Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statutory information

ABCD Online Limited is a private company, limited by shares, domiciled in England and Wales, company number 13894748. The registered office is at 20-22 Wenlock Road, London, N1 7GU.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

ABCD Online Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

1

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

ABCD Online Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

3

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

6,732

6,732

At 31 March 2024

6,732

6,732

Depreciation

Charge for the year

782

782

At 31 March 2024

782

782

Carrying amount

At 31 March 2024

5,950

5,950

4

Debtors

2024
£

2023
£

Accrued income

6,650

-

6,650

-

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

9,241

-

Accruals and deferred income

1,000

1,000

Other creditors

612

300

10,853

1,300

During the year the director provided a loan to the company the balance of this loan at the year end date was £612 (2023: £300). The loan is interest free.