ABM INTELLIGENCE LIMITED

Company Registration Number:
03319098 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ABM INTELLIGENCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ABM INTELLIGENCE LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

RJ Sinclair
LKS Patterson


The director shown below has held office during the period of
1 January 2023 to 24 July 2023

A Peet


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 November 2024

And signed on behalf of the board by:
Name: LKS Patterson
Status: Director

ABM INTELLIGENCE LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 3,121,641 2,683,841
Cost of sales: ( 207,318 ) ( 251,792 )
Gross profit(or loss): 2,914,323 2,432,049
Administrative expenses: ( 1,958,996 ) ( 2,228,354 )
Operating profit(or loss): 955,327 203,695
Interest receivable and similar income: 147
Profit(or loss) before tax: 955,474 203,695
Tax: ( 177,753 ) ( 58,616 )
Profit(or loss) for the financial year: 777,721 145,079

ABM INTELLIGENCE LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 599,660 596,811
Tangible assets: 4 15,405 47,557
Total fixed assets: 615,065 644,368
Current assets
Debtors: 5 2,305,976 1,551,903
Cash at bank and in hand: 199,813 138,882
Total current assets: 2,505,789 1,690,785
Creditors: amounts falling due within one year: 6 ( 1,866,698 ) ( 1,894,924 )
Net current assets (liabilities): 639,091 (204,139)
Total assets less current liabilities: 1,254,156 440,229
Provision for liabilities: ( 36,206 )
Total net assets (liabilities): 1,217,950 440,229
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,217,948 440,227
Total Shareholders' funds: 1,217,950 440,229

The notes form part of these financial statements

ABM INTELLIGENCE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 12 November 2024
and signed on behalf of the board by:

Name: LKS Patterson
Status: Director

The notes form part of these financial statements

ABM INTELLIGENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

    Intangible fixed assets amortisation policy

    All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

ABM INTELLIGENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 31 31

ABM INTELLIGENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 857,289 857,289
Additions 349,711 349,711
Disposals
Revaluations
Transfers
At 31 December 2023 1,207,000 1,207,000
Amortisation
At 1 January 2023 260,478 260,478
Charge for year 346,862 346,862
On disposals
Other adjustments
At 31 December 2023 607,340 607,340
Net book value
At 31 December 2023 599,660 599,660
At 31 December 2022 596,811 596,811

ABM INTELLIGENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 283,451 283,451
Additions 1,713 1,713
Disposals
Revaluations
Transfers
At 31 December 2023 285,164 285,164
Depreciation
At 1 January 2023 235,894 235,894
Charge for year 33,865 33,865
On disposals
Other adjustments
At 31 December 2023 269,759 269,759
Net book value
At 31 December 2023 15,405 15,405
At 31 December 2022 47,557 47,557

ABM INTELLIGENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 2,260,784 1,316,077
Prepayments and accrued income 21,094 96,804
Other debtors 24,098 139,022
Total 2,305,976 1,551,903

ABM INTELLIGENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 671,269 609,121
Taxation and social security 184,717 109,995
Accruals and deferred income 994,483 1,159,448
Other creditors 16,229 16,360
Total 1,866,698 1,894,924

ABM INTELLIGENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Financial Commitments

At 31 December 2023 the Company had future minimum lease payments due under non-cancelable operating leases for each of the following periods: