Abacus Hire Centre Midlands Limited 04660387 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Equipment hire Digita Accounts Production Advanced 6.30.9574.0 true 04660387 2023-04-01 2024-03-31 04660387 2024-03-31 04660387 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04660387 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04660387 bus:Micro-entities 2023-04-01 2024-03-31 04660387 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04660387 bus:FullAccounts 2023-04-01 2024-03-31 04660387 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04660387 bus:RegisteredOffice 2023-04-01 2024-03-31 04660387 bus:Director1 2023-04-01 2024-03-31 04660387 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04660387 bus:Agent1 2023-04-01 2024-03-31 04660387 countries:AllCountries 2023-04-01 2024-03-31 04660387 2022-04-01 2023-03-31 04660387 2023-03-31 04660387 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04660387 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04660387

Abacus Hire Centre Midlands Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Abacus Hire Centre Midlands Limited

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

 

Abacus Hire Centre Midlands Limited

Company Information

Directors

Duncan Manderson

Registered office

Pickwell Grange
Mount Pleasant Hill
Whissendine
Rutland
LE15 7ER

Accountants

Mrs Sara Passey
AIMS Accountants for Business
9 Church Street
Langham
Rutland
LE15 7JE

 

Abacus Hire Centre Midlands Limited

Statement of Directors' Responsibilities

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and are in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Abacus Hire Centre Midlands Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Abacus Hire Centre Midlands Limited for the year ended 31 March 2024 as set out on pages 4 to 5 from the company's accounting records and from information and explanations you have given me.

As a practising member firm of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements.
These are detailed at http://www.cimaglobal.com/Professionalism/Professionalism1/.

This report is made solely to the Board of Directors of Abacus Hire Centre Midlands Limited, as a body, in accordance with the terms of our engagement letter dated 2 August 2016. My work has been undertaken solely to prepare for your approval the accounts of Abacus Hire Centre Midlands Limited and state those matters that I have agreed to state to the Board of Directors of Abacus Hire Centre Midlands Limited, as a body, in this report. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Abacus Hire Centre Midlands Limited and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Abacus Hire Centre Midlands Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Abacus Hire Centre Midlands Limited. You consider that Abacus Hire Centre Midlands Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of Abacus Hire Centre Midlands Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

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

Mrs Sara Passey
AIMS Accountants for Business
9 Church Street
Langham
Rutland
LE15 7JE

22 November 2024

 

Abacus Hire Centre Midlands Limited

(Registration number: 04660387)
Balance Sheet as at 31 March 2024

2024
£

2023
£

Fixed assets

121,648

125,658

Current assets

39,514

45,684

Prepayments and accrued income

8,778

10,190

Creditors: Amounts falling due within one year

(32,626)

(32,953)

Net current assets

15,666

22,921

Total assets less current liabilities

137,314

148,579

Creditors: Amounts falling due after more than one year

(11,848)

-

Accruals and deferred income

(695)

(692)

 

124,771

147,887

Capital and reserves

124,771

147,887

1

General information

The company is a private company limited by share capital, incorporated in The United Kingdom.

The address of its registered office is:
Pickwell Grange
Mount Pleasant Hill
Whissendine
Rutland
LE15 7ER

The principal place of business is:
1 Barleythorpe Road
Via Park Road
Oakham
Rutland
LE15 6NR

These financial statements were authorised for issue by the director on 22 November 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 3).

 

Abacus Hire Centre Midlands Limited

(Registration number: 04660387)
Balance Sheet as at 31 March 2024

3

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The company is committed to pay interest on it's HP contracts of £2,226 and these amounts are not included within the balance sheet figures (2023 - £15). There are no other commitments, guarantees or contingencies to report.

4

Related party transactions

Transactions with directors

At the balance sheet date £9,590 (2023 - £11,396) was owed by the director to the company. This was paid off within 9 months of the balance sheet date and interest has been charged on the average balance.

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.

Director's 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 director acknowledges his 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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 22 November 2024
 

.........................................
Duncan Manderson
Director