Registration number:
Abacus Hire Centre Midlands Limited
for the Year Ended 31 March 2024
Abacus Hire Centre Midlands Limited
Contents
Company Information |
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Statement of Directors' Responsibilities |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Abacus Hire Centre Midlands Limited
Company Information
Directors |
Duncan Manderson |
Registered office |
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Accountants |
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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:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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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.
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AIMS Accountants for Business
Langham
Rutland
LE15 7JE
Abacus Hire Centre Midlands Limited
(Registration number: 04660387)
Balance Sheet as at 31 March 2024
2024 |
2023 |
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Fixed assets |
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Current assets |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Accruals and deferred income |
( |
( |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in The United Kingdom.
The address of its registered office is:
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
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'.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Abacus Hire Centre Midlands Limited
(Registration number: 04660387)
Balance Sheet as at 31 March 2024
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.
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:
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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
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