IRIS Accounts Production v24.2.0.383 04320212 director 31.1.23 30.1.24 30.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043202122023-01-30043202122024-01-30043202122023-01-312024-01-30043202122022-01-30043202122022-01-312023-01-30043202122023-01-3004320212ns15:EnglandWales2023-01-312024-01-3004320212ns14:PoundSterling2023-01-312024-01-3004320212ns10:Director12023-01-312024-01-3004320212ns10:PrivateLimitedCompanyLtd2023-01-312024-01-3004320212ns10:SmallEntities2023-01-312024-01-3004320212ns10:AuditExempt-NoAccountantsReport2023-01-312024-01-3004320212ns10:SmallCompaniesRegimeForDirectorsReport2023-01-312024-01-3004320212ns10:SmallCompaniesRegimeForAccounts2023-01-312024-01-3004320212ns10:FullAccounts2023-01-312024-01-300432021212023-01-312024-01-3004320212ns10:RegisteredOffice2023-01-312024-01-3004320212ns5:CurrentFinancialInstruments2024-01-3004320212ns5:CurrentFinancialInstruments2023-01-3004320212ns5:Non-currentFinancialInstruments2024-01-3004320212ns5:Non-currentFinancialInstruments2023-01-3004320212ns5:ShareCapital2024-01-3004320212ns5:ShareCapital2023-01-3004320212ns5:RetainedEarningsAccumulatedLosses2024-01-3004320212ns5:RetainedEarningsAccumulatedLosses2023-01-3004320212ns5:NetGoodwill2023-01-312024-01-3004320212ns5:IntangibleAssetsOtherThanGoodwill2023-01-312024-01-3004320212ns5:PlantMachinery2023-01-312024-01-3004320212ns5:NetGoodwill2023-01-3004320212ns5:NetGoodwill2024-01-3004320212ns5:NetGoodwill2023-01-3004320212ns5:PlantMachinery2023-01-3004320212ns5:PlantMachinery2024-01-3004320212ns5:PlantMachinery2023-01-3004320212ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3004320212ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-30
REGISTERED NUMBER: 04320212 (England and Wales)















Financial Statements for the Year Ended 30 January 2024

for

Abraham Accountants Ltd

Abraham Accountants Ltd (Registered number: 04320212)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abraham Accountants Ltd

Company Information
for the Year Ended 30 January 2024







DIRECTOR: Mr M Ahmed





REGISTERED OFFICE: 46 Houghton place
Bradford
BD1 3RG





REGISTERED NUMBER: 04320212 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Abraham Accountants Ltd (Registered number: 04320212)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,000 33,000
Tangible assets 5 38,168 47,124
71,168 80,124

CURRENT ASSETS
Stocks 76,049 63,275
Debtors 6 45,269 39,944
Cash at bank and in hand 66,040 32,738
187,358 135,957
CREDITORS
Amounts falling due within one year 7 203,523 116,635
NET CURRENT (LIABILITIES)/ASSETS (16,165 ) 19,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,003

99,446

CREDITORS
Amounts falling due after more than
one year

8

(24,166

)

(33,419

)

PROVISIONS FOR LIABILITIES (8,920 ) (8,920 )
NET ASSETS 21,917 57,107

Abraham Accountants Ltd (Registered number: 04320212)

Balance Sheet - continued
30 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,817 57,007
SHAREHOLDERS' FUNDS 21,917 57,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





Mr M Ahmed - Director


Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Abraham Accountants Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 January 2023
and 30 January 2024 33,000
NET BOOK VALUE
At 30 January 2024 33,000
At 30 January 2023 33,000

Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2023 217,600
Additions 3,766
At 30 January 2024 221,366
DEPRECIATION
At 31 January 2023 170,476
Charge for year 12,722
At 30 January 2024 183,198
NET BOOK VALUE
At 30 January 2024 38,168
At 30 January 2023 47,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 45,269 39,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 60,040 18,575
Taxation and social security 34,458 32,078
Other creditors 109,025 65,982
203,523 116,635

Abraham Accountants Ltd (Registered number: 04320212)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans 24,166 33,419

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,166 33,419