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Company Registration No. 09458280 (England and Wales)
Abstract Factory Solutions Limited Unaudited accounts for the year ended 29 February 2024
Abstract Factory Solutions Limited Unaudited accounts Contents
Page
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Abstract Factory Solutions Limited Company Information for the year ended 29 February 2024
Directors
Andrew Bourne Anna Bourne
Company Number
09458280 (England and Wales)
Registered Office
1 Harold Hines Way Trentham Stoke on Trent ST4 8WJ
Accountants
Victoria Miles Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Abstract Factory Solutions Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abstract Factory Solutions Limited for the year ended 29 February 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Abstract Factory Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 30 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Abstract Factory Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Abstract Factory Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abstract Factory Solutions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Abstract Factory Solutions 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 Abstract Factory Solutions Limited. You consider that Abstract Factory Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Abstract Factory Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Victoria Miles Accountants Chartered Certified Accountants Stafford Education and Enterprise Park Weston Road Stafford Staffordshire ST18 0BF 25 November 2024
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Abstract Factory Solutions Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,415 
11,247 
Current assets
Debtors
43,310 
13,125 
Cash at bank and in hand
12,130 
65,179 
55,440 
78,304 
Creditors: amounts falling due within one year
(4,301)
(21,920)
Net current assets
51,139 
56,384 
Total assets less current liabilities
68,554 
67,631 
Provisions for liabilities
Deferred tax
(3,309)
(2,138)
Net assets
65,245 
65,493 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
65,145 
65,393 
Shareholders' funds
65,245 
65,493 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Anna Bourne Director Company Registration No. 09458280
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Abstract Factory Solutions Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Abstract Factory Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09458280. The registered office is 1 Harold Hines Way, Trentham, Stoke on Trent, ST4 8WJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Abstract Factory Solutions Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
- 
7,057 
22,906 
29,963 
Additions
1,535 
3,734 
6,705 
11,974 
At 29 February 2024
1,535 
10,791 
29,611 
41,937 
Depreciation
At 1 March 2023
- 
3,592 
15,124 
18,716 
Charge for the year
384 
1,800 
3,622 
5,806 
At 29 February 2024
384 
5,392 
18,746 
24,522 
Net book value
At 29 February 2024
1,151 
5,399 
10,865 
17,415 
At 28 February 2023
- 
3,465 
7,782 
11,247 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,456 
- 
Accrued income and prepayments
- 
4,121 
Other debtors
41,854 
9,004 
43,310 
13,125 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
3,845 
Taxes and social security
3,351 
15,413 
Other creditors
- 
1,762 
Accruals
950 
900 
4,301 
21,920 
7
Pension commitments
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
4,502 
26,250 
10,044 
20,708 
Loan
4,502 
26,250 
10,043 
20,709 
9,004 
52,500 
20,087 
41,417 
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Abstract Factory Solutions Limited Notes to the Accounts for the year ended 29 February 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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