Registered number
12483929
Abraham Plant Limited
Filleted Accounts
29 February 2024
Abraham Plant Limited
Registered number: 12483929
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 468 100
Current assets
Stocks 59,060 82,541
Debtors 4 17,224 53,291
Cash at bank and in hand (23,677) 8,974
52,607 144,806
Creditors: amounts falling due within one year 5 (58,182) (173,187)
Net current liabilities (5,575) (28,381)
Total assets less current liabilities (5,107) (28,281)
Provisions for liabilities (89) -
Net liabilities (5,196) (28,281)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,296) (28,381)
Shareholder's funds (5,196) (28,281)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K R Whitmee
Director
Approved by the board on 29 November 2024
Abraham Plant Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 125
Additions 442
At 29 February 2024 567
Depreciation
At 1 March 2023 25
Charge for the year 74
At 29 February 2024 99
Net book value
At 29 February 2024 468
At 28 February 2023 100
4 Debtors 2024 2023
£ £
Trade debtors 13,518 53,291
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,676 -
Other debtors 1,030 -
17,224 53,291
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 58,182 137,373
Taxation and social security costs - 5,210
Other creditors - 30,604
58,182 173,187
6 Other information
Abraham Plant Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
Abraham Plant Limited 12483929 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 K R Whitmee No description of principal activity 12483929 2022-03-01 2023-02-28 12483929 core:WithinOneYear 2023-02-28 12483929 core:ShareCapital 2023-02-28 12483929 core:RetainedEarningsAccumulatedLosses 2023-02-28 12483929 2023-03-01 2024-02-29 12483929 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12483929 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12483929 bus:Director40 2023-03-01 2024-02-29 12483929 1 2023-03-01 2024-02-29 12483929 2 2023-03-01 2024-02-29 12483929 core:PlantMachinery 2023-03-01 2024-02-29 12483929 countries:England 2023-03-01 2024-02-29 12483929 bus:FRS102 2023-03-01 2024-02-29 12483929 bus:FilletedAccounts 2023-03-01 2024-02-29 12483929 2024-02-29 12483929 core:WithinOneYear 2024-02-29 12483929 core:ShareCapital 2024-02-29 12483929 core:RetainedEarningsAccumulatedLosses 2024-02-29 12483929 core:PlantMachinery 2024-02-29 12483929 2023-02-28 12483929 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure