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REGISTERED NUMBER: 06690575 (England and Wales)
























ABDO CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ABDO CONSULTING LIMITED (REGISTERED NUMBER: 06690575)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABDO CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Miss L J Rayner





REGISTERED OFFICE: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD





REGISTERED NUMBER: 06690575 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

ABDO CONSULTING LIMITED (REGISTERED NUMBER: 06690575)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 966 1,287
Investment property 5 589,000 589,000
589,966 590,287

CURRENT ASSETS
Debtors 6 1,950 2,825
Cash at bank 10 451
1,960 3,276
CREDITORS
Amounts falling due within one year 7 76,028 73,464
NET CURRENT LIABILITIES (74,068 ) (70,188 )
TOTAL ASSETS LESS CURRENT LIABILITIES 515,898 520,099

PROVISIONS FOR LIABILITIES 46,453 35,365
NET ASSETS 469,445 484,734

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 469,345 484,634
469,445 484,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ABDO CONSULTING LIMITED (REGISTERED NUMBER: 06690575)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Miss L J Rayner - Director


ABDO CONSULTING LIMITED (REGISTERED NUMBER: 06690575)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

ABDO Consulting Limited 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 preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% straight line

Investment
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

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.

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.

ABDO CONSULTING LIMITED (REGISTERED NUMBER: 06690575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 13,153
DEPRECIATION
At 1 April 2023 11,866
Charge for year 321
At 31 March 2024 12,187
NET BOOK VALUE
At 31 March 2024 966
At 31 March 2023 1,287

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 589,000
NET BOOK VALUE
At 31 March 2024 589,000
At 31 March 2023 589,000

Whilst the director has not formally valued either of the two properties, she does consider that this is close to the current value of the properties based on similar property values.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,950 2,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,320 1,300
Other creditors 74,708 72,164
76,028 73,464

ABDO CONSULTING LIMITED (REGISTERED NUMBER: 06690575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. RELATED PARTY TRANSACTIONS

During the year L. Rayner, director, received dividends in her capacity as shareholder of £1,000. (2023: £2,000).

L. Rayner also advanced the company money of £23,776 (2023: £22,164). There is no set repayment date and no interest is charged on this directors loan.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss L J Rayner.

10. CONTROLLING PARTY

During the period ending 31 March 2024, L Rayner, the director, controlled the company by virtue of a controlling interest in 99% of the issued ordinary share capital.

11. OTHER INFORMATION

ABDO Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
6-7 Castle Gate
Castle Street
Hertford
Herts
SG14 1HD