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REGISTERED NUMBER: 05591117 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

A B DESIGN (POOLE) LTD

A B DESIGN (POOLE) LTD (REGISTERED NUMBER: 05591117)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A B DESIGN (POOLE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A J Brown





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 05591117 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

A B DESIGN (POOLE) LTD (REGISTERED NUMBER: 05591117)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,237 2,796
2,237 2,796

CURRENT ASSETS
Debtors 6 16,870 11,907
Cash at bank 2,699 5,107
19,569 17,014
CREDITORS
Amounts falling due within one year 7 16,052 10,982
NET CURRENT ASSETS 3,517 6,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,754

8,828

CREDITORS
Amounts falling due after more than one
year

8

(5,245

)

(8,077

)

PROVISIONS FOR LIABILITIES (425 ) (531 )
NET ASSETS 84 220

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 83 219
SHAREHOLDERS' FUNDS 84 220

A B DESIGN (POOLE) LTD (REGISTERED NUMBER: 05591117)

BALANCE SHEET - continued
31 OCTOBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





A J Brown - Director


A B DESIGN (POOLE) LTD (REGISTERED NUMBER: 05591117)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

A B Design (Poole) 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 represents services provided during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


A B DESIGN (POOLE) LTD (REGISTERED NUMBER: 05591117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 7,500 1,152 8,652
AMORTISATION
At 1 November 2022
and 31 October 2023 7,500 1,152 8,652
NET BOOK VALUE
At 31 October 2023 - - -
At 31 October 2022 - - -

A B DESIGN (POOLE) LTD (REGISTERED NUMBER: 05591117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 9,962
DEPRECIATION
At 1 November 2022 7,166
Charge for year 559
At 31 October 2023 7,725
NET BOOK VALUE
At 31 October 2023 2,237
At 31 October 2022 2,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 850 -
Amounts recoverable on contract 2,400 -
Directors' current accounts 10,084 8,371
Corporation tax 3,536 3,536
16,870 11,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,832 2,832
Corporation tax 11,319 7,200
Accruals and deferred income 1,901 950
16,052 10,982

A B DESIGN (POOLE) LTD (REGISTERED NUMBER: 05591117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 2,832 2,832
Bank loans - 2-5 years 2,413 5,245
5,245 8,077

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
A J Brown
Balance outstanding at start of year 8,371 8,458
Amounts advanced 12,738 8,371
Amounts repaid (11,025 ) (8,458 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,084 8,371