1 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 7487960 2023-04-01 2024-03-31 7487960 2024-03-31 7487960 2023-03-31 7487960 2022-04-01 2023-03-31 7487960 2023-03-31 7487960 2022-03-31 7487960 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 7487960 bus:RegisteredOffice 2023-04-01 2024-03-31 7487960 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 7487960 bus:Director1 2023-04-01 2024-03-31 7487960 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 7487960 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 7487960 core:WithinOneYear 2024-03-31 7487960 core:WithinOneYear 2023-03-31 7487960 core:ShareCapital 2024-03-31 7487960 core:ShareCapital 2023-03-31 7487960 core:RetainedEarningsAccumulatedLosses 2024-03-31 7487960 core:RetainedEarningsAccumulatedLosses 2023-03-31 7487960 core:ShareCapital 2022-03-31 7487960 core:RetainedEarningsAccumulatedLosses 2022-03-31 7487960 core:PreviouslyStatedAmount core:ShareCapital 2024-03-31 7487960 bus:SmallEntities 2023-04-01 2024-03-31 7487960 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 7487960 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 7487960 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 7487960 bus:AbridgedAccounts 2023-04-01 2024-03-31
Company registration number: 7487960
AB&Co Ltd
Unaudited filleted abridged financial statements
31 March 2024
AB&Co Ltd
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
AB&Co Ltd
Directors and other information
Director A. J. Bestwick
Company number 7487960
Registered office Tower Buildings
Wade House Road
Shelf
HX3 7PB
Business address 1 Harlow Chase
Harrogate
HG2 0FP
Accountants Bostocks Boyce Welch
The Counting House
Tower Buildings
Wade House Road
Shelf
HX3 7PB
Bankers Barclays Bank Plc
Leicester
LE87 2BB
AB&Co Ltd
Abridged statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 13,383 22,753
_______ _______
13,383 22,753
Current assets
Debtors 10,926 10,715
Cash at bank and in hand 79,301 77,903
_______ _______
90,227 88,618
Creditors: amounts falling due
within one year ( 23,624) ( 41,496)
_______ _______
Net current assets 66,603 47,122
_______ _______
Total assets less current liabilities 79,986 69,875
_______ _______
Net assets 79,986 69,875
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 78,986 68,875
_______ _______
Shareholders funds 79,986 69,875
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 27 December 2024 , and are signed on behalf of the board by:
A. J. Bestwick
Director
Company registration number: 7487960
AB&Co Ltd
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2022 1,000 48,940 49,940
Profit for the year 21,935 21,935
_______ _______ _______
Total comprehensive income for the year - 21,935 21,935
Dividends paid and payable ( 2,000) ( 2,000)
_______ _______ _______
Total investments by and distributions to owners - ( 2,000) ( 2,000)
_______ _______ _______
At 31 March 2023 and 1 April 2023 1,000 68,875 69,875
Profit for the year 15,111 15,111
_______ _______ _______
Total comprehensive income for the year - 15,111 15,111
Dividends paid and payable ( 5,000) ( 5,000)
_______ _______ _______
Total investments by and distributions to owners - ( 5,000) ( 5,000)
_______ _______ _______
At 31 March 2024 1,000 78,986 79,986
_______ _______ _______
AB&Co Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and wales. The address of the registered office is Tower Buildings, Wade House Road, Shelf, HX3 7PB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
£
Cost
At 1 April 2023 and 31 March 2024 42,106
_______
Depreciation
At 1 April 2023 19,353
Charge for the year 9,370
_______
At 31 March 2024 28,723
_______
Carrying amount
At 31 March 2024 13,383
_______
At 31 March 2023 22,753
_______