Registered number
13499959
ABF DIST LTD
Filleted Accounts
31 July 2023
ABF DIST LTD
Registered number: 13499959
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 36,017 2,325
Current assets
Stocks 18,500 18,500
Debtors 4 326,213 55,085
Cash at bank and in hand 142,713 34,621
487,426 108,206
Creditors: amounts falling due within one year 5 (280,219) (15,011)
Net current assets 207,207 93,195
Total assets less current liabilities 243,224 95,520
Creditors: amounts falling due after more than one year 6 (186,559) (65,831)
Net assets 56,665 29,689
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,565 29,589
Shareholders' funds 56,665 29,689
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Marcus De Paula Carmo
Director
Approved by the board on 16 January 2025
ABF DIST LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Statutory information
ABF DIST LTD is a private company, limited by shares, registered in England and Wales, registration number 13499959. The registered office is 27 Margaret Street, Fourth Floor, London, United Kingdom, W1W8RY
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.
1 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).
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:
Motor Vehicles Straight line depreciation over 5 year
Plant and machinery Straight line depreciation over 5 year
Fixtures, fittings, tools and equipment Straight line depreciation over 5 year
Computer equipment Straight line depreciation over 3 year
Presentation currency
The accounts are presented in £ sterling
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 0
3 Tangible fixed assets
Fixtures and Fittings Plant and machinery etc Computer equipment Motor Vehicles Total
£ £ £ £ £
Cost
At 1 August 2022 2,250 - 183 - 2,433
Additions 238 4,233 1,834 28,965 35,270
At 31 July 2023 2,488 4,233 2,017 28,965 37,703
Depreciation
At 1 August 2022 94 - 14 - 108
Charge for the year 617 104 358 499 1,578
At 31 July 2023 711 104 372 499 1,686
Net book value
At 31 July 2023 1,777 4,129 1,645 28,466 36,017
At 31 July 2022 2,156 - 169 - 2,325
4 Debtors 2023 2022
£ £
Trade debtors 81,838 40,085
Prepayment 700 11,940
VAT 22,297 -
Other debtors 221,378 3,060
326,213 55,085
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 229,980 2,616
Taxation and social security costs 22,704 6,395
Accruals - 1,000
Director current account - 5,000
Other creditors 27,535 -
280,219 15,011
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 186,559 65,831
7 Other information
ABF DIST LTD is a private company limited by shares and incorporated in England. Its registered office is:
27 Margaret Street
Fourth Floor
London
United Kingdom
W1W8RY
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