2023-09-01 SC222656 2024-08-31 SC222656 2023-09-01 2024-08-31 SC222656 2023-08-31 SC222656 2022-09-01 2023-08-31 SC222656 uk-core:WithinOneYear 2023-08-31 SC222656 uk-core:WithinOneYear 2024-08-31 SC222656 uk-core:ShareCapital 2024-08-31 SC222656 uk-core:ShareCapital 2023-08-31 SC222656 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC222656 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC222656 uk-bus:Director1 2023-09-01 2024-08-31 SC222656 uk-core:ToolsEquipment 2023-09-01 2024-08-31 SC222656 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 SC222656 uk-core:ToolsEquipment 2023-08-31 SC222656 uk-core:CommercialMotorVehicles 2023-08-31 SC222656 uk-core:CommercialMotorVehicles 2024-08-31 SC222656 uk-core:ToolsEquipment 2024-08-31 SC222656 uk-core:WithinOneYear 2024-08-31 SC222656 uk-core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure SC222656 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC222656 uk-bus:FRS102 2023-09-01 2024-08-31 SC222656 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 SC222656 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Abslide Ltd
Registered Number:SC222656
For the year ended 31 August 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 August 2024
Abslide Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC222656
As at 31 August 2024
Abslide Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
10,215
13,621
2
10,215
13,621
Current assets
Trade and other receivables
120,153
119,445
3
1,614
Cash and cash equivalents
15,069
134,514
121,767
Trade and other payables: amounts falling due within one
year
24,666
7,374
4
146,433
141,888
Net current assets
Total assets less current liabilities
152,103
160,054
152,103
Net assets
160,054
Capital and reserves
Called up share capital
1
1
Retained earnings
152,102
160,053
152,103
160,054
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Alastair Robertson Director
These financial statements were approved and authorised for issue by the Board on 28 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
Abslide Ltd
Notes to the Financial Statements
Statutory Information
Abslide Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC222656.
Principal place of business:
12 Johnsburn Green
Balerno
EH14 1NB
Registered address:
1 Inverleith Gardens
Edinburgh
EH3 5PU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
£
£
£
Cost or
valuation
At 01 September 2023
23,236
3,847
19,389
At 31 August 2024
19,389
3,847
23,236
Provision for depreciation and impairment
At 01 September 2023
9,615
3,556
6,059
Charge for year
3,406
73
3,333
At 31 August 2024
13,021
3,629
9,392
At 31 August 2024
Net book value
9,997
218
10,215
At 31 August 2023
13,330
291
13,621
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5
For the year ended 31 August 2024
Abslide Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
119,445
120,153
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
(56,259)
(50,157)
Taxation and social security
48,165
24,771
Other creditors
720
720
(7,374)
(24,666)
5. Average number of persons employed
During the year the average number of employees was 0
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