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Company Registration No. 10131924 (England and Wales)
Abitant Ltd. Unaudited accounts for the year ended 30 April 2024
Abitant Ltd. Unaudited accounts Contents
Page
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Abitant Ltd. Company Information for the year ended 30 April 2024
Directors
D Danieli O Tomushkina
Company Number
10131924 (England and Wales)
Registered Office
25 NORTH ROW LONDON W1K 6DJ ENGLAND
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Abitant Ltd. Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
50 
50 
Fixed assets
Tangible assets
1,829 
2,642 
Current assets
Debtors
198,869 
71,864 
Cash at bank and in hand
182,500 
281,990 
381,369 
353,854 
Creditors: amounts falling due within one year
(427,980)
(449,895)
Net current liabilities
(46,611)
(96,041)
Total assets less current liabilities
(44,732)
(93,349)
Creditors: amounts falling due after more than one year
(148,989)
(148,989)
Provisions for liabilities
Deferred tax
(126)
(126)
Net liabilities
(193,847)
(242,464)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(193,947)
(242,564)
Shareholders' funds
(193,847)
(242,464)
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
D Danieli Director Company Registration No. 10131924
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Abitant Ltd. Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Abitant Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10131924. The registered office is 25 NORTH ROW, LONDON, W1K 6DJ, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The director believes that notwithstanding current year losses and net liabilities the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the director and investors will be adequate to meet the company's needs for a period of at least 12 months from the date of these approved financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
over 3 years on a straight line basis
Other tangible fixed assets
over 3 years on a straight line basis
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Abitant Ltd. Notes to the Accounts for the year ended 30 April 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
8,982 
1,632 
10,614 
Additions
634 
- 
634 
At 30 April 2024
9,616 
1,632 
11,248 
Depreciation
At 1 May 2023
6,340 
1,632 
7,972 
Charge for the year
1,447 
- 
1,447 
At 30 April 2024
7,787 
1,632 
9,419 
Net book value
At 30 April 2024
1,829 
- 
1,829 
At 30 April 2023
2,642 
- 
2,642 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
5,516 
Trade debtors
171,904 
42,022 
Accrued income and prepayments
835 
835 
Other debtors
26,130 
23,491 
198,869 
71,864 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,627 
- 
Trade creditors
405,875 
443,963 
Taxes and social security
5,850 
2,423 
Other creditors
5,628 
3,509 
427,980 
449,895 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
23,125 
23,125 
Loans from directors
125,864 
125,864 
148,989 
148,989 
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Abitant Ltd. Notes to the Accounts for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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