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REGISTERED NUMBER: 03997079 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Abacus Valves International Limited

Abacus Valves International Limited (Registered number: 03997079)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Abacus Valves International Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S S Cook
S Graham
J R M Hogg





REGISTERED OFFICE: Charwell House
Wilsom Road
Alton
Hampshire
GU34 2TR





REGISTERED NUMBER: 03997079 (England and Wales)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Abacus Valves International Limited (Registered number: 03997079)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 912,666 710,398

CURRENT ASSETS
Stocks 2,507,880 1,382,448
Debtors 5 708,726 858,955
Cash at bank and in hand 370,990 227,354
3,587,596 2,468,757
CREDITORS
Amounts falling due within one year 6 1,222,758 768,642
NET CURRENT ASSETS 2,364,838 1,700,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,277,504

2,410,513

CREDITORS
Amounts falling due after more than one year 7 1,941,376 1,338,547
NET ASSETS 1,336,128 1,071,966

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,336,028 1,071,866
SHAREHOLDERS' FUNDS 1,336,128 1,071,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Abacus Valves International Limited (Registered number: 03997079)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by:




S S Cook - Director



S Graham - Director


Abacus Valves International Limited (Registered number: 03997079)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Abacus Valves International Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 40 ) .

Abacus Valves International Limited (Registered number: 03997079)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 141,500 1,406,384 1,547,884
Additions 10,997 301,462 312,459
At 30 April 2024 152,497 1,707,846 1,860,343
DEPRECIATION
At 1 May 2023 8,248 829,238 837,486
Charge for year 2,977 107,214 110,191
At 30 April 2024 11,225 936,452 947,677
NET BOOK VALUE
At 30 April 2024 141,272 771,394 912,666
At 30 April 2023 133,252 577,146 710,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 559,476 837,025
Other debtors 149,250 21,930
708,726 858,955

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 34,749 34,749
Trade creditors 1,083,230 632,638
Taxation and social security 97,631 94,757
Other creditors 7,148 6,498
1,222,758 768,642

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 48,136 82,920
Other creditors 1,893,240 1,255,627
1,941,376 1,338,547

Abacus Valves International Limited

Report of the Accountants to the Directors of
Abacus Valves International Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


12 June 2024