Company Registration No. SC593644 (Scotland)
ABERDEEN BUSINESS LIMITED
Unaudited accounts
for the year ended 30 April 2024
ABERDEEN BUSINESS LIMITED
Unaudited accounts
Contents
ABERDEEN BUSINESS LIMITED
Company Information
for the year ended 30 April 2024
Directors
Mathew Korakunju
Biju Paul
Company Number
SC593644 (Scotland)
Registered Office
313 HOLBURN STREET
ABERDEEN
AB10 7FP
SCOTLAND
ABERDEEN BUSINESS LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
34,667
45,667
Tangible assets
96,081
104,374
Cash at bank and in hand
13,780
39,856
Creditors: amounts falling due within one year
(3,400)
(4,770)
Net current assets
99,370
135,164
Total assets less current liabilities
230,118
285,205
Creditors: amounts falling due after more than one year
(126,759)
(203,858)
Called up share capital
100
100
Profit and loss account
103,259
81,247
Shareholders' funds
103,359
81,347
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 30 January 2025 and were signed on its behalf by
Biju Paul
Director
Company Registration No. SC593644
ABERDEEN BUSINESS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
ABERDEEN BUSINESS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC593644. The registered office is 313 HOLBURN STREET, ABERDEEN, AB10 7FP, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
10% on cost
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
11,000
ABERDEEN BUSINESS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
72,531
3,558
29,613
541
106,243
At 30 April 2024
72,531
3,558
29,613
541
106,243
At 1 May 2023
-
1,513
-
356
1,869
Charge for the year
-
712
7,403
178
8,293
At 30 April 2024
-
2,225
7,403
534
10,162
At 30 April 2024
72,531
1,333
22,210
7
96,081
At 30 April 2023
72,531
2,045
29,613
185
104,374
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
944
818
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
55,509
132,760
Taxes and social security
-
9,398
Loans from directors
30,000
30,250
9
Average number of employees
During the year the average number of employees was 14 (2023: 12).