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Registration number: 12779725

AB Consulting 2020 Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 29 July 2024

 

AB Consulting 2020 Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

AB Consulting 2020 Ltd

Company Information

Director

Mr Andrew Biltcliffe

Registered office

Old Manor House
Edgcott
Aylesbury
Bucks
HP18 0TR

Accountants

MK4 Accountants
14 Brook Dene
Winslow
Buckingham
Buckinghamshire
MK18 3FU

 

AB Consulting 2020 Ltd

(Registration number: 12779725)
Abridged Balance Sheet as at 29 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

2,625

2,625

Cash at bank and in hand

 

3,064

3,064

 

5,689

5,689

Creditors: Amounts falling due within one year

(24,290)

(24,290)

Total assets less current liabilities

 

(18,601)

(18,601)

Accruals and deferred income

 

(1,199)

(1,199)

Net liabilities

 

(19,800)

(19,800)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(19,801)

(19,801)

Shareholders' deficit

 

(19,800)

(19,800)

For the financial year ending 29 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 7 February 2025
 

.........................................
Mr Andrew Biltcliffe
Director

 

AB Consulting 2020 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 July 2024

1

General information

The company is a private company limited by share capital, incorporated in Unoted Kingdom.

The address of its registered office is:
Old Manor House
Edgcott
Aylesbury
Bucks
HP18 0TR

These financial statements were authorised for issue by the director on 7 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computers

100% Write off on acquistion

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

AB Consulting 2020 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 July 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

AB Consulting 2020 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 30 July 2023

1,049

1,049

At 29 July 2024

1,049

1,049

Depreciation

At 30 July 2023

1,049

1,049

At 29 July 2024

1,049

1,049

Carrying amount

At 29 July 2024

-

-

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1