IRIS Accounts Production v24.3.2.46 04467769 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044677692023-05-31044677692024-05-31044677692023-06-012024-05-31044677692022-05-31044677692022-06-012023-05-31044677692023-05-3104467769ns15:EnglandWales2023-06-012024-05-3104467769ns14:PoundSterling2023-06-012024-05-3104467769ns10:Director12023-06-012024-05-3104467769ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104467769ns10:SmallEntities2023-06-012024-05-3104467769ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104467769ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104467769ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104467769ns10:FullAccounts2023-06-012024-05-3104467769ns10:RegisteredOffice2023-06-012024-05-3104467769ns5:CurrentFinancialInstruments2024-05-3104467769ns5:CurrentFinancialInstruments2023-05-3104467769ns5:Non-currentFinancialInstruments2024-05-3104467769ns5:Non-currentFinancialInstruments2023-05-3104467769ns5:ShareCapital2024-05-3104467769ns5:ShareCapital2023-05-3104467769ns5:RevaluationReserve2024-05-3104467769ns5:RevaluationReserve2023-05-3104467769ns5:RetainedEarningsAccumulatedLosses2024-05-3104467769ns5:RetainedEarningsAccumulatedLosses2023-05-3104467769ns5:PlantMachinery2023-06-012024-05-3104467769ns5:PlantMachinery2023-05-3104467769ns5:MotorVehicles2023-05-3104467769ns5:MotorVehicles2023-06-012024-05-3104467769ns5:PlantMachinery2024-05-3104467769ns5:MotorVehicles2024-05-3104467769ns5:PlantMachinery2023-05-3104467769ns5:MotorVehicles2023-05-3104467769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3104467769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 04467769 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Abus Limited

Abus Limited (Registered number: 04467769)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abus Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Peters





REGISTERED OFFICE: 104 Winchester Road
Brislington
Bristol
Avon
BS4 3NL





REGISTERED NUMBER: 04467769 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Abus Limited (Registered number: 04467769)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,828 29,194

CURRENT ASSETS
Debtors 5 27,610 28,577
Cash at bank 83,390 90,573
111,000 119,150
CREDITORS
Amounts falling due within one year 6 (122,275 ) (61,225 )
NET CURRENT (LIABILITIES)/ASSETS (11,275 ) 57,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,553

87,119

CREDITORS
Amounts falling due after more than one
year

7

-

(83,499

)

PROVISIONS FOR LIABILITIES (2,265 ) (3,482 )
NET ASSETS 7,288 138

CAPITAL AND RESERVES
Called up share capital 115 115
Revaluation reserve (7,900 ) (7,900 )
Retained earnings 15,073 7,923
SHAREHOLDERS' FUNDS 7,288 138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Abus Limited (Registered number: 04467769)

Balance Sheet - continued
31 May 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 director and authorised for issue on 5 February 2025 and were signed by:





A Peters - Director


Abus Limited (Registered number: 04467769)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Abus 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 20% on reducing balance and 10% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Abus Limited (Registered number: 04467769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 44,414 154,584 198,998
Disposals - (38,095 ) (38,095 )
At 31 May 2024 44,414 116,489 160,903
DEPRECIATION
At 1 June 2023 38,592 131,212 169,804
Charge for year 1,164 2,310 3,474
Eliminated on disposal - (33,203 ) (33,203 )
At 31 May 2024 39,756 100,319 140,075
NET BOOK VALUE
At 31 May 2024 4,658 16,170 20,828
At 31 May 2023 5,822 23,372 29,194

Cost or valuation at 31 May 2024 is represented by:

Plant and Motor
machinery vehicles Totals
£    £    £   
Valuation in 2018 - 653,961 653,961
Valuation in 2019 44,414 (113,933 ) (69,519 )
Valuation in 2020 - (285,086 ) (285,086 )
Valuation in 2021 - 6,995 6,995
Valuation in 2022 - (110,353 ) (110,353 )
Valuation in 2023 - 3,000 3,000
Valuation in 2024 - (38,095 ) (38,095 )
44,414 116,489 160,903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 26,633 27,620
VAT 977 957
27,610 28,577

Abus Limited (Registered number: 04467769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 72,832 -
Trade creditors 16,866 23,976
Tax 5,475 6,209
Social security and other taxes 1 482
Other creditors 6,000 6,000
Directors' current accounts 19,770 23,258
Accruals and deferred income 1,331 1,300
122,275 61,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors - 83,499

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £19,770 (2023 - £23,258).