Company Registration No. 5810812 (England and Wales)
Abitalia Ltd
Unaudited accounts
for the year ended 31 May 2024
Abitalia Ltd
Unaudited accounts
Contents
Abitalia Ltd
Company Information
for the year ended 31 May 2024
Company Number
5810812 (England and Wales)
Registered Office
237 GLOUCESTER ROAD
CHELTENHAM
GLOUCESTERSHIRE
GL51 8NJ
UK
Accountants
Marc Austin Accountancy
40 Stonecote Ridge
Bussage
Stroud
Gloucestershire
GL6 8JY
Abitalia Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
3,809
5,015
Cash at bank and in hand
32,217
125,047
Creditors: amounts falling due within one year
(16,721)
(100,541)
Net current assets
155,338
182,113
Total assets less current liabilities
159,147
187,128
Provisions for liabilities
Net assets
158,474
185,955
Called up share capital
8
8
Profit and loss account
158,466
185,947
Shareholders' funds
158,474
185,955
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 26 February 2025 and were signed on its behalf by
G Moretti
Director
Company Registration No. 5810812
Abitalia Ltd
Notes to the Accounts
for the year ended 31 May 2024
Abitalia Ltd is a private company, limited by shares, registered in England and Wales, registration number 5810812. The registered office is 237 GLOUCESTER ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL51 8NJ, UK.
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
20% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
33% on reducing balance
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
7,824
14,400
12,362
34,586
At 31 May 2024
7,824
14,400
12,362
34,586
At 1 June 2023
4,912
13,530
11,129
29,571
Charge for the year
582
217
407
1,206
At 31 May 2024
5,494
13,747
11,536
30,777
At 31 May 2024
2,330
653
826
3,809
At 31 May 2023
2,912
870
1,233
5,015
Abitalia Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
16
15
Other debtors
77,826
80,825
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,866
64,874
Taxes and social security
1,859
5,987
7
Transactions with related parties
Included in "Other Debtors" is a loan to Moretti & Rosini Ltd, a company controlled by the directors of Abitalia Ltd by virtue of the fact that 100% of its issued Ordinary Share capital is owned by them. Normal commercial terms apply to this loan.
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).