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Company Registration No. 5810812 (England and Wales)
Abitalia Ltd Unaudited accounts for the year ended 31 May 2024
Abitalia Ltd Unaudited accounts Contents
Page
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Abitalia Ltd Company Information for the year ended 31 May 2024
Director
G Moretti
Secretary
C Moretti
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
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Abitalia Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,809 
5,015 
Current assets
Inventories
62,000 
61,655 
Debtors
77,842 
95,952 
Cash at bank and in hand
32,217 
125,047 
172,059 
282,654 
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
Deferred tax
(673)
(1,173)
Net assets
158,474 
185,955 
Capital and reserves
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
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Abitalia Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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 
Depreciation
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 
Net book value
At 31 May 2024
2,330 
653 
826 
3,809 
At 31 May 2023
2,912 
870 
1,233 
5,015 
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Abitalia Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
15,112 
Accrued income and prepayments
16 
15 
Other debtors
77,826 
80,825 
77,842 
95,952 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,659 
28,465 
Trade creditors
8,866 
64,874 
Taxes and social security
1,859 
5,987 
Accruals
1,337 
1,215 
16,721 
100,541 
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).
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