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Company Registration No. 12007746 (England and Wales)
ABBAS AUTO TECH LTD Unaudited accounts for the year ended 31 May 2024
ABBAS AUTO TECH LTD Unaudited accounts Contents
Page
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ABBAS AUTO TECH LTD Company Information for the year ended 31 May 2024
Director
ABBAS JELOKHANI NIARAKI
Secretary
ABBAS JELOKHANI NIARAKI
Company Number
12007746 (England and Wales)
Registered Office
R/O 12-14 WIPPENDELL ROAD WATFORD WD18 7LU UNITED KINGDOM
Accountants
DARBOE JULA & CO LTD TEAM HOUSE 1B ST MARY ROAD WATFORD HERTFORDSHIRE WD18 0EE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ABBAS AUTO TECH LTD for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABBAS AUTO TECH LTD for the year ended 31 May 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of ABBAS AUTO TECH LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of ABBAS AUTO TECH LTD and state those matters that we have agreed to state to the Board of Directors of ABBAS AUTO TECH LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABBAS AUTO TECH LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABBAS AUTO TECH LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ABBAS AUTO TECH LTD. You consider that ABBAS AUTO TECH LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ABBAS AUTO TECH LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DARBOE JULA & CO LTD Chartered Certified Accountants TEAM HOUSE 1B ST MARY ROAD WATFORD HERTFORDSHIRE WD18 0EE 24 February 2025
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ABBAS AUTO TECH LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,000 
16,000 
Tangible assets
12,500 
15,000 
26,500 
31,000 
Current assets
Cash at bank and in hand
4,120 
3,625 
Creditors: amounts falling due within one year
(885)
(387)
Net current assets
3,235 
3,238 
Total assets less current liabilities
29,735 
34,238 
Creditors: amounts falling due after more than one year
(4,300)
(7,909)
Net assets
25,435 
26,329 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
(18,617)
(14,181)
Profit and loss account
43,952 
40,410 
Shareholders' funds
25,435 
26,329 
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 25 February 2025 and were signed on its behalf by
ABBAS JELOKHANI NIARAKI Director Company Registration No. 12007746
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ABBAS AUTO TECH LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
ABBAS AUTO TECH LTD is a private company, limited by shares, registered in England and Wales, registration number 12007746. The registered office is R/O 12-14 WIPPENDELL ROAD, WATFORD, WD18 7LU, UNITED KINGDOM.
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
10 YEARS
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
20,000 
At 31 May 2024
20,000 
Amortisation
At 1 June 2023
4,000 
Charge for the year
2,000 
At 31 May 2024
6,000 
Net book value
At 31 May 2024
14,000 
At 31 May 2023
16,000 
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ABBAS AUTO TECH LTD Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
25,000 
At 31 May 2024
25,000 
Depreciation
At 1 June 2023
10,000 
Charge for the year
2,500 
At 31 May 2024
12,500 
Net book value
At 31 May 2024
12,500 
At 31 May 2023
15,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
885 
387 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,300 
7,909 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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