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REGISTERED NUMBER: 05653281 (England and Wales)















Financial Statements for the Year Ended 30th September 2024

for

Abacus Fire and Security Ltd

Abacus Fire and Security Ltd (Registered number: 05653281)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abacus Fire and Security Ltd

Company Information
for the Year Ended 30th September 2024







DIRECTOR: Mr D Sephton





REGISTERED OFFICE: Unit 2 Semer Court
Crockatt Road
Hadleigh
Suffolk
IP7 6RN





REGISTERED NUMBER: 05653281 (England and Wales)

Abacus Fire and Security Ltd (Registered number: 05653281)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,750
Tangible assets 5 91,785 82,712
91,785 101,462

CURRENT ASSETS
Stocks and work in progress 41,703 45,372
Debtors 6 435,053 291,747
Cash at bank 158,075 252,537
634,831 589,656
CREDITORS
Amounts falling due within one year 7 255,809 223,181
NET CURRENT ASSETS 379,022 366,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

470,807

467,937

CREDITORS
Amounts falling due after more than one
year

8

(5,311

)

(13,277

)

PROVISIONS FOR LIABILITIES (22,946 ) (20,678 )
NET ASSETS 442,550 433,982

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 442,548 433,980
SHAREHOLDERS' FUNDS 442,550 433,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Abacus Fire and Security Ltd (Registered number: 05653281)

Balance Sheet - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th February 2025 and were signed by:





Mr D Sephton - Director


Abacus Fire and Security Ltd (Registered number: 05653281)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Abacus Fire and Security Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill being the amounts paid in connection with the acquisition of businesses in 2019, has been amortized evenly over its estimated life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Abacus Fire and Security Ltd (Registered number: 05653281)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued
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 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 198,500
AMORTISATION
At 1st October 2023 179,750
Amortisation for year 18,750
At 30th September 2024 198,500
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 18,750

Abacus Fire and Security Ltd (Registered number: 05653281)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 20,481 10,374 102,870 36,831 170,556
Additions - 2,206 26,313 2,149 30,668
At 30th September 2024 20,481 12,580 129,183 38,980 201,224
DEPRECIATION
At 1st October 2023 18,112 6,799 33,033 29,900 87,844
Charge for year 474 698 18,901 1,522 21,595
At 30th September 2024 18,586 7,497 51,934 31,422 109,439
NET BOOK VALUE
At 30th September 2024 1,895 5,083 77,249 7,558 91,785
At 30th September 2023 2,369 3,575 69,837 6,931 82,712

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 420,726 278,443
Prepayments and accrued income 14,327 13,304
435,053 291,747

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,966 7,966
Trade creditors 105,759 87,612
Tax 61,569 57,774
Social security and other taxes 5,580 5,104
Pension Fund 210 210
VAT 62,983 52,781
Other creditors 4,358 4,519
Directors' loan accounts 3,349 3,300
Accruals and deferred income 4,035 3,915
255,809 223,181

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,311 13,277

Abacus Fire and Security Ltd (Registered number: 05653281)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

9. ULTIMATE CONTROLLING PARTY

The company was controlled by the director, Mr D J Sephton, and his wife who between them own the entire share capital.