1 1 ABE Consulting Limited SC704602 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true SC704602 2023-08-01 2024-07-31 SC704602 2024-07-31 SC704602 core:CurrentFinancialInstruments 2024-07-31 SC704602 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 SC704602 core:FurnitureFittingsToolsEquipment 2024-07-31 SC704602 bus:SmallEntities 2023-08-01 2024-07-31 SC704602 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC704602 bus:FilletedAccounts 2023-08-01 2024-07-31 SC704602 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC704602 bus:RegisteredOffice 2023-08-01 2024-07-31 SC704602 bus:Director1 2023-08-01 2024-07-31 SC704602 bus:Director2 2023-08-01 2024-07-31 SC704602 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC704602 bus:Agent1 2023-08-01 2024-07-31 SC704602 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 SC704602 core:OfficeEquipment 2023-08-01 2024-07-31 SC704602 countries:Scotland 2023-08-01 2024-07-31 SC704602 2023-07-31 SC704602 core:FurnitureFittingsToolsEquipment 2023-07-31 SC704602 2022-08-01 2023-07-31 SC704602 2023-07-31 SC704602 core:CurrentFinancialInstruments 2023-07-31 SC704602 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC704602 core:FurnitureFittingsToolsEquipment 2023-07-31 xbrli:pure iso4217:GBP

Registration number: SC704602

ABE Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

ABE Consulting Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

ABE Consulting Limited

Company Information

Directors

Mrs A Laing

Mr S Laing

Registered office

Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD

Accountants

Ross McConnell
Chartered Accountant3 High Street
Kinross
KY13 8AW

 

ABE Consulting Limited

(Registration number: SC704602)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

837

856

Current assets

 

Debtors

5

7,523

-

Cash at bank and in hand

 

10,030

15,920

 

17,553

15,920

Creditors: Amounts falling due within one year

6

(18,361)

(16,725)

Net current liabilities

 

(808)

(805)

Net assets

 

29

51

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

27

49

Shareholders' funds

 

29

51

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 

.........................................
Mrs A Laing
Director

.........................................
Mr S Laing
Director

 
     
 

ABE Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

ABE Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

ABE Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

1,335

1,335

Additions

310

310

At 31 July 2024

1,645

1,645

Depreciation

At 1 August 2023

479

479

Charge for the year

329

329

At 31 July 2024

808

808

Carrying amount

At 31 July 2024

837

837

At 31 July 2023

856

856

5

Debtors

Current

2024
£

2023
£

Other debtors

7,523

-

 

7,523

-

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

104

Taxation and social security

 

13,375

10,653

Accruals and deferred income

 

800

800

Other creditors

 

4,186

5,168

 

18,361

16,725

 

ABE Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2