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REGISTERED NUMBER: 09741430 (England and Wales)











FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2024

FOR

ABOVO BUSINESS SERVICES LIMITED
TRADING AS
ABOVO-CONSULT

ABOVO BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 09741430)
TRADING AS ABOVO-CONSULT






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABOVO BUSINESS SERVICES LIMITED
TRADING AS ABOVO-CONSULT

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2024







DIRECTORS: A Smith
A J Young





REGISTERED OFFICE: Elmwood House
70 Cadman Road
Bridlington
East Yorkshire
YO16 6YZ





REGISTERED NUMBER: 09741430 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

ABOVO BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 09741430)
TRADING AS ABOVO-CONSULT

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.7.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 92,190 -
Tangible assets 5 1,601 2,007
93,791 2,007

CURRENT ASSETS
Stocks 71,474 65,289
Debtors 6 35,796 45,249
Cash at bank 211,601 402,953
318,871 513,491
CREDITORS
Amounts falling due within one year 7 200,955 282,735
NET CURRENT ASSETS 117,916 230,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,707

232,763

PROVISIONS FOR LIABILITIES 23,448 503
NET ASSETS 188,259 232,260

CAPITAL AND RESERVES
Called up share capital 8 55 100
Capital redemption reserve 45 -
Retained earnings 188,159 232,160
SHAREHOLDERS' FUNDS 188,259 232,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ABOVO BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 09741430)
TRADING AS ABOVO-CONSULT

BALANCE SHEET - continued
31 DECEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





A Smith - Director


ABOVO BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 09741430)
TRADING AS ABOVO-CONSULT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Abovo Business Services Limited 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 represents net invoiced sales of consultancy services, excluding value added tax. Turnover is recognised when the service is provided.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

ABOVO BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 09741430)
TRADING AS ABOVO-CONSULT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 102,433
At 31 December 2024 102,433
AMORTISATION
Charge for period 10,243
At 31 December 2024 10,243
NET BOOK VALUE
At 31 December 2024 92,190

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2024 5,882
Additions 1,697
Disposals (2,152 )
At 31 December 2024 5,427
DEPRECIATION
At 1 August 2024 5,004
Charge for period 974
Eliminated on disposal (2,152 )
At 31 December 2024 3,826
NET BOOK VALUE
At 31 December 2024 1,601
At 31 July 2024 878

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.7.24
£    £   
Trade debtors 25,380 38,524
Other debtors 10,416 6,725
35,796 45,249

ABOVO BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 09741430)
TRADING AS ABOVO-CONSULT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2024 TO 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.7.24
£    £   
Tax 75,456 101,611
VAT 4,143 9,378
Other creditors - 26,281
Directors' current accounts 4,157 15,360
Accrued expenses 3,631 5,529
Deferred income 113,568 124,576
200,955 282,735

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.7.24
value: £    £   
55 Ordinary £1 55 100