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COMPANY REGISTRATION NUMBER: 12166392
ABU Renovations Ltd
Filleted Unaudited Financial Statements
31 August 2024
ABU Renovations Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
34,101
37,071
Current assets
Stocks
25,000
10,000
Debtors
6
5,316
18,466
Cash at bank and in hand
94,346
258,789
---------
---------
124,662
287,255
Creditors: amounts falling due within one year
7
159,240
115,925
---------
---------
Net current (liabilities)/assets
( 34,578)
171,330
--------
---------
Total assets less current liabilities
( 477)
208,401
----
---------
Net (liabilities)/assets
( 477)
208,401
----
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 577)
208,301
----
---------
Shareholders (deficit)/funds
( 477)
208,401
----
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ABU Renovations Ltd
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 7 May 2025 , and are signed on behalf of the board by:
Mr R Wysocki
Director
Company registration number: 12166392
ABU Renovations Ltd
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor Flat, 60 Heybridge Avenue, London, SW16 3DX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 September 2023
37,438
9,684
47,122
Additions
1,700
1,700
--------
--------
--------
At 31 August 2024
37,438
11,384
48,822
--------
--------
--------
Depreciation
At 1 September 2023
8,127
1,924
10,051
Charge for the year
1,000
3,670
4,670
--------
--------
--------
At 31 August 2024
9,127
5,594
14,721
--------
--------
--------
Carrying amount
At 31 August 2024
28,311
5,790
34,101
--------
--------
--------
At 31 August 2023
29,311
7,760
37,071
--------
--------
--------
6. Debtors
2024
2023
£
£
Other debtors
5,316
18,466
-------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
57,242
65,700
Social security and other taxes
89,823
25,296
Other creditors
12,175
24,929
---------
---------
159,240
115,925
---------
---------
8. Related party transactions
The company was under the control of Mr R Wysocki throughout the current and previous year. Mr R Wysocki is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.