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REGISTERED NUMBER: 07360184 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ABC DOES LTD

ABC DOES LTD (REGISTERED NUMBER: 07360184)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABC DOES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs F J Bryce-Clegg
A W Bryce-Clegg





REGISTERED OFFICE: Yr Hen Gapel
Terrace Road
Porthmadog
Gwynedd
LL49 9BA





REGISTERED NUMBER: 07360184 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

ABC DOES LTD (REGISTERED NUMBER: 07360184)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,252 8,817
Investment property 5 170,953 170,953
179,205 179,770

CURRENT ASSETS
Debtors 6 78,804 75,371
Cash at bank 42,266 13,264
121,070 88,635
CREDITORS
Amounts falling due within one year 7 92,775 70,510
NET CURRENT ASSETS 28,295 18,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,500

197,895

CREDITORS
Amounts falling due after more than one
year

8

(27,855

)

(33,129

)

PROVISIONS FOR LIABILITIES (2,063 ) (1,675 )
NET ASSETS 177,582 163,091

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 177,580 163,089
SHAREHOLDERS' FUNDS 177,582 163,091

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

ABC DOES LTD (REGISTERED NUMBER: 07360184)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:




A W Bryce-Clegg - Director



Mrs F J Bryce-Clegg - Director


ABC DOES LTD (REGISTERED NUMBER: 07360184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

ABC Does 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.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the value of each asset over its expected useful life, as follows:

Computer equipment- 25% on reducing balance
Fixtures and fittings- 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 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.

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.

Going concern
The directors believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

ABC DOES LTD (REGISTERED NUMBER: 07360184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 8,274 26,338 34,612
Additions - 1,166 1,166
At 31 August 2024 8,274 27,504 35,778
DEPRECIATION
At 1 September 2023 2,810 22,985 25,795
Charge for year 820 911 1,731
At 31 August 2024 3,630 23,896 27,526
NET BOOK VALUE
At 31 August 2024 4,644 3,608 8,252
At 31 August 2023 5,464 3,353 8,817

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 170,953
NET BOOK VALUE
At 31 August 2024 170,953
At 31 August 2023 170,953

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 3,804 371
Other debtors 75,000 75,000
78,804 75,371

ABC DOES LTD (REGISTERED NUMBER: 07360184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 6,213 6,213
Other loans - 126
Tax 27,960 12,467
VAT 5,964 4,772
Other creditors 378 48
Directors' current accounts 48,930 43,704
Accrued expenses 3,330 3,180
92,775 70,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans - 1-2 years 6,213 6,213
Bank loans - 2-5 years 21,642 26,916
27,855 33,129