Company Registration No. 8655119 (England and Wales)
Abertawe Sectional Buildings Limited
Unaudited accounts
for the year ended 31 August 2024
Abertawe Sectional Buildings Limited
Unaudited accounts
Contents
Abertawe Sectional Buildings Limited
Company Information
for the year ended 31 August 2024
Company Number
8655119 (England and Wales)
Registered Office
Kemys Way
Enterprise Park
Llansamlet
Swansea
SA6 8QF
Accountants
Web Accounts Ltd
Abernantglas Farm
Glanamman
Ammanford
Carmarthenshire
SA18 2YG
Abertawe Sectional Buildings Limited
Statement of financial position
as at 31 August 2024
Tangible assets
21,198
23,358
Cash at bank and in hand
1,556
43,460
Creditors: amounts falling due within one year
(4,945)
(20,188)
Net current assets
36,558
38,979
Called up share capital
1
1
Profit and loss account
57,755
62,336
Shareholders' funds
57,756
62,337
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2024 and were signed on its behalf by
Wayne Jeffreys
Director
Company Registration No. 8655119
Abertawe Sectional Buildings Limited
Notes to the Accounts
for the year ended 31 August 2024
Abertawe Sectional Buildings Limited is a private company, limited by shares, registered in England and Wales, registration number 8655119. The registered office is Kemys Way, Enterprise Park, Llansamlet, Swansea, SA6 8QF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2023
7,000
26,093
5,950
200
506
39,749
Additions
-
-
-
-
2,575
2,575
At 31 August 2024
7,000
26,093
5,950
200
3,081
42,324
At 1 September 2023
-
11,119
5,021
125
126
16,391
Charge for the year
-
3,744
233
20
738
4,735
At 31 August 2024
-
14,863
5,254
145
864
21,126
At 31 August 2024
7,000
11,230
696
55
2,217
21,198
At 31 August 2023
7,000
14,974
929
75
380
23,358
Abertawe Sectional Buildings Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
2,961
10,173
Accrued income and prepayments
3,586
-
Other debtors
33,400
5,534
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,329
4,643
Taxes and social security
1,418
11,790
Loans from directors
30
2,270
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).