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Company Registration No. SC558576 (Scotland)
Abi Archids Private Limited Unaudited Filleted Financial Statements for the year ended 31 December 2024
Abi Archids Private Limited Unaudited Filleted Financial Statements Contents
Page
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Abi Archids Private Limited Company Information for the year ended 31 December 2024
Directors
Mr A Pichaimuthu Mrs A Lakshmi Narayana Raja
Company Number
SC558576 (Scotland)
Registered Office
748 Knightswood Shopping Centre Anniesland Road Glasgow G14 0YU
Accountants
F & R Watson Accountants Limited 16 Kirk Brae Maybole KA19 7ER
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Abi Archids Private Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abi Archids Private Limited for the year ended 31 December 2024 as set out on pages 5 - 9 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Abi Archids Private Limited, as a body, in accordance with the terms of our engagement letter dated 15 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of Abi Archids Private Limited and state those matters that we have agreed to state to the Board of Directors of Abi Archids Private Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abi Archids Private Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Abi Archids Private Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Abi Archids Private Limited. You consider that Abi Archids Private Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Abi Archids Private Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
F & R Watson Accountants Limited Chartered Certified Accountants 16 Kirk Brae Maybole KA19 7ER 8 July 2025
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Abi Archids Private Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
140,976 
164,896 
Tangible assets
61,104 
72,726 
202,080 
237,622 
Current assets
Inventories
5,800 
5,500 
Debtors
17,116 
14,268 
Cash at bank and in hand
27,467 
26,001 
50,383 
45,769 
Creditors: amounts falling due within one year
(109,266)
(118,393)
Net current liabilities
(58,883)
(72,624)
Total assets less current liabilities
143,197 
164,998 
Creditors: amounts falling due after more than one year
(131,038)
(160,880)
Provisions for liabilities
Deferred tax
(10,590)
(12,665)
Net assets/(liabilities)
1,569 
(8,547)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,469 
(8,647)
Shareholders' funds
1,569 
(8,547)
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by
Mr A Pichaimuthu Director Company Registration No. SC558576
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Abi Archids Private Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Abi Archids Private Limited is a private company, limited by shares, registered in Scotland, registration number SC558576. The registered office is 748 Knightswood Shopping Centre, Anniesland Road, Glasgow, G14 0YU.
2
Accounting policies
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least the twelve months following the approval of the financial statements.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
4, 5, 7 & 9 years straight line
Computer equipment
4 years straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation. All intangible assets are considered to have a finite useful life with zero residual value. Amortisation is provided on the following bases: Goodwill - 10 years straight line Franchise fees - 10 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs in bringing the inventories to their present location and condition.
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Abi Archids Private Limited Notes to the Accounts for the year ended 31 December 2024
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments according to the substance of the contractual arrangement. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities simultaneously. Financial assets are measured at cost less any provision for impairment. Financial liabilities are measured at principal capital amounts outstanding at the period end. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.
3
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2024
231,546 
7,650 
239,196 
At 31 December 2024
231,546 
7,650 
239,196 
Amortisation
At 1 January 2024
71,775 
2,525 
74,300 
Charge for the year
23,155 
765 
23,920 
At 31 December 2024
94,930 
3,290 
98,220 
Net book value
At 31 December 2024
136,616 
4,360 
140,976 
At 31 December 2023
159,771 
5,125 
164,896 
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Abi Archids Private Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
89,738 
1,066 
90,804 
At 31 December 2024
89,738 
1,066 
90,804 
Depreciation
At 1 January 2024
17,124 
954 
18,078 
Charge for the year
11,510 
112 
11,622 
At 31 December 2024
28,634 
1,066 
29,700 
Net book value
At 31 December 2024
61,104 
- 
61,104 
At 31 December 2023
72,614 
112 
72,726 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
50,163 
57,198 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
13,726 
14,268 
Other debtors
3,390 
- 
17,116 
14,268 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,434 
5,301 
VAT
23,238 
13,619 
Obligations under finance leases and hire purchase contracts
11,343 
10,103 
Trade creditors
25,998 
42,066 
Taxes and social security
4,607 
1,063 
Other creditors
23,321 
24,608 
Accruals
15,325 
21,633 
109,266 
118,393 
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Abi Archids Private Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,210 
31,641 
Obligations under finance leases and hire purchase contracts
37,542 
48,885 
Other creditors
67,286 
80,354 
131,038 
160,880 
Aggregate of amounts that fall due for payment after five years
3,060 
27,458 
The directors have each given personal guarantees as security for both the Novuna HP agreement and the £105,000 loan from Novuna.
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
41,237 
41,237 
Later than one year and not later than five years
44,813 
86,050 
86,050 
127,287 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors' loan
- 
3,390 
- 
3,390 
- 
3,390 
- 
3,390 
During the year, the company made interest-free advances to the directors amounting to £3,390 (2023: £nil). These were unsecured and repayable on demand. There were no repayments made during the year.
10
Average number of employees
During the year the average number of employees was 13 (2023: 14).
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