2023-08-01 2024-07-31 10863786 ABELINI LIMITED false 10863786 2023-08-01 2024-07-31 10863786 uk-bus:Director1 2023-08-01 2024-07-31 10863786 uk-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10863786 uk-bus:SmallEntities 2023-08-01 2024-07-31 10863786 uk-bus:FullAccounts 2023-08-01 2024-07-31 10863786 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10863786 2023-08-01 10863786 2024-07-31 10863786 2023-07-31 xbrli:pure iso4217:GBP 10863786 2022-08-01 2023-07-31
Company Registration Number : 10863786 (England and Wales)
10863786
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-07-31
false
ABELINI LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-08-01
ABELINI LIMITED
Unaudited filleted financial statements
For the year ended 31 July 2024
ABELINI LIMITED
Contents
For the year ended 31 July 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


ABELINI LIMITED
Company Information
For the year ended 31 July 2024

Company registration number 10863786 (England and Wales)
Director Nileshkumar Bhikbhabhai Rakholia
Registered office address 154 Abercorn Crescent
Harrow
HA2 0PU
Accountant Ace Accountancy Ltd
661 Uxbridge Road
Pinner, England
HA5 3LW
ABELINI LIMITED
Statement of Financial Position
For the year ended 31 July 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 6,174 7,016
6 6,174 7,016
Current assets
Inventories 268,439 84,250
Debtors 174,643 66,626
Cash and cash equivalents 204,958 324,446
648,039 475,322
Current liabilities
Creditors: Amounts falling due within one year (342,267) (163,075)
Corporation tax payable (16,004) (11,018)
(358,271) (174,093)
Net current assets/(liabilities) 289,768 301,229
Total assets less current liabilities 295,942 308,245
Non-current liabilities
Provisions for liabilities - (35,000)
Net assets/(liabilities) 295,942 273,245
Capital and reserves
Called up share capital 1 1
Retained earnings 295,941 273,244
Shareholder's funds 295,942 273,245
For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 20 January 2025
.............................
Nileshkumar Bhikbhabhai Rakholia (Director)
Company registration number: 10863786
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-07-31 31 July 2024
2024 2023
£ £
Fixed Assets 6,174 7,016
Current Assets 648,039 475,322
Creditors: amounts falling due within one year (358,271) (174,093)
Net current assets/(liabilities) 289,768 301,229
Total assets less current liabilities 295,942 308,245
Provisions for liabilities 0 (35,000)
Net Assets/(liabilities) 295,942 273,245
Capital and Reserves 295,942 273,245
For the year ending 31/07/2024 the company was entitled to exemption 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. For the year ending 31-07-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 20 January 2025 2025-01-20 and signed on behalf of the board,
.............................
Nileshkumar Bhikbhabhai RAKHOLIA
Director
Company registration number: 10863786
ABELINI LIMITED
Notes to the Financial Statements
For the year ended 31 July 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 154 Abercorn Crescent, Harrow, HA2 0PU.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 6 (2023 : 5).

(6) Fixed assets
Tangible

£
Cost
As at 01 August 202310,958
Additions1,215
As at 31 July 202412,173
Depreciation/Amortisation
As at 01 August 20233,942
For the year2,058
As at 31 July 20246,000
Net book value
As at 31 July 20246,173
As at 31 July 20237,016