1 December 2023 false No description of principal activity Taxfiler 2024.6 12322039business:PrivateLimitedCompanyLtd2023-12-012024-11-30 123220392023-11-30 123220392023-12-012024-11-30 12322039business:AuditExemptWithAccountantsReport2023-12-012024-11-30 12322039business:FilletedAccounts2023-12-012024-11-30 123220392024-11-30 12322039business:Director12023-12-012024-11-30 12322039business:Director22023-12-012024-11-30 12322039business:Director32023-12-012024-11-30 12322039business:RegisteredOffice2023-12-012024-11-30 123220392023-11-30 12322039core:WithinOneYear2024-11-30 12322039core:WithinOneYear2023-11-30 12322039core:AfterOneYear2024-11-30 12322039core:AfterOneYear2023-11-30 12322039core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 12322039core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12322039core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 12322039core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12322039core:PreviouslyStatedAmount2024-11-30 12322039core:PreviouslyStatedAmount2023-11-30 12322039business:SmallEntities2023-12-012024-11-30 12322039countries:EnglandWales2023-12-012024-11-30 12322039core:PlantMachinery2023-12-012024-11-30 12322039core:MotorVehicles2023-12-012024-11-30 12322039core:FurnitureFittings2023-12-012024-11-30 12322039core:ComputerEquipment2023-12-012024-11-30 12322039core:PlantMachinery2023-11-30 12322039core:MotorVehicles2023-11-30 12322039core:FurnitureFittings2023-11-30 12322039core:ComputerEquipment2023-11-30 12322039core:PlantMachinery2024-11-30 12322039core:MotorVehicles2024-11-30 12322039core:FurnitureFittings2024-11-30 12322039core:ComputerEquipment2024-11-30 123220392022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 12322039 (England and Wales)
ABM Energy Ltd Unaudited accounts for the year ended 30 November 2024
ABM Energy Ltd Company Information for the year ended 30 November 2024
Directors
Steven Baxter Anthony Myers David Aston
Company Number
12322039 (England and Wales)
Registered Office
Clavering House Clavering Place Newcatle upon Tyne Tyne and Wear NE1 3NG
Accountants
Accounting Inc. Ltd Hoults Yard Walker Rd Newcastle upon Tyne Tyne and Wear NE6 2HL
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ABM Energy Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
83,711 
23,575 
Current assets
Debtors
150,287 
82,512 
Cash at bank and in hand
96,882 
80,841 
247,169 
163,353 
Creditors: amounts falling due within one year
(125,073)
(95,502)
Net current assets
122,096 
67,851 
Total assets less current liabilities
205,807 
91,426 
Creditors: amounts falling due after more than one year
(62,660)
(701)
Provisions for liabilities
Deferred tax
(15,905)
(4,479)
Net assets
127,242 
86,246 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
127,142 
86,146 
Shareholders' funds
127,242 
86,246 
For the year ending 30 November 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 30 July 2025 and were signed on its behalf by
Steven Baxter Director Company Registration No. 12322039
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ABM Energy Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
ABM Energy Ltd is a private company, limited by shares, registered in England and Wales, registration number 12322039. The registered office is Clavering House, Clavering Place, Newcatle upon Tyne, Tyne and Wear, NE1 3NG.
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.
3
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
15% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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ABM Energy Ltd Notes to the Accounts for the year ended 30 November 2024
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.
Deferred taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2023
6,140 
27,192 
- 
2,925 
36,257 
Additions
- 
75,762 
5,799 
615 
82,176 
Disposals
- 
(27,192)
- 
- 
(27,192)
At 30 November 2024
6,140 
75,762 
5,799 
3,540 
91,241 
Depreciation
At 1 December 2023
1,916 
9,064 
- 
1,702 
12,682 
Charge for the year
634 
6,099 
97 
708 
7,538 
On disposals
- 
(12,690)
- 
- 
(12,690)
At 30 November 2024
2,550 
2,473 
97 
2,410 
7,530 
Net book value
At 30 November 2024
3,590 
73,289 
5,702 
1,130 
83,711 
At 30 November 2023
4,224 
18,128 
- 
1,223 
23,575 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,746 
4,005 
Trade debtors
135,001 
78,507 
Other debtors
3,540 
- 
150,287 
82,512 
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ABM Energy Ltd Notes to the Accounts for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
13,466 
8,587 
Trade creditors
89,861 
59,195 
Taxes and social security
16,831 
20,250 
Other creditors
56 
1,122 
Loans from directors
4,859 
6,348 
125,073 
95,502 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
62,660 
701 
8
Average number of employees
During the year the average number of employees was 6 (2023: 3).
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