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REGISTERED NUMBER: 04726959 (England and Wales)














Financial Statements

for the Period

1 December 2023 to 31 December 2024

for

Aabyss Limited

Aabyss Limited (Registered number: 04726959)

Contents of the Financial Statements
for the Period 1 December 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aabyss Limited

Company Information
for the Period 1 December 2023 to 31 December 2024







DIRECTORS: T G Midwood
Ms L Elliott
Ms S Barker





SECRETARY: Ms S Barker





REGISTERED OFFICE: Unit 19 Meridian Business Village
Hansby Drive
Hunts Cross
Liverpool
Merseyside
L24 9LG





REGISTERED NUMBER: 04726959 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Aabyss Limited (Registered number: 04726959)

Balance Sheet
31 December 2024

31.12.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 8,693
Tangible assets 5 74,885 86,807
Investments 6 279,584 749,480
354,469 844,980

CURRENT ASSETS
Stocks 7 18,000 40,000
Debtors 8 320,311 309,420
Cash at bank 537,126 640,313
875,437 989,733
CREDITORS
Amounts falling due within one year 9 494,359 847,545
NET CURRENT ASSETS 381,078 142,188
TOTAL ASSETS LESS CURRENT LIABILITIES 735,547 987,168

CREDITORS
Amounts falling due after more than one year 10 (4,139 ) (25,475 )

PROVISIONS FOR LIABILITIES (14,721 ) (17,380 )
NET ASSETS 716,687 944,313

CAPITAL AND RESERVES
Called up share capital 13 7,170 7,170
Share premium 38,214 38,214
Capital redemption reserve 50 50
Retained earnings 671,253 898,879
SHAREHOLDERS' FUNDS 716,687 944,313

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

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

Aabyss Limited (Registered number: 04726959)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:





T G Midwood - Director


Aabyss Limited (Registered number: 04726959)

Notes to the Financial Statements
for the Period 1 December 2023 to 31 December 2024


1. STATUTORY INFORMATION

Aabyss Limited 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 represents the value,net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost, 25% on cost and 15% on cost
Fixtures and fittings - 20% on cost and 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Aabyss Limited (Registered number: 04726959)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 31 December 2024 347,725
AMORTISATION
At 1 December 2023 339,032
Charge for period 8,693
At 31 December 2024 347,725
NET BOOK VALUE
At 31 December 2024 -
At 30 November 2023 8,693

Aabyss Limited (Registered number: 04726959)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 December 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 76,142 93,155 90,566 180,768 440,631
Additions - 168 - 39,733 39,901
Disposals (61,190 ) (65,513 ) (50,756 ) (130,138 ) (307,597 )
At 31 December 2024 14,952 27,810 39,810 90,363 172,935
DEPRECIATION
At 1 December 2023 70,555 78,328 74,406 130,535 353,824
Charge for period 2,131 6,676 10,782 32,234 51,823
Eliminated on disposal (61,190 ) (65,513 ) (50,756 ) (130,138 ) (307,597 )
At 31 December 2024 11,496 19,491 34,432 32,631 98,050
NET BOOK VALUE
At 31 December 2024 3,456 8,319 5,378 57,732 74,885
At 30 November 2023 5,587 14,827 16,160 50,233 86,807

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 33,104 58,095 90,566 17,306 199,071
Disposals - - (50,756 ) - (50,756 )
At 31 December 2024 33,104 58,095 39,810 17,306 148,315
DEPRECIATION
At 1 December 2023 33,104 58,095 74,406 17,306 182,911
Charge for period - - 10,782 - 10,782
Eliminated on disposal - - (50,756 ) - (50,756 )
At 31 December 2024 33,104 58,095 34,432 17,306 142,937
NET BOOK VALUE
At 31 December 2024 - - 5,378 - 5,378
At 30 November 2023 - - 16,160 - 16,160

Aabyss Limited (Registered number: 04726959)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 December 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023 749,480
Impairments (469,896 )
At 31 December 2024 279,584
NET BOOK VALUE
At 31 December 2024 279,584
At 30 November 2023 749,480

7. STOCKS
31.12.24 30.11.23
£    £   
Stocks 18,000 40,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.11.23
£    £   
Trade debtors 202,471 240,087
Other debtors 117,840 69,333
320,311 309,420

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.11.23
£    £   
Bank loans and overdrafts 10,648 10,119
Hire purchase contracts 2,386 5,097
Trade creditors 161,745 96,313
Taxation and social security 256,430 191,366
Other creditors 63,150 544,650
494,359 847,545

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 30.11.23
£    £   
Bank loans 4,139 15,660
Hire purchase contracts - 9,815
4,139 25,475

Aabyss Limited (Registered number: 04726959)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 December 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 30.11.23
£    £   
Bank loans 14,787 25,779

The bank loan is secured by a fixed and floating charge against all property or undertaking of the company dated 21 February 2014 and the charge was satisfied on 8 July 2024.

The director has a personal guarantee relating to the company overdraft.

12. PREFERENCE SHARES

During the year, the total amount of preference shares had been settled by the directors.

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 30.11.23
value: £    £   
7,166 Ordinary shares £1 7,166 7,170
4 Ordinary A shares £1 4 -
7,170 7,170

14. CONTROLLING PARTY

The controlling party is T G Midwood.