1 January 2024 false No description of principal activity Taxfiler 2024.6 14535695business:PrivateLimitedCompanyLtd2024-01-012024-12-31 145356952023-12-31 145356952024-01-012024-12-31 14535695business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 14535695business:FilletedAccounts2024-01-012024-12-31 145356952024-12-31 14535695business:Director12024-01-012024-12-31 14535695business:Director22024-01-012024-12-31 14535695business:RegisteredOffice2024-01-012024-12-31 145356952023-12-31 14535695core:WithinOneYear2024-12-31 14535695core:WithinOneYear2023-12-31 14535695core:AfterOneYear2024-12-31 14535695core:AfterOneYear2023-12-31 14535695core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 14535695core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14535695core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 14535695core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 14535695core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 14535695core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14535695core:PreviouslyStatedAmount2024-12-31 14535695core:PreviouslyStatedAmount2023-12-31 14535695business:SmallEntities2024-01-012024-12-31 14535695countries:EnglandWales2024-01-012024-12-31 14535695core:IntangibleAssetsOtherThanGoodwill2023-12-31 14535695core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31 14535695core:IntangibleAssetsOtherThanGoodwill2024-12-31 14535695core:PlantMachinery2023-12-31 14535695core:FurnitureFittings2023-12-31 14535695core:ComputerEquipment2023-12-31 14535695core:PlantMachinery2024-01-012024-12-31 14535695core:FurnitureFittings2024-01-012024-12-31 14535695core:ComputerEquipment2024-01-012024-12-31 14535695core:PlantMachinery2024-12-31 14535695core:FurnitureFittings2024-12-31 14535695core:ComputerEquipment2024-12-31 145356952022-12-122023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14535695 (England and Wales)
A&B Smart Materials Limited Unaudited accounts for the year ended 31 December 2024
A&B Smart Materials Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
A&B Smart Materials Limited Company Information for the year ended 31 December 2024
Directors
VAN TRAPPEN DE BUGGENOMS, Amaury Charles J WHITE, Benjamin David, Dr
Company Number
14535695 (England and Wales)
Registered Office
Centre For Innovation & Enterprise Begbroke Science Park Begbroke Hill Kidlington Oxfordshire OX5 1PF United Kingdom
- 3 -
A&B Smart Materials Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
- 
80 
Fixed assets
Intangible assets
4
13,479 
6,994 
Tangible assets
5
5,357 
7,285 
18,836 
14,279 
Current assets
Debtors
6
1,780 
- 
Cash at bank and in hand
168,009 
326,415 
169,789 
326,415 
Creditors: amounts falling due within one year
7
(19,926)
(2,404)
Net current assets
149,863 
324,011 
Total assets less current liabilities
168,699 
338,370 
Creditors: amounts falling due after more than one year
8
(145,000)
(545,000)
Net assets/(liabilities)
23,699 
(206,630)
Capital and reserves
Called up share capital
86 
80 
Share premium
399,994 
- 
Profit and loss account
(376,381)
(206,710)
Shareholders' funds
23,699 
(206,630)
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 September 2024 and were signed on its behalf by
VAN TRAPPEN DE BUGGENOMS, Amaury Charles J Director Company Registration No. 14535695
- 4 -
A&B Smart Materials Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
A&B Smart Materials Limited is a private company, limited by shares, registered in England and Wales, registration number 14535695. The registered office is Centre For Innovation & Enterprise, Begbroke Science Park, Begbroke Hill, Kidlington, Oxfordshire, OX5 1PF, United Kingdom.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
6,994 
Additions
13,479 
At 31 December 2024
20,473 
Amortisation
At 1 January 2024
- 
Charge for the year
6,994 
At 31 December 2024
6,994 
Net book value
At 31 December 2024
13,479 
At 31 December 2023
6,994 
- 5 -
A&B Smart Materials Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
3,419 
1,890 
2,870 
8,179 
Disposals
(161)
(95)
(24)
(280)
At 31 December 2024
3,258 
1,795 
2,846 
7,899 
Depreciation
At 1 January 2024
224 
281 
389 
894 
Charge for the year
538 
295 
815 
1,648 
At 31 December 2024
762 
576 
1,204 
2,542 
Net book value
At 31 December 2024
2,496 
1,219 
1,642 
5,357 
At 31 December 2023
3,195 
1,609 
2,481 
7,285 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
600 
- 
Accrued income and prepayments
347 
- 
Other debtors
833 
- 
1,780 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(2,316)
(3,032)
Trade creditors
19,774 
- 
Taxes and social security
2,548 
5,427 
Other creditors
- 
9 
Loans from directors
(80)
- 
19,926 
2,404 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
145,000 
545,000 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -