REGISTERED NUMBER: 02335679 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

ABASTRA ENVIRONMENTAL LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C C Lawrence

C Lawrence

REGISTERED OFFICE:

Priestley House

Priestley Gardens

Chadwell Heath

Essex

RM6 4SN

REGISTERED NUMBER:

02335679 (England and Wales)

ACCOUNTANTS:

Chegwidden & Co

Chartered Accountants

Priestley House

Priestley Gardens

Chadwell Heath

Essex

RM6 4SN

FIXED ASSETS

Property, plant and equipment

4

184,929

214,428

CURRENT ASSETS

Inventories

9,000

18,250

Debtors

227,134

220,242

Cash at bank and in hand

11,255

252,796

247,389

491,288

CREDITORS

Amounts falling due within one year

150,770

295,795

NET CURRENT ASSETS

96,619

195,493

TOTAL ASSETS LESS CURRENT LIABILITIES

281,548

409,921

CREDITORS

Amounts falling due after more than one year

(189,542

)

(245,884

)

PROVISIONS FOR LIABILITIES

(31,078

)

(47,926

)

NET ASSETS

60,928

116,111

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

60,828

116,011

SHAREHOLDERS' FUNDS

60,928

116,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th September 2025 and were signed on its behalf by:

C Lawrence - Director

1.	STATUTORY INFORMATION

Abastra Environmental Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 fair value of services provided, excluding value added tax, once the income and related costs incurred can be reliably measured, and it is probable that the economic benefits will flow to the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes direct materials, labour costs and those overheads that have been incurred to bring the stock to its present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Assets under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease and 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.

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.

Website development

In accordance with standard practice, it is the company's policy to write off any website development costs in the year they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1st November 2023

442,073

Additions

48,389

Disposals

(51,097

)

At 31st October 2024

439,365

DEPRECIATION

At 1st November 2023

227,645

Charge for year

56,435

Eliminated on disposal

(29,644

)

At 31st October 2024

254,436

NET BOOK VALUE

At 31st October 2024

184,929

At 31st October 2023

214,428

The net book value of the assets above include £166,578 (2023 - £196,248) for motor vehicles under hire purchase contracts. Depreciation for these assets, amounting to £47,461 (2023 - £58,945).

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

7,561

-

Hire purchase contracts

161,116

186,808

168,677

186,808

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

2024

2023

£

£

C Lawrence

Balance outstanding at start of year

22,582

25,555

Amounts advanced

30,234

22,582

Amounts repaid

(22,582

)

(25,555

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,234

22,582

C C Lawrence

Balance outstanding at start of year

10,327

11,337

Amounts advanced

27,214

10,327

Amounts repaid

(10,327

)

(11,337

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,214

10,327

Various amounts were advanced to the directors with no variable rate interest charged, with the advance being repayable on demand.

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £38,000 (2023 - £84,000) were paid to the directors .