REGISTERED NUMBER: 08865269 (England and Wales)

ABI BUSINESS SERVICES LIMITED

T/A

V4 TELECOM

V4 CLOUD

V4 CONSUMER

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A K Jha

Mr G S Gill

Mrs S Chettri Jha

REGISTERED OFFICE:

1st Floor, Cash's Business Centre

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

REGISTERED NUMBER:

08865269 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

4

99,251

94,414

CURRENT ASSETS

Stocks

372,125

346,875

Debtors

5

721,929

724,643

Cash at bank

261,849

234,584

1,355,903

1,306,102

CREDITORS

Amounts falling due within one year

6

(989,382

)

(899,921

)

NET CURRENT ASSETS

366,521

406,181

TOTAL ASSETS LESS CURRENT LIABILITIES

465,772

500,595

CREDITORS

Amounts falling due after more than one year

7

(95,295

)

(213,901

)

PROVISIONS FOR LIABILITIES

(7,620

)

(9,178

)

NET ASSETS

362,857

277,516

CAPITAL AND RESERVES

Called up share capital

9

150,000

150,000

Retained earnings

212,857

127,516

SHAREHOLDERS' FUNDS

362,857

277,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 15 September 2025 and were signed on its behalf by:

Mr A K Jha - Director

1.	STATUTORY INFORMATION

ABI Business Services 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their 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 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 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 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 year was 18 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

27,613

79,637

106,893

214,143

Additions

-

46,591

-

46,591

Disposals

-

(20,767

)

-

(20,767

)

At 30 September 2024

27,613

105,461

106,893

239,967

DEPRECIATION

At 1 October 2023

21,164

30,396

68,169

119,729

Charge for year

1,290

21,038

7,745

30,073

Eliminated on disposal

-

(9,086

)

-

(9,086

)

At 30 September 2024

22,454

42,348

75,914

140,716

NET BOOK VALUE

At 30 September 2024

5,159

63,113

30,979

99,251

At 30 September 2023

6,449

49,241

38,724

94,414

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

355,045

464,330

Other debtors

316,060

260,313

Directors' current accounts

50,824

-

721,929

724,643

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts (see note 8)

104,453

143,620

Hire purchase contracts

20,570

10,153

Trade creditors

709,404

658,594

Taxation and social security

78,345

96,949

Other creditors

76,610

(9,395

)

989,382

899,921

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans (see note 8)

30,385

156,956

Hire purchase contracts

64,910

56,945

95,295

213,901

8.

LOANS

An analysis of the maturity of loans is given below:

30.9.24

30.9.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,583

659

Bank loans

102,870

142,961

104,453

143,620

Amounts falling due between two and five years:

Bank loans - more than 1 year

30,385

156,956

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

150,000

Ordinary

£1

150,000

150,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

Mr A K Jha

Balance outstanding at start of year

(393

)

(393

)

Amounts advanced

51,217

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

50,824

(393

)

Mr G S Gill

Balance outstanding at start of year

(96

)

(96

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(96

)

(96

)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A K Jha.