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Company Registration No. 09326454 (England and Wales)
Abraham & Sons Ltd Unaudited accounts for the year ended 30 November 2024
Abraham & Sons Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Abraham & Sons Ltd Company Information for the year ended 30 November 2024
Directors
Ismail Loonat Mariam Loonat
Company Number
09326454 (England and Wales)
Registered Office
107-109 Commercial Street Batley West Yorkshire WF17 5DQ
Accountants
CGI Accountants Ltd Branch House 31-33 Branch Road Batley West Yorkshire WF17 5SB
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Abraham & Sons Ltd Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
-
15,000
Tangible assets
5
6,407
5,250
6,407
20,250
Current assets
Inventories
16,030
22,250
Cash at bank and in hand
78,321
47,179
94,351
69,429
Creditors: amounts falling due within one year
6
(11,697)
(14,197)
Net current assets
82,654
55,232
Total assets less current liabilities
89,061
75,482
Creditors: amounts falling due after more than one year
7
(6,589)
(4,070)
Net assets
82,472
71,412
Capital and reserves
Called up share capital
100
100
Profit and loss account
82,372
71,312
Shareholders' funds
82,472
71,412
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 19 September 2025 and were signed on its behalf by
Ismail Loonat Director Company Registration No. 09326454
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Abraham & Sons Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Abraham & Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 09326454. The registered office is 107-109 Commercial Street, Batley, West Yorkshire, WF17 5DQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
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.
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.
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
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
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Abraham & Sons Ltd Notes to the Accounts for the year ended 30 November 2024
4
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2023
150,000
At 30 November 2024
150,000
Amortisation
At 1 December 2023
135,000
Charge for the year
15,000
At 30 November 2024
150,000
Net book value
At 30 November 2024
-
At 30 November 2023
15,000
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 December 2023
15,347
Additions
2,288
At 30 November 2024
17,635
Depreciation
At 1 December 2023
10,097
Charge for the year
1,131
At 30 November 2024
11,228
Net book value
At 30 November 2024
6,407
At 30 November 2023
5,250
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
8,297
3,304
Proposed dividends
-
8,000
Other creditors
3,400
2,893
11,697
14,197
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans from directors
6,589
4,070
8
Average number of employees
During the year the average number of employees was 9 (2023: 8).
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