ABSTRACT TECH LIMITED


Director	MAJID, Abdul Minan


Registered Address	21 The Calls The Coachworks
	1st Floor, Harcourt House
	Leeds
	LS2 7EH


Registered Number	10741640 (England and Wales)

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Patents and licences are being amortised evenly over their estimated useful life of nil years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	7
	Vehicles	4
	Office Equipment	4

	Investments
	Investments in subsidiaries are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Government grants or assistance
	Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Income Statement at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

Government grants or assistance

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Income Statement at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. 

Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	20		26

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 May 24	8,620	8,620
Disposals	(8,620)	(8,620)
Amortisation and impairment
At 01 May 24	6,148	6,148
On disposals	(6,148)	(6,148)
Net book value
At 30 April 25	-	-
At 30 April 24	2,472	2,472

4.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 May 24	260,884	322,116	79,596	662,596
Additions	-	1,968	13,299	15,267
Disposals	(260,884)	-	-	(260,884)
At 30 April 25	-	324,084	92,895	416,979
Depreciation and impairment
At 01 May 24	38,046	97,814	38,910	174,770
Charge for year	-	48,281	19,917	68,198
On disposals	(38,046)	-	-	(38,046)
At 30 April 25	-	146,095	58,827	204,922
Net book value
At 30 April 25	-	177,989	34,068	212,057
At 30 April 24	222,838	224,302	40,686	487,826

5.	Fixed asset investments
	The company's investments at the Statement of Financial Position date in the share capital of companies include the following: Abstract Tech Asia Private Limited Registered office: India Nature of business: Technology % Class of shares: holding Ordinary 75.00

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 May 24	15	15
At 30 April 25	15	15
Net book value
At 30 April 25	15	15
At 30 April 24	15	15

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	309,932	614,947
Other debtors	352,593	55,348
Prepayments and accrued income	240,266	134,331
Total	902,791	804,626

7.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	66,613	81,593
Total	66,613	81,593

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	119,403	142,630
Taxation and social security	50,232	123,514
Finance lease and HP contracts	-	44,275
Other creditors	2,868	8,698
Accrued liabilities and deferred income	103,024	43,755
Total	275,527	362,872


	A debenture and cross guarantee was registered at Companies House. Fixed and floating charges cover all property and undertakings of the company.

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	-	160,768
Total	-	160,768

10.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	-		205,043

11.	Provisions for liabilities
	The provision for deferred tax is made up of accelerated capital allowances and trading losses. Trading losses of £481,101 are carried forward to utilise against future trading profits.

	2025	2024
	£	£
Net deferred tax liability (asset)	-	57,155
Total	-	57,155

12.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £2,868 (2024 - £nil) were due to the fund. They are included in other creditors.

13.	Operating lease commitments
	At 31st March 2025 the company had future minimum lease payments under non-cancellable operating leases of £143,993 (2024 - £321,493).

14.	Controlling party
	This company's ultimate parent undertaking and controlling party is Echt Group Limited, a company registered in England and Wales, company number 14186173.

15.	Parent-subsidiary relationships
	As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with the entities which are part of the Group, since 100% of the voting rights in the Company are controlled within the Group.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		2,472
Tangible assets	4		212,057		487,826
Investments	5		15		15
			212,072		490,313
Current assets
Debtors	6,7	969,403		886,220
Cash at bank and on hand		430,608		123,743
		1,400,011		1,009,963
Creditors amounts falling due within one year	8	(275,527)		(362,872)
Net current assets (liabilities)			1,124,484		647,091
Total assets less current liabilities			1,336,556		1,137,404
Creditors amounts falling due after one year	9		-		(160,768)
Provisions for liabilities	11		-		(57,155)
Net assets			1,336,556		919,481
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,336,456		919,381
Shareholders' funds			1,336,556		919,481