REGISTERED NUMBER: 13564567 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

ABCAM DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Brown

C A Montgomery

REGISTERED OFFICE:

System 3

Denton Hall Farm Road

Denton

M34 2SY

REGISTERED NUMBER:

13564567 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

324,978

252,328

CURRENT ASSETS

Stocks

20,000

30,000

Debtors

5

88,647

38,992

Cash at bank

9,236

42,454

117,883

111,446

CREDITORS

Amounts falling due within one year

6

140,801

108,441

NET CURRENT (LIABILITIES)/ASSETS

(22,918

)

3,005

TOTAL ASSETS LESS CURRENT LIABILITIES

302,060

255,333

CREDITORS

Amounts falling due after more than one year

7

(90,308

)

(49,830

)

PROVISIONS FOR LIABILITIES

(81,245

)

(63,082

)

NET ASSETS

130,507

142,421

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

130,505

142,419

SHAREHOLDERS' FUNDS

130,507

142,421

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

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:

A J Brown - Director

1.	STATUTORY INFORMATION

ABCAM DEVELOPMENTS 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.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 15% on cost and 15% 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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

316,272

Additions

123,922

Disposals

(4,350

)

At 31 December 2024

435,844

DEPRECIATION

At 1 January 2024

63,944

Charge for year

48,662

Eliminated on disposal

(1,740

)

At 31 December 2024

110,866

NET BOOK VALUE

At 31 December 2024

324,978

At 31 December 2023

252,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

99,083

Additions

59,877

At 31 December 2024

158,960

DEPRECIATION

At 1 January 2024

22,482

Charge for year

11,490

At 31 December 2024

33,972

NET BOOK VALUE

At 31 December 2024

124,988

At 31 December 2023

76,601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

70,165

26,142

Other debtors

18,482

12,850

88,647

38,992

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

11,765

6,853

Trade creditors

49,808

41,950

Taxation and social security

25,773

41,339

Other creditors

53,455

18,299

140,801

108,441

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

90,308

49,830

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

102,073

56,683

9.	RELATED PARTY DISCLOSURES

This company trades with related parties being ABMB Holdings Limited, System 3 and System 3 Investments Ltd, where the outstanding balances due at the end of the year was £3,328. ( 2023 - £1,495).

System 3 owed £2,070 to the company at the end of the financial year.

During the year, sales totalling £493,333 were to the above named related parties. ( 2023 - £1,383,683).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.