Registered number
09353342
Abazaba Ltd
Filleted Accounts
31 December 2024
Abazaba Ltd
Registered number: 09353342
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 148,215 161,171
Current assets
Debtors 4 13,255 1,915
Cash at bank and in hand 124,608 64,020
137,863 65,935
Creditors: amounts falling due within one year 5 (73,290) (43,007)
Net current assets 64,573 22,928
Net assets 212,788 184,099
Capital and reserves
Called up share capital 100 100
Profit and loss account 212,688 183,999
Shareholders' funds 212,788 184,099
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shane Billingham
Director
Approved by the board on 22 September 2025
Abazaba Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, once the asset is brought into use as follows:
Fixtures, fittings, tools and equipment over 4 years
Land and buildings length of lease/interest held
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 175,156 5,386 180,542
Additions 3,054 249 3,303
At 31 December 2024 178,210 5,635 183,845
Depreciation
At 1 January 2024 15,704 3,667 19,371
Charge for the year 14,850 1,409 16,259
At 31 December 2024 30,554 5,076 35,630
Net book value
At 31 December 2024 147,656 559 148,215
At 31 December 2023 159,452 1,719 161,171
4 Debtors 2024 2023
£ £
Trade debtors 11,340 -
Other debtors 1,915 1,915
13,255 1,915
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,561 4,463
Trade creditors 30,250 75,971
Corporation tax 29,906 29,589
Other taxes and social security costs 10,954 5,989
Other creditors (2,381) (73,005)
73,290 43,007
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Shane Billingham
Loan payable to the company 71,851 31,409 (70,708) 32,552
Philippa Tredant
Loan payable to the company 32,803 33,259 (54,731) 11,331
104,654 64,668 (125,439) 43,883
Interest of 2.25% (on loans above £10,000) and repayable on demand.
7 Other information
Abazaba Ltd is a private company limited by shares and incorporated in England. Its registered office is:
40 Boundary Road
London
N22 6AD
Abazaba Ltd 09353342 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 Shane Billingham No description of principal activity 09353342 2023-01-01 2023-12-31 09353342 core:WithinOneYear 2023-12-31 09353342 core:ShareCapital 2023-12-31 09353342 core:RetainedEarningsAccumulatedLosses 2023-12-31 09353342 2024-01-01 2024-12-31 09353342 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09353342 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09353342 bus:Director40 2024-01-01 2024-12-31 09353342 1 2024-01-01 2024-12-31 09353342 2 2024-01-01 2024-12-31 09353342 core:LandBuildings 2024-01-01 2024-12-31 09353342 core:PlantMachinery 2024-01-01 2024-12-31 09353342 bus:Director1 2024-01-01 2024-12-31 09353342 bus:Director1 1 2024-01-01 2024-12-31 09353342 bus:Director2 2024-01-01 2024-12-31 09353342 bus:Director2 1 2024-01-01 2024-12-31 09353342 countries:England 2024-01-01 2024-12-31 09353342 bus:FRS102 2024-01-01 2024-12-31 09353342 bus:FilletedAccounts 2024-01-01 2024-12-31 09353342 2024-12-31 09353342 core:WithinOneYear 2024-12-31 09353342 core:ShareCapital 2024-12-31 09353342 core:RetainedEarningsAccumulatedLosses 2024-12-31 09353342 core:LandBuildings 2024-12-31 09353342 core:PlantMachinery 2024-12-31 09353342 bus:Director1 1 2024-12-31 09353342 bus:Director2 1 2024-12-31 09353342 2023-12-31 09353342 core:LandBuildings 2023-12-31 09353342 core:PlantMachinery 2023-12-31 09353342 bus:Director1 1 2023-12-31 09353342 bus:Director2 1 2023-12-31 iso4217:GBP xbrli:pure