ACCOUNTS - Final Accounts preparation

Company registration number: 03074437

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	ABRAHAM ASSOCIATES LIMITED


ABRAHAM ASSOCIATES LIMITED

COMPANY INFORMATION

Directors	Mr M J Newland
	Mrs A J Newland


Company secretary	Mrs A J Newland


Registered number	03074437


Registered office	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


Trading Address	Abraham Associates Ltd
	10 The Glenmore Centre
	Guildford Street
	Southampton
	Hampshire
	SO14 5BF



Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


Bankers	Barclays Bank PLC
	Corporate Banking Centre
	PO Box 612
	Ocean Way
	Southampton
	SO14 2SB


ABRAHAM ASSOCIATES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


ABRAHAM ASSOCIATES LIMITED REGISTERED NUMBER:03074437

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		2,177		3,734
			2,177		3,734
Current assets
Debtors: amounts falling due within one year	5	5,286		8,140
Cash at bank and in hand		10,000		23,088
		15,286		31,228
Creditors: amounts falling due within one year	6	(14,286)		(16,836)
Net current assets			1,000		14,392
Total assets less current liabilities			3,177		18,126
Provisions for liabilities
Deferred tax		(414)		(710)
			(414)		(710)
Net assets			2,763		17,416

Page 1


ABRAHAM ASSOCIATES LIMITED REGISTERED NUMBER:03074437

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital	100	100
Profit and loss account	2,663	17,316
	2,763	17,416

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr M J Newland

Director

Date: 29 October 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


ABRAHAM ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Abraham Associates Limited is a private company limited by shares incorporated in England and Wales. The trading address of the company is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%	straight line
				Computer software	-	33%	straight line

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


ABRAHAM ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.5

Pensions

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4


ABRAHAM ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible assets

	Fixtures and fittings	Computer software	Total
	£	£	£
Cost or valuation
At 1 April 2024	73,580	16,920	90,500
Additions	42	-	42
Disposals	-	(15,810)	(15,810)
At 31 March 2025	73,622	1,110	74,732
Depreciation
At 1 April 2024	69,845	16,920	86,765
Charge for the year on owned assets	1,600	-	1,600
Disposals	-	(15,810)	(15,810)
At 31 March 2025	71,445	1,110	72,555
Net book value
At 31 March 2025	2,177	-	2,177
At 31 March 2024	3,734	-	3,734

Debtors

					2025	2024
					£	£


Trade debtors	90	3,210
Prepayments and accrued income	5,196	4,930
	5,286	8,140

Page 5


ABRAHAM ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	2,986	1,462
Other taxation and social security	5,159	2,295
Other creditors	4,141	11,079
Accruals and deferred income	2,000	2,000
	14,286	16,836

7.	Related party transactions
	At the year end the company owed amounts to the directors totalling £4,139 (2024 - £10,515). This balance is undated and interest free, therefore not deemed to be at normal market rate.

Page 6