ABC Warehouse Ltd - Filleted accounts

Registered number

15555471

ABC Warehouse Ltd

Filleted Accounts

30 June 2025

ABC Warehouse Ltd
Registered number:		15555471
Balance Sheet
as at 30 June 2025

Notes			2025
£
Fixed assets
Intangible assets	4		18,428
Tangible assets	5		1,710
			20,138

Current assets
Debtors	6	93,786
Cash at bank and in hand		51,562
		145,348

Creditors: amounts falling due within one year	7	(58,660)

Net current assets			86,688

Total assets less current liabilities			106,826


Provisions for liabilities			(5,035)


Net assets			101,791

Capital and reserves
Called up share capital			100
Profit and loss account			101,691

Shareholders' funds			101,791

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.




David Young
Director
Approved by the board on 9 December 2025

The notes on pages 2 to 6 form part of these accounts.

ABC Warehouse Ltd
Notes to the Accounts
for the period from 12 March 2024 to 30 June 2025


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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Amortisation is provided at 20% straight line.

	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, as follows:

	Plant and machinery	25% straight line
	Office equipment	25% straight line

	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.


2	Employees			2025
Number

	Average number of persons employed by the company			2


3	Taxation			2025
£
	Corporation tax

	Current tax on profits for the year			37,086

				37,086


	Deferred tax

	Origination and reversal of timing differences			5,035
	Deferred tax movement on investment property			-

	Total deferred tax			5,035

	Taxation on profit/(loss) on ordinary actvities			5,035

	Factors affecting tax charge for the year

	There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% (2024: 25%).


4	Intangible fixed assets			£
	Web development and software:

	Cost
	Additions			23,035
	At 30 June 2025			23,035

	Amortisation
	Provided during the period			4,607
	At 30 June 2025			4,607

	Net book value
	At 30 June 2025			18,428

	Web development and software is being written off in equal annual instalments over its estimated economic life of 5 years.


5	Tangible fixed assets
		Plant and machinery etc		Office Equipment		Total
£			£		£
	Cost
	Additions	540		1,635		2,175
	At 30 June 2025	540		1,635		2,175

	Depreciation
	Charge for the period	56		409		465
	At 30 June 2025	56		409		465

	Net book value
	At 30 June 2025	484		1,226		1,710


6	Debtors			2025
£

	Trade debtors			92,159
	Other debtors			100
	Prepayments and accrued income			1,527
				93,786


7	Creditors: amounts falling due within one year			2025
£

	Trade creditors			345
	Taxation and social security costs			38,695
	Accruals and deferred income			19,620
				58,660


8	Deferred taxation			2025
£

	At beginning of year			-
	Charged to profit or loss			5,035
	Charged to other comprehensive income			-

	At year end			5,035

	In accordance with the requirements of FRS102, the company has recognised the deferred tax in respect of its Fixed Asset Investment Property which is held at its current market value. The deferred tax will only become payable should the company dispose of the property.

	The provision for deferred taxation is made up as follows:

				2025
£

	Accelerated capital allowances			5,035
	Short term timing differences
	Capital gain

				5,035


9	Share capital			2025
£
	Shares classified as equity

	Alloted, called up and fully paid
	100 Ordinary shares of £1 each			100
				100


10	Commitments under operating leases

	At 30 June 2025 the company had future minimum lease payments under non-cancellable operating leases as follows:

				2025
£

	Not later than 1 year			320,000
	Later than 1 year and not later than 5 years			960,000
	Later than 5 years			-

				1,280,000

11	Related party transactions

	In accordance with FRS102 1A, the company has not disclosed any transactions with its 100% parent company or transactions with wholly owned subsidiaries.


12	Other information

	ABC Warehouse Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	10 Thornbury Road
	Plymouth
	Devon
	PL6 7PP