ABACS Limited - Accounts

ABACS Limited
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

ABACS Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	37,624	24,068
		37,624	24,068
Current assets
Debtors		14,673	15,022
Cash at bank and in hand		(2,707)	3,463
		11,966	18,485
Creditors: amount falling due within one year		(23,113)	(25,117)
Net current assets		(11,147)	(6,632)

Total assets less current liabilities		26,477	17,436
Creditors: amount falling due after more than one year		(25,787)	(13,333)
Net assets		690	4,103

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		590	4,003
Shareholders' funds		690	4,103

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 27 December 2025 and were signed by:

-------------------------------
S M Gatter
Director

1

ABACS Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

ABACS Limited is a private company, limited by shares, registered in England and Wales, registration number 05901441, registration address La Pineda, Hankerton Road, Upper Minety, Malmesbury, Wiltshire, SN16 9PR.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment	25% Straight Line
Fixtures and Fittings	20% Straight Line
Improvements to property	0% Reducing Balance

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£
At 01 April 2024	12,373	19,570	18,045	49,988
Additions	16,645	1,935	-	18,580
Disposals	-	-	-	-
At 31 March 2025	29,018	21,505	18,045	68,568
Depreciation
At 01 April 2024	8,814	17,106	-	25,920
Charge for year	3,403	1,621	-	5,024
On disposals	-	-	-	-
At 31 March 2025	12,217	18,727	-	30,944
Net book values
Closing balance as at 31 March 2025	16,801	2,778	18,045	37,624
Opening balance as at 01 April 2024	3,559	2,464	18,045	24,068

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

2

Registered Number: 05901441
England and Wales
ABACS LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025