Above Below Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10733021

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		12,378		13,754
Tangible Assets	5		1,495		2,353

			13,873		16,107
CURRENT ASSETS
Stocks	6	16,777		16,777
Debtors	7	17,937		13,355
Cash at bank and in hand		35,993		64,192

		70,707		94,324
Creditors: Amounts Falling Due Within One Year	8	(40,851 )		(42,667 )

NET CURRENT ASSETS (LIABILITIES)			29,856		51,657

TOTAL ASSETS LESS CURRENT LIABILITIES			43,729		67,764

Creditors: Amounts Falling Due After More Than One Year	9		(934 )		(2,334 )

NET ASSETS			42,795		65,430

CAPITAL AND RESERVES
Called up share capital	10		1		1
Share premium account			394,921		394,921
Profit and Loss Account			(352,127 )		(329,492 )

SHAREHOLDERS' FUNDS			42,795		65,430

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Above Below Ltd.

Balance Sheet (continued)

As At 31 March 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr William Watt

Director

29th December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Above Below Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10733021 . The registered office is 3 Cheviot Road, West Norwood, London, SE27 0LF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trademarks. It is amortised to profit and loss account over its estimated economic life of 10 or 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33.33% on cost
Computer Equipment	33.33% on cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Above Below Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	18,177

As at 31 March 2025	18,177

Amortisation
As at 1 April 2024	4,423
Provided during the period	1,376

As at 31 March 2025	5,799

Net Book Value
As at 31 March 2025	12,378

As at 1 April 2024	13,754

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	2,400	189	2,589

As at 31 March 2025	2,400	189	2,589

Depreciation
As at 1 April 2024	105	131	236
Provided during the period	800	58	858

As at 31 March 2025	905	189	1,094

Net Book Value
As at 31 March 2025	1,495	-	1,495

As at 1 April 2024	2,295	58	2,353

6. Stocks

	31 March 2025	31 March 2024
	£	£
Finished goods	16,777	16,777

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Above Below Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	216	-
Other debtors	17,721	13,355

	17,937	13,355

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	644	934
Bank loans and overdrafts	1,400	1,400
Amounts owed to group undertakings	25,522	25,822
Other creditors	13,095	13,829
Taxation and social security	190	682

	40,851	42,667

9. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	934	2,334

10. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	1	1

11. Related Party Transactions

Included in Other creditors is an amount of £25,522 (2024: £25,822) owed to a company in which Mr W Watt is also a shareholder and director. The loan is unsecured and non interest bearing.

12. Controlling Party

The company's controlling party is Mr W Watt by virtue of his ownership of 53% of the issued share capital in the company.

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