Company Registration No. 7974502 (England and Wales)
ABS Engineering Ltd
Unaudited accounts
for the year ended 31 March 2026
ABS Engineering Ltd
Unaudited accounts
Contents
ABS Engineering Ltd
Company Information
for the year ended 31 March 2026
Directors
Adrian Blackburn
Lynsey Blackburn
Company Number
7974502 (England and Wales)
Registered Office
Evergreen Farm, Wash Road
Kirton
Boston
Lincolnshire
PE20 1QQ
Accountants
CDM Accountants Limited
28 Tytton Lane East
Wyberton
Boston
Lincolnshire
PE21 7HW
ABS Engineering Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
472,881
418,992
Debtors
1,163,031
1,533,379
Cash at bank and in hand
1,269,428
537,608
Creditors: amounts falling due within one year
(502,510)
(610,532)
Net current assets
1,994,865
1,493,076
Total assets less current liabilities
2,467,746
1,912,068
Creditors: amounts falling due after more than one year
(48,165)
-
Provisions for liabilities
Deferred tax
(65,653)
(61,274)
Net assets
2,353,928
1,850,794
Called up share capital
202
202
Profit and loss account
2,353,726
1,850,592
Shareholders' funds
2,353,928
1,850,794
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by
Adrian Blackburn
Director
Company Registration No. 7974502
ABS Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2026
ABS Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 7974502. The registered office is Evergreen Farm, Wash Road, Kirton, Boston, Lincolnshire, PE20 1QQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance & 10% straight line
Computer equipment
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
ABS Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2026
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
155,284
94,590
314,822
13,897
578,593
Additions
-
3,131
157,352
1,870
162,353
Disposals
-
(16,094)
-
-
(16,094)
At 31 March 2026
155,284
81,627
472,174
15,767
724,852
At 1 April 2025
-
43,162
110,667
5,772
159,601
Charge for the year
-
6,703
90,377
1,501
98,581
On disposals
-
(6,211)
-
-
(6,211)
At 31 March 2026
-
43,654
201,044
7,273
251,971
At 31 March 2026
155,284
37,973
271,130
8,494
472,881
At 31 March 2025
155,284
51,428
204,155
8,125
418,992
Amounts falling due within one year
Trade debtors
502,139
877,381
Accrued income and prepayments
10,892
5,498
Other debtors
650,000
650,500
ABS Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
6,232
-
Trade creditors
113,286
185,417
Taxes and social security
348,191
418,892
Loans from directors
5,840
2,390
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
48,165
-
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
1 Ordinary C shares of £1 each
1
1
1 Ordinary D Shares of £1 each
1
1
9
Capital commitments
2026
2025
Amounts contracted but not provided for in the accounts
-
74,371
10
Transactions with related parties
As at the 31st March 2026 there was a related party transaction of £5,840 (2025 - £2,390) of which no interest has been charged during the year.
Included within other debtors as at the 31st March 2026 £650,000 (2025 - £650,000) is an amount owed from a related party for which the directors have a participating interest in. This loan is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 14 (2025: 13).