Company Registration No. 06364065 (England and Wales)
Abac Logistics Limited
Unaudited accounts
for the year ended 30 September 2025
Abac Logistics Limited
Unaudited accounts
Contents
Abac Logistics Limited
Company Information
for the year ended 30 September 2025
Directors
D Borchard
R Borchard
L Brenden
Company Number
06364065 (England and Wales)
Registered Office
5th Floor Bevis Marks House
24 Bevis Marks
London
EC3A 7JB
United Kingdom
Accountants
Fosters & Gate Consultancy Limited
39 Brim Hill
London
N2 0HA
Abac Logistics Limited
Statement of financial position
as at 30 September 2025
Tangible assets
1,323,247
1,441,707
Cash at bank and in hand
541,960
375,318
Creditors: amounts falling due within one year
(674,594)
(515,021)
Net current assets
357,722
379,429
Total assets less current liabilities
1,680,969
1,821,136
Creditors: amounts falling due after more than one year
-
(41,680)
Net assets
1,680,969
1,779,456
Called up share capital
900,100
900,100
Profit and loss account
780,869
879,356
Shareholders' funds
1,680,969
1,779,456
For the year ending 30 September 2025 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 17 April 2026 and were signed on its behalf by
R Borchard
Director
Company Registration No. 06364065
Abac Logistics Limited
Notes to the Accounts
for the year ended 30 September 2025
Abac Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 06364065. The registered office is 5th Floor Bevis Marks House, 24 Bevis Marks, London, EC3A 7JB, United Kingdom.
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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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight‑line or reducing balance basis over its expected useful life, as follows:
Land & buildings
depreciated over the life of the lease
Plant & machinery
25% reducing balance
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Abac Logistics Limited
Notes to the Accounts
for the year ended 30 September 2025
The company as lessee
Rentals under operating leases are charged on a straight‑line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight‑line basis over the lease term.
The company as lessor
Rental income from operating leases is recognised on a straight‑line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight‑line basis over the lease term.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Non‑financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment
loss is treated as a revaluation decrease.
Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset9s carrying amount and the present value of estimated future cash flows, discounted at the financial asset9s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset9s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
Abac Logistics Limited
Notes to the Accounts
for the year ended 30 September 2025
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first‑in, first‑out) method. Provision is made for obsolete, slow‑moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the accounts.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2024
774,207
1,279,994
2,054,201
Additions
24,550
35,181
59,731
Disposals
(32,258)
-
(32,258)
At 30 September 2025
766,499
1,315,175
2,081,674
At 1 October 2024
200,630
411,864
612,494
Charge for the year
9,516
139,484
149,000
On disposals
(3,067)
-
(3,067)
At 30 September 2025
207,079
551,348
758,427
At 30 September 2025
559,420
763,827
1,323,247
At 30 September 2024
573,577
868,130
1,441,707
Abac Logistics Limited
Notes to the Accounts
for the year ended 30 September 2025
Amounts falling due within one year
Trade debtors
403,027
385,696
Other debtors
50,565
104,797
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
36,633
33,211
Amounts owed to group undertakings and other participating interests
500,000
380,000
Taxes and social security
26,082
-
Other creditors
111,879
101,810
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Creditors: amounts falling due after more than one year
2025
2024
There are no amounts included above in respect of which any security has been given by the small entity.
The company has taken a loan under the Coronavirus Business Interruption Loan Scheme. The scheme provides the bank with a government-backed guarantee against the outstanding facility balance.
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Transactions with related parties
The company has taken advantage of the exemption available in accordance with Section 1AC.35 of FRS 102 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is party to the transactions.
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Average number of employees
During the year the average number of employees was 18 (2024: 18).