Abu Exchange Ltd - Filleted accounts

Registered number

11892157

Abu Exchange Ltd

Filleted Accounts

31 March 2026

Abu Exchange Ltd
Registered number:		11892157
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,246			2,223

Current assets
Debtors	4	53,095			6,000
Cash at bank and in hand		48,594			44,733
		101,689			50,733

Creditors: amounts falling due within one year	5	(71,689)			(21,107)

Net current assets			30,000			29,626

Net assets			31,246			31,849

Capital and reserves
Called up share capital			100			100
Profit and loss account			31,146			31,749

Shareholder's funds			31,246			31,849

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Shafi Ullah Khan
Director
Approved by the board on 15 July 2026

Abu Exchange Ltd
Notes to the Accounts
for the year ended 31 March 2026


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.

	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:

	Fixtures, fittings, tools and equipment	SL 3 years

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		5		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2025				2,931
	At 31 March 2026				2,931

	Depreciation
	At 1 April 2025				708
	Charge for the year				977
	At 31 March 2026				1,685

	Net book value
	At 31 March 2026				1,246
	At 31 March 2025				2,223


4	Debtors		2026		2025
£				£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest		47,095		-
	Other debtors		6,000		6,000
			53,095		6,000


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Amounts owed to group undertakings and undertakings in which the director of the company has a participating interest.		34,415		8,323
	Taxation and social security costs		9,474		10,983
	Other creditors		27,800		1,801
			71,689		21,107


6	Other information

	Abu Exchange Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	585 Stratford Road
	Sparkhill
	Birmingham
	B11 4LS