REGISTERED NUMBER: 01677177 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Abssac Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K A Easton

SECRETARY:

Mrs A Cattle

REGISTERED OFFICE:

Unit E1A The Enterprise Centre

Vale Park

Evesham

Worcestershire

WR11 1GS

REGISTERED NUMBER:

01677177 (England and Wales)

ACCOUNTANTS:

Attwoods

Chartered Certified Accountants

90-92 High Street

Evesham

Worcestershire

WR11 4EU

FIXED ASSETS

Intangible assets

4

10,673

12,535

Tangible assets

5

607,048

627,734

617,721

640,269

CURRENT ASSETS

Stocks

95,562

184,433

Debtors

6

125,169

162,888

Cash at bank

1,746,401

1,450,487

1,967,132

1,797,808

CREDITORS

Amounts falling due within one year

7

468,319

519,284

NET CURRENT ASSETS

1,498,813

1,278,524

TOTAL ASSETS LESS CURRENT LIABILITIES

2,116,534

1,918,793

CREDITORS

Amounts falling due after more than one year

8

(228,076

)

(249,720

)

PROVISIONS FOR LIABILITIES

(8,885

)

(14,057

)

NET ASSETS

1,879,573

1,655,016

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

3

-

Non-distributable reserve

9

24,615

15,601

Retained earnings

1,854,855

1,639,315

SHAREHOLDERS' FUNDS

1,879,573

1,655,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 19 June 2026 and were signed by:

Mrs K A Easton - Director

1.	STATUTORY INFORMATION

Abssac Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

4% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Valuation of offshore bonds

Offshore bonds held in the company are recognised in the balance sheet at fair value with the movement in revaluation being recognised in the statement of profit and loss, and being taxed in line with this.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

18,620

AMORTISATION

At 1 April 2025

6,085

Charge for year

1,862

At 31 March 2026

7,947

NET BOOK VALUE

At 31 March 2026

10,673

At 31 March 2025

12,535

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

571,508

27,063

149,055

40,323

787,949

Additions

-

-

3,011

-

3,011

Disposals

-

(578

)

(1,980

)

(15,932

)

(18,490

)

At 31 March 2026

571,508

26,485

150,086

24,391

772,470

DEPRECIATION

At 1 April 2025

-

7,107

129,340

23,768

160,215

Charge for year

-

1,059

17,376

3,424

21,859

Eliminated on disposal

-

(162

)

(1,832

)

(14,658

)

(16,652

)

At 31 March 2026

-

8,004

144,884

12,534

165,422

NET BOOK VALUE

At 31 March 2026

571,508

18,481

5,202

11,857

607,048

At 31 March 2025

571,508

19,956

19,715

16,555

627,734

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

106,761

154,569

Prepayments & accrued income

18,408

8,319

125,169

162,888

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other loans

21,591

20,280

Trade creditors

118,048

140,551

Taxation

124,848

131,156

Social security and other taxes

25,351

22,538

Pension creditor

959

1,220

VAT

100,915

133,063

Accruals and deferred income

76,607

70,476

468,319

519,284

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other loans - 1-2 years

22,981

21,586

Other loans - 2-5 years

76,595

72,748

Other loans more 5yrs instal

128,500

155,386

228,076

249,720

31.3.26

31.3.25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

128,500

155,386

9.

RESERVES

Non-distributable

reserve

£

At 1 April 2025

15,601

Revaluation

9,014

At 31 March 2026

24,615

10.	OTHER FINANCIAL COMMITMENTS

The company expects to have future car lease commitments over the next 12 months of £14,333 (2025 - £13,777)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Cattle.

12.	SHARE-BASED PAYMENTS

On 17 September 2025, the Company introduced an Enterprise Management Incentive (EMI) share option plan for some of its employees. The employees are entitled to exercise the share options when specific events occur as set out in the rules of the scheme. Options are forfeited if the employee leaves the company before they become entitled to exercise the share options.

Weighted average exercise price 2025

Granted during the year: £103.52 (2024: £NIL)

Outstanding at the year end: £103.52 (2024: £NIL)

Number of shares 2025

Granted during the year: 1,930 (2024: NIL)

Outstanding at the year end: 1,930 (2024: NIL)