ABS Accountancy Ltd

ABS Accountancy Ltd
Contents Page
For the year ended 31 January 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

ABS Accountancy Ltd
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Intangible fixed assets	3	716	489
Tangible fixed assets	4	3,460	4,225
		4,176	4,714
Current assets
Debtors		9,561	5,532
Cash at bank and in hand		2,994	1,750
		12,555	7,282
Creditors: amount falling due within one year		(11,529)	(11,945)
Net current assets		1,026	(4,663)

Total assets less current liabilities		5,202	51
Creditors: amount falling due after more than one year		(2,204)	(1,430)
Defined benefit pension scheme asset/liability		(33)	(93)
Net assets		2,965	(1,472)

Capital and reserves
Share Premium Account		100	100
Profit and loss account		2,865	(1,572)
Shareholders' funds		2,965	(1,472)

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 25 August 2026 and were signed by:

-------------------------------
Thomas Craig LOWE
Director

1

ABS Accountancy Ltd
Notes to the Abridged Financial Statements
For the year ended 31 January 2026

General Information

ABS Accountancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 09413698, registration address c/o Harewood Business Centre, 2 Fairfield Road, Buxton, Derbyshire, SK17 7DW.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown as the net of sales/value added tax, returns, rebates, and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 2 (2025 : 3).

3.

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 February 2025	1,967	1,967
Additions	300	300
Disposals	-	-
At 31 January 2026	2,267	2,267
Amortisation
At 01 February 2025	1,478	1,478
Charge for year	73	73
On disposals	-	-
At 31 January 2026	1,551	1,551
Net book values
At 31 January 2026	716	716
At 31 January 2025	489	489

4.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 February 2025	1,366	10,388	11,754
Additions	-	-	-
Disposals	-	-	-
At 31 January 2026	1,366	10,388	11,754
Depreciation
At 01 February 2025	775	6,754	7,529
Charge for year	199	566	765
On disposals	-	-	-
At 31 January 2026	974	7,320	8,294
Net book values
Closing balance as at 31 January 2026	392	3,068	3,460
Opening balance as at 01 February 2025	591	3,634	4,225

2

Registered Number: 09413698
England and Wales
ABS ACCOUNTANCY LTD

Abridged Accounts

Period of accounts Start date: 01 February 2025 End date: 31 January 2026