Company Registration No. 07917105 (England and Wales)
Ab Initio Systems Ltd
Unaudited accounts
for the year ended 31 December 2025
Ab Initio Systems Ltd
Unaudited accounts
Contents
Ab Initio Systems Ltd
Company Information
for the year ended 31 December 2025
Company Number
07917105 (England and Wales)
Registered Office
Broxhead House
60 Barbados Road
Bordon
GU35 0FX
Accountants
Switchfoot Accounting Limited
147 Frimley Road
Camberley
Surrey
GU15 2PS
Ab Initio Systems Ltd
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
462,350
413,946
Creditors: amounts falling due within one year
(101,037)
(101,895)
Net current assets
756,745
713,390
Net assets
756,905
713,390
Called up share capital
100
100
Profit and loss account
756,805
713,290
Shareholders' funds
756,905
713,390
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 17 September 2026 and were signed on its behalf by
R Ridge
Director
Company Registration No. 07917105
Ab Initio Systems Ltd
Notes to the Accounts
for the year ended 31 December 2025
Ab Initio Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 07917105. The registered office is Broxhead House, 60 Barbados Road, Bordon, GU35 0FX.
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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 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.
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:
Motor vehicles
20% on cost
Fixtures & fittings
33% on cost
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.
Expenditure on research and development is written off in the year in which it is incurred.
Ab Initio Systems Ltd
Notes to the Accounts
for the year ended 31 December 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
25,457
14,856
Other debtors
288,328
304,836
Amounts falling due after more than one year
Other debtors
81,647
81,647
Ab Initio Systems Ltd
Notes to the Accounts
for the year ended 31 December 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
33,748
29,008
Taxes and social security
16,487
15,489
Other creditors
1,939
1,994
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Operating lease commitments
2025
2024
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,987
-
Later than one year and not later than five years
-
13,172
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loan
273,940
-
2,671
271,269
The director's loan is subject to interest charges of 2.25% between Jan and March 2025 and 3.75% from April 2025, and is repayable on demand.
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Average number of employees
During the year the average number of employees was 15 (2024: 15).