REGISTERED NUMBER: 03355709 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Abba Cars Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L Adkins

A Burch

SECRETARY:

REGISTERED OFFICE:

Blue House Farm Office

Brentwood Road

West Horndon

Essex

CM13 3LX

REGISTERED NUMBER:

03355709 (England and Wales)

ACCOUNTANTS:

The Randall's Partnership Ltd

Chartered Accountants

Blue House Farm Office

Brentwood Road

West Horndon

Essex

CM13 3LX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

156,112

168,023

156,112

168,023

CURRENT ASSETS

Debtors

6

219,133

183,108

Cash at bank

2,851

4,478

221,984

187,586

CREDITORS

Amounts falling due within one year

7

62,576

55,000

NET CURRENT ASSETS

159,408

132,586

TOTAL ASSETS LESS CURRENT LIABILITIES

315,520

300,609

CREDITORS

Amounts falling due after more than one year

8

6,756

15,878

NET ASSETS

308,764

284,731

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

308,664

284,631

SHAREHOLDERS' FUNDS

308,764

284,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:

M L Adkins - Director

1.	STATUTORY INFORMATION

Abba Cars Ltd 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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

5,000

AMORTISATION

At 1 March 2024

and 28 February 2025

5,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

972,025

Additions

16,373

At 28 February 2025

988,398

DEPRECIATION

At 1 March 2024

804,002

Charge for year

28,284

At 28 February 2025

832,286

NET BOOK VALUE

At 28 February 2025

156,112

At 29 February 2024

168,023

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

2,170

9,292

Other debtors

216,963

173,816

219,133

183,108

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

33,427

37,633

Hire purchase contracts

6,485

4,891

Trade creditors

19,359

9,171

Taxation and social security

1,895

1,895

Other creditors

1,410

1,410

62,576

55,000

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

6,756

15,878