Company Registration No. 13162928 (England and Wales)
ABUTALI & CO LTD
Unaudited accounts
for the year ended 31 January 2023
ABUTALI & CO LTD
Unaudited accounts
Contents
ABUTALI & CO LTD
Company Information
for the year ended 31 January 2023
Director
Mrs. Asiatou Jallow
Company Number
13162928 (England and Wales)
Registered Office
DANIEL CONSULTANCY MORRIT HOUSE
54-60 STATION APPROACH
SOUTH RUISLIP
HA4 6SA
UNITED KINGDOM
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
ABUTALI & CO LTD
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
5,043
16,062
Creditors: amounts falling due within one year
(15,979)
(18,518)
Net current (liabilities)/assets
(5,758)
1,473
Net (liabilities)/assets
(5,758)
1,473
Called up share capital
100
100
Profit and loss account
(5,858)
1,373
Shareholders' funds
(5,758)
1,473
For the year ending 31 January 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 31 October 2023 and were signed on its behalf by
Mrs. Asiatou Jallow
Director
Company Registration No. 13162928
ABUTALI & CO LTD
Notes to the Accounts
for the year ended 31 January 2023
ABUTALI & CO LTD is a private company, limited by shares, registered in England and Wales, registration number 13162928. The registered office is DANIEL CONSULTANCY MORRIT HOUSE, 54-60 STATION APPROACH, SOUTH RUISLIP, HA4 6SA, UNITED KINGDOM.
2
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The director is assessing, on a daily basis, the impact of the significant uncertainty arising. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
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Average number of employees
During the year the average number of employees was 1 (2022: 0).
