Abeto Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06155312 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2023

for

Abeto Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Roberts

A P Marjerrison

SECRETARY:

T A Roberts

REGISTERED OFFICE:

3 - 5 College Street

Nottingham

Nottinghamshire

NG1 5AQ

REGISTERED NUMBER:

06155312 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,642

4,676

CURRENT ASSETS

Debtors

5

5,175,384

4,605,202

Cash at bank and in hand

313,491

292,892

5,488,875

4,898,094

CREDITORS

Amounts falling due within one year

6

1,642,917

1,051,020

NET CURRENT ASSETS

3,845,958

3,847,074

TOTAL ASSETS LESS CURRENT LIABILITIES

3,851,600

3,851,750

CREDITORS

Amounts falling due after more than one year

7

(22,435

)

(32,387

)

PROVISIONS FOR LIABILITIES

(1,411

)

(888

)

NET ASSETS

3,827,754

3,818,475

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

3,827,654

3,818,375

SHAREHOLDERS' FUNDS

3,827,754

3,818,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2024 and were signed on its behalf by:

A P Marjerrison - Director

1.	STATUTORY INFORMATION

Abeto 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

During the year, Abeto Limited changed the depreciation method from 25% reducing balance to 3 years straight line as this revised method better reflects the useful life of the assets.

The change in depreciation method is a change in accounting estimate and is accounted for in the period of change and in subsequent periods.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2022

6,237

Additions

3,108

At 31 August 2023

9,345

DEPRECIATION

At 1 September 2022

1,561

Charge for year

2,142

At 31 August 2023

3,703

NET BOOK VALUE

At 31 August 2023

5,642

At 31 August 2022

4,676

5.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Trade debtors

262,099

21,818

Amounts owed by group undertakings

2,884,208

2,884,208

Other debtors

932,073

518,450

Prepayments and accrued income

16,304

100,026

4,094,684

3,524,502

Amounts falling due after more than one year:

Other debtors

1,080,700

1,080,700

Aggregate amounts

5,175,384

4,605,202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,952

9,707

Trade creditors

-

2,431

Taxation and social security

52,999

6,339

Other creditors

1,579,966

1,032,543

1,642,917

1,051,020

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

22,435

32,387

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100