Company Registration No. 02309130 (England and Wales)
Abba Hi-Tech Limited
Unaudited accounts
for the year ended 30 April 2020
Abba Hi-Tech Limited
Unaudited accounts
Contents
Abba Hi-Tech Limited
Company Information
for the year ended 30 April 2020
Directors
P Blake
J Blake
K Blake
Company Number
02309130 (England and Wales)
Registered Office
20 TREVINO DRIVE
CHATHAM
KENT
ME5 9HH
Accountants
Astral Accountancy Ltd
128 Milton Road
Swanscombe
Kent
DA10 0LY
Abba Hi-Tech Limited
Statement of financial position
as at
30 April 2020
Tangible assets
333,228
299,255
Inventories
413,000
413,000
Creditors: amounts falling due within one year
(1,365,945)
(1,069,221)
Net current liabilities
(609,163)
(583,474)
Total assets less current liabilities
(275,935)
(284,219)
Creditors: amounts falling due after more than one year
(44,263)
(49,072)
Net liabilities
(320,198)
(333,291)
Called up share capital
8
8
Profit and loss account
(320,206)
(333,299)
Shareholders' funds
(320,198)
(333,291)
For the year ending 30 April 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 24 May 2021 and were signed on its behalf by
P Blake
Director
Company Registration No. 02309130
Abba Hi-Tech Limited
Notes to the Accounts
for the year ended 30 April 2020
Abba Hi-Tech Limited is a private company, limited by shares, registered in England and Wales, registration number 02309130. The registered office is 20 TREVINO DRIVE, CHATHAM, KENT, ME5 9HH.
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.
These financial statements for the year ended 30 April 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Land & buildings
2% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
15% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Abba Hi-Tech Limited
Notes to the Accounts
for the year ended 30 April 2020
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2019
477,342
84,532
92,162
654,036
Additions
-
60,516
-
60,516
At 30 April 2020
477,342
145,048
92,162
714,552
At 1 May 2019
188,591
74,078
92,112
354,781
Charge for the year
8,750
17,743
50
26,543
At 30 April 2020
197,341
91,821
92,162
381,324
At 30 April 2020
280,001
53,227
-
333,228
At 30 April 2019
288,751
10,454
50
299,255
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
343,782
72,747
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
68,356
83,507
Trade creditors
1,010,096
732,298
Taxes and social security
21,898
8,092
Other creditors
2,501
13,172
Loans from directors
54,503
(627)
8
Creditors: amounts falling due after more than one year
2020
2019
9
Average number of employees
During the year the average number of employees was 8 (2019: 8).