AABRS Limited - Accounts to registrar (filleted) - small 18.2
AABRS Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 MARCH 2021 TO 31 DECEMBER 2021 |
| FOR |
| AABRS LIMITED |
| AABRS LIMITED (REGISTERED NUMBER: 07644635) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Period 1 March 2021 to 31 December 2021 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| AABRS LIMITED |
| COMPANY INFORMATION |
| for the Period 1 March 2021 to 31 December 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Langley House |
| Park Road |
| East Finchley |
| London |
| N2 8EY |
| AABRS LIMITED (REGISTERED NUMBER: 07644635) |
| STATEMENT OF FINANCIAL POSITION |
| 31 December 2021 |
| 31.12.21 | 28.2.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| AABRS LIMITED (REGISTERED NUMBER: 07644635) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 December 2021 |
| 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 |
| AABRS LIMITED (REGISTERED NUMBER: 07644635) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Period 1 March 2021 to 31 December 2021 |
| 1. | STATUTORY INFORMATION |
| AABRS Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. The Statement of Financial Position shows net liabilities, the director is of the opinion that the creditors and financiers will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised once the service has been provided. |
| Under FRS 102 Section 1A, revenue is required to be recognised from the provision of services on the completion method where it can be measured reliably. Therefore the amounts recoverable under contract figure represents recoverable unbilled work that has been recognised within the profit and loss account. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant and machinery etc - 30% Reducing balance |
| Financial instruments |
| The company only enters into basic financial instruments 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, loans to related parties and investments in non-puttable ordinary shares. |
| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. |
| AABRS LIMITED (REGISTERED NUMBER: 07644635) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 March 2021 to 31 December 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Impairments of assets |
| A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date. |
| Employee benefits |
| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. |
| The cost of any material unused holiday entitlement is recognised in the period in which the employee's services are received. |
| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment or to provide termination benefits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| AABRS LIMITED (REGISTERED NUMBER: 07644635) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 March 2021 to 31 December 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 March 2021 |
| Additions |
| At 31 December 2021 |
| DEPRECIATION |
| At 1 March 2021 |
| Charge for period |
| At 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 28 February 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.21 | 28.2.21 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| Included in other debtors due within one year are prepayments of £17,200 (February 2021: £nil). |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.21 | 28.2.21 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Included in other creditors due within one year are accrued expenses of £41,990 (February 2021: £nil) |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.21 | 28.2.21 |
| £ | £ |
| Bank loans |
| AABRS LIMITED (REGISTERED NUMBER: 07644635) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 March 2021 to 31 December 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.12.21 | 28.2.21 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 20,417 |
| 8. | OTHER FINANCIAL COMMITMENTS |
| The company has financial commitments at the period of £1,180 (February 2019: £5,113). |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the periods ended 31 December 2021 and 28 February 2021: |
| 31.12.21 | 28.2.21 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | (100,627 | ) | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | (101,627 | ) | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | (34,944 | ) | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of parent company, J E L Solutions Limited, an entity registered in England and Wales, and the registered office is Langley House, Park Road, London, N2 8EY |