ABC Cotswolds Limited - Accounts to registrar (filleted) - small 23.2.5

ABC Cotswolds Limited - Accounts to registrar (filleted) - small 23.2.5

ABC COTSWOLDS LIMITED - Company Information

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REGISTERED NUMBER: 09916560 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

ABC Cotswolds Limited
ABC Cotswolds Limited (Registered number: 09916560)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABC Cotswolds Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: W A Batty





REGISTERED OFFICE: Third Floor
3 Field Court
Gray's Inn
London
WC1R 5EF





REGISTERED NUMBER: 09916560 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA
Page 1
ABC Cotswolds Limited (Registered number: 09916560)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 171,974 131,773
Cash at bank 2,951 3,989
174,925 135,762
CREDITORS
Amounts falling due within one year 5 136,357 86,000
NET CURRENT ASSETS 38,568 49,762
TOTAL ASSETS LESS CURRENT
LIABILITIES
38,568
49,762

CREDITORS
Amounts falling due after more than one
year
6
28,984
38,809
NET ASSETS 9,584 10,953

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 9,580 10,949
9,584 10,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
ABC Cotswolds Limited (Registered number: 09916560)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 4 March 2024 and were signed by:





W A Batty - Director


The notes form part of these financial statements

Page 3
ABC Cotswolds Limited (Registered number: 09916560)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

ABC Cotswolds 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

Page 4 continued...
ABC Cotswolds Limited (Registered number: 09916560)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 171,974 131,773

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,825 9,620
Trade creditors - 1,200
Taxation and social security 5,426 2,067
Other creditors 121,106 73,113
136,357 86,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 28,984 38,809

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,500 (2022 - £9,000) were paid to the director .

Included within creditors: amounts due within one year is a Director's loan account in the sum of £33,526 (2022: £9,013), which has been provided by WA Batty.The account is unsecured, interest free and was repaid after the year end.

Included within creditors: amounts falling due within one year is a loan in the sum of £40,000 (2022: £40,000) which has been provided by ABC Southern Ltd, a company that the Director has an interest in. The account is unsecured, interest free and carries no fixed date of repayment.

Included within debtors: amounts falling due within one year is a loan in the sum of £120,000 (2022: £120,000) which has been provided to K & W Recovery Ltd, a company that the Director has an interest in. The account is unsecured, interest free and carries no fixed date of repayment.

Also included within debtors: amounts due within one year is a loan due from Antony Batty & Company LLP in the sum of £11,973 (2022: £11,773), an LLP of which WA Batty is a designated member. The loan is unsecured, interest free and carries no fixed date of repayment.

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