REGISTERED NUMBER:
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Abode Services (Essex) Limited |
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Unaudited Financial Statements |
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for the Year Ended 31st March 2022 |
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REGISTERED NUMBER:
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Abode Services (Essex) Limited |
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Unaudited Financial Statements |
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for the Year Ended 31st March 2022 |
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Abode Services (Essex) Limited (Registered number: 06913286) |
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Contents of the Financial Statements |
for the Year Ended 31st March 2022 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Abode Services (Essex) Limited |
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Company Information |
for the Year Ended 31st March 2022 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Abode Services (Essex) Limited (Registered number: 06913286) |
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Statement of Financial Position |
31st March 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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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. |
Abode Services (Essex) Limited (Registered number: 06913286) |
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Statement of Financial Position - continued |
31st March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Abode Services (Essex) Limited (Registered number: 06913286) |
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Notes to the Financial Statements |
for the Year Ended 31st March 2022 |
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1. | Statutory information |
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Abode Services (Essex) Limited is a
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2. | Accounting policies |
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Basis of preparation |
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Judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
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Revenue recognition |
Turnover represents the total value of sales made during the year, excluding Value Added Tax. |
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Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. |
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Tangible fixed assets |
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Motor vehicles | - |
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Equipment | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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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. |
Abode Services (Essex) Limited (Registered number: 06913286) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2022 |
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2. | Accounting policies - continued |
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Hire purchase and leasing commitments |
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. |
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Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Motor |
vehicles | Equipment | Totals |
£ | £ | £ |
Cost |
At 1st April 2021 |
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Additions |
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At 31st March 2022 |
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Depreciation |
At 1st April 2021 |
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Charge for year |
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At 31st March 2022 |
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Net book value |
At 31st March 2022 |
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At 31st March 2021 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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Cost |
At 1st April 2021 |
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Transfer to ownership | (24,667 | ) |
At 31st March 2022 |
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Depreciation |
At 1st April 2021 |
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Transfer to ownership | (11,081 | ) |
At 31st March 2022 |
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Net book value |
At 31st March 2022 |
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At 31st March 2021 |
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Abode Services (Essex) Limited (Registered number: 06913286) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2022 |
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5. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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