ABRACS LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +24.1%

  £12,078,859 → £14,991,652

• Cash

  -56.9%

  £1,969,768 → £849,375

• Net assets

  -60.9%

  £8,942,337 → £3,498,364

  lowest in 5 filed years

• Employees

  +28.1%

  32 → 41

  highest in 5 filed years

• Operating profit

  +26.8%

  £2,261,036 → £2,867,827

• Profit before tax

  +27.1%

  £2,257,099 → £2,868,381

• Wages

  +36.5%

  £1,225,783 → £1,672,849

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Qualified

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and to meet all liabilities as they fall due. In arriving at this conclusion, the directors have considered the potential impact of a number of scenarios on forecast trading and have prepared a profit and loss based forecast model to February 2026. In preparing those forecasts, the directors have made estimates such as the level of demand from customers in the short to medium term and the ongoing cost base of the group in the future. Taking into account the forecasts, available cash headroom at the present date, combined with strong trading performance against the prior year budget and post year end, the directors have a reasonable expectation that the company will be able to continue to meet its liabilities as they fall due for the foreseeable future for a period of at least 12 months from the signing of the financial statements.”

Significant events

• “On 31 December 2023, the company acquired the trade, assets and liabilities of Saber Diamond Products Limited and Swedex (UK) Limited, both fellow group undertakings, for a consideration equal to the aggregate net book value of the net assets acquired. As such, the profit for the year ended 31 December 2024 represent the aggregate results of all 3 previous trading businesses.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.