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REGISTERED NUMBER: 04338053 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

Abbey Blinds And Glazing Limited

Abbey Blinds And Glazing Limited (Registered number: 04338053)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abbey Blinds And Glazing Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: W Ling
M Viglas





REGISTERED OFFICE: 336 Hook Rise North
Surbiton
Surrey
KT6 7LN





REGISTERED NUMBER: 04338053 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Abbey Blinds And Glazing Limited (Registered number: 04338053)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,500 29,500
Tangible assets 5 1,509 2,013
31,009 31,513

CURRENT ASSETS
Stocks 89,500 80,500
Debtors 6 19,785 8,500
Cash in hand 300 7,357
109,585 96,357
CREDITORS
Amounts falling due within one year 7 92,410 36,341
NET CURRENT ASSETS 17,175 60,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,184

91,529

CREDITORS
Amounts falling due after more than one
year

8

23,601

31,246
NET ASSETS 24,583 60,283

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 14,583 50,283
24,583 60,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

Abbey Blinds And Glazing Limited (Registered number: 04338053)

Balance Sheet - continued
31 December 2022


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 Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





W Ling - Director


Abbey Blinds And Glazing Limited (Registered number: 04338053)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Abbey Blinds And Glazing 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

Abbey Blinds And Glazing Limited (Registered number: 04338053)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 29,500
NET BOOK VALUE
At 31 December 2022 29,500
At 31 December 2021 29,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 20,120 17,932 38,052
DEPRECIATION
At 1 January 2022 18,238 17,801 36,039
Charge for year 471 33 504
At 31 December 2022 18,709 17,834 36,543
NET BOOK VALUE
At 31 December 2022 1,411 98 1,509
At 31 December 2021 1,882 131 2,013

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 13,035 1,835
Other debtors 6,750 6,665
19,785 8,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 4,228 9,867
Trade creditors 7,144 11,937
Taxation and social security 17,979 14,242
Other creditors 63,059 295
92,410 36,341

Abbey Blinds And Glazing Limited (Registered number: 04338053)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 23,601 31,246

9. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.