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Registered Number: 13900509
England and Wales

 

 

 

ABBEY FISHERIES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Director HARJIT KAUR
Registered Number 13900509
Registered Office 306 KEIGHLEY ROAD
BRADFORD ENGLAND
BRADFORD
BD9 4EY
Accountants AABACUS ACCOUNTANTS
306 keighley Road

Bradford
BD9 4EY
1
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
AABACUS ACCOUNTANTS
29 February 2024



....................................................
AABACUS ACCOUNTANTS
306 keighley Road

Bradford
BD9 4EY
18 April 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 27,000    27,000 
27,000    27,000 
Current assets      
Stocks 4 2,850    2,700 
Cash at bank and in hand   2,750 
2,850    5,450 
Creditors: amount falling due within one year 5 (28,701)   (31,978)
Net current assets (25,851)   (26,528)
 
Total assets less current liabilities 1,149    472 
Net assets 1,149    472 
 

Capital and reserves
     
Profit and loss account 1,149    472 
Shareholder's funds 1,149    472 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 18 April 2024 and were signed by:


-------------------------------
HARJIT KAUR
Director
3
General Information
ABBEY FISHERIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13900509, registration address 306 KEIGHLEY ROAD, BRADFORD ENGLAND, BRADFORD, BD9 4EY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 5 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 March 2023 20,000    7,000    27,000 
Additions    
Disposals    
At 29 February 2024 20,000    7,000    27,000 
Depreciation
At 01 March 2023    
Charge for year    
On disposals    
At 29 February 2024    
Net book values
Closing balance as at 29 February 2024 20,000    7,000    27,000 
Opening balance as at 01 March 2023 20,000    7,000    27,000 


4.

Stocks

2024
£
  2023
£
Stocks 2,850    2,700 
2,850    2,700 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 2,000    20,228 
Corporation Tax 51   
Accrued Expenses 850    950 
Loans 15,000   
Directors' Current Accounts 10,800    10,800 
28,701    31,978 

4