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REGISTERED NUMBER: 04122111 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ABC INDUSTRIAL DOORS LIMITED

ABC INDUSTRIAL DOORS LIMITED (REGISTERED NUMBER: 04122111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABC INDUSTRIAL DOORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J A Rodger
Mr S Hilton





REGISTERED OFFICE: Unit 6
Irlam Wharf Road
Irlam
Manchester
M44 5PN





REGISTERED NUMBER: 04122111 (England and Wales)





AUDITORS: Christian Douglass Accountants Limited
Chartered Accountants
Statutory Auditor
2 Jordan Street
Knott Mill
Manchester
M15 4PY

ABC INDUSTRIAL DOORS LIMITED (REGISTERED NUMBER: 04122111)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,319,127 1,200,656

CURRENT ASSETS
Stocks 131,293 153,251
Debtors 5 1,047,390 1,198,299
Cash at bank 39,332 58,024
1,218,015 1,409,574
CREDITORS
Amounts falling due within one year 6 1,118,315 952,103
NET CURRENT ASSETS 99,700 457,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,827

1,658,127

CREDITORS
Amounts falling due after more than one
year

7

(248,173

)

(213,713

)

PROVISIONS FOR LIABILITIES (160,813 ) (187,307 )
NET ASSETS 1,009,841 1,257,107

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 199,650 202,290
Retained earnings 809,191 1,053,817
SHAREHOLDERS' FUNDS 1,009,841 1,257,107

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 3 July 2024 and were signed on its behalf by:





Mr J A Rodger - Director


ABC INDUSTRIAL DOORS LIMITED (REGISTERED NUMBER: 04122111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

ABC Industrial Doors Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04122111 and its registered office is at Unit 6, Irlam Wharf Road, Irlam, Manchester, M44 5PN.

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 as modified by the revaluation of certain assets.

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

Turnover is recognised when the company considers that it has fulfilled its obligations to the customer which, in respect of services delivered, is deemed to be when that service is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 20% on cost and 1% per annum on cost
Plant and machinery etc - 10% on cost and 25% on reducing balance and 15% on cost

Tangible fixed assets, with the exception of land and buildings as stated below, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure directly attributable to bringing the asset to the location and condition necessary for operation by the company.

Land and buildings held and used in the company's own activities are stated in the balance sheet at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

An amount equal to the excess of the annual depreciation charge over the depreciation charge computed on a historical cost basis, is transferred annually from the revaluation reserve to retained earnings.

Once a revalued property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings.

At each reporting date an assessment is made as to whether there is any indication that an asset may be impaired. Indicators may be from external, market based, sources or from internal, record based, sources. If any such indication exists, the recoverable amount of the asset is estimated and impairment losses recorded so as to reduce the carrying value to the recoverable amount.

Stocks
Stocks are valued at the lower of cost and net realisable value.

In general, cost is determined on a first in first out basis and includes transport and handling costs where applicable.

Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the cost of realisation and, where appropriate, the cost of conversion from their existing state to a finished condition.

Provision is made where necessary for obsolete, slow-moving and defective stocks.


ABC INDUSTRIAL DOORS LIMITED (REGISTERED NUMBER: 04122111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Deferred tax is provided in full on gains arising on the revaluation of assets and is recognised as other comprehensive income having been deducted directly from the revaluation reserve.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 56 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 755,858 127,765 596,863 1,480,486
Additions 89,139 39,015 167,226 295,380
Disposals - - (158,385 ) (158,385 )
At 31 December 2023 844,997 166,780 605,704 1,617,481
DEPRECIATION
At 1 January 2023 3,848 107,068 168,914 279,830
Charge for year 13,681 15,039 80,647 109,367
Eliminated on disposal - - (90,843 ) (90,843 )
At 31 December 2023 17,529 122,107 158,718 298,354
NET BOOK VALUE
At 31 December 2023 827,468 44,673 446,986 1,319,127
At 31 December 2022 752,010 20,697 427,949 1,200,656

ABC INDUSTRIAL DOORS LIMITED (REGISTERED NUMBER: 04122111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
Valuation in 2021 245,982 - - 245,982
Cost 599,015 166,780 605,704 1,371,499
844,997 166,780 605,704 1,617,481

If Land and buildings had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 599,015 509,876
Aggregate depreciation 47,153 36,112

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 January 2023 502,087
Additions 167,226
Transfer to ownership (136,980 )
At 31 December 2023 532,333
DEPRECIATION
At 1 January 2023 111,524
Charge for year 76,633
Transfer to ownership (72,544 )
At 31 December 2023 115,613
NET BOOK VALUE
At 31 December 2023 416,720
At 31 December 2022 390,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 807,027 1,057,114
Other debtors 240,363 141,185
1,047,390 1,198,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts and finance leases 113,741 105,582
Trade creditors 338,568 288,188
Amounts owed to group undertakings 28,395 768
Taxation and social security 68,106 163,153
Other creditors 569,505 394,412
1,118,315 952,103

ABC INDUSTRIAL DOORS LIMITED (REGISTERED NUMBER: 04122111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts and finance leases 248,173 213,713

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts and finance leases 361,914 319,295
Invoice discounting liability 426,774 184,702
788,688 503,997

Obligations under hire purchase contracts and finance leases are secured on the assets concerned. Bank and other borrowings are secured by a fixed and floating charge over the assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023 202,290
Transfer between reserves (2,640 )

At 31 December 2023 199,650

Amounts transferred between reserves represent the release of costs charged to profit and loss, specifically the excess of depreciation charges over historical cost plus prior year increases in deferred tax on revaluation gains.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Deborah Burton F.C.A. (Senior Statutory Auditor)
for and on behalf of Christian Douglass Accountants Limited

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
Mr M C Todd
Balance outstanding at start of year - 135,999
Amounts repaid - (135,999 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr I Thomason
Balance outstanding at start of year - 165,230
Amounts repaid - (165,230 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

ABC INDUSTRIAL DOORS LIMITED (REGISTERED NUMBER: 04122111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

12. ULTIMATE PARENT UNDERTAKING

The company is a 100% subsidiary of Teckentrup (Holdings) Limited. Teckentrup (Holdings) Limited prepares group accounts including the results of the company. Its registered office is C/O Christian Douglass Accountants Limited 2 Jordan Street, Knott Mill, Manchester, England, M15 4PY.

13. ULTIMATE CONTROLLING PARTY

The directors consider that there is no ultimate controlling party,