Company Registration No. 02063798 (England and Wales)
ABBOTSLEY LTD
Unaudited accounts
for the year ended 30 December 2023
ABBOTSLEY LTD
Unaudited accounts
Contents
ABBOTSLEY LTD
Company Information
for the year ended 30 December 2023
Director
Miss Vivien Inez Saunders
Secretary
Miss Jennifer Mary Wisson
Company Number
02063798 (England and Wales)
Registered Office
EYNESBURY HARDWICKE MANOR DREWELS LANE
EYNESBURY HARDWICKE
ST. NEOTS
PE19 6XN
ENGLAND
Accountants
Coles Accounting (Cambridge) Limited
Newton Hall
Town Street, Newton
Cambridge
Cambridgeshire
CB22 7ZE
ABBOTSLEY LTD
Statement of financial position
as at 30 December 2023
Tangible assets
1,852,271
1,905,633
Cash at bank and in hand
6,708
9,704
Creditors: amounts falling due within one year
(210,906)
(89,132)
Net current liabilities
(172,692)
(49,869)
Net assets
1,679,579
1,855,764
Called up share capital
100
100
Profit and loss account
1,679,479
1,855,664
Shareholders' funds
1,679,579
1,855,764
For the year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
Miss Vivien Inez Saunders
Director
Company Registration No. 02063798
ABBOTSLEY LTD
Notes to the Accounts
for the year ended 30 December 2023
ABBOTSLEY LTD is a private company, limited by shares, registered in England and Wales, registration number 02063798. The registered office is EYNESBURY HARDWICKE MANOR DREWELS LANE, EYNESBURY HARDWICKE, ST. NEOTS, PE19 6XN, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2.5% straight line
Fixtures & fittings
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
ABBOTSLEY LTD
Notes to the Accounts
for the year ended 30 December 2023
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 31 December 2022
2,673,988
45,366
2,719,354
At 30 December 2023
2,673,988
45,366
2,719,354
At 31 December 2022
777,504
36,217
813,721
Charge for the year
51,075
2,287
53,362
At 30 December 2023
828,579
38,504
867,083
At 30 December 2023
1,845,409
6,862
1,852,271
At 30 December 2022
1,896,484
9,149
1,905,633
Amounts falling due within one year
Other debtors
31,506
29,559
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(515)
(515)
Loans from directors
210,017
88,647
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Average number of employees
During the year the average number of employees was 0 (2022: 2).