REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
25 December 2022 to 31 December 2023 |
for |
Abigail's Collection Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
25 December 2022 to 31 December 2023 |
for |
Abigail's Collection Ltd |
Abigail's Collection Ltd (Registered number: 08097233) |
Contents of the Financial Statements |
for the period 25 December 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Abigail's Collection Ltd |
Company Information |
for the period 25 December 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Warden House |
37 Manor Road |
Colchester |
Essex |
CO3 3LX |
Abigail's Collection Ltd (Registered number: 08097233) |
Balance Sheet |
31 December 2023 |
31.12.23 | 24.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Abigail's Collection Ltd (Registered number: 08097233) |
Balance Sheet - continued |
31 December 2023 |
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 |
Abigail's Collection Ltd (Registered number: 08097233) |
Notes to the Financial Statements |
for the period 25 December 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Abigail's Collection Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
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 |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Taxation |
Taxation for the period 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. |
Abigail's Collection Ltd (Registered number: 08097233) |
Notes to the Financial Statements - continued |
for the period 25 December 2022 to 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
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 period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 25 December 2022 |
and 31 December 2023 |
AMORTISATION |
At 25 December 2022 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 24 December 2022 |
Abigail's Collection Ltd (Registered number: 08097233) |
Notes to the Financial Statements - continued |
for the period 25 December 2022 to 31 December 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 25 December 2022 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 25 December 2022 |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 24 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 24.12.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 24.12.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 24.12.22 |
£ | £ |
Bank loans |
Abigail's Collection Ltd (Registered number: 08097233) |
Notes to the Financial Statements - continued |
for the period 25 December 2022 to 31 December 2023 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.23 | 24.12.22 |
£ | £ |
Bank loans |
£28,743 (2022: £14,932) of the bank loans are secured by way of a personal guarantee from the directors. |
The remaining £24,946 (2022: £34,836) is Government backed under the terms of the Bounce Back Loan Scheme. |
10. | OTHER FINANCIAL COMMITMENTS |
At the balance sheet date the total commitment to future minimum lease payments under non-cancellable operating leases was £36,138 (2022 £54,207). |
11. | RELATED PARTY DISCLOSURES |
During the period, total dividends of £84,220 (2022 - £84,220) were paid to the directors . |
At the balance sheet date the company was owed £117,133 by the directors A & R Neill (2022: £70,538). The loan from the company is unsecured, interest free and repayable on demand. |