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REGISTERED NUMBER: 08097233 (England and Wales)











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: R Neill
A Neill





REGISTERED OFFICE: Warden House
37 Manor Road
Colchester
Essex
CO3 3LX





REGISTERED NUMBER: 08097233 (England and Wales)





ACCOUNTANTS: Tile & Co
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 19,668 18,107
19,668 18,107

CURRENT ASSETS
Stocks 232,000 156,000
Debtors 6 120,560 74,183
Cash at bank and in hand 18,469 30,107
371,029 260,290
CREDITORS
Amounts falling due within one year 7 252,860 186,063
NET CURRENT ASSETS 118,169 74,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,837

92,334

CREDITORS
Amounts falling due after more than one
year

8

(14,806

)

(24,946

)

PROVISIONS FOR LIABILITIES (4,500 ) (3,975 )
NET ASSETS 118,531 63,413

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 118,529 63,411
SHAREHOLDERS' FUNDS 118,531 63,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

Abigail's Collection Ltd (Registered number: 08097233)

Balance Sheet - continued
31 December 2023


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 8 May 2024 and were signed on its behalf by:




R Neill - Director



A Neill - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on reducing balance and 10% 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.

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 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 25 December 2022
and 31 December 2023 20,000
AMORTISATION
At 25 December 2022
and 31 December 2023 20,000
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 35,461
Additions 4,256
At 31 December 2023 39,717
DEPRECIATION
At 25 December 2022 17,354
Charge for period 2,695
At 31 December 2023 20,049
NET BOOK VALUE
At 31 December 2023 19,668
At 24 December 2022 18,107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 24.12.22
£    £   
Other debtors 120,560 74,183

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 24.12.22
£    £   
Bank loans and overdrafts 54,328 34,663
Trade creditors 75,761 40,786
Taxation and social security 116,927 102,202
Other creditors 5,844 8,412
252,860 186,063

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 24.12.22
£    £   
Bank loans 14,806 24,946

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 53,689 49,768

£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.