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REGISTERED NUMBER: 06115956 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Abbeygates Limited

Abbeygates Limited (Registered number: 06115956)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abbeygates Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R Needham
T Needham





SECRETARY: Paul Glover Associates Limited





REGISTERED OFFICE: William James House
Cowley Road
Cambridge
CB4 0WX





REGISTERED NUMBER: 06115956 (England and Wales)





ACCOUNTANTS: Paul Glover Associates Limited
Progress House
Rowles Way
Swavesey
Cambridge
CB24 4UG

Abbeygates Limited (Registered number: 06115956)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,164 3,110

CURRENT ASSETS
Debtors 5 346 386
Prepayments and accrued income - 13,644
Cash at bank 47,690 39,171
48,036 53,201
CREDITORS
Amounts falling due within one year 6 37,443 25,205
NET CURRENT ASSETS 10,593 27,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,757

31,106

CREDITORS
Amounts falling due after more than one
year

7

(8,000

)

(12,000

)

PROVISIONS FOR LIABILITIES (600 ) (1,000 )
NET ASSETS 5,157 18,106

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,057 18,006
SHAREHOLDERS' FUNDS 5,157 18,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Abbeygates Limited (Registered number: 06115956)

Balance Sheet - continued
30 April 2024


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 2 October 2024 and were signed on its behalf by:





R Needham - Director


Abbeygates Limited (Registered number: 06115956)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Abbeygates Limited 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.

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.

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

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.

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 5 (2023 - 5 ) .

Abbeygates Limited (Registered number: 06115956)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 10,722
Additions 1,110
At 30 April 2024 11,832
DEPRECIATION
At 1 May 2023 7,612
Charge for year 1,056
At 30 April 2024 8,668
NET BOOK VALUE
At 30 April 2024 3,164
At 30 April 2023 3,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 346 386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 9,309 4,143
Taxation and social security 18,876 12,116
Other creditors 5,258 4,946
37,443 25,205

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 8,000 12,000

Abbeygates Limited (Registered number: 06115956)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R Needham
Balance outstanding at start of year (1,624 ) (1,312 )
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,936 ) (1,624 )

During the year no advances were made to the director. The outstanding loan due to the director is repayable on demand.

Total advances and credits during the year: £NIL

Total repaid and debits during the year: £312