PTP Accounts Production v24.3.0.553 05028102 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050281022023-03-31050281022024-03-31050281022023-04-012024-03-31050281022022-03-31050281022022-04-012023-03-31050281022023-03-3105028102ns14:PoundSterling2023-04-012024-03-3105028102ns10:Director12023-04-012024-03-3105028102ns10:Director22023-04-012024-03-3105028102ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105028102ns10:SmallEntities2023-04-012024-03-3105028102ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105028102ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105028102ns10:FullAccounts2023-04-012024-03-310502810212023-04-012024-03-3105028102ns10:Director32023-04-012024-03-3105028102ns10:CompanySecretary12023-04-012024-03-3105028102ns10:RegisteredOffice2023-04-012024-03-3105028102ns5:CurrentFinancialInstruments2024-03-3105028102ns5:CurrentFinancialInstruments2023-03-3105028102ns5:Non-currentFinancialInstruments2024-03-3105028102ns5:Non-currentFinancialInstruments2023-03-3105028102ns5:ShareCapital2024-03-3105028102ns5:ShareCapital2023-03-3105028102ns5:RetainedEarningsAccumulatedLosses2024-03-3105028102ns5:RetainedEarningsAccumulatedLosses2023-03-3105028102ns5:NetGoodwill2023-04-012024-03-3105028102ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105028102ns5:PlantMachinery2023-04-012024-03-3105028102ns5:FurnitureFittings2023-04-012024-03-3105028102ns5:MotorVehicles2023-04-012024-03-3105028102ns5:ComputerEquipment2023-04-012024-03-3105028102ns5:NetGoodwill2023-03-3105028102ns5:NetGoodwill2024-03-3105028102ns5:NetGoodwill2023-03-3105028102ns5:PlantMachinery2023-03-3105028102ns5:FurnitureFittings2023-03-3105028102ns5:MotorVehicles2023-03-3105028102ns5:ComputerEquipment2023-03-3105028102ns5:PlantMachinery2024-03-3105028102ns5:FurnitureFittings2024-03-3105028102ns5:MotorVehicles2024-03-3105028102ns5:ComputerEquipment2024-03-3105028102ns5:PlantMachinery2023-03-3105028102ns5:FurnitureFittings2023-03-3105028102ns5:MotorVehicles2023-03-3105028102ns5:ComputerEquipment2023-03-3105028102ns5:CostValuation2023-03-3105028102ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105028102ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05028102















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ABBOTS (UK) LIMITED

ABBOTS (UK) LIMITED (REGISTERED NUMBER: 05028102)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBOTS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs M A Barling
Mr C M Barling
Mr C Nicolaou





SECRETARY: Mr C Nicolaou





REGISTERED OFFICE: 5 Spring Park
Hemel Hempstead
Hertfordshire
HP2 7ER





REGISTERED NUMBER: 05028102





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

ABBOTS (UK) LIMITED (REGISTERED NUMBER: 05028102)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 50,000 75,000
Tangible assets 5 19,487 70,043
Investments 6 300 300
69,787 145,343

CURRENT ASSETS
Stocks 154,705 149,119
Debtors 7 1,390,231 1,037,576
Cash at bank and in hand 225,000 308,702
1,769,936 1,495,397
CREDITORS
Amounts falling due within one year 8 (1,198,112 ) (920,859 )
NET CURRENT ASSETS 571,824 574,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,611

719,881

CREDITORS
Amounts falling due after more than one year 9 (143,387 ) (201,948 )
NET ASSETS 498,224 517,933

CAPITAL AND RESERVES
Called up share capital 51,000 51,000
Retained earnings 447,224 466,933
SHAREHOLDERS' FUNDS 498,224 517,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

ABBOTS (UK) LIMITED (REGISTERED NUMBER: 05028102)

BALANCE SHEET - continued
31ST MARCH 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 2nd October 2024 and were signed on its behalf by:




Mrs M A Barling - Director



Mr C M Barling - Director


ABBOTS (UK) LIMITED (REGISTERED NUMBER: 05028102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Abbots (UK) 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 represents invoices rendered for goods supplied and hire charges, excluding Value Added Tax.

Goodwill
Goodwill represents the excess between purchase consideration and net tangible assets on the incorporation of the partnership. Goodwill is recognised as an asset and reviewed for impairment at least annually. Goodwill is amortised over 10 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.
Hire equipment - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises prime cost, the addition of overheads being inappropriate, and not material to the financial statements.

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.


ABBOTS (UK) LIMITED (REGISTERED NUMBER: 05028102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


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 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.

Leases
All other leases held by the company are regarded as operating leases and the total payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs
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.

Investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the results from ordinary activities.

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 the transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 250,000
AMORTISATION
At 1st April 2023 175,000
Charge for year 25,000
At 31st March 2024 200,000
NET BOOK VALUE
At 31st March 2024 50,000
At 31st March 2023 75,000

ABBOTS (UK) LIMITED (REGISTERED NUMBER: 05028102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Hire and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 243,583 145,344 10,064 54,876 453,867
Additions - - - 20,975 20,975
At 31st March 2024 243,583 145,344 10,064 75,851 474,842
DEPRECIATION
At 1st April 2023 217,918 112,593 10,064 43,249 383,824
Charge for year 25,665 32,751 - 13,115 71,531
At 31st March 2024 243,583 145,344 10,064 56,364 455,355
NET BOOK VALUE
At 31st March 2024 - - - 19,487 19,487
At 31st March 2023 25,665 32,751 - 11,627 70,043

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 300
NET BOOK VALUE
At 31st March 2024 300
At 31st March 2023 300

The company owns 100 ordinary shares of £1 each, being 100% of the issued ordinary share capital in each of the following companies: Abbots Engineering Supplies Limited, Abbots Plant Hire Limited and Abbots Marine Limited, three companies incorporated in England and Wales. The aggregate Capital and Reserves of each subsidiary company at 31st March 2023 was £100 each and amounting to £300 in total. Each of the subsidiary companies was dormant in the year under review.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,298,793 940,168
Other debtors 91,438 97,408
1,390,231 1,037,576

ABBOTS (UK) LIMITED (REGISTERED NUMBER: 05028102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 951,955 679,309
Taxation and social security 108,155 115,965
Other creditors 138,002 125,585
1,198,112 920,859

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 143,387 201,948

10. SECURITY AND CHARGES

The CIBL's loan taken on 28th October 2020 is secured by way of a debenture held by Barclays Security Trustee Limited covering the fixed and floating charge over the assets and property of the company.