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REGISTERED NUMBER: 04637247 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Abbey Brass Company Limited

Abbey Brass Company Limited (Registered number: 04637247)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Abbey Brass Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W Hubner
Mrs C A Hubner
R N Hubner





SECRETARY: Mrs C A Hubner





REGISTERED OFFICE: The Coppice Barn
Darley Abbey Mills
Derby
Derbyshire
DE22 1DZ





REGISTERED NUMBER: 04637247 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Abbey Brass Company Limited (Registered number: 04637247)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,478 2,111
Tangible assets 5 68 91
1,546 2,202

CURRENT ASSETS
Stocks 55,854 71,812
Debtors 6 2,814 1,892
Cash at bank and in hand 51,859 72,328
110,527 146,032
CREDITORS
Amounts falling due within one year 7 109,437 147,075
NET CURRENT ASSETS/(LIABILITIES) 1,090 (1,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,636

1,159

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 1,536 59
SHAREHOLDERS' FUNDS 2,636 1,159

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:



R N Hubner - Director


Abbey Brass Company Limited (Registered number: 04637247)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Abbey Brass Company 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 net invoiced sales of goods during the year, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the period of the lease
Computer equipment - 25% on cost

Registration plates are not depreciated.

Stocks
Stocks are stated at the lower of cost and net estimated selling price less selling costs. In determining the cost, the weighted average purchase price is used.

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 year was 3 (2023 - 3 ) .

Abbey Brass Company Limited (Registered number: 04637247)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,000 6,331 16,331
AMORTISATION
At 1 April 2023 10,000 4,220 14,220
Charge for year - 633 633
At 31 March 2024 10,000 4,853 14,853
NET BOOK VALUE
At 31 March 2024 - 1,478 1,478
At 31 March 2023 - 2,111 2,111

5. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 30,585 1,390 31,975
DEPRECIATION
At 1 April 2023 30,585 1,299 31,884
Charge for year - 23 23
At 31 March 2024 30,585 1,322 31,907
NET BOOK VALUE
At 31 March 2024 - 68 68
At 31 March 2023 - 91 91

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,169 759
Prepayments 645 1,133
2,814 1,892

Abbey Brass Company Limited (Registered number: 04637247)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,122 14,757
Tax 1,110 5,246
Social security and other taxes 2,661 1,243
Other creditors 1,008 182
Directors' current accounts 100,420 122,552
Accrued expenses 3,116 3,095
109,437 147,075