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REGISTERED NUMBER: 06434866 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ABBEYMEAD BUILDING LIMITED

ABBEYMEAD BUILDING LIMITED (REGISTERED NUMBER: 06434866)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ABBEYMEAD BUILDING LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: R J McCarthy
Mrs V J McCarthy





SECRETARY: V Mccarthy





REGISTERED OFFICE: C/O Braham Noble Denholm & Co
MSP Business Centre,
Fourth Way
Wembley
Middlesex
HA9 0HQ





REGISTERED NUMBER: 06434866 (England and Wales)





ACCOUNTANTS: Braham Noble Denholm & Co.
Rubicon House
Unit 5
Second Way
Wembley
Middlesex
HA9 0YJ

ABBEYMEAD BUILDING LIMITED (REGISTERED NUMBER: 06434866)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,692 45,807

CURRENT ASSETS
Stocks 127,690 97,000
Debtors 178,629 198,227
Cash at bank 166,816 220,100
473,135 515,327
CREDITORS
Amounts falling due within one year 90,206 107,834
NET CURRENT ASSETS 382,929 407,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,621

453,300

CREDITORS
Amounts falling due after more than one
year

65,825

98,599
NET ASSETS 347,796 354,701

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 6 346,796 353,701
SHAREHOLDERS' FUNDS 347,796 354,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

ABBEYMEAD BUILDING LIMITED (REGISTERED NUMBER: 06434866)

ABRIDGED BALANCE SHEET - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 October 2024 and were signed on its behalf by:




R J McCarthy - Director



Mrs V J McCarthy - Director


ABBEYMEAD BUILDING LIMITED (REGISTERED NUMBER: 06434866)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Abbeymead Building 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 - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ABBEYMEAD BUILDING LIMITED (REGISTERED NUMBER: 06434866)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 127,005
DEPRECIATION
At 1 December 2022 81,198
Charge for year 15,115
At 30 November 2023 96,313
NET BOOK VALUE
At 30 November 2023 30,692
At 30 November 2022 45,807

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary share £1 1,000 1,000

6. RESERVES
Retained
earnings
£   

At 1 December 2022 353,701
Deficit for the year (6,905 )
At 30 November 2023 346,796

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J and Mrs V McCarthy.