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Registered number: 07848159

Abbey Power Soluitions Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023


Abbey Power Soluitions Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Roland J B Duce
Alexander J C Duce
Colin Andrew Gray
REGISTERED OFFICE
11a Ironmonger Street
Stamford
Lincolnshire
PE9 1PL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07848159

Abbey Power Soluitions Limited

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Abbey Power Soluitions Limited

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Investment Assets3300,000600,000
CURRENT ASSETS
Stock205,152-
Debtors59,204,8939,466,256
Cash at bank and in hand2,181,0981,589,723
11,591,14311,055,979
CREDITORS: Amounts falling due within one year610,356,7888,171,846
NET CURRENT ASSETS1,234,3552,884,133
TOTAL ASSETS LESS CURRENT LIABILITIES1,534,3553,484,133
CREDITORS: Amounts falling due after more than one year7-2,358,219
PROVISIONS FOR LIABILITIES AND CHARGES8536,835536,835
NET ASSETS997,520589,079
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account997,420588,979
SHAREHOLDERS' FUNDS997,520589,079
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/10/2024 and signed on their behalf by
.............................
Roland J B Duce
Director

Abbey Power Soluitions Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees--

Abbey Power Soluitions Limited

3. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/07/2022600,000600,000
At 30/06/2023600,000600,000
Amortisation
Disposals300,000300,000
At 30/06/2023300,000300,000
Net Book Amounts
At 30/06/2023300,000300,000
At 30/06/2022600,000600,000
4. STOCK 20232022
££
Stock comprises:
Work in progress205,152-
205,152-
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors284,749-
Other debtors692,46558,134
Amounts due from group companies8,205,3479,387,330
Prepayments1,540-
Deferred taxation20,79220,792
9,204,8939,466,256

Abbey Power Soluitions Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax25,42925,430
VAT283,862152,518
Bank Loan Less than 1 year2,162,0992,261,389
Trade creditors250,177173,826
Other creditors5,695,6774,914,828
Accruals981,75074,382
Amounts due to group companies957,794569,473
10,356,7888,171,846
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr-2,358,219
-2,358,219
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation(20,792)(20,792)
Other provisions - Swap536,835536,835
536,835536,835
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each1001
100100