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REGISTERED NUMBER: SC338522 (Scotland)















ABBEY SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






ABBEY SUPPLIES LIMITED (REGISTERED NUMBER: SC338522)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABBEY SUPPLIES LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: G W Bell
K J Graham





SECRETARY: K J Graham





REGISTERED OFFICE: The Moorings
Kelton Village
Kelton
Dumfries
DG1 4UA





REGISTERED NUMBER: SC338522 (Scotland)






ABBEY SUPPLIES LIMITED (REGISTERED NUMBER: SC338522)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 510

CURRENT ASSETS
Stocks 800 1,200
Debtors 5 886 7,150
Cash at bank 57,427 62,688
59,113 71,038
CREDITORS
Amounts falling due within one year 6 10,389 23,440
NET CURRENT ASSETS 48,724 47,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,724

48,108

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,723 48,107
SHAREHOLDERS' FUNDS 48,724 48,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





G W Bell - Director


ABBEY SUPPLIES LIMITED (REGISTERED NUMBER: SC338522)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Abbey Supplies Limited is a private company, limited by shares , registered in Scotland. 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 sales of goods and services provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 4,060
DEPRECIATION
At 1 February 2023 3,550
Charge for year 510
At 31 January 2024 4,060
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 510

ABBEY SUPPLIES LIMITED (REGISTERED NUMBER: SC338522)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 886 7,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 3,019 14,403
Director's loan account 1,300 650
Taxation and social security 459 2,451
Other creditors 5,611 5,936
10,389 23,440

7. RELATED PARTY DISCLOSURES

At 31 January 2024 one of the company's directors had provided the company with an interest free loan of £1,300 (2023, £650). There are no fixed repayment terms for this loan.