2022-11-01 03585080 2023-10-31 03585080 2022-11-01 2023-10-31 03585080 2022-10-31 03585080 2021-11-01 2022-10-31 03585080 uk-core:WithinOneYear 2022-10-31 03585080 uk-core:WithinOneYear 2023-10-31 03585080 uk-core:AfterOneYear 2022-10-31 03585080 uk-core:AfterOneYear 2023-10-31 03585080 uk-core:ShareCapital 2023-10-31 03585080 uk-core:ShareCapital 2022-10-31 03585080 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 03585080 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 03585080 uk-bus:Director1 2022-11-01 2023-10-31 03585080 uk-core:PlantMachinery 2022-11-01 2023-10-31 03585080 uk-core:CommercialMotorVehicles 2022-11-01 2023-10-31 03585080 uk-core:CommercialMotorVehicles 2022-10-31 03585080 uk-core:PlantMachinery 2022-10-31 03585080 uk-core:PlantMachinery 2023-10-31 03585080 uk-core:CommercialMotorVehicles 2023-10-31 03585080 2 uk-bus:Director1 2022-11-01 2023-10-31 03585080 2 uk-bus:Director1 2023-10-31 03585080 2 uk-bus:Director1 2022-10-31 iso4217:GBP xbrli:pure 03585080 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 03585080 uk-bus:FRS102 2022-11-01 2023-10-31 03585080 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 03585080 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
ABBEYCOM LIMITED
Registered Number:03585080
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
03585080
As at 31 October 2023
ABBEYCOM LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,948
3,684
2
2,948
3,684
Current assets
Trade and other receivables
318,834
261,644
3
236,401
Cash and cash equivalents
194,213
455,857
555,235
Trade and other payables: amounts falling due within one
year
(6,527)
(4,216)
4
548,708
451,641
Net current assets
Total assets less current liabilities
454,589
552,392
Trade and other payables: amounts falling due after more
than one year
(74,999)
(54,999)
5
(560)
(700)
Provisions for liabilities
399,030
Net assets
476,693
Capital and reserves
Called up share capital
100
100
Retained earnings
398,930
476,593
399,030
476,693
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Kenny Gee Director
These financial statements were approved and authorised for issue by the Board on 20 August 2024 and were signed by:
1 of 5
3
Registered Number :
03585080
For the year ended 31 October 2023
ABBEYCOM LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
4
For the year ended 31 October 2023
ABBEYCOM LIMITED
Notes to the Financial Statements
Statutory Information
ABBEYCOM LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03585080.
Registered address:
Suite 203 Lakes Innovation Centre
Lakes Road
Braintree
Essex
CM7 3AN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
3 of 5
5
For the year ended 31 October 2023
ABBEYCOM LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 November 2022
59,912
25,890
34,022
At 31 October 2023
34,022
25,890
59,912
Provision for depreciation and impairment
At 01 November 2022
56,228
25,890
30,338
Charge for year
736
-
736
At 31 October 2023
56,964
25,890
31,074
At 31 October 2023
Net book value
2,948
-
2,948
At 31 October 2022
3,684
-
3,684
3. Trade and other receivables
2022
2023
£
£
Amounts owed by group undertakings and participating interests
-
82,186
Amounts owed by directors
204,055
179,361
Other debtors
57,589
57,287
318,834
261,644
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1,321
4,481
Taxation and social security
895
2,046
Accruals and deferred income
2,000
-
4,216
6,527
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
54,999
74,999
4 of 5
6
For the year ended 31 October 2023
ABBEYCOM LIMITED
Notes to the Financial Statements Continued
6. Related party transactions
The company is jointly controlled by the Directors who hold 100% of the voting rights of the company in equal
proportions.
7. Directors advances and guarantees
At 01/11/2022
Loaned
Repaid
At 31/10/2023
£
£
£
£
Kenny Gee
Director Loan
204,055
179,361
50,444
25,750
204,055
179,361
50,444
25,750
8. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
5 of 5