Company Registration No. 07151261 (England and Wales)
ABBOTT PROPERTY SOLUTIONS LIMITED
Unaudited accounts
for the year ended 31 March 2024
ABBOTT PROPERTY SOLUTIONS LIMITED
Unaudited accounts
Contents
ABBOTT PROPERTY SOLUTIONS LIMITED
Company Information
for the year ended 31 March 2024
Directors
Christopher Neil Gallagher
Charlotte Gallagher
Jacob Daniel Franklin
Company Number
07151261 (England and Wales)
Registered Office
ABBOT HOUSE
27, THE AVENUE
BRAINTREE
ESSEX
CM7 3HY
Accountants
ST Accountancy Services Ltd
Corner House
Market Place
Braintree
Essex
CM7 3HQ
ABBOTT PROPERTY SOLUTIONS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
36,196
31,806
Inventories
120,894
93,868
Cash at bank and in hand
179,164
153,989
Creditors: amounts falling due within one year
(116,725)
(149,487)
Net current assets
382,592
325,065
Total assets less current liabilities
418,788
356,871
Creditors: amounts falling due after more than one year
(22,500)
(42,436)
Net assets
396,288
314,435
Called up share capital
200
200
Profit and loss account
396,088
314,235
Shareholders' funds
396,288
314,435
For the year ending 31 March 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by
Christopher Neil Gallagher
Director
Company Registration No. 07151261
ABBOTT PROPERTY SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
ABBOTT PROPERTY SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07151261. The registered office is ABBOT HOUSE, 27, THE AVENUE, BRAINTREE, ESSEX, CM7 3HY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing Balance
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
25,354
89,466
1,353
18,815
134,988
Additions
-
13,950
-
2,506
16,456
At 31 March 2024
25,354
103,416
1,353
21,321
151,444
At 1 April 2023
22,650
62,295
1,192
17,045
103,182
Charge for the year
149
10,280
40
1,597
12,066
At 31 March 2024
22,799
72,575
1,232
18,642
115,248
At 31 March 2024
2,555
30,841
121
2,679
36,196
At 31 March 2023
2,704
27,171
161
1,770
31,806
ABBOTT PROPERTY SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
132,294
147,250
Other debtors
66,965
79,445
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,681
1,443
Obligations under finance leases and hire purchase contracts
2,923
-
Trade creditors
31,435
135,682
Taxes and social security
43,068
2,363
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
9,936
8
Average number of employees
During the year the average number of employees was 12 (2023: 13).