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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
Page
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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
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ABBOTT PROPERTY SOLUTIONS LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,196 
31,806 
Current assets
Inventories
120,894 
93,868 
Debtors
199,259 
226,695 
Cash at bank and in hand
179,164 
153,989 
499,317 
474,552 
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 
Capital and reserves
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
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ABBOTT PROPERTY SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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ABBOTT PROPERTY SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
132,294 
147,250 
Other debtors
66,965 
79,445 
199,259 
226,695 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,681 
1,443 
VAT
35,718 
9,999 
Obligations under finance leases and hire purchase contracts
2,923 
- 
Trade creditors
31,435 
135,682 
Taxes and social security
43,068 
2,363 
Accruals
900 
- 
116,725 
149,487 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,500 
32,500 
Obligations under finance leases and hire purchase contracts
- 
9,936 
22,500 
42,436 
8
Average number of employees
During the year the average number of employees was 12 (2023: 13).
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