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ABBEY MOTOR VEHICLES LTD

Registered Number
08723412
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

ABBEY MOTOR VEHICLES LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

LAMMAS, Helen

Registered Address

406 Birmingham Road
Marlbrook
Bromsgrove
B61 0HL

Registered Number

08723412 (England and Wales)
ABBEY MOTOR VEHICLES LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks336,30042,550
Cash at bank and on hand5,263610
41,56343,160
Creditors amounts falling due within one year4(30,183)(34,070)
Net current assets (liabilities)11,3809,090
Total assets less current liabilities11,3809,090
Net assets11,3809,090
Capital and reserves
Called up share capital22
Profit and loss account11,3789,088
Shareholders' funds11,3809,090
The financial statements were approved and authorised for issue by the Director on 21 April 2025, and are signed on its behalf by:
LAMMAS, Helen
Director
Registered Company No. 08723412
ABBEY MOTOR VEHICLES LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Stocks

2024

2023

££
Other stocks36,30042,550
Total36,30042,550
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security4,3793,785
Other creditors22,90427,385
Accrued liabilities and deferred income2,9002,900
Total30,18334,070