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REGISTERED NUMBER: 06645330 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ABBEY PLUMBING SUPPLIES LIMITED

ABBEY PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 06645330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ABBEY PLUMBING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: I R Evans
H J Alway





SECRETARY: H J Alway





REGISTERED OFFICE: Chargrove House
Main Road
Shurdington
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Unit 2 Hazels Way Industrial Estate
Charfield Road
Kingswood
Wotton-under-Edge
Gloucestershire
GL12 8RL





REGISTERED NUMBER: 06645330 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

ABBEY PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 06645330)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,978 39,903

CURRENT ASSETS
Stocks 224,435 206,217
Debtors 5 122,318 137,793
Cash at bank and in hand 149,704 128,314
496,457 472,324
CREDITORS
Amounts falling due within one year 6 143,811 159,542
NET CURRENT ASSETS 352,646 312,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,624

352,685

CREDITORS
Amounts falling due after more than one
year

7

(10,305

)

(18,332

)

PROVISIONS FOR LIABILITIES (8,225 ) (10,001 )
NET ASSETS 364,094 324,352

CAPITAL AND RESERVES
Called up share capital 9,998 9,998
Capital redemption reserve 10,002 10,002
Retained earnings 344,094 304,352
SHAREHOLDERS' FUNDS 364,094 324,352

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

ABBEY PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 06645330)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2025 and were signed on its behalf by:




I R Evans - Director



H J Alway - Director


ABBEY PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 06645330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Abbey Plumbing Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants' improvements - Straight line over the term of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 30% on reducing balance

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

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ABBEY PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 06645330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants' Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 August 2023 11,324 4,995 15,360
Additions - - 199
Disposals - - -
At 31 July 2024 11,324 4,995 15,559
DEPRECIATION
At 1 August 2023 7,712 717 12,595
Charge for year 878 375 445
Eliminated on disposal - - -
At 31 July 2024 8,590 1,092 13,040
NET BOOK VALUE
At 31 July 2024 2,734 3,903 2,519
At 31 July 2023 3,612 4,278 2,765

ABBEY PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 06645330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Computer
and
Motor office
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 42,471 2,500 76,650
Additions - 1,066 1,265
Disposals (16,101 ) - (16,101 )
At 31 July 2024 26,370 3,566 61,814
DEPRECIATION
At 1 August 2023 13,235 2,488 36,747
Charge for year 6,593 33 8,324
Eliminated on disposal (13,235 ) - (13,235 )
At 31 July 2024 6,593 2,521 31,836
NET BOOK VALUE
At 31 July 2024 19,777 1,045 29,978
At 31 July 2023 29,236 12 39,903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120,670 136,145
Provision for doubtful debts (1,477 ) (1,477 )
Prepayments 3,125 3,125
122,318 137,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,990
Hire purchase contracts 1,649 -
Trade creditors 91,413 110,767
Corporation Tax 15,461 8,997
Social security and other taxes 1,266 1,506
VAT 2,735 6,020
Other creditors 498 1,099
Directors' loan accounts 17,049 17,763
Accrued expenses 3,740 3,400
143,811 159,542

ABBEY PLUMBING SUPPLIES LIMITED (REGISTERED NUMBER: 06645330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 8,334 18,332
Hire purchase contracts 1,971 -
10,305 18,332

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
I R Evans
Balance outstanding at start of year (9,467 ) (13,803 )
Amounts advanced 357 20,336
Amounts repaid - (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,110 ) (9,467 )

H J Alway
Balance outstanding at start of year (8,296 ) (12,632 )
Amounts advanced 357 4,336
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,939 ) (8,296 )

No interest is being charged on the above loan and there are no set repayment terms.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABBEY PLUMBING SUPPLIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abbey Plumbing Supplies Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Abbey Plumbing Supplies Limited, as a body, in accordance with the terms of our engagement letter dated 30 April 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Abbey Plumbing Supplies Limited and state those matters that we have agreed to state to the Board of Directors of Abbey Plumbing Supplies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbey Plumbing Supplies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abbey Plumbing Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abbey Plumbing Supplies Limited. You consider that Abbey Plumbing Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abbey Plumbing Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA


17 March 2025