2024-04-01 NI068339 2025-03-31 NI068339 2024-04-01 2025-03-31 NI068339 2024-03-31 NI068339 2023-04-01 2024-03-31 NI068339 uk-core:WithinOneYear 2024-03-31 NI068339 uk-core:WithinOneYear 2025-03-31 NI068339 uk-core:AfterOneYear 2024-03-31 NI068339 uk-core:AfterOneYear 2025-03-31 NI068339 uk-core:ShareCapital 2025-03-31 NI068339 uk-core:ShareCapital 2024-03-31 NI068339 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI068339 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI068339 uk-bus:Director1 2024-04-01 2025-03-31 NI068339 uk-core:LandBuildings 2024-04-01 2025-03-31 NI068339 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 NI068339 uk-core:FurnitureFittingsToolsEquipment 2024-03-31 NI068339 uk-core:LandBuildings 2024-03-31 NI068339 uk-core:LandBuildings 2025-03-31 NI068339 uk-core:FurnitureFittingsToolsEquipment 2025-03-31 NI068339 uk-core:WithinOneYear 2025-03-31 NI068339 uk-core:WithinOneYear 2024-03-31 NI068339 uk-core:AfterOneYear uk-core:Secured 2025-03-31 NI068339 uk-core:AfterOneYear uk-core:Secured 2024-03-31 iso4217:GBP xbrli:pure NI068339 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 NI068339 uk-bus:FRS102 2024-04-01 2025-03-31 NI068339 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 NI068339 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31
Abbey Financial Services (N.I.) Limited
Registered Number:NI068339
For the year ended 31 March 2025
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2025
Abbey Financial Services (N.I.) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI068339
As at 31 March 2025
Abbey Financial Services (N.I.) Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
2,386
2,460
2
2,386
2,460
Current assets
Trade and other receivables
226,125
236,125
3
63,089
Cash and cash equivalents
69,819
305,944
289,214
Trade and other payables: amounts falling due within one
year
(51,359)
(69,126)
4
237,855
236,818
Net current assets
Total assets less current liabilities
239,204
240,315
Trade and other payables: amounts falling due after more
than one year
(19,939)
(10,000)
5
(464)
(417)
Provisions for liabilities
228,740
Net assets
219,959
Capital and reserves
Called up share capital
15,040
15,040
Retained earnings
213,700
204,919
228,740
219,959
Shareholders' funds
For the year ended 31 March 2025 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 March 2025 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.
Mr Conor McAneney Director
These financial statements were approved and authorised for issue by the Board on 13 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2025
Abbey Financial Services (N.I.) Limited
Notes to the Financial Statements
Statutory Information
Abbey Financial Services (N.I.) Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI068339.
Registered address:
Suite 7 Dean Swift Building, Armagh Business Park
50 Hamiltonsbawn Road
Armagh
County Armagh
BT60 1HW
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Land and Buildings
2% Reducing balance
33% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2025
Abbey Financial Services (N.I.) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Land and
Buildings
£
£
£
Cost or
valuation
At 01 April 2024
17,536
14,211
3,325
At 31 March 2025
3,325
14,211
17,536
Provision for depreciation and impairment
At 01 April 2024
15,076
14,133
943
Charge for year
74
26
48
At 31 March 2025
15,150
14,159
991
At 31 March 2025
Net book value
2,334
52
2,386
At 31 March 2024
2,382
78
2,460
3. Trade and other receivables
2024
2025
£
£
Other debtors
236,125
226,125
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft
15,621
16,564
Taxation and social security
15,917
11,224
Other creditors
37,588
23,571
69,126
51,359
5. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft
10,000
19,939
6. Average number of persons employed
During the year the average number of employees was 3 (2024 : 3)
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