| Abbey Financial Services (N.I.) Limited |
| Registered Number:NI068339 |
For the year ended 31 March 2025
Northern Ireland
Unaudited Financial Statements
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
Abbey Financial Services (N.I.) Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
2,386
2,460
2
2,386
2,460
| 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
15,040
15,040
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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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. |
Suite 7 Dean Swift Building, Armagh Business Park
50 Hamiltonsbawn Road
Armagh
County Armagh
BT60 1HW
| The presentation currency is £ sterling. |
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
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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For the year ended 31 March 2025
Abbey Financial Services (N.I.) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
17,536
14,211
3,325
3,325
14,211
17,536
| Provision for depreciation and impairment |
15,076
14,133
943
Charge for year
74
26
48
15,150
14,159
991
2,334
52
2,386
2,382
78
2,460
| 3. Trade and other receivables |
2024
2025
236,125
226,125
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
15,621
16,564
| Taxation and social security |
15,917
11,224
37,588
23,571
69,126
51,359
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
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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