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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

ABBOTT SURVEYORS LIMITED

ABBOTT SURVEYORS LIMITED (REGISTERED NUMBER: 08415161)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABBOTT SURVEYORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2025







DIRECTORS: M Abbott
Mrs G L Abbott





REGISTERED OFFICE: 19 Bowmans Close
Steyning
West Sussex
BN44 3SR





REGISTERED NUMBER: 08415161 (England and Wales)






ABBOTT SURVEYORS LIMITED (REGISTERED NUMBER: 08415161)

BALANCE SHEET
28TH FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 48,641 71,608

CURRENT ASSETS
Debtors 5 50,964 26,612
Cash at bank 115,454 108,475
166,418 135,087
CREDITORS
Amounts falling due within one year 6 74,943 65,937
NET CURRENT ASSETS 91,475 69,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,116

140,758

CREDITORS
Amounts falling due after more than one
year

7

41,407

49,856
NET ASSETS 98,709 90,902

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98,609 90,802
SHAREHOLDERS' FUNDS 98,709 90,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

ABBOTT SURVEYORS LIMITED (REGISTERED NUMBER: 08415161)

BALANCE SHEET - continued
28TH FEBRUARY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th May 2025 and were signed on its behalf by:




M Abbott - Director



Mrs G L Abbott - Director


ABBOTT SURVEYORS LIMITED (REGISTERED NUMBER: 08415161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. STATUTORY INFORMATION

Abbott Surveyors 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

ABBOTT SURVEYORS LIMITED (REGISTERED NUMBER: 08415161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2024 39,600 89,705 129,305
Disposals - (5,097 ) (5,097 )
At 28th February 2025 39,600 84,608 124,208
DEPRECIATION
At 1st March 2024 35,640 22,057 57,697
Charge for year 3,960 19,007 22,967
Eliminated on disposal - (5,097 ) (5,097 )
At 28th February 2025 39,600 35,967 75,567
NET BOOK VALUE
At 28th February 2025 - 48,641 48,641
At 29th February 2024 3,960 67,648 71,608

ABBOTT SURVEYORS LIMITED (REGISTERED NUMBER: 08415161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st March 2024
and 28th February 2025 74,555
DEPRECIATION
At 1st March 2024 7,766
Charge for year 18,639
At 28th February 2025 26,405
NET BOOK VALUE
At 28th February 2025 48,150
At 29th February 2024 66,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 49,846 19,691
Other debtors 1,118 6,921
50,964 26,612

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 8,449 8,449
Trade creditors 6,295 2,046
Taxation and social security 48,999 32,843
Other creditors 11,200 22,599
74,943 65,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 41,407 49,856