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Company registration number: SC409284
Abdie Solutions Limited
Unaudited filleted financial statements
31 March 2025
Abdie Solutions Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Abdie Solutions Limited
Directors and other information
Directors
Stewart Todd
Kenneth Foggo
Company number SC409284
Registered office Unit 4
Lawgrove Place
Inveralmond Industrial Estate
Perth
PH1 3XQ
Business address Unit 4
Lawgrove Place
Inveralmond Industrial Estate
Perth
PH1 3XQ
Accountants Barrie Scott & Co.
16 - 18 Weir Street
Falikirk
FK1 1RA
Abdie Solutions Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Abdie Solutions Limited
Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abdie Solutions Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation -of-accounts-revised-june-2020.
This report is made solely to the board of directors of Abdie Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Abdie Solutions Limited and state those matters that we have agreed to state to the board of directors of Abdie Solutions Limited as a body, in this report in accordance with the requirements of ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the- preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abdie Solutions Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Abdie Solutions 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 Abdie Solutions Limited. You consider that Abdie Solutions 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 Abdie Solutions 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.
Barrie Scott & Co.
Accountants & Tax Advisers
16 - 18 Weir Street
Falikirk
FK1 1RA
24 July 2025
Abdie Solutions Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 214,762 92,347
_______ _______
214,762 92,347
Current assets
Stocks 72,480 62,832
Debtors 6 286,113 177,071
Cash at bank and in hand 14,532 25,855
_______ _______
373,125 265,758
Creditors: amounts falling due
within one year 7 ( 323,478) ( 261,143)
_______ _______
Net current assets 49,647 4,615
_______ _______
Total assets less current liabilities 264,409 96,962
Creditors: amounts falling due
after more than one year 8 ( 61,647) ( 44,690)
Provisions for liabilities ( 37,837) ( 18,435)
_______ _______
Net assets 164,925 33,837
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 164,924 33,836
_______ _______
Shareholders funds 164,925 33,837
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 June 2025 , and are signed on behalf of the board by:
Stewart Todd
Director
Company registration number: SC409284
Abdie Solutions Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 4, Lawgrove Place, Inveralmond Industrial Estate, Perth, PH1 3XQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 5 % straight line
Long leasehold property - 10 % straight line
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25%/33% straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Staff costs
The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).
The aggregate payroll costs incurred during the year were:
2025 2024
£ £
Wages and salaries 324,772 190,632
Social security costs 31,678 14,326
Other pension costs 22,844 18,187
_______ _______
379,294 223,145
_______ _______
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 April 2024 29,845 35,518 18,610 89,536 173,509
Additions 54,455 31,470 25,517 85,624 197,066
Disposals ( 20,055) - ( 3,565) - ( 23,620)
_______ _______ _______ _______ _______
At 31 March 2025 64,245 66,988 40,562 175,160 346,955
_______ _______ _______ _______ _______
Depreciation
At 1 April 2024 11,238 14,830 8,928 46,167 81,163
Charge for the year 7,940 13,692 8,368 32,248 62,248
Disposals ( 7,653) - ( 3,565) - ( 11,218)
_______ _______ _______ _______ _______
At 31 March 2025 11,525 28,522 13,731 78,415 132,193
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2025 52,720 38,466 26,831 96,745 214,762
_______ _______ _______ _______ _______
At 31 March 2024 18,607 20,688 9,682 43,369 92,346
_______ _______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 243,354 157,331
Other debtors 42,759 19,740
_______ _______
286,113 177,071
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 10,000 33,257
Trade creditors 186,198 158,107
Corporation tax 37,383 17,163
Social security and other taxes 30,037 21,226
Other creditors 59,860 31,390
_______ _______
323,478 261,143
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 61,647 44,690
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
- - - -
Stewart Todd ( 9,084) 45,610 ( 36,550) ( 24)
Kenneth Foggo 1,929 - ( 9,354) ( 7,425)
_______ _______ _______ _______
( 7,155) 45,610 ( 45,904) ( 7,449)
_______ _______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
6,350 - ( 6,350) -
Stewart Todd (463) 71,812 (80,433) ( 9,084)
Kenneth Foggo 6,000 14,979 ( 19,050) 1,929
_______ _______ _______ _______
11,887 86,791 ( 105,833) ( 7,155)
_______ _______ _______ _______