IRIS Accounts Production v25.1.4.42 03291183 director 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032911832024-01-31032911832025-01-31032911832024-02-012025-01-31032911832023-01-31032911832023-02-012024-01-31032911832024-01-3103291183ns15:EnglandWales2024-02-012025-01-3103291183ns14:PoundSterling2024-02-012025-01-3103291183ns10:Director12024-02-012025-01-3103291183ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3103291183ns10:SmallEntities2024-02-012025-01-3103291183ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3103291183ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3103291183ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3103291183ns10:FullAccounts2024-02-012025-01-3103291183ns10:OrdinaryShareClass12024-02-012025-01-3103291183ns10:RegisteredOffice2024-02-012025-01-3103291183ns5:CurrentFinancialInstruments2025-01-3103291183ns5:CurrentFinancialInstruments2024-01-3103291183ns5:ShareCapital2025-01-3103291183ns5:ShareCapital2024-01-3103291183ns5:RetainedEarningsAccumulatedLosses2025-01-3103291183ns5:RetainedEarningsAccumulatedLosses2024-01-3103291183ns5:FurnitureFittings2024-02-012025-01-3103291183ns5:ComputerEquipment2024-02-012025-01-3103291183ns5:FurnitureFittings2024-01-3103291183ns5:ComputerEquipment2024-01-3103291183ns5:FurnitureFittings2025-01-3103291183ns5:ComputerEquipment2025-01-3103291183ns5:FurnitureFittings2024-01-3103291183ns5:ComputerEquipment2024-01-3103291183ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3103291183ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3103291183ns5:DeferredTaxation2024-01-3103291183ns5:DeferredTaxation2024-02-012025-01-3103291183ns5:DeferredTaxation2025-01-3103291183ns10:OrdinaryShareClass12025-01-31
REGISTERED NUMBER: 03291183 (England and Wales)















Abbeystreet Limited

Unaudited Financial Statements for the Year Ended 31 January 2025






Abbeystreet Limited (Registered number: 03291183)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Abbeystreet Limited

Company Information
for the Year Ended 31 January 2025







Director: Mr R J Dobbs





Registered office: Brynhyfryd
Crescent Road
Caerphilly
SOUTH WALES
CF83 1AB





Registered number: 03291183 (England and Wales)





Accountants: Menzies LLP
5th Floor Hodge House
114-116 St Mary Street
Cardiff
CF10 1DY

Abbeystreet Limited (Registered number: 03291183)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
Fixed assets
Property, plant and equipment 4 2,583 3,015

Current assets
Debtors 5 29,378 32,313
Cash at bank 36,336 61,947
65,714 94,260
Creditors
Amounts falling due within one year 6 (14,583 ) (23,921 )
Net current assets 51,131 70,339
Total assets less current liabilities 53,714 73,354

Provisions for liabilities 7 (491 ) (482 )
Net assets 53,223 72,872

Capital and reserves
Called up share capital 8 100 100
Retained earnings 53,123 72,772
Shareholders' funds 53,223 72,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 balance sheet approved by the director and authorised for issue on 5 August 2025 and were signed by:





Mr R J Dobbs - Director


Abbeystreet Limited (Registered number: 03291183)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. Statutory information

Abbeystreet 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 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
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Abbeystreet Limited (Registered number: 03291183)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4. Property, plant and equipment
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 February 2024
and 31 January 2025 1,921 8,402 10,323
Depreciation
At 1 February 2024 1,489 5,819 7,308
Charge for year 44 388 432
At 31 January 2025 1,533 6,207 7,740
Net book value
At 31 January 2025 388 2,195 2,583
At 31 January 2024 432 2,583 3,015

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 13,867 14,405
Amounts recoverable on contract - 1,656
Other debtors 1,142 -
Directors' current accounts 13,989 16,153
Prepayments 380 99
29,378 32,313

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Tax 240 7,012
Social security and other taxes 490 570
VAT 11,658 12,886
Accrued expenses 2,195 3,453
14,583 23,921

7. Provisions for liabilities
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 491 482

Deferred
tax
£   
Balance at 1 February 2024 482
Charge to Income Statement during year 9
Balance at 31 January 2025 491

Abbeystreet Limited (Registered number: 03291183)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. Ultimate controlling party

The controlling party is Mr R J Dobbs.