REGISTERED NUMBER: 02441095 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

A.B.I. Garage Doors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S L Pierce

Mrs C M Pierce

SECRETARY:

Mrs C M Pierce

REGISTERED OFFICE:

159-163 Buslingthorpe Lane

Off Meanwood Road

Leeds

West Yorkshire

LS7 2DQ

REGISTERED NUMBER:

02441095 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

517,732

549,350

CURRENT ASSETS

Stocks

5

94,868

62,868

Debtors

6

322,092

361,146

Cash at bank and in hand

45,575

44,656

462,535

468,670

CREDITORS

Amounts falling due within one year

7

440,745

394,041

NET CURRENT ASSETS

21,790

74,629

TOTAL ASSETS LESS CURRENT LIABILITIES

539,522

623,979

CREDITORS

Amounts falling due after more than one year

8

(175,519

)

(206,288

)

PROVISIONS FOR LIABILITIES

(27,145

)

(25,230

)

NET ASSETS

336,858

392,461

CAPITAL AND RESERVES

Called up share capital

105

105

Revaluation reserve

12

74,455

74,455

Retained earnings

262,298

317,901

SHAREHOLDERS' FUNDS

336,858

392,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 2 September 2025 and were signed on its behalf by:

Mr S L Pierce - Director

Mrs C M Pierce - Director

1.	STATUTORY INFORMATION

A.B.I. Garage Doors 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

475,600

53,223

31,084

Additions

-

6,392

2,336

At 30 April 2025

475,600

59,615

33,420

DEPRECIATION

At 1 May 2024

61,553

23,572

29,431

Charge for year

7,256

6,865

480

At 30 April 2025

68,809

30,437

29,911

NET BOOK VALUE

At 30 April 2025

406,791

29,178

3,509

At 30 April 2024

414,047

29,651

1,653

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

254,879

16,343

831,129

Additions

-

644

9,372

At 30 April 2025

254,879

16,987

840,501

DEPRECIATION

At 1 May 2024

152,098

15,125

281,779

Charge for year

25,700

689

40,990

At 30 April 2025

177,798

15,814

322,769

NET BOOK VALUE

At 30 April 2025

77,081

1,173

517,732

At 30 April 2024

102,781

1,218

549,350

Included within the net book value above is £61,221 (2024 - £85,896), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £20,408 (2024 - £28,633).

5.

STOCKS

30.4.25

30.4.24

£

£

Stocks

94,868

62,868

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

193,067

233,179

Other debtors

129,025

127,967

322,092

361,146

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts (see note 9)

55,170

9,352

Hire purchase contracts (see note 10)

21,417

24,466

Trade creditors

303,832

298,420

Taxation and social security

49,512

52,238

Other creditors

10,814

9,565

440,745

394,041

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans (see note 9)

148,327

157,679

Hire purchase contracts (see note 10)

27,192

48,609

175,519

206,288

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

45,818

-

Bank loans

9,352

9,352

55,170

9,352

30.4.25

30.4.24

£

£

Amounts falling due between two and five years:

Bank loans - 1-5 years

148,327

157,679

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Net obligations repayable:

Within one year

21,417

24,466

Between one and five years

27,192

48,609

48,609

73,075

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

10,890

19,973

Between one and five years

8,641

6,894

19,531

26,867

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

48,609

73,075

12.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

74,455

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

Director 1

Balance outstanding at start of year

14,192

16,057

Amounts advanced

13,117

14,442

Amounts repaid

(18,067

)

(16,307

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,242

14,192

Director 2

Balance outstanding at start of year

18,406

20,626

Amounts advanced

13,564

19,418

Amounts repaid

(18,941

)

(21,638

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,029

18,406

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S L Pierce.