Abbotts (S.W.) Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—7

Registered number: 04678740

		31 March 2025		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		165,208
Tangible Assets	5		43,254		442,268
Investments	6		-		1,000

			43,254		608,476
CURRENT ASSETS
Stocks		-		106,174
Debtors		98,258		114,834
Cash at bank and in hand		23		509

		98,281		221,517
Creditors: Amounts Falling Due Within One Year		(309,557 )		(492,233 )

NET CURRENT ASSETS (LIABILITIES)			(211,276 )		(270,716 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(168,022 )		337,760

Creditors: Amounts Falling Due After More Than One Year			(45,256 )		(195,117 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(73,796 )

NET (LIABILITIES)/ASSETS			(213,278 )		68,847

CAPITAL AND RESERVES
Called up share capital	10		200		200
Revaluation reserve	12		-		50,723
Profit and Loss Account			(213,478 )		17,924

SHAREHOLDERS' FUNDS			(213,278)		68,847

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Abbotts (S.W.) Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the period ending 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr R J Abbott

Director

31st October 2025

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Abbotts (S.W.) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04678740 . The registered office is Unit 17 Barncoose Industrial Estate, Barncoose, Redruth, TR15 3RQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

Due to the continued support of the group companies the accounts have been prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of twenty years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are computer software. It is amortised to the profit and loss account over its estimated economic life of five years.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% on cost
Tools & Equipment	5% on cost
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	20% on cost

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Abbotts (S.W.) Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 13 (2023: 20)

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2024	332,522
Disposals	(332,522 )

As at 31 March 2025	-

Amortisation
As at 1 January 2024	167,314
Disposals	(167,314 )

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	-

As at 1 January 2024	165,208

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Abbotts (S.W.) Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	923,850
Disposals	(833,026 )

As at 31 March 2025	90,824

Depreciation
As at 1 January 2024	481,582
Provided during the period	15,713
Disposals	(449,725 )

As at 31 March 2025	47,570

Net Book Value
As at 31 March 2025	43,254

As at 1 January 2024	442,268

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	31 March 2025	31 December 2023
	£	£
Fixtures & Fittings	17,637	7,053
Motor Vehicles	25,617	44,662

	43,254	51,715

6. Investments

	Total
	£
Cost or Valuation
As at 1 January 2024	1,000
Disposals	(1,000 )

As at 31 March 2025	-

Provision
As at 1 January 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	-

As at 1 January 2024	1,000

The fixed asset investment relates to an investment in Caterbar Limited (Company number: 11242864).

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Abbotts (S.W.) Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

7. Secured Creditors

Of the creditors the following amounts are secured.

	31 March 2025	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	36,801	92,788
Bank loans and overdrafts	119,928	258,274

8. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 December 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	21,071	40,686
Later than one year and not later than five years	15,730	52,102

	36,801	92,788

	36,801	92,788

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	73,796	73,796
Accelerated capital allowances	(73,796 )	(73,796 )

10. Share Capital

	31 March 2025	31 December 2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100
52 Ordinary A shares of £ 1.00 each	52	52
48 Ordinary B shares of £ 1.00 each	48	48

	200	200

11. Other Commitments

The total amount of financial commitments not included in the balance sheet is £37,250 (2023: £109,200). This amount relates to the lease of business premises which is due to expire 30 September 2025.

	31 March 2025	31 December 2023
	£	£
Not later than one year	37,250	62,400
Later than one year and not later than five years	-	46,800

	37,250	109,200

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Abbotts (S.W.) Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

12. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	50,723
Transfer to profit and loss	(50,723 )

As at 31 March 2025	-

13. Exceptional Items

During the year the company's trade, assets and liabilities were transferred to the group company, Abbotts Event Hire Ltd. As part of this transfer the intra-group loan amounting to £405,018 was written off.

14. Ultimate Controlling Party

The ultimate controlling party is S & R Abbott Holdings Ltd (Company number: 06606530).

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