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Registration number: 01098857

Abbey Stationers Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Abbey Stationers Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Abbey Stationers Limited

Company Information

Directors | Mr Colin Andrew Burroughes Mr Andrew Edward Collie

Registered office | 28 Peartree Farm Peartree Lane Welwyn Garden City Hertfordshire AL7 3UW

Accountants | RS Partnership Ltd Chartered Certified Accountants10 Prospect Place Welwyn Hertfordshire AL6 9EW

Abbey Stationers Limited

(Registration number: 01098857)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 30,362 | 28,452
Investment property | 5 | 96,320 | 96,320
|  | 126,682 | 124,772
Current assets |  |  |
Stocks | 6 | 1,000 | 1,000
Debtors | 7 | 70,491 | 119,003
Cash at bank and in hand |  | 37,867 | 27,846
|  | 109,358 | 147,849
Creditors: Amounts falling due within one year | 8 | (149,629) | (111,066)
Net current (liabilities)/assets |  | (40,271) | 36,783
Total assets less current liabilities |  | 86,411 | 161,555
Creditors: Amounts falling due after more than one year | 8 | (70,043) | (83,215)
Provisions for liabilities |  | (7,591) | (7,113)
Net assets |  | 8,777 | 71,227
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 8,677 | 71,127
Shareholders' funds |  | 8,777 | 71,227

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Abbey Stationers Limited

(Registration number: 01098857)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 3 September 2025 and signed on its behalf by:

......................................... Mr Andrew Edward Collie Director

Abbey Stationers Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
28 Peartree Farm
Peartree Lane
Welwyn Garden City
Hertfordshire
AL7 3UW
UK

The principal place of business is:
28 Peartree Farm
Peartree Lane
Welwyn Garden City
Hertfordshire
AL7 3UW
UK

These financial statements were authorised for issue by the Board on 3 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Abbey Stationers Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% Reducing balance
Motor vehicles | 25% Reducing balance
Other property, plant and equipment | 20% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Abbey Stationers Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Abbey Stationers Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other property, plant and equipment £ | Total £
Cost or valuation
At 1 March 2024 | 1,248 | 35,700 | 2,350 | 39,298
Additions | - | - | 9,605 | 9,605
At 28 February 2025 | 1,248 | 35,700 | 11,955 | 48,903
Depreciation
At 1 March 2024 | 754 | 8,925 | 1,167 | 10,846
Charge for the year | 124 | 6,694 | 877 | 7,695
At 28 February 2025 | 878 | 15,619 | 2,044 | 18,541
Carrying amount
At 28 February 2025 | 370 | 20,081 | 9,911 | 30,362
At 29 February 2024 | 494 | 26,775 | 1,183 | 28,452

5 | Investment properties

| 2025 £
At 1 March | 96,320
At 28 February | 96,320

There has been no valuation of investment property by an independent valuer.

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 1,000 | 1,000

7 | Debtors

Abbey Stationers Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 2025 £ | 2024 £
Trade debtors | 37,318 | 73,188
Prepayments | 1,038 | -
Other debtors | 4,416 | -
Directors Loan Account | 27,719 | 45,815
| 70,491 | 119,003

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 10 | 18,842 | 18,824
Trade creditors |  | 61,332 | 55,149
Taxation and social security |  | - | 1,844
Accruals and deferred income |  | 1,815 | 1,884
Corporation tax |  | 35,701 | 31,286
Hire Purchase under 1 year |  | 6,375 | 2,079
Directors Loan Account |  | 25,564 | -
|  | 149,629 | 111,066

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £12,960 (2024 - £12,960).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 45,892 | 61,020
Hire Purchase over 1 year |  | 24,151 | 22,195
|  | 70,043 | 83,215

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £19,912 (2024 - £30,138).

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

Abbey Stationers Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 45,892 | 61,020
Finance lease liabilities | 24,151 | 22,195
| 70,043 | 83,215

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 18,842 | 18,824
Hire purchase contracts | 6,375 | 2,079
| 25,217 | 20,903