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Registered number: 08219824
Abate (Kent) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
THE BUBB SHERWIN PARTNERSHIP LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08219824
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,157 23,416
Tangible Assets 5 174,469 89,754
200,626 113,170
CURRENT ASSETS
Stocks 6 20,000 20,000
Debtors 7 425,117 127,215
Cash at bank and in hand 318,674 533,078
763,791 680,293
Creditors: Amounts Falling Due Within One Year 8 (88,883 ) (109,172 )
NET CURRENT ASSETS (LIABILITIES) 674,908 571,121
TOTAL ASSETS LESS CURRENT LIABILITIES 875,534 684,291
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,542 ) (17,053 )
NET ASSETS 848,992 667,238
CAPITAL AND RESERVES
Capital redemption reserve 1 1
Profit and Loss Account 848,991 667,237
SHAREHOLDERS' FUNDS 848,992 667,238
Page 1
Page 2
For the year ending 30 April 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.
On behalf of the board
Ms Kylie Relf
Director
Ms Samantha Relf
Director
07/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Abate (Kent) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08219824 . The registered office is 100 High Street, Whitstable, Kent, CT5 1AZ.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. 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:
Freehold 10% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Storage container 25% reducing balance
2.6. 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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2.7. 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 year, 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 year was: 3 (2024: 4)
3 4
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 May 2024 100,000 30,000 130,000
Additions - 5,080 5,080
As at 30 April 2025 100,000 35,080 135,080
Amortisation
As at 1 May 2024 100,000 6,584 106,584
Provided during the period - 2,339 2,339
As at 30 April 2025 100,000 8,923 108,923
Net Book Value
As at 30 April 2025 - 26,157 26,157
As at 1 May 2024 - 23,416 23,416
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2024 32,400 16,005 166,870 8,238
Additions - 638 141,725 -
As at 30 April 2025 32,400 16,643 308,595 8,238
Depreciation
As at 1 May 2024 16,200 9,579 100,599 7,381
Provided during the period 3,240 2,161 52,001 246
As at 30 April 2025 19,440 11,740 152,600 7,627
Net Book Value
As at 30 April 2025 12,960 4,903 155,995 611
As at 1 May 2024 16,200 6,426 66,271 857
Storage container Total
£ £
Cost
As at 1 May 2024 178 223,691
Additions - 142,363
As at 30 April 2025 178 366,054
Depreciation
As at 1 May 2024 178 133,937
Provided during the period - 57,648
As at 30 April 2025 178 191,585
Net Book Value
As at 30 April 2025 - 174,469
As at 1 May 2024 - 89,754
6. Stocks
2025 2024
£ £
Work in progress 20,000 20,000
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 116,420 116,341
Other debtors 7,610 10,874
Other taxes and social security 29,867 -
Directors' loan accounts 259,072 -
412,969 127,215
Due after more than one year
Amounts owed by other participating interests 12,148 -
425,117 127,215
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,738 818
Corporation tax 82,678 94,304
Other taxes and social security - 4,726
Other creditors 2,467 2,769
Directors' loan accounts - 6,555
88,883 109,172
9. Share Capital
2025 2024
£ £
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2024 Amounts advanced Amounts repaid Amounts written off As at 30 April 2025
£ £ £ £ £
Ms Kylie Relf (2,710 ) 156,992 - - 154,282
Ms Samantha Relf (3,845 ) 108,635 - - 104,790
The above loan is unsecured and repayable on demand.
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