Malcolm Abbs Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08574199

Malcolm Abbs Limited

Unaudited financial statements

31 July 2025

Malcolm Abbs Limited

Statement of financial position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		304,615		211,650

Current assets

Debtors	7	503,331	265,648
Cash at bank and in hand		186,812	107,805
		---------	---------
		690,143	373,453

Creditors: Amounts falling due within one year	8	( 408,980)		( 206,656)
		---------		---------
Net current assets			281,163		166,797
			---------		---------
Total assets less current liabilities			585,778		378,447

Creditors: Amounts falling due after more than one year	9		( 68,946)		( 71,015)

Provisions

Taxation including deferred tax	( 70,260)	( 46,653)
	---------	---------
Net assets	446,572	260,779
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	446,571	260,778
	---------	---------
Shareholder funds	446,572	260,779
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Malcolm Abbs Limited

Statement of financial position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

M R Abbs
Director

Company registration number: 08574199

Malcolm Abbs Limited

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The company's trading address is Builders Yard, Hastings Lane, Sheringham, NR26 8DP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	33% straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of employees during the year was 16 (2024: 16 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	80,000
	-------
Amortisation
At 1 August 2024 and 31 July 2025	80,000
	-------
Carrying amount
At 31 July 2025	–
	-------
At 31 July 2024	–
	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 August 2024	174,681	187,210	5,480	367,371
Additions	93,460	68,085	1,290	162,835
Disposals	( 1,065)	–	–	( 1,065)
	---------	---------	------	---------
At 31 July 2025	267,076	255,295	6,770	529,141
	---------	---------	------	---------
Depreciation
At 1 August 2024	84,532	67,145	4,044	155,721
Charge for the year	30,591	37,073	1,185	68,849
Disposals	( 44)	–	–	( 44)
	---------	---------	------	---------
At 31 July 2025	115,079	104,218	5,229	224,526
	---------	---------	------	---------
Carrying amount
At 31 July 2025	151,997	151,077	1,541	304,615
	---------	---------	------	---------
At 31 July 2024	90,149	120,065	1,436	211,650
	---------	---------	------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	397,024	194,948
Other debtors	106,307	70,700
	---------	---------
	503,331	265,648
	---------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	181,498	66,083
Amounts owed to group undertakings and undertakings in which the company has a participating interest	51,620	24,384
Social security and other taxes	125,575	63,937
Other creditors	50,287	52,252
	---------	---------
	408,980	206,656
	---------	---------

Included within other creditors due within one year is a balance of £43,269 (2024: £44,029) secured against assets to which they relate.

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	68,946	71,015
	-------	-------

Included within other creditors due after one year is a balance of £68,946 (2024: £71,015) secured against assets to which they relate.

10. Director's advances, credits and guarantees

Included within debtors at the year end is a directors loan account of £53,249 (2024: £1,133). Interest of £950 was charged at the official rate.