REGISTERED NUMBER: 00930508 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

S.T.ABBOTT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A T Abbott

Mrs L J Abbott

P S Abbott

P J Hughes

M K Hughes

D M Jarman

SECRETARY:

P S Abbott

REGISTERED OFFICE:

Broadlands

Blean

Canterbury

Kent

CT2 9JJ

REGISTERED NUMBER:

00930508 (England and Wales)

AUDITORS:

Spain Brothers & Co

Chartered Accountants and Statutory Auditors

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

FIXED ASSETS

Tangible assets

5

283,252

241,826

Investments

6

2

2

Investment property

7

843,344

733,344

1,126,598

975,172

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

2,485,534

1,953,406

Cash at bank and in hand

910,116

1,297,384

3,405,650

3,260,790

CREDITORS

Amounts falling due within one year

3,246,890

3,020,827

NET CURRENT ASSETS

158,760

239,963

TOTAL ASSETS LESS CURRENT LIABILITIES

1,285,358

1,215,135

PROVISIONS FOR LIABILITIES

85,372

44,803

NET ASSETS

1,199,986

1,170,332

CAPITAL AND RESERVES

Called up share capital

8

50,100

50,100

Revaluation reserve

9

71,840

71,840

Retained earnings

9

1,078,046

1,048,392

SHAREHOLDERS' FUNDS

1,199,986

1,170,332

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 19th December 2025 and were signed on its behalf by:

P S Abbott - Director

1.	STATUTORY INFORMATION

S.T.Abbott 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a construction contract can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the surveyors valuation.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recovered.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

6.67% on cost

Plant and machinery

-

50% on cost, 25% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks and amounts recoverable on contracts

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Amounts recoverable on contracts is stated at the lower of cost plus attributable overheads, and estimated selling price less costs to complete and sell, less progress payments made.

Cost is defined as the actual cost of raw materials and an appropriate proportion of labour and overheads in the case of amounts recoverable on contracts.

The net realisable value of long-term contracts (those extending over more than one year or of material significance) has incorporated estimated costs to completion. A prudent level of profit attributable to the contract activity is taken up only if the outcome of such contracts can be reliably assessed. Full provision is always made for any losses in the year in which they are first foreseen. The amount by which turnover exceeds payments on account is shown under debtors.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

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.

Other operating income

The company receives rental income from letting properties. This income is shown under other operating income, and is credited to the profit and loss account as it falls due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 26 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

708,288

Additions

99,577

Disposals

(45,147

)

At 31st March 2025

762,718

DEPRECIATION

At 1st April 2024

466,462

Charge for year

53,071

Eliminated on disposal

(40,067

)

At 31st March 2025

479,466

NET BOOK VALUE

At 31st March 2025

283,252

At 31st March 2024

241,826

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st April 2024

and 31st March 2025

2

NET BOOK VALUE

At 31st March 2025

2

At 31st March 2024

2

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

733,344

Additions

110,000

At 31st March 2025

843,344

NET BOOK VALUE

At 31st March 2025

843,344

At 31st March 2024

733,344

Fair value at 31st March 2025 is represented by:

£

Valuation in 2018

20,000

Valuation in 2021

53,173

Cost

770,171

843,344

The investment property was valued at the year end by the directors, using open market value based on market conditions at that date.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50,000

A Ordinary

£1

50,000

50,000

100

B Ordinary Non-Voting

£1

100

100

50,100

50,100

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st April 2024

1,048,392

71,840

1,120,232

Profit for the year

114,107

-

114,107

Dividends

(84,453

)

-

(84,453

)

At 31st March 2025

1,078,046

71,840

1,149,886

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Flood BFP FCA (Senior Statutory Auditor)

for and on behalf of Spain Brothers & Co

11.	RELATED PARTY DISCLOSURES

During the year the Company paid rent of £40,000 (2024 £40,000) for use of property which is owned by P S Abbott.

At the balance sheet date, RAW Real Estates, a business in which A T Abbott and P S Abbott are partners, owed the Company £3,464 (2024 £5,964), of which £3,464 (2024 £3,464) is provided for as a bad debt.

During the year the Company provided goods and services totalling £nil (2024 £13,018) to Artisan Properties, a business in which A T Abbott is a partner.

During the year the Company paid rent of £12,000 (2024 £12,000) for use of property to Artisan Properties.

At the balance sheet date, Artisan Properties owed the Company £113,050 (2024 £135,933), of which £40,198 (2024 £40,198) is provided for as a bad debt.

At the balance sheet date, Panorama Properties, a business in which A T Abbott is a partner, owed S T Abbott Limited £4,164 (2024 £4,164), of which £4,164 (2024 £4,164) is provided for as a bad debt.

At the balance sheet date, Pineglade Developments Limited, a Company in which A T Abbott is a Director, owed S T Abbott Limited £16,000 (2024 £16,000).

At the balance sheet date, The Local Pub Company (Chartham) Limited, a Company in which P S Abbott and A T Abbott are Directors, owed the Company £nil (2024 £6,544).

At the balance sheet date, Abbott Roberts Properties, a business in which P S Abbott is a partner, owed the Company £49,560 (2024 £47,484).

At the balance sheet date, Joy Roberts & Lynda Abbott Properties, a business in which Mrs L J Abbott is a partner, owed S T Abbott Limited £46,980 (2024 £46,980).

During the year the Company provided goods and services totalling £3,928 (2024 £nil) to Cityscape, a Company in which P S Abbott is a Director.

At the balance sheet date, Cityscape owed the Company £nil (2024 £nil).

During the year the company provided goods and services totalling £nil (2024 £228) to Townscape a company in which P S Abbott is a Director.

At the balance sheet date, Townscape owed the company £nil (2024 £nil).

12.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities, to assist with the preparation of the financial statements and to provide tax advice.