Company Registration No. 13961081 (England and Wales)
Abbott & Slippens Limited
Unaudited accounts
for the year ended 31 March 2025
Abbott & Slippens Limited
Company Information
for the year ended 31 March 2025
Directors
Alexander George Slippens
Maxine Denise Jean Abbott
Company Number
13961081 (England and Wales)
Registered Office
Flat 5 Old Church Place
Clarges Street
Nottingham
NG6 9JF
England
Abbott & Slippens Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,008
3,558
Cash at bank and in hand
1,899
30,318
Creditors: amounts falling due within one year
(3,579)
(7,761)
Net current assets
6,619
27,219
Total assets less current liabilities
8,627
31,127
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
8,625
30,417
Shareholders' funds
8,627
30,419
For the year 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Alexander George Slippens
Director
Company Registration No. 13961081
Abbott & Slippens Limited
Notes to the Accounts
for the year ended 31 March 2025
Abbott & Slippens Limited is a private company, limited by shares, registered in England and Wales, registration number 13961081. The registered office is Flat 5 Old Church Place, Clarges Street, Nottingham, NG6 9JF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The company has adopted the going concern basis of accounting in the preparation of these financial statements.
Revenue, described as turnover, is the value of work performed during the year with respect to services, plus goods provided to customers during the year, net of VAT and discounts.
Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Transactions denominated in foreign currencies (primarily purchases from overseas suppliers) are initially recorded at the rate of exchange as at the date of the transaction. Year end assets and liabilities are retranslated at the rate of exchange as at the year end with exchange differences included in arriving at profit before tax.
Expenditure on research and development is written off in the year in which it is incurred.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment
25% per annum straight line
Intangible assets are amortised on a straight line basis over the estimated useful economic life of 5 years.
Abbott & Slippens Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax has been provided in full in respect of taxation deferred by timing differences (including fair value adjustments) between the treatment of certain items for taxation and accounting purposes except that a deferred tax asset is only recognised to the extent that it is recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Abbott & Slippens Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
546
7,761
Loans from directors
2,273
-
8
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,600
-
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).