Company Registration No. 09181162 (England and Wales)
Abbey Energy Limited
Financial statements
for the year ended 31 August 2025
Pages for filing with the registrar
Abbey Energy Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
Abbey Energy Limited
Statement of financial position
As at 31 August 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
919,428
917,246
Current assets
Stocks
86,539
13,050
Debtors
4
265,913
557,899
Cash at bank and in hand
12,307
87,221
364,759
658,170
Creditors: amounts falling due within one year
5
(1,518,517)
(1,874,915)
Net current liabilities
(1,153,758)
(1,216,745)
Total assets less current liabilities
(234,330)
(299,499)
Creditors: amounts falling due after more than one year
6
(113,071)
(68,738)
Net liabilities
(347,401)
(368,237)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(347,402)
(368,238)
Total equity
(347,401)
(368,237)

The director of the company have elected not to include the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 14 April 2026 and are signed on its behalf by:
2026-04-17
James Corbett
Director
Company Registration No. 09181162
Abbey Energy Limited
Notes to the financial statements
For the year ended 31 August 2025
2
1
Accounting policies
Company information

Abbey Energy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Church Farm, Church Lane, Hatherton, Cannock, Staffordshire, WS11 1RR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is in a net liability position, in reviewing the budgets and forecasts, and taking into account the continuing support from connected parties, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Plant and machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Abbey Energy Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies (continued)
3
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Abbey Energy Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
1
Accounting policies (continued)
4
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

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

2025
2024
Number
Number
Total
2
2
Abbey Energy Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2024
1,902,380
Additions
246,200
At 31 August 2025
2,148,580
Depreciation and impairment
At 1 September 2024
985,134
Depreciation charged in the year
244,018
At 31 August 2025
1,229,152
Carrying amount
At 31 August 2025
919,428
At 31 August 2024
917,246
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
91,490
-
0
Other debtors
174,423
557,899
265,913
557,899
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
177,637
486
Other creditors
1,340,880
1,874,429
1,518,517
1,874,915
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
113,071
68,738
Abbey Energy Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
6
Creditors: amounts falling due after more than one year (continued)
6

Other creditors relates to hire purchase liabilities and theses are secured against the assets to which they relate.

7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Other matter

The financial statements for the year ended 31 August 2024 were not audited. Therefore, the corresponding figures are unaudited.

Senior Statutory Auditor:
David Sedgwick
Statutory Auditors:
Saffery LLP
Date of audit report:
14 April 2026
Abbey Energy Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
7
8
Related party transactions

There are connected parties by virtue of family members being directors or partners with this company. During the year the company made sales to related parties of £328,664 (2024: £532,250) and purchases from related parties of £510,071 (2024: £330,043). At the year end £153,953 was due from (2024 : £551,769) and £1,102,214 was due to (2024: £1,574,769) these entities.

9
Parent company

The ultimate controlling party is James Corbett by virtue of his shareholding.

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