ABODE CONSTRUCTION (OTLEY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Hawley

Mrs A Hawley

REGISTERED OFFICE:

103 Weston Lane

Otley

West Yorkshire

LS21 2DF

REGISTERED NUMBER:

11510417 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Suite 1.07

International Dev. Centre

Valley Road

Ilkley

West Yorkshire

LS29 8AL

FIXED ASSETS

Tangible assets

5

40,008

53,263

CURRENT ASSETS

Stocks

44,428

42,150

Debtors

6

16,689

7,036

Cash at bank

14,692

12,611

75,809

61,797

CREDITORS

Amounts falling due within one year

7

78,471

60,085

NET CURRENT (LIABILITIES)/ASSETS

(2,662

)

1,712

TOTAL ASSETS LESS CURRENT LIABILITIES

37,346

54,975

CREDITORS

Amounts falling due after more than one year

8

(29,470

)

(44,298

)

PROVISIONS FOR LIABILITIES

9

(7,859

)

(9,875

)

NET ASSETS

17

802

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

7

792

SHAREHOLDERS' FUNDS

17

802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

T Hawley - Director

1.	STATUTORY INFORMATION

Abode Construction (Otley) 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.

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

4,350

99,503

550

104,403

DEPRECIATION

At 1 September 2024

3,060

47,580

500

51,140

Charge for year

258

12,980

17

13,255

At 31 August 2025

3,318

60,560

517

64,395

NET BOOK VALUE

At 31 August 2025

1,032

38,943

33

40,008

At 31 August 2024

1,290

51,923

50

53,263

The net book value of tangible fixed assets includes £ 35,273 (2024 - £ 47,030 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

8,504

7,036

Other debtors

276

-

Directors' current accounts

7,909

-

16,689

7,036

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

3,543

5,143

Trade creditors

25,668

3,612

Tax

17,885

19,582

Social security and other taxes

-

119

VAT

19,495

19,479

Directors' current accounts

-

360

Accrued expenses

1,880

1,790

78,471

60,085

Loans from directors are interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

833

10,000

Bank loans - 2-5 years

-

834

Hire purchase contracts

28,637

33,464

29,470

44,298

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

7,859

9,875

Deferred

tax

£

Balance at 1 September 2024

9,875

Accelerated capital allowances

(2,016

)

Balance at 31 August 2025

7,859

The entire provision for deferred tax relates to accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

10

Ordinary

£1.00

10

10

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

T Hawley and Mrs A Hawley

Balance outstanding at start of year

(360

)

(108

)

Amounts advanced

63,733

67,560

Amounts repaid

(55,464

)

(67,812

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,909

(360

)