Albert Abbott Limited - Filleted accounts

Registered number

05045022

Albert Abbott Limited

Filleted Accounts

28 February 2026

Albert Abbott Limited
Registered number:		05045022
Balance Sheet
as at 28 February 2026

	Notes		2026		2025
			£		£
Fixed assets
Tangible assets	3		143,667		105,751

Current assets
Stocks		72,926		150,265
Debtors	4	3,592,754		3,126,247
Cash at bank and in hand		12,994		11,522
		3,678,674		3,288,034

Creditors: amounts falling due within one year	5	(3,359,822)		(2,944,801)

Net current assets			318,852		343,233

Total assets less current liabilities			462,519		448,984

Creditors: amounts falling due after more than one year	6		(9,968)		(17,281)

Provisions for liabilities			(20,298)		(21,105)


Net assets			432,253		410,598

Capital and reserves
Called up share capital			2,000		2,000
Profit and loss account			430,253		408,598

Shareholders' funds			432,253		410,598

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Rowbottom
Director
Approved by the board on 22 July 2026

Albert Abbott Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery etc	15% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026	2025
			Number	Number

	Average number of persons employed by the company		2	2


3	Tangible fixed assets
		Plant and machinery etc	Motor vehicles	Total
		£	£	£
	Cost
	At 1 March 2025	189,108	3,300	192,408
	Additions	34,256	39,185	73,441
	Disposals	(16,000)	(3,300)	(19,300)
	At 28 February 2026	207,364	39,185	246,549

	Depreciation
	At 1 March 2025	85,213	1,444	86,657
	Charge for the year	20,167	9,796	29,963
	On disposals	(12,294)	(1,444)	(13,738)
	At 28 February 2026	93,086	9,796	102,882

	Net book value
	At 28 February 2026	114,278	29,389	143,667
	At 28 February 2025	103,895	1,856	105,751


4	Debtors		2026	2025
			£	£

	Trade debtors		3,564,006	3,081,816
	Other debtors		28,748	44,431
			3,592,754	3,126,247


5	Creditors: amounts falling due within one year		2026	2025
			£	£

	Bank loans and overdrafts		110,156	155,905
	Obligations under finance lease and hire purchase contracts		22,728	20,429
	Trade creditors		3,197,442	2,738,454
	Taxation and social security costs		11,098	15,964
	Other creditors		18,398	14,049
			3,359,822	2,944,801

	Bank loans and overdrafts National Westminster Bank plc holds a debenture granted by Albert Abbott Limited to secure the bank overdraft facility. Obligations under finance lease and hire purchase contracts The finance agreements are secured against the goods to which they relate.

6	Creditors: amounts falling due after one year		2026	2025
			£	£

	Bank loans		-	3,531
	Obligations under finance lease and hire purchase contracts		9,968	13,750
			9,968	17,281

	Obligations under finance lease and hire purchase contracts The finance agreements are secured against the goods to which they relate.

7	Other financial commitments		2026	2025
			£	£

	Total future minimum payments under non-cancellable operating leases		1,797	3,807


8	Related party transactions

	Bank loans and overdrafts National Westminster Bank plc holds a personal guarantee granted by the director who is liable for the obligations of Albert Abbott Limited up to a limit of £410,000.


9	Other information

	Albert Abbott Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Orchard View, Booths Hall Farm
	Ipstones
	Stoke-on-Trent
	Staffordshire
	ST10 2JP