Abbey Property Solutions Limited,Ltd - AccountsLtd - Accounts

Abbey Property Solutions Limited,Ltd - AccountsLtd - Accounts

ABBEY PROPERTY SOLUTIONS LIMITED - Company Information

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2019-04-01 04816322 2020-03-31 04816322 2019-04-01 2020-03-31 04816322 2019-03-31 04816322 2018-04-01 2019-03-31 04816322 uk-core:WithinOneYear 2019-03-31 04816322 uk-core:WithinOneYear 2020-03-31 04816322 uk-core:AfterOneYear 2019-03-31 04816322 uk-core:AfterOneYear 2020-03-31 04816322 uk-core:ShareCapital 2020-03-31 04816322 uk-core:ShareCapital 2019-03-31 04816322 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 04816322 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 04816322 uk-bus:Director1 2019-04-01 2020-03-31 04816322 uk-core:ComputerEquipment 2019-04-01 2020-03-31 04816322 uk-core:FurnitureFittings 2019-04-01 2020-03-31 04816322 uk-core:ComputerEquipment 2019-03-31 04816322 uk-core:FurnitureFittings 2019-03-31 04816322 uk-core:LandBuildings 2019-03-31 04816322 uk-core:LandBuildings 2019-04-01 2020-03-31 04816322 uk-core:LandBuildings 2020-03-31 04816322 uk-core:FurnitureFittings 2020-03-31 04816322 uk-core:ComputerEquipment 2020-03-31 04816322 uk-core:WithinOneYear uk-core:Secured 2020-03-31 04816322 uk-core:WithinOneYear uk-core:Secured 2019-03-31 iso4217:GBP xbrli:pure 04816322 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 04816322 uk-bus:FRS102 2019-04-01 2020-03-31 04816322 uk-bus:FullAccounts 2019-04-01 2020-03-31 04816322 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Abbey Property Solutions Limited
Registered Number:04816322
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2020
Abbey Property Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04816322
As at 31 March 2020
Abbey Property Solutions Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
262,894
264,897
2
262,894
264,897
Current assets
Trade and other receivables
27,045
29,627
3
850
Cash and cash equivalents
326
29,953
27,895
Trade and other payables: amounts falling due within one
year
(25,148)
(22,695)
4
2,747
7,258
Net current assets
Total assets less current liabilities
270,152
267,644
Trade and other payables: amounts falling due after more
than one year
(172,198)
(160,716)
5
(2,332)
(2,319)
Provisions for liabilities
107,104
Net assets
93,127
Capital and reserves
Called up share capital
100
100
Retained earnings
107,004
93,027
107,104
93,127
Shareholders' funds
For the year ended 31 March 2020 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Faruk Yakoob Patel Director
These financial statements were approved and authorised for issue by the Board on 31 December 2020 and were signed by:
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4
Registered Number :
04816322
For the year ended 31 March 2020
Abbey Property Solutions Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2020
Abbey Property Solutions Limited
Notes to the Financial Statements
Statutory Information
Abbey Property Solutions Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04816322.
Registered address:
1st Floor, Abbey House
270 - 272 Lever Street
Bolton
BL3 6PD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33 Straight line
Computer equipment
10 Straight line
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 March 2020
Abbey Property Solutions Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 April 2019
277,217
-
22,648
254,569
332
332
-
-
Additions
At 31 March 2020
254,569
22,648
332
277,549
Provision for depreciation and impairment
At 01 April 2019
12,320
-
12,320
-
Charge for year
2,335
111
2,224
-
At 31 March 2020
14,655
111
14,544
-
At 31 March 2020
Net book value
254,569
8,104
221
262,894
At 31 March 2019
254,569
10,328
-
264,897
3. Trade and other receivables
2019
2020
£
£
Trade debtors
-
(988)
Other debtors
29,627
28,033
27,045
29,627
The debtors above include the following amounts falling due after more than one year:
Other debtors
29,425
27,839
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft (secured)
7,910
12,001
Trade creditors
6,260
5,670
Taxation and social security
4,806
5,150
Other creditors
3,719
2,327
22,695
25,148
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7
For the year ended 31 March 2020
Abbey Property Solutions Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft (secured)
147,780
155,037
Other creditors
12,936
17,161
160,716
172,198
6. Average number of persons employed
During the year the average number of employees was 0
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