Abbey Fork Trucks Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04179625 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Abbey Fork Trucks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T F Needham

L Needham

SECRETARY:

L Needham

REGISTERED OFFICE:

Unit B

Denton Wharf

Gravesend

Kent

DA12 2QD

REGISTERED NUMBER:

04179625 (England and Wales)

FIXED ASSETS

Tangible assets

2

172,327

175,016

CURRENT ASSETS

Stocks

35,145

25,963

Debtors

81,867

120,852

Cash at bank

8,414

5,823

125,426

152,638

CREDITORS

Amounts falling due within one year

243,645

302,118

NET CURRENT LIABILITIES

(118,219

)

(149,480

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,108

25,536

CAPITAL AND RESERVES

Called up share capital

3

1,060

Profit and loss account

53,048

24,476

SHAREHOLDERS' FUNDS

54,108

25,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 December 2016 and were
signed on its behalf by:

T F Needham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost and not provided

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

387,773

Additions

44,754

Disposals

(40,087

)

At 31 March 2016

392,440

DEPRECIATION

At 1 April 2015

212,757

Charge for year

16,909

Eliminated on disposal

(9,553

)

At 31 March 2016

220,113

NET BOOK VALUE

At 31 March 2016

172,327

At 31 March 2015

175,016

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

500

Share capital 1

£1

500

Share capital 2

£1

500

50

Share capital 3

£1

50

5

Share capital 4

£1

5

Share capital 5

£1

5

1,060