REGISTERED NUMBER: 04078539 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Abbey Lawns Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J E Geary

SECRETARY:

Mrs J E Geary

REGISTERED OFFICE:

61 Rodney Street

Liverpool

Merseyside

L1 9ER

BUSINESS ADDRESS:

3 Anfield Road

Anfield

Liverpool

Merseyside

L4 0TD

REGISTERED NUMBER:

04078539 (England and Wales)

ACCOUNTANTS:

Alexander Myerson & Co Limited

Alexander House

61 Rodney Street

Liverpool

Merseyside

L1 9ER

FIXED ASSETS

Intangible assets

4

231,584

271,284

Tangible assets

5

1,719,362

1,759,006

1,950,946

2,030,290

CURRENT ASSETS

Debtors

6

212,921

165,153

Cash at bank and in hand

125,386

103,661

338,307

268,814

CREDITORS

Amounts falling due within one year

7

240,389

192,269

NET CURRENT ASSETS

97,918

76,545

TOTAL ASSETS LESS CURRENT LIABILITIES

2,048,864

2,106,835

CREDITORS

Amounts falling due after more than one year

8

(927,862

)

(993,856

)

PROVISIONS FOR LIABILITIES

(37,836

)

(46,271

)

NET ASSETS

1,083,166

1,066,708

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,083,066

1,066,608

SHAREHOLDERS' FUNDS

1,083,166

1,066,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 15 March 2018 and were signed by:

Mrs J E Geary - Director

1.	STATUTORY INFORMATION

Abbey Lawns Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Freehold property is not depreciated as the director believes that the current market value is not less than the

value in the balance sheet.

Taxation

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 85 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

794,000

AMORTISATION

At 1 October 2016

522,716

Amortisation for year

39,700

At 30 September 2017

562,416

NET BOOK VALUE

At 30 September 2017

231,584

At 30 September 2016

271,284

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

1,485,607

607,873

16,754

2,110,234

Additions

-

1,944

-

1,944

At 30 September 2017

1,485,607

609,817

16,754

2,112,178

DEPRECIATION

At 1 October 2016

-

339,604

11,624

351,228

Charge for year

-

40,312

1,276

41,588

At 30 September 2017

-

379,916

12,900

392,816

NET BOOK VALUE

At 30 September 2017

1,485,607

229,901

3,854

1,719,362

At 30 September 2016

1,485,607

268,269

5,130

1,759,006

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

161,788

62,256

Other debtors

43,113

97,142

Prepayments

8,020

5,755

212,921

165,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

65,994

63,764

Trade creditors

6,891

6,186

Tax

32,578

30,433

Social security and other taxes

35,407

-

Other creditors

82,336

68,388

Directors' current accounts

296

296

Accrued expenses

16,887

23,202

240,389

192,269

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans

927,862

993,856

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J E Geary.