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ABP Associates Limited
Registered Number:04128328
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2017
ABP Associates Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 April 2017
ABP Associates Limited
Statement of Financial Position
Registered Number :
04128328
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
76,243
93,746
2
76,243
93,746
Current assets
Trade and other receivables
283,407
144,146
3
227,208
Cash and cash equivalents
253,106
397,252
510,615
Trade and other payables: amounts falling due within one
year
(125,690)
(89,498)
4
384,925
307,754
Net current assets
Total assets less current liabilities
383,997
478,671
Trade and other payables: amounts falling due after more
than one year
(7,399)
(2,500)
5
(6,562)
(9,835)
Provisions for liabilities
374,935
Net assets
461,437
Capital and reserves
Called up share capital
4
4
Retained earnings
374,931
461,433
374,935
461,437
Shareholders' funds
For the year ended 30 April 2017 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 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
A B Pomeroy Director
These financial statements were approved and authorised for issue by the Board on 30 June 2017 and were signed by:
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4
For the year ended 30 April 2017
ABP Associates Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 30 April 2017
ABP Associates Limited
Notes to the Financial Statements
Statutory Information
ABP Associates Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04128328.
Registered address:
Unit 8. Chancerygate Business Centre
Manor House Ave
Southampton
Hants
SO15 0AE
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 represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
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:
Land and buildings
15% Per annum on cost
Plant and machinery
25% Reducing balance
25% Reducing balance
Office equipment
25% Reducing balance
Motor vehicles
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 method giving a constant rate of return on the balance outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 April 2017
ABP Associates Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
equipment
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 May 2016
238,227
44,308
86,884
45,918
61,117
572
572
-
-
-
Additions
At 30 April 2017
45,918
86,884
44,880
238,799
61,117
Provision for depreciation and impairment
At 01 May 2016
144,481
35,868
54,037
31,910
22,666
Charge for year
18,075
2,110
8,387
3,502
4,076
At 30 April 2017
162,556
37,978
62,424
35,412
26,742
At 30 April 2017
Net book value
34,375
10,506
24,460
6,902
76,243
At 30 April 2016
38,451
14,008
32,847
8,440
93,746
3. Trade and other receivables
2016
2017
£
£
Trade debtors
87,084
205,348
Other debtors
57,062
78,059
283,407
144,146
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
51,201
51,328
Taxation and social security
25,305
59,728
Other creditors
12,992
14,634
89,498
125,690
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
2,500
7,399
6. Average number of persons employed
During the year the average number of employees was 21 (2016 : 23)
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7
For the year ended 30 April 2017
ABP Associates Limited
Notes to the Financial Statements Continued
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