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REGISTERED NUMBER: 05384633 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABERCORN ENVIRONMENTAL LTD

ABERCORN ENVIRONMENTAL LTD (REGISTERED NUMBER: 05384633)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABERCORN ENVIRONMENTAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: D A Northridge
I C Neale
S R Clements





SECRETARY: Mrs J E Northridge





REGISTERED OFFICE: The Custom House
The Strand
Barnstaple
Devon
EX31 1EU





REGISTERED NUMBER: 05384633 (England and Wales)





ACCOUNTANTS: Perrins Limited
Chartered Accountants
The Custom House
The Strand
Barnstaple
Devon
EX31 1EU

ABERCORN ENVIRONMENTAL LTD (REGISTERED NUMBER: 05384633)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 238 280

CURRENT ASSETS
Debtors 6 1,687 2,749
Cash at bank 3,939 6,897
5,626 9,646
CREDITORS
Amounts falling due within one year 7 2,015 5,837
NET CURRENT ASSETS 3,611 3,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,849

4,089

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 3,749 3,989
SHAREHOLDERS' FUNDS 3,849 4,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

ABERCORN ENVIRONMENTAL LTD (REGISTERED NUMBER: 05384633)

BALANCE SHEET - continued
31 MARCH 2017


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 and authorised for issue by the Board of Directors on 5 September 2017 and
were signed on its behalf by:




D A Northridge - Director I C Neale - Director




S R Clements - Director


ABERCORN ENVIRONMENTAL LTD (REGISTERED NUMBER: 05384633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Abercorn Environmental 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 company is a private company and transitioned from previously extant UK GAAP to FRS102 as at 1 April 2015. There were no changes from the reported financial statements under UK GAAP to the current position under FRS102.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements cover this company as an individual entity. Rounding is to the nearest Pound (£).

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions
that affect the amount reported for assets and liabilities at the balance sheet date and the amounts reported for
revenues and expenses during the year. However, the nature of estimation means that actual outcomes could
differ from those estimates. The judgements and estimates having had the most significant effect on any amounts
are recognised in the financial statements in the year they are discovered.

Turnover
Turnover represents net invoiced sales of services, and is derived from the ordinary activities. Revenue is
recognised when services have been rendered and are invoiced to the customer. The company is not VAT
registered.

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 - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments of debtors, bank and cash balances and creditors are all recognised at cost.

Financial instruments are defined as a contract which gives rise to a financial asset of one entity and a financial
liability or equity instrument of another entity.

Basic financial instruments are classified under section 11 of FRS102 and are held at amortised cost. These
include cash, trade debtors and creditors, bank loans and other non-complicated loans.

Other financial instruments which are classified under section 12 of FRS102 and are measured as at fair value
through the profit or loss.


ABERCORN ENVIRONMENTAL LTD (REGISTERED NUMBER: 05384633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 1,362 516 1,878
DEPRECIATION
At 1 April 2016 1,082 516 1,598
Charge for year 42 - 42
At 31 March 2017 1,124 516 1,640
NET BOOK VALUE
At 31 March 2017 238 - 238
At 31 March 2016 280 - 280

ABERCORN ENVIRONMENTAL LTD (REGISTERED NUMBER: 05384633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,171 2,250
Other debtors 129 129
Prepayments 387 370
1,687 2,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 220 -
Accrued expenses 1,795 5,837
2,015 5,837

8. RESERVES
Retained
earnings
£   

At 1 April 2016 3,989
Deficit for the year (240 )
At 31 March 2017 3,749

9. RELATED PARTY DISCLOSURES

During the year the company paid £11,805 (2016 - £21,030) for consultancy fees to Ocracoke Projects Limited
on normal commercial terms. Mr S Clements is a director and shareholder in that company and this company,
and at the balance sheet date Ocracoke Projects Limited was owed £930 (2016 - £1,200).

During the year the company paid £3,000 (2016 - £3,000) for the use of premises to Abercorn Surveyors
Limited on normal commercial terms. Mr D A Northridge and Mr I C Neale are directors and shareholders in
that company and in this company, and at the balance sheet date Abercorn Surveyors Limited was owed £nil (
2016 - £1,500).

During the year the company paid £600 (2016 - £1,200) for consultancy fees to Nodco Limited on normal
commercial terms. Mr D A Northridge is a director and shareholder in that company, and in this company, and at
the balance sheet date Nodco Limited was owed £nil (2016 - £1,200).

During the year the company paid £600 (2016 - £1,200) for consultancy fees to Funky Ginger Company Limited
on normal commercial terms. Mr I C Neale is a director and shareholder in that company and this company, and
at the balance sheet date Funky Ginger Company Limited was owed £nil (2016 - £1,200).

10. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of D A Northridge, I C Neale and S R Clements, its directors
and shareholders.