ABBEY LITHO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
Company Registration No. 01587376 (England and Wales)
ABBEY LITHO LIMITED
COMPANY INFORMATION
Director
Mr G. L. Bulmer
Secretary
Mr. I.D. Brooks
Company number
01587376
Registered office
166 College Road
Harrow
Middlesex
HA1 1RA
Accountants
Charterhouse (Accountants) Limited
166 College Road
Harrow
Middlesex
HA1 1RA
ABBEY LITHO LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
ABBEY LITHO LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
3
31,054
40,872
Current assets
Stocks
18,465
23,976
Debtors
4
66,368
110,508
Cash at bank and in hand
302,685
238,087
387,518
372,571
Creditors: amounts falling due within one year
5
(136,372)
(143,869)
Net current assets
251,146
228,702
Total assets less current liabilities
282,200
269,574
Provisions for liabilities
(5,892)
-
Net assets
276,308
269,574
Capital and reserves
Called up share capital
6
5,000
5,000
Profit and loss reserves
271,308
264,574
Total equity
276,308
269,574
ABBEY LITHO LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2016
31 December 2016
- 2 -

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

T he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. The profit and loss account and related notes have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to small companies subject to the small companies regime.

 

The profit and loss account and related notes have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to small companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 8 August 2017
Mr G. L. Bulmer
Director
Company Registration No. 01587376
ABBEY LITHO LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2015
5,000
240,995
245,995
Year ended 31 December 2015:
Profit and total comprehensive income for the year
-
75,710
75,710
Dividends
-
(52,131)
(52,131)
Balance at 31 December 2015
5,000
264,574
269,574
Year ended 31 December 2016:
Profit and total comprehensive income for the year
-
118,834
118,834
Dividends
-
(112,100)
(112,100)
Balance at 31 December 2016
5,000
271,308
276,308
ABBEY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 4 -
1
Accounting policies
Company information

Abbey Litho Limited is a private company limited by shares incorporated in England and Wales. The registered office is 166 College Road, Harrow, Middlesex, HA1 1RA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £. These financial statements for the year ended 31 December 2016 are the first financial statements of Abbey Litho Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

These financial statements for the year ended 31 December 2016 are the first financial statements of Abbey Litho Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 January 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
10% - 20% on cost
Motorcycle
20% reducing balance
1.4
Stocks

Stock and work in progress is valued at the lower of cost and net realisable value.

 

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

ABBEY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
1
Accounting policies
(Continued)
- 5 -
1.6
Pensions

The company operates a money purchase (defined contribution) pension scheme. Contributions payable to this scheme are charged to the profit and loss account in the period to which they relate. These contributions are invested separately from the company's assets.

1.7
Foreign currency translation

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 5 (2015 - 2).

3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2016
62,245
Disposals
(14,126)
At 31 December 2016
48,119
Depreciation and impairment
At 1 January 2016
21,373
Depreciation charged in the year
7,989
Eliminated in respect of disposals
(12,297)
At 31 December 2016
17,065
Carrying amount
At 31 December 2016
31,054
At 31 December 2015
40,872
4
Debtors
2016
2015
Amounts falling due within one year:
£
£
Trade debtors
64,998
108,084
Other debtors
1,370
2,424
66,368
110,508
ABBEY LITHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 6 -
5
Creditors: amounts falling due within one year
2016
2015
£
£
Trade creditors
21,241
18,221
Corporation tax
34,374
13,034
Other taxation and social security
16,138
11,083
Other creditors
64,619
101,531
136,372
143,869
6
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
5,000 Ordinary shares of £1 each
5,000
5,000
7
Related party transactions

The company is under the control of Mr G Bulmer, who is the sole shareholder and managing director of the company. Included in other creditors is Mr G. Bulmer's directors current account amounting to £1,023 (2015: £5,497) as at the balance sheet date. During the year, dividends of £112,100 (2015: £52,131) were paid in respect of shares held by the company's director.

 

Included in other creditors is Mr G. Bulmer's directors current account amounting to £1,023 (2015: £5,497) as at the balance sheet date.

 

During the year, dividends of £112,100 (2015: £52,131) were paid in respect of shares held by the company's director.

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