1 February 2016 false No description of principal activity Taxfiler 2017.35.Web 05793875business:PrivateLimitedCompanyLtd2016-02-012017-01-31 057938752016-01-31 057938752016-02-012017-01-31 05793875business:AuditExemptWithAccountantsReport2016-02-012017-01-31 05793875business:FullAccounts2016-02-012017-01-31 057938752017-01-31 05793875business:Director12016-02-012017-01-31 05793875business:RegisteredOffice2016-02-012017-01-31 057938752016-01-31 05793875core:WithinOneYear2017-01-31 05793875core:WithinOneYear2016-01-31 05793875core:AfterOneYear2017-01-31 05793875core:AfterOneYear2016-01-31 05793875core:ShareCapital2017-01-31 05793875core:ShareCapital2016-01-31 05793875core:RetainedEarningsAccumulatedLosses2017-01-31 05793875core:RetainedEarningsAccumulatedLosses2016-01-31 05793875business:SmallEntities2016-02-012017-01-31 05793875countries:EnglandWales2016-02-012017-01-31 05793875core:PlantMachinery2016-02-012017-01-31 05793875core:ComputerEquipment2016-02-012017-01-31 05793875core:PlantMachinery2016-01-31 05793875core:ComputerEquipment2016-01-31 05793875core:PlantMachinery2017-01-31 05793875core:ComputerEquipment2017-01-31 057938752015-02-012016-01-31 iso4217:GBP xbrli:pure
Company Registration No. 05793875 (England and Wales)
ABC Developments Limited Unaudited accounts for the year ended 31 January 2017
ABC Developments Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
ABC Developments Limited Company Information for the year ended 31 January 2017
Director
K Wheatcroft
Company Number
05793875 (England and Wales)
Registered Office
98 Castle Road Castle Gresley Swadlincote Derbyshire DE11 9LJ
- 3 -
ABC Developments Limited Statement of financial position as at 31 January 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,128 
2,655 
Current assets
Inventories
5
145,540 
145,540 
Cash at bank and in hand
601 
135 
146,141 
145,675 
Creditors: amounts falling due within one year
6
(142,845)
(141,662)
Net current assets
3,296 
4,013 
Total assets less current liabilities
5,424 
6,668 
Creditors: amounts falling due after more than one year
7
(63,200)
(66,799)
Net liabilities
(57,776)
(60,131)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(57,876)
(60,231)
Shareholders' funds
(57,776)
(60,131)
For the year ending 31 January 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 October 2017.
K Wheatcroft Director Company Registration No. 05793875
- 4 -
ABC Developments Limited Notes to the Accounts for the year ended 31 January 2017
1
Statutory information
ABC Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 05793875. The registered office and principal place of business is 98 Castle Road, Castle Gresley, Swadlincote, Derbyshire, DE11 9LJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Computer equipment
33% straight line
- 5 -
ABC Developments Limited Notes to the Accounts for the year ended 31 January 2017
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2016
8,995 
933 
9,928 
At 31 January 2017
8,995 
933 
9,928 
Depreciation
At 1 February 2016
6,491 
782 
7,273 
Charge for the year
376 
151 
527 
At 31 January 2017
6,867 
933 
7,800 
Net book value
At 31 January 2017
2,128 
- 
2,128 
At 31 January 2016
2,504 
151 
2,655 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
145,540 
145,540 
145,540 
145,540 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
3,600 
3,600 
Trade creditors
8,666 
8,666 
Taxes and social security
- 
144 
Other creditors
34,908 
35,208 
Loans from directors
95,271 
93,644 
Accruals
400 
400 
142,845 
141,662 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
63,200 
66,799 
8
Average number of employees
During the year the average number of employees was 1 (2016: 2).
- 6 -