REGISTERED NUMBER: 04048936 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ABBEY SERVICES (PALLETS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

L A Phipps

SECRETARY:

Mrs L Phipps

REGISTERED OFFICE:

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

REGISTERED NUMBER:

04048936 (England and Wales)

ACCOUNTANTS:

Gane Jackson Scott LLP

Chartered Certified Accountants

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

BANKERS:

Barclays Bank plc

78 Turners Hill

Cheshunt

Hertfordshire

FIXED ASSETS

Tangible assets

2

37,763

50,086

CURRENT ASSETS

Stocks

18,395

19,450

Debtors

484,838

393,753

Cash at bank and in hand

239,733

266,591

742,966

679,794

CREDITORS

Amounts falling due within one year

178,688

222,464

NET CURRENT ASSETS

564,278

457,330

TOTAL ASSETS LESS CURRENT LIABILITIES

602,041

507,416

PROVISIONS FOR LIABILITIES

7,156

9,535

NET ASSETS

594,885

497,881

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

594,883

497,879

SHAREHOLDERS' FUNDS

594,885

497,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 June 2017 and were signed by:

L A Phipps - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

153,552

Additions

317

Disposals

(500

)

At 30 September 2016

153,369

DEPRECIATION

At 1 October 2015

103,466

Charge for year

12,595

Eliminated on disposal

(455

)

At 30 September 2016

115,606

NET BOOK VALUE

At 30 September 2016

37,763

At 30 September 2015

50,086

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2