REGISTERED NUMBER: 06068526 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2017

for

ABRAMS ECOB LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A C Caunce

SECRETARY:

Mrs J Wilson

REGISTERED OFFICE:

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

REGISTERED NUMBER:

06068526 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Intangible assets

4

-

70,467

Tangible assets

5

30,082

48,355

30,082

118,822

CURRENT ASSETS

Debtors

253,500

230,586

Cash at bank and in hand

298,502

280,030

552,002

510,616

CREDITORS

Amounts falling due within one year

117,973

202,637

NET CURRENT ASSETS

434,029

307,979

TOTAL ASSETS LESS CURRENT LIABILITIES

464,111

426,801

CREDITORS

Amounts falling due after more than one year

-

(9,240

)

PROVISIONS FOR LIABILITIES

(1,196

)

(2,631

)

NET ASSETS

462,915

414,930

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

462,815

414,830

SHAREHOLDERS' FUNDS

462,915

414,930

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20th December 2017 and were signed by:

Mr A C Caunce - Director

1.	STATUTORY INFORMATION

Abrams Ecob Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A for small entities. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A for small entities has resulted in no changes in accounting policies and no

reclassification adjustments.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks,

and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2016

and 31st March 2017

604,000

AMORTISATION

At 1st April 2016

533,533

Amortisation for year

70,467

At 31st March 2017

604,000

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

70,467

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2016

101,878

Disposals

(22,496

)

At 31st March 2017

79,382

DEPRECIATION

At 1st April 2016

53,523

Charge for year

10,342

Eliminated on disposal

(14,565

)

At 31st March 2017

49,300

NET BOOK VALUE

At 31st March 2017

30,082

At 31st March 2016

48,355

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st April 2016

and 31st March 2017

20,890

DEPRECIATION

At 1st April 2016

9,139

Charge for year

2,938

At 31st March 2017

12,077

NET BOOK VALUE

At 31st March 2017

8,813

At 31st March 2016

11,751

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Hire purchase contracts

10,925

11,436

HP creditors are secured on the relevant asset.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Mrs J S Ecob as sole director and shareholder.