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REGISTERED NUMBER: 05601298 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

ABRIDGE SYSTEMS LIMITED

ABRIDGE SYSTEMS LIMITED (REGISTERED NUMBER: 05601298)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABRIDGE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTORS: J D Phelps
R P Phelps
L M Phelps





SECRETARY: L M Phelps





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 05601298 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

ABRIDGE SYSTEMS LIMITED (REGISTERED NUMBER: 05601298)

BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,205 8,991

CURRENT ASSETS
Debtors 5 46,666 33,020
Cash at bank 240,055 243,792
286,721 276,812
CREDITORS
Amounts falling due within one year 6 65,385 58,166
NET CURRENT ASSETS 221,336 218,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,541

227,637

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 7 228,531 227,627
SHAREHOLDERS' FUNDS 228,541 227,637

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

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

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 by the Board of Directors on 26 June 2017 and were signed on its behalf by:




J D Phelps - Director



L M Phelps - Director


ABRIDGE SYSTEMS LIMITED (REGISTERED NUMBER: 05601298)

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

1. STATUTORY INFORMATION

Abridge Systems 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.

Turnover
Turnover represents net invoiced sales of services, 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.
Bicycle - 25% on reducing balance
Motor van - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

ABRIDGE SYSTEMS LIMITED (REGISTERED NUMBER: 05601298)

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

4. TANGIBLE FIXED ASSETS
Computer
Bicycle Motor van equipment Totals
£    £    £    £   
COST
At 1 February 2016 1,788 21,950 22,492 46,230
Additions - - 2,781 2,781
At 31 January 2017 1,788 21,950 25,273 49,011
DEPRECIATION
At 1 February 2016 447 18,044 18,748 37,239
Charge for year 335 977 3,255 4,567
At 31 January 2017 782 19,021 22,003 41,806
NET BOOK VALUE
At 31 January 2017 1,006 2,929 3,270 7,205
At 31 January 2016 1,341 3,906 3,744 8,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 45,833 33,020
Other debtors 833 -
46,666 33,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax 37,205 40,064
VAT 9,801 10,640
Directors' current accounts - JDP & LMP 15,779 4,912
Accrued expenses 2,600 2,550
65,385 58,166

7. RESERVES
Retained
earnings
£   

At 1 February 2016 227,627
Profit for the year 136,904
Dividends (136,000 )
At 31 January 2017 228,531