REGISTERED NUMBER: 00966288 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Abbeville Instrument Control Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Doggett

K Doggett

Mrs C A Doggett

M J Doggett

SECRETARY:

G Doggett

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

00966288 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

BANKERS:

Lloyds TSB Bank plc

43 Irongate

Derby

DE1 3FT

FIXED ASSETS

Tangible assets

2

220,484

212,469

CURRENT ASSETS

Stocks

55,525

53,425

Debtors

361,535

254,694

Cash at bank and in hand

478

68

417,538

308,187

CREDITORS

Amounts falling due within one year

3

343,478

219,789

NET CURRENT ASSETS

74,060

88,398

TOTAL ASSETS LESS CURRENT LIABILITIES

294,544

300,867

CREDITORS

Amounts falling due after more than one year

3

102,040

95,940

NET ASSETS

192,504

204,927

CAPITAL AND RESERVES

Called up share capital

4

10,100

10,100

Revaluation reserve

169,970

173,755

Profit and loss account

12,434

21,072

SHAREHOLDERS' FUNDS

192,504

204,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 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 Board of Directors on 23 August 2017 and were signed on its behalf by:

M J Doggett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales, excluding value added tax including, where applicable,

relevant costs and overheads plus attributable profit to date recoverable on contracts.

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.

Leasehold property

-

2% on revaluation

Plant and machinery

-

15% on reducing balance

Office equipment

-

20% on cost

Motor vehicles

-

20% 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.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

In the case of work in progress and finished goods held for stock, a proportion of relevant overheads is

included. Contractual work in progress in included in turnover.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable

profits from which the future reversal of underlying timing differences and losses can be deducted.

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 on an effective

interest rate method. 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 paid in the year are

charged in the profit and loss account.

Debt factoring

The gross asset equivalent of the gross debts factored is included within trade debtors with the

corresponding amount relating to proceeds received from the factor included within creditors. The

interest element and other factors charges are recognised within the profit and loss account as they

accrue.

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 on an effective

interest rate method. 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 December 2015

391,004

Additions

19,032

Disposals

(2,200

)

At 30 November 2016

407,836

DEPRECIATION

At 1 December 2015

178,535

Charge for year

10,191

Eliminated on disposal

(1,374

)

At 30 November 2016

187,352

NET BOOK VALUE

At 30 November 2016

220,484

At 30 November 2015

212,469

3.

CREDITORS

Creditors include an amount of £ 236,668 (2015 - £ 123,618 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

38,542

48,369

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

10,000

Ordinary A

£1

10,000

10,000

100

Ordinary B

£1

100

100

10,100

10,100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances of £10 and £2,759 were made to K Doggett and M Doggett respectively.

These advances were interest free and repayable on demand.