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Company Registration No. 6941841 (England and Wales)
Abbotswood Flooring (Wood & Carpet) Limited Unaudited accounts for the year ended 31 March 2017
Abbotswood Flooring (Wood & Carpet) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Abbotswood Flooring (Wood & Carpet) Limited Company Information for the year ended 31 March 2017
Director
William Edward Thomas
Company Number
6941841 (England and Wales)
Accountants
Blythe & Co 41 Oldfields Road Sutton Surrey SM1 2NB
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Abbotswood Flooring (Wood & Carpet) Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
398 
2,151 
Current assets
Debtors
5
18,312 
41,032 
Cash at bank and in hand
7,080 
(5,869)
25,392 
35,163 
Creditors: amounts falling due within one year
6
(34,425)
(46,334)
Net current liabilities
(9,033)
(11,171)
Net liabilities
(8,635)
(9,020)
Capital and reserves
Called up share capital
7
2 
2 
Profit and loss account
(8,637)
(9,022)
Shareholders' funds
(8,635)
(9,020)
For the year ending 31 March 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 10 December 2017.
William Edward Thomas Director Company Registration No. 6941841
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Abbotswood Flooring (Wood & Carpet) Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
Abbotswood Flooring (Wood & Carpet) Limited is a private company, limited by shares, registered in England and Wales, registration number 6941841.
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 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 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:
Fixtures & fittings
25% on cost
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2016
2,500 
7,011 
9,511 
At 31 March 2017
2,500 
7,011 
9,511 
Depreciation
At 1 April 2016
2,500 
4,860 
7,360 
Charge for the year
- 
1,753 
1,753 
At 31 March 2017
2,500 
6,613 
9,113 
Net book value
At 31 March 2017
- 
398 
398 
At 31 March 2016
- 
2,151 
2,151 
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Abbotswood Flooring (Wood & Carpet) Limited Notes to the Accounts for the year ended 31 March 2017
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
- 
33,146 
Other debtors
18,312 
7,886 
18,312 
41,032 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
1,798 
- 
Taxes and social security
32,627 
46,334 
34,425 
46,334 
7
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2016: 2).
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