REGISTERED NUMBER: 05378417 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

A.B.D. BUILDERS LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTOR:

Mr L Fredson

SECRETARY:

Mr L Fredson

REGISTERED OFFICE:

Redways Yard

Desoto Road

Westbank Dock Estate

Widnes

Merseyside

WA8 0PB

BUSINESS ADDRESS:

30 Bancroft Close

Hunts Cross

Liverpool

Merseyside

L25 0LS

REGISTERED NUMBER:

05378417 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BANKERS:

NatWest Bank Plc

Hillfoot Road

Hunt's Cross

Liverpool

Merseyside

L25 0NF

The director presents his report with the financial statements of the company for the year ended 28 February 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of building contractors.

DIRECTOR

Mr L Fredson held office during the whole of the period from 1 March 2016 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

28.2.17

1.3.16

Ordinary shares of £1 each

50

100

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr L Fredson - Director

27 November 2017

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,232

21,421

16,232

21,421

CURRENT ASSETS

Stocks

3,500

6,251

Debtors

6

77,867

35,679

Cash at bank

41,569

26,428

122,936

68,358

CREDITORS

Amounts falling due within one year

7

(123,610

)

(69,916

)

NET CURRENT LIABILITIES

(674

)

(1,558

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,558

19,863

CREDITORS

Amounts falling due after more than one year

8

(5,088

)

(14,479

)

PROVISIONS FOR LIABILITIES

10

(2,401

)

(3,333

)

NET ASSETS

8,069

2,051

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,969

1,951

SHAREHOLDERS' FUNDS

8,069

2,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 27 November 2017 and were signed by:

Mr L Fredson - Director

1.	STATUTORY INFORMATION

A.B.D. Builders 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 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 2005, is being amortised evenly over its estimated useful life of four 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.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

8,000

AMORTISATION

At 1 March 2016

and 28 February 2017

8,000

NET BOOK VALUE

At 28 February 2017

-

At 29 February 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2016

2,819

9,487

39,449

51,755

Additions

-

1,264

1,542

2,806

At 28 February 2017

2,819

10,751

40,991

54,561

DEPRECIATION

At 1 March 2016

2,132

8,126

20,076

30,334

Charge for year

227

866

6,902

7,995

At 28 February 2017

2,359

8,992

26,978

38,329

NET BOOK VALUE

At 28 February 2017

460

1,759

14,013

16,232

At 29 February 2016

687

1,361

19,373

21,421

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

Motor

vehicles

£

COST

At 1 March 2016

and 28 February 2017

25,700

DEPRECIATION

At 1 March 2016

7,663

Charge for year

5,952

At 28 February 2017

13,615

NET BOOK VALUE

At 28 February 2017

12,085

At 29 February 2016

18,037

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

77,577

35,389

Other debtors

290

290

77,867

35,679

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

4,456

2,476

Hire purchase contracts

2,737

5,459

Trade creditors

45,772

31,408

Taxation and social security

34,334

23,133

Other creditors

36,311

7,440

123,610

69,916

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

29.2.16

£

£

Hire purchase contracts

5,088

14,479

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.17

29.2.16

£

£

Hire purchase contracts

7,825

19,938

10.	PROVISIONS FOR LIABILITIES

28.2.17

29.2.16

£

£

Deferred tax

2,401

3,333

Deferred

tax

£

Balance at 1 March 2016

3,333

Accelerated capital allowances

(932

)

Balance at 28 February 2017

2,401

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £19,000 (2016 - £27,000) were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr L Fredson.