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REGISTERED NUMBER: 00363475 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

ABBOTT & COMPANY (WESSEX) LIMITED

ABBOTT & COMPANY (WESSEX) LIMITED (REGISTERED NUMBER: 00363475)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABBOTT & COMPANY (WESSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







DIRECTORS: S Dee Shapland
D F Crockford
J D Givons
T C Pitts





SECRETARY: D F Crockford





REGISTERED OFFICE: Abberley House
Park Street
Cirencester
Gloucestershire
GL7 2BX





REGISTERED NUMBER: 00363475 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

ABBOTT & COMPANY (WESSEX) LIMITED (REGISTERED NUMBER: 00363475)

BALANCE SHEET
31 MAY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,880 6,140

CURRENT ASSETS
Stocks 54,000 8,818
Debtors 5 525,334 620,248
Cash at bank and in hand 10,026 13,902
589,360 642,968
CREDITORS
Amounts falling due within one year 6 499,320 553,847
NET CURRENT ASSETS 90,040 89,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,920

95,261

PROVISIONS FOR LIABILITIES 927 1,228
NET ASSETS 93,993 94,033

CAPITAL AND RESERVES
Called up share capital 40,750 40,750
Retained earnings 53,243 53,283
SHAREHOLDERS' FUNDS 93,993 94,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2018 and were signed on
its behalf by:



S Dee Shapland - Director


ABBOTT & COMPANY (WESSEX) LIMITED (REGISTERED NUMBER: 00363475)

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

1. STATUTORY INFORMATION

Abbott & Company (Wessex) 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 goods, excluding value added tax, and after trade discounts.
Revenue is recognised on provision of goods or services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock represents any forward purchase of any traded commodity held in stock against future sales. It
also includes prepayments made in respect of expenses incurred against crops the company
subsequently intend to procure at harvest time. Where the yield from the harvest is not known with any
certainty no profit is recognised on the sale under the rules of SSAP 9.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

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.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue
as a going concern have been identified by the directors.

Accounting convention
These financial statements are the first financial statements that comply with FRS 102 Section 1A. The
date of transition is 1 June 2015. The transition to FRS 102 Section 1A small entities has resulted in no
material changes in accounting policies to those used previously.

ABBOTT & COMPANY (WESSEX) LIMITED (REGISTERED NUMBER: 00363475)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2016 44,445 16,500 49,519 110,464
Additions 499 - - 499
At 31 May 2017 44,944 16,500 49,519 110,963
DEPRECIATION
At 1 June 2016 42,721 12,194 49,409 104,324
Charge for year 670 1,076 13 1,759
At 31 May 2017 43,391 13,270 49,422 106,083
NET BOOK VALUE
At 31 May 2017 1,553 3,230 97 4,880
At 31 May 2016 1,724 4,306 110 6,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 379,949 377,835
Other debtors 70,278 159,356
VAT 48,342 48,688
Prepayments 26,765 34,369
525,334 620,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 120,388 68,014
Trade creditors 257,738 242,700
Corporation Tax 12,190 22,611
Social security and other taxes 668 630
Other creditors 16,766 -
Accrued expenses 91,570 219,892
499,320 553,847

ABBOTT & COMPANY (WESSEX) LIMITED (REGISTERED NUMBER: 00363475)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 120,388 68,014

The company's bankers hold a Personal Guarantee from Mr D F Crockford to £50,000 as well as a
debenture over the trade debtors of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr D F Crockford has a Personal Guarantee in place with the company's bankers to the value of £50,000 by way of security against the company's bank facility.

9. RELATED PARTY DISCLOSURES

The directors of the company act as agents for the company on the same commercial basis as the
other agents. Transactions with directors for the financial year are as follows:

D F Crockford S Dee Shapland J D Givons

2017 2016 2017 2016 2017 2016
£ £ £ £ £ £

Commission and
expenses
received


38,579


36,424


78,632


82,890


288,641


294,026







10. ULTIMATE CONTROLLING PARTY

The controlling party is S Dee Shapland and D F Crockford.