REGISTERED NUMBER: 03085451 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016

FOR

ABBEYGROVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Wolferstan

REC Wolferstan

SECRETARY:

REC Wolferstan

REGISTERED OFFICE:

222a High Street

Chesterton

Cambridge

Cambridgeshire

CB4 1NX

REGISTERED NUMBER:

03085451 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Tangible assets

4

433

577

CURRENT ASSETS

Debtors

5

2,058

-

Cash at bank

57

100

2,115

100

CREDITORS

Amounts falling due within one year

6

5,757

2,696

NET CURRENT LIABILITIES

(3,642

)

(2,596

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,209

)

(2,019

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(3,211

)

(2,021

)

SHAREHOLDERS' FUNDS

(3,209

)

(2,019

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 21 April 2017 and were signed on its behalf by:

R Wolferstan - Director

1.	STATUTORY INFORMATION

Abbeygrove 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.

The financial statements include the results of the company's operations all of which are continuing. The

financial statements have been prepared on a going concern basis. This may not be appropriate because at 31

July 2016 the company's current liabilities exceeded its current assets by £3,209 and total liabilities of the

company were £5,757. The company is reliant upon the continued support of its directors, bank and creditors,

but there is no evidence to suggest that this will not continue and that further funds will not be provided as

necessary to enable the company to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on cost

Office equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 August 2015

and 31 July 2016

2,111

5,919

8,030

DEPRECIATION

At 1 August 2015

2,111

5,342

7,453

Charge for year

-

144

144

At 31 July 2016

2,111

5,486

7,597

NET BOOK VALUE

At 31 July 2016

-

433

433

At 31 July 2015

-

577

577

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

2,058

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Tax

414

918

VAT

257

321

Deposits received from clients

4,200

5,200

Less: cash at bank on clients accounts

(272

)

(4,876

)

Directors' current accounts

8

3

Accruals and deferred income

1,150

1,130

5,757

2,696

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,700 (2015 - £4,300) were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY