REGISTERED NUMBER: SC140440 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

ABS GLASS & GLAZING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

James Drysdale Thomson

SECRETARY:

James Glass

REGISTERED OFFICE:

Unit B

48 Fort Street

Ayr

KA7 1DE

REGISTERED NUMBER:

SC140440 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.,

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

BANKERS:

National Westminster Bank plc

19 Miller Road

Ayr

KA7 2AX

FIXED ASSETS

Tangible assets

2

6,469

7,275

CURRENT ASSETS

Stocks

1,596

2,306

Debtors

171,725

175,880

Cash at bank

24,617

24,717

197,938

202,903

CREDITORS

Amounts falling due within one year

20,761

35,050

NET CURRENT ASSETS

177,177

167,853

TOTAL ASSETS LESS CURRENT LIABILITIES

183,646

175,128

CAPITAL AND RESERVES

Called up share capital

3

1

1

Retained earnings

183,645

175,127

SHAREHOLDERS' FUNDS

183,646

175,128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 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 director on 24 March 2017 and were signed by:

James Drysdale Thomson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

4% on cost

Plant and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock and work in progress is stated at the lower of cost and net realisable value.

Deferred tax

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains

and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on

an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences

will reverse.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

40,140

DEPRECIATION

At 1 July 2015

32,865

Charge for year

806

At 30 June 2016

33,671

NET BOOK VALUE

At 30 June 2016

6,469

At 30 June 2015

7,275

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary shares

£1

1

1