REGISTERED NUMBER: 03355709 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Abba Cars Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Burch

J Holliday

SECRETARY:

D R Burch

REGISTERED OFFICE:

Blue House Farm Office

Brentwood Road

West Horndon

Essex

CM13 3LX

REGISTERED NUMBER:

03355709 (England and Wales)

ACCOUNTANTS:

The Randall's Partnership Ltd

Chartered Accountants

Blue House Farm Office

Brentwood Road

West Horndon

Essex

CM13 3LX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

234,087

238,049

234,087

238,049

CURRENT ASSETS

Debtors

6

281,542

288,043

Cash at bank

18,322

16,133

299,864

304,176

CREDITORS

Amounts falling due within one year

7

79,675

109,845

NET CURRENT ASSETS

220,189

194,331

TOTAL ASSETS LESS CURRENT LIABILITIES

454,276

432,380

CREDITORS

Amounts falling due after more than one year

8

94,602

93,443

NET ASSETS

359,674

338,937

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

359,574

338,837

SHAREHOLDERS' FUNDS

359,674

338,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 20 November 2018 and were signed on its behalf by:

D R Burch - Director

1.	STATUTORY INFORMATION

Abba Cars Ltd 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 the value of sales to customers, net of discounts, allowances, volume

and promotional rebates and other payments to customers and excludes VAT. Sale of

goods are recognised when the company has delivered product to the customer, the

customer has accepted the products and collectability of the related receivable is reasonably

assured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2017

and 28 February 2018

5,000

AMORTISATION

At 1 March 2017

and 28 February 2018

5,000

NET BOOK VALUE

At 28 February 2018

-

At 28 February 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2017

743,679

Additions

41,722

At 28 February 2018

785,401

DEPRECIATION

At 1 March 2017

505,630

Charge for year

45,684

At 28 February 2018

551,314

NET BOOK VALUE

At 28 February 2018

234,087

At 28 February 2017

238,049

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

24,762

29,074

Other debtors

256,780

258,969

281,542

288,043

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade creditors

46,701

75,594

Taxation and social security

10,003

11,280

Other creditors

22,971

22,971

79,675

109,845

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.18

28.2.17

£

£

Bank loans

41,979

28,509

Hire purchase contracts

52,623

64,934

94,602

93,443

9.	ULTIMATE CONTROLLING PARTY