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REGISTERED NUMBER: 02898502 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

ABBOTT & BOYD LIMITED

ABBOTT & BOYD LIMITED (REGISTERED NUMBER: 02898502)






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 & BOYD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







DIRECTOR: J M Abbott





REGISTERED OFFICE: 20-20 Jockey's Fields
London
WC1R 4BW





REGISTERED NUMBER: 02898502 (England and Wales)





ACCOUNTANTS: Jeremy Scholl and Company
Chartered Accountants
20-21 Jockey's Fields
London
WC1R 4BW

ABBOTT & BOYD LIMITED (REGISTERED NUMBER: 02898502)

BALANCE SHEET
31 MAY 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,148 183,946

CURRENT ASSETS
Debtors 5 179,882 220,644
Cash at bank and in hand 559,724 682,904
739,606 903,548
CREDITORS
Amounts falling due within one year 6 724,754 979,967
NET CURRENT ASSETS/(LIABILITIES) 14,852 (76,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,000

107,527

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 154,998 107,525
SHAREHOLDERS' FUNDS 155,000 107,527

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 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 September 2017 and were signed by:





J M Abbott - Director


ABBOTT & BOYD LIMITED (REGISTERED NUMBER: 02898502)

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

1. STATUTORY INFORMATION

Abbott & Boyd 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.

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

Land and buildings leasehold - over the term of the lease.
Plant & machinery - 25% reducing balance.
Fixtures, fittings & equipment - 25% reducing balance.
Motor vehicles - 25% reducing balance.

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.

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.

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.

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.

ABBOTT & BOYD LIMITED (REGISTERED NUMBER: 02898502)

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 11 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2016 33,051 661,119 694,170
Additions - 347 347
At 31 May 2017 33,051 661,466 694,517
DEPRECIATION
At 1 June 2016 15,049 495,175 510,224
Charge for year 2,572 41,573 44,145
At 31 May 2017 17,621 536,748 554,369
NET BOOK VALUE
At 31 May 2017 15,430 124,718 140,148
At 31 May 2016 18,002 165,944 183,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 151,418 175,905
Other debtors 28,464 44,739
179,882 220,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade creditors 400,673 355,310
Taxation and social security 225,488 257,443
Other creditors 98,593 367,214
724,754 979,967

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

As at the year ended 31.05.2017, the company owes Mr J M Abbott £8,773 (2016 - £303,096). There are no
terms as to interest or repayment.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M Abbott.