REGISTERED NUMBER: 03086866 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

A B Supplies Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

27,660

28,638

CURRENT ASSETS

Debtors

5

450,364

511,651

Cash at bank and in hand

725,646

506,200

1,176,010

1,017,851

CREDITORS

Amounts falling due within one year

6

388,495

278,982

NET CURRENT ASSETS

787,515

738,869

TOTAL ASSETS LESS CURRENT LIABILITIES

815,175

767,507

PROVISIONS FOR LIABILITIES

5,088

3,640

NET ASSETS

810,087

763,867

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

809,087

762,867

SHAREHOLDERS' FUNDS

810,087

763,867

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

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

The financial statements were approved by the Board of Directors on 27 September 2017 and were signed on its behalf by:

Mr J Topping - Director

Mrs A P Topping - Director

1.	STATUTORY INFORMATION

A B Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

03086866

Registered office:

130 Wilmslow Road

Handforth

Wilmslow

Cheshire

SK9 3LQ

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These financial statements for the year ended 31 August 2017 are the first financial statements that comply

with section 1A "Small Entities" of FRS102. The date of transition is 1 September 2016. There are no transitional

adjustments.

Turnover

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

value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets

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

Short leasehold

-

15% on reducing balance

Plant and machinery

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account,

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.

Pension costs and other post-retirement benefits

The company operates a pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 September 2016

16,329

205,580

221,909

Additions

-

12,590

12,590

At 31 August 2017

16,329

218,170

234,499

DEPRECIATION

At 1 September 2016

15,387

177,884

193,271

Charge for year

141

13,427

13,568

At 31 August 2017

15,528

191,311

206,839

NET BOOK VALUE

At 31 August 2017

801

26,859

27,660

At 31 August 2016

942

27,696

28,638

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

387,973

287,450

Other debtors

62,391

224,201

450,364

511,651

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

241,628

172,563

Taxation and social security

122,654

101,821

Other creditors

24,213

4,598

388,495

278,982

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

56,615

39,196

Between one and five years

12,387

23,234

69,002

62,430

8.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £6,296 (2016 - (£184,300)) representing the directors loan account

balance of Mr and Mrs Topping. The loan is interest free, unsecured and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current period by its directors who own 100% of the ordinary

shares.