| Abbey Dry Cleaners (Kent ) Ltd |
| Registered Number:03968277 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Abbey Dry Cleaners (Kent ) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Abbey Dry Cleaners (Kent ) Ltd
Statement of Financial Position
2016
2017
| Property, plant and equipment |
3,090
4,120
2
3,090
4,120
| Trade and other receivables |
91
-
3
2,759
| Cash and cash equivalents |
2,077
2,077
2,850
| Trade and other payables: amounts falling due within one year |
(6,105)
(3,917)
4
(3,255)
(1,840)
Net current liabilities
| Total assets less current liabilities |
1,250
865
1,250
Net assets
865
2
2
1,248
863
1,250
865
Shareholders' funds
| For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| These financial statements were approved and authorised for issue by the Board on 14 December 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
Abbey Dry Cleaners (Kent ) Ltd
Notes to the Financial Statements
Statutory Information
| Abbey Dry Cleaners (Kent ) Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 03968277. |
| Principal place of business: |
101 East Street
Sittingbourne
Kent
ME10 4BL
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 March 2017
Abbey Dry Cleaners (Kent ) Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
20,001
13,650
6,351
6,351
13,650
20,001
| Provision for depreciation and impairment |
15,881
9,679
6,202
Charge for year
1,030
993
37
16,911
10,672
6,239
112
2,978
3,090
149
3,971
4,120
| 3. Trade and other receivables |
2016
2017
-
91
| 4. Trade and other payables: amounts falling due within one year |
2016
2017
| Taxation and social security |
1,626
63
2,291
6,042
3,917
6,105
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